Fiat Money - Overview, History, How It Works, Pros and Cons

/r/Forex Trading Community

Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
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Gatecoin - bitcoin & ethereum token exchange

Founded in 2013 by former investment bankers, Gatecoin is a bitcoin and ethereum token exchange. Through our intuitive trading platform we enable individuals and institutions around the world to trade and invest in cryptocurrency and blockchain assets. Licensed as a Hong Kong MSO to govern our forex activities, we enforce strict KYC and AML compliance policies. Thanks to our international payments network we offer fiat currency transfers in HKD, EUR and USD.
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Is trading crypto the same as trading fiat forex?

This may be a dumb question but im really trying to get into trading. I've seen posts that earning money through crypto is just through the increase in market cap and nothing else. Is this true?
submitted by sserbianb to Bitcoin [link] [comments]

Is trading crypto the same as trading fiat forex?

This may be a dumb question but im really trying to get into trading. I've seen posts that earning money through crypto is just through the increase in market cap and nothing else. Is this true?
submitted by sserbianb to binance [link] [comments]

Is trading crypto the same as trading fiat forex? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Anyone has any clue what happens to cryptocurrency in the event of a fiat forex slump?

I would imagine a decline in the world Fiat currencies would translate to a corresponding decline in cryptocurrency because fiat is the chief product bought by crypto. Can any knowledgeable shibe in here throw some economics on this question? Thanks
submitted by NotAnAI to dogecoin [link] [comments]

The LivenPay CryptoCurrency (LVN)

To launch its new product, LivenPay will be growing its own personal digital currency: LivenCoin, or LVN for short. For users of the Liven Cash system, credit will be migrated across in fiat fee for the launch of the new Liven, and all of the points people love about Liven Cash will remain, plus new features and amenities enabled through transitioning to a proper digital currency.
LVN will feature as an intrinsic store of value across our network, and will have it’s very own internal exchange fee backed with the aid of the quantity of transactions made in real, brick-and-mortar businesses. This capability each token has a guaranteed purchasing electricity at over a thousand actual groups on launch day regardless of any arbitrary value the community may place on them. Users will be in a position to transact in fiat forex (AUD, USD) or LVN at all partnered merchants, and will obtain LVN for transacting as part of the sensible rewards network that we’ve built over the remaining four years. Merchant companions will be paid in fiat currency, or, if interested, can opt to get hold of repayments absolutely in LVN.
TOKEN DETAILS
SYMBOL: LVN
Network: ethereum
Token Type: ERC20
Decimal point: 18
General offer: 10,000,000,000 LVN
Token price: $ 0.015 USD
Total Sales: 30% (3,000,000,000)
Host: USD, AUD, ETH
Softcap: $ 10,000,000 USD
Hardcap: $ 28,000,000 USD
Jurisdiction: Australia
Limited to: United States, China, Egypt, Saudi Arabia, Bangladesh, Pakistan, Taiwan, and Indonesia
For More Information You Can Visit Link Below :
LivenPay : https://livenpay.io
Whitepaper : https://s3-ap-southeast-2.amazonaws.com/livenpay.io/LIVEN-WhitePaper(EN).pdf
Instagram : https://instagram.com/livenpay
Medium : https://medium.com/livenpay
submitted by wealthspy to blockchain_startups [link] [comments]

Introducing Gingr


“The chook has eventually come home to roost” is an aged lengthy adage used to typically describe a situation whereby a device is in area to accurate/trade the antique or awful methods of doing matters within the beyond. This adage can be vividly felt in the blockchain/crypto tech and the Gingr environment. It’s already a expertise in the public area regarding the which means, functionalities and benefits of the blockchain generation – a decentralized and unchangeable public ledger of data. With the use of the blockchain technology, centralized systems now pave manner for decentralized systems wherein no celebration concerned within the transaction system can manage the whole technique, as an alternative all involved events in the transaction technique will usually have a duplicate of the details of transactions and all information entered stays proof against any form of alternate. The cryptocurrency is absolutely one of the programs of the blockchain gadget i.E a peer to look virtual forex.
GGC: This is an ERC-20 standard compliant token used over the Gingr business intercourse blockchain fired platform to execute all bills made in alternate for intercourse. This GGC token is followed with banking and payment functionalities which could assist alternate this token into fiat currencies in order that the involved events could use the fiat forex to resolve their daily desires.
GGC token sale details
GGC has a complete supply of one billion GGC tokens with 50% of this general supply mapped out for income via ICO and the ICO is scheduled to take area after the clearing of all legal hurdles and at least zero.1 ETH is wanted to shop for the GGC in the course of the ICO period whilst accepted currencies encompass: ETH, BTC, Bitcoin cash, Litecoin, Dash, CHF and EUR.

Whitepaper: https://api.ggcoin.ch/download/pdf/ggc-white-paper.pdf

Bounty0x Username: dapero
submitted by olumildy to ico [link] [comments]

Introducing the Gingr project

Gingr is truly an internet and decentralized platform in which prostitutes can effortlessly connect to their customers, at any available region and time with only some clicks on their digital gadgets. The costs for those “intercourse offers” are made with cryptocurrency in region of the traditional techniques of settling prostitutes with cash. Since cryptocurrency is sort of synonymous with the blockchain generation alias “the accountability tech”, data of price made the usage of cryptocurrency is maintained on the immutable ledger information of the blockchain, finally both identity and charge information of the provider corporation and customers are all contained at the blockchain, consequently if you are nursing the ambition of creating a violent scene after that sensational sexual romp you had through the Gingr platform, you need to have a re -suppose due to the reality all of your statistics or information that can be deployed in trailing and getting you to answer for the crime you dedicated is on the Gingr's blockchain network that is made viable through one's mode of price i.E cryptocurrency. So, with the help of the Gingr’s online paid sex hook up platform and its integration with the blockchain generation thru cryptocurrency, those ugly acts of paid sex violence might be decreased to the barest minimum because of the reality all of us of the platform is trouble to account for his or her movements if important….Way to the effective blockchain era. GGC: This is an ERC-20 popular compliant token used over the Gingr commercial enterprise sex blockchain fired platform to execute all bills made in alternate for sex. This GGC token is found with banking and charge functionalities which may assist change this token into fiat currencies so that the involved activities ought to use the fiat forex to remedy their each day wishes.
https://ggcico.io/
Bounty0x Username: lollyk4real
submitted by Lollyk4real01 to ico [link] [comments]

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submitted by olivianoah784 to u/olivianoah784 [link] [comments]

Library for conversion and Forex of 6100+ Fiat & Crypto currency with no API key

submitted by ASVVVAD to golang [link] [comments]

Crypto Macro thoughts

I know most people on this sub are focused on the day to day news and price movements, but I try to think in the larger picture and I wanted to share my thoughts and hopefully generate some discussion along these lines.
I feel like the last few months in particular for crypto have been completely dominated by Bitcoin/Fiat trading. This was very different from spring/summer 2016 where the largest market was often BTC/ETH. Now BTC/CNY, BTC/USD, BTC/JPY, BTC/EUR are all larger markets. In pracical terms, this means that the fiat traders are the ones moving the market, and they are doing so based on factors that largely have little to do with crypto. Bitcoin fiat markets are the primary ones, and Ethereum is largely just along for the ride. I think many old-school crypto traders are frustrated by this since it is hard to make sense of price movements, and the developments and news in the crypto-sphere do not immediately impact the price.
Part of this is simply the inevitable maturation of the crypto space. Bitcoin is being taken seriously as a store of value now. That matters and is important. Crypto was built from the ground up to offer shelter and alternative to fiat markets and institutions. We are seeing situations now where crypto is needed and valuable. Brexit, devaluing currencies, governments trying to reduce cash transactions, governments instituting capital controls, manipulating interest rates and monetary supply, etc. The list goes on and on. Crypto is only going to get more important. The value of crypto is being set more based on how people value their fiat currency than how they value the crypto currency.
Now, obviously the fiat/crypto markets are still miniscule in comparison to the normal fiat forex markets. This means that any small change in fiat land can correlate to large swings in crypto land. However, as long as crypto is providing valuable alternative markets in this way, the size of these markets basically has to increase to accomodate more money. New issuance in crypto cannot accomodate this growth, which will inevitably translate into higher prices. How exactly this happens, I have no idea - I expect increasingly large amounts of volatility, possible expansion into other blockchains, etc.
The US Dollar right now is very strong. It is at around 5-20 year highs against almost all major fiat currencies. So I think the fact that Bitcoin is near its all time highs in terms of the dollar is pretty significant. If you think that crypto looks strong right now, wait until the US economy and the US dollar start faltering. This probably some time off yet (years), but crypto has never seen a US (or Chinese) recession. We will not see the true value of crypto as a store of value until such a time. Things could get crazy really, really fast. It is obviously unlikely, but if something like the 2008 financial crisis happened right now, we could easily see crypto valuations go 10x in a short space of time.
Onto more crypto focused things - the current situation.
Bitcoin, the coin we love to hate. It is a store of value and most of the other use cases have fallen by the wayside to preserve this. It plays the role of digital gold very well. Its better than Ethereum at being a store of value because that is what the protocol and development is focused on. It has unrivaled network effects. It has unrivaled hashpower. It has a longer track record. It is the "reserve" crypto currency and enjoys a position not unlike the USD does on the global stage that gives it a stronger position. Most important though, is that like any type of currency, it has value because other people think it does. There is a lot of money invested in the Bitcoin ecosystem, and therefore a lot of people saying it has value. This gives "dumb" money even more confidence in the network. None of these things are likely to change, and as crypto grows in importance, all those things are likely to continue to create value regardless of Segwit or transaction backlogs. Much to the surprise of many (including me), it has proven that it doesn't even need to scale in order to fulfill its primary use case, therefore it is unlikely to take any risks in order to try to transition in that direction.
Ethereum meanwhile has taken on most of the other use cases in the space. Primarily today it is coming to dominate the "asset token" industry, with many other use cases being prototyped. The amount of continuing development across the network is very, very significant but difficult to appreciate from and outside vantage point. From light clients and browsers, to storage and networking. It turns out that a decentralized processor without all those things is not all that useful, but all those things are in working alpha stages and progressing along. Then you also have services like identity and privacy being built that are critical to a huge number of use cases.
So the Ethereum economy seems poised to expand significantly and it is advancing at a rate faster than any of its competitors, but what does that really mean? I kind of think about it in terms of gold and USD economies. The gold economy cannot really expand without a price increase, but the deflationary nature of the asset works against it - people don't like to spend gold and there is enough transactional friction to make it impractical for small purchases, but if the price goes up significantly, they are likely to sell it and take profits. Contrast with the USD, which went off the gold standard specifically to allow for an expansion in the economy and has followed monetary policy to increase GDP rather than value. Bitcoin is more like gold, it will retain its value, but seems unlikely to form the basis for a massive economy due to its deflationary nature and transaction costs. What is Ethereum??? The monetary policy is still a work in progress, but despite the naysayers, it is likely to be very conservative similar to gold/bitcoin. However, with the advent of asset tokens, the Ethereum network can expand its economic activity nearly infinitely without requiring the price of ETH to rise in stride with increased activity. This is somewhat similar to a stock market which represents a large amount of value, but can funtion more or less independently of the underlying fiat values - there is a slightly positive feedback cycle there, but it is unclear how large of an impact that would have on say the price of ETH.
The future of crypto
Now that we seem to have largely proven out decentralization and security, scalability is oviously the next big hurdle.
Bitcoin is likely to take the approach of secondary level systems that handle transactional/application volume and then settle on the Bitcoin chain. The Lightning and Liquid networks, Rootstock, and various other sidechain/drivechain type solutions. These solutions will compete with Ethereum on-chain solutions. They face significant hurdles since they require new networks to run and therefore lose some significant Bitcoin network effects in order to ramp up. They also need Bitcoin protocol improvements in order to interface with and those may conflict with Bitcoin's primary use case as a store of value that will resist any compromises. So they are taking a long time to develop and are still years away from production ready systems, but they have a huge advantage of not needing on-chain scaling to work. I will also say that Bitcoin companies, which have raised billions of dollars over the years face signficant challenges here because their options for monetization are very, very limited, How do you monetize a "store of value" and build a business around that? Most Bitcoin startups were not envisioned to be run like gold trading companies, but that is about all they have to work with until these secondary level systems are in place.
Ethereum is taking the approach to try to scale on-chain. There are significant challenges here, but if successful, it seems likely that this kind of system would be far superior to Bitcoin's secondary level systems, But it also seems like failure to solve these challenges could relegate Ethereum to the crypto scrap heap. There are risks here with moving to a staking model. There are more risks here with moving to a sharded system. Compromises may have to be made in the protocol that will negatively impact the price of ETH. These are things that Ethereum is willing to tackle that Bitcoin never will. Like I said above, Ethereum can increase its economy very, very significantly no matter what the price of ETH is whereas Bitcoin is unable to accomplish the same thing. For investors in the currency, this could be seen as a negative thing and there are a lot of unknowns. However, the long term implications of a successful, dominant crypto-based economy may end up far outweighing the downsides. In a successful Ethereum world, the reserve crypto currency switches from BTC to ETH, and the positive network effects shift as well. If the monetary policy of ETH does not have to be compromised, it may also come to be a superior store of value simply by virtue of those network effects.
I'm surprised you made it to the end ;)
submitted by Savage_X to ethtrader [link] [comments]

Kraken Starts Forex Trading with Nine Fiat Currency Pairs

Kraken Starts Forex Trading with Nine Fiat Currency Pairs submitted by yaztal to Crypto_Currency_News [link] [comments]

Kraken Starts Forex Trading with Nine Fiat Currency Pairs

Kraken Starts Forex Trading with Nine Fiat Currency Pairs submitted by yaztal to Cryptocurrency_Today [link] [comments]

Kraken Starts Forex Trading with Nine Fiat Currency Pairs

Kraken Starts Forex Trading with Nine Fiat Currency Pairs submitted by yaztal to Blockchain_Today [link] [comments]

Kraken Starts Forex Trading with Nine Fiat Currency Pairs

Kraken Starts Forex Trading with Nine Fiat Currency Pairs submitted by yaztal to CryptoNewsReports [link] [comments]

Kraken Starts Forex Trading with Nine Fiat Currency Pairs

Kraken Starts Forex Trading with Nine Fiat Currency Pairs submitted by yaztal to Cryptocurrencies_News [link] [comments]

08-03 21:21 - 'Ever heard of forex? Because it doesn't just exist for crypto, people speculate on "real" fiat currencies as well.' by /u/wg_shill removed from /r/belgium within 13-23min

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Ever heard of forex? Because it doesn't just exist for crypto, people speculate on "real" fiat currencies as well.
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Context Link
Go1dfish undelete link
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Author: wg_shill
submitted by removalbot to removalbot [link] [comments]

You can buy fiat using crypto and trade it directly to Forex broker. Trade For Cheap, low fees, free video tutorials, free seminars and many more.

You can buy fiat using crypto and trade it directly to Forex broker. Trade For Cheap, low fees, free video tutorials, free seminars and many more. submitted by DrewSkyler to Crypto_Talkers [link] [comments]

How does a US citizen sell crypto without it going back to USD?

I did a search for stable EU coins and found none that could be accessible to US citizens? I'm trying to hedge against the risk of falling USD. Are there any stable coins that are non-USD that I have access? Any other solution?
submitted by liutron to CryptoCurrency [link] [comments]

If you dont have the time to trade manually join Zukul, it has trading bots which uses your own money on exchanges never has your funds, has fiat to crypto, crypto to crypto, gold to crypto and binary options trading bots with more to come including a forex bot and an arbitrage bot

submitted by Adebear69 to CryptoTradingFloor [link] [comments]

Trade Forex with the same ease as Crypto trading using Fiat Pegged Assetchains

Komodo Currencies provide ease of use for consumers and merchants alike through blockchain based fiat pegged assets. Use 32 different currencies for your business needs
submitted by YassinKomodo to komodoplatform [link] [comments]

#TRON Is Exposed To Forex Market (100 FX brokers) Via Shift Partnership. $TRX will be bridging the gap between traditional fiat currencies and cryptos. This will increase its liquidity not only the crypto-markets, but also the traditional FX markets. #TRX

#TRON Is Exposed To Forex Market (100 FX brokers) Via Shift Partnership. $TRX will be bridging the gap between traditional fiat currencies and cryptos. This will increase its liquidity not only the crypto-markets, but also the traditional FX markets. #TRX submitted by Ju8SaXnto to TronNews [link] [comments]

Bears

Dash has been consistently declining in price since its heights of around 5-600. Is now a good time to buy dash at the low price or is a steady decline expected
submitted by matt2_00 to dashpay [link] [comments]

Gold standard vs Fiat vs Bitcoin - Truthloader - YouTube GetonGlobal: How to deposit funds - FIAT currency - YouTube Money: The Greatest Scam In History - What Is Money? - YouTube Fiat Currency Meltdown Accelerates as Gold Trades to New ... How Fiat Currency DESTROYS AN ECONOMY! (Shocking Insights ...

Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or ... Coinbase. Coinbase is one of the leading fiat to crypto exchanges for a reason. The company makes it straightforward and simple to exchange your fiat currency for cryptocurrencies. Coinbase is an ideal exchange for beginners because the process is designed to simplify the complicated aspects of cryptocurrencies. The Fiat Currency Fraud Scenario. Basically, fiat currencies could well be considered the biggest forex fraud ever committed on the people of the world as they have now grown to accept virtually worthless pieces of paper in exchange for their labor, instead of assets of real intrinsic value like gold. What is Fiat Money? Fiat money is a currency that lacks intrinsic value and is established as a legal tender by government regulation. Traditionally, currencies Forex Trading - How to Trade the Forex Market Forex trading allows users to capitalize on appreciation and depreciation of different currencies. Forex trading involves buying and selling currency pairs based on each currency's relative ... Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.

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Gold standard vs Fiat vs Bitcoin - Truthloader - YouTube

In this video we will learn how to deposit FIAT currency. For more GetonGlobal tutorials please visit: shorturl.at/kxCQ5 Follow us on Facebook: https://www.f... Over the past 100 years the global money supply has increased dramatically, leading to rising prices, ordinary people forced into heavy borrowing and governm... Money -The Greatest Scam In History - What Is Money? Money As Debt, documentary "Some of the biggest men in the United States, in the field of commerce and m... Subscribe for more truth - https://www.youtube.com/channel/UCY3YrSWvN4xn-6Aw4lkxsAQ Fiat currency inevitably leads to social unrest. 👉ARE YOU PREPARED? 👈 Since 1971 the world has been on a pure fiat currency system so we can thank fiat curre...

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