Trader CRS_REZASOLTANI — Trading Ideas & Charts — TradingView

What would happen if sovereign governments gave bitcoin a gold peg?

This is a totally theoretical post, but I believe it is a really interesting idea and would love to get the Internet's feedback on it, and what you think the ripple effects would be in the scenario described. Am very interested in writing this up and republishing it widely so it can be read by monetary policymakers in all major developed countries - if you know anyone like that, pass it on. In a move that would act like a bridge to a pre-Bretton Woods type of gold peg, (here is a great paper on a history of this in the US: sovereign governments with gold holdings could (again, it is a theoretical idea - I am saying they COULD do this NOT that anyone or any country is doing this that I know of) establish open market operations to purchase bitcoins (partly as a diversification strategy) using their physical gold holdings at a fixed peg rate of 5 ounces per bitcoin. The reason I say 5 is because the current chart here seems to suggest that somewhat of a convergence to 5 oz is already occurring:
If any government did this and offered to buy physically delivered bitcoins from private holders of bitcoin (no other coins just BTC) in exchange for private delivery of physical gold, then the standard governmental unit of physical gold (held in places like Fort Knox) - known as the Good Delivery Bar which is 400oz of gold - could be procured by any holder of 80 or more coins in a secure and sanctioned exchange with the government in question - the most impactful of course would be if the US did this.
My theory is that any time the exchange rate mechanisms in the forex or crypto markets violated the peg, there would be arbitrage opportunities that would bring the peg back in line. It would not only stabilize BTC, but the stabilization might spread via the 24/7 exchange rate mechanism in the crypto market to stabilize many cryptos that are still somewhat worthy experimental stores of value. Depending on the strength, credit, and depth of gold holdings of whatever governments engaged in this, it would seem that such a strategy could transform bitcoin into a new type of sound money, and also signal that owning bitcoin and gold is a priority of governments as well as their citizens. The gold standard was powerful both because it was tethered to something of limited quantity in the earth's crust with unique properties, but also because pre-Bretton Woods gold standards acted very much like a peg - and the government honored the peg no matter what. So in some sense it was still the "faith and credit of the government" that made that peg work so famously. I was partly inspired by this recent award-winning documentary in formulating this idea, and partly by my own academic interest in cryptocurrency. I believe bitcoin, above all others, because of its deflationary nature and algorithmically fixed quantity, is powerful all in itself - but with a peg from a real government to a real precious metal that many governments do in fact hoard (for whatever reason) - it could become both an international currency, and a form of truly sound money backed by governments' physical gold reserves and a legal or policy commitment to a peg of 5 ounces to 1 bitcoin.
What do you all think would happen if a major government or many major governments did this? Remember the idea is to convince monetary policymakers in governments to willingly and openly bypass completely the fiat currencies of their governments and to make no informational commitment to those free-floating fiat markets for forex - so the bitcoins transacted for in the peg wouldn't be bought with dollars or yen or anything that could be printed by fiat. This would simply be a convertibility guarantee by major governments that 1 bitcoin, transferred to the Treasury by a private citizen or business (again so the Treasury could diversify holdings of sound money), would be convertible and be guaranteed to be convertible to 5 oz of physical, deliverable gold bullion (or 80 bitcoins per bar). Here is a list of the largest physical gold holders on earth who could theoretically engage in this type of operation:
Thanks Reddit! Looking forward to your thoughts!
Alex Kaufman
submitted by emersonian85 to Bitcoin [link] [comments]

Video Live Trade Cara Analisis Tepat Guna SNR + CRS The ONLY Forex Trading Video You Will EVER Need - YouTube OHLC CRS Forex Trader  Why I Trade 5 Min Charts CRS Bearish Engulfing dan 5 Cara Entry Terbaik Dalam Forex ... 5 Cara Entry Terbaik Dalam Forex Trading  CRS Bearish Engulfing Candlestick Charts For Beginners (The Ultimate Trading ...

~Welcome to Synergy CRS~ I have been working on a new system I've developed and to see if any of the coders extraordinaire wanted to have a challenge in coding this monster. The method was constructed using a few basic fundamentals of the strategies I had developed on FF and from a few other threads that had peaked my interest from a long time ago, the SRDC I and the Indicator Free trading ... Trading Station's charts are easy to access and simple to navigate. In this video, we should you how to get the charts you need . To create a chart, click on this button at the top of the platform. Select the currency pair, the time period, which tells you how much data is represented by each point on the chart, and the desired time range. Selecting "Open within the Trading Station" will open ... CSR has a big up candle today amongst the doom and gloom of overall pullback in markets in last couple of days. The Volume is not 150% more than average so I think it will be short lived. Forex charts is a new instrument of modern trader due to which technical analysis becomes even more understandable. If you have an access to Forex charts, you can easily get all the necessary information for Forex trading online, keeping up with the latest market trends. Forex chart quotes are updated online on all major pairs, goods, commodities, primary products, energy resources, and ... CSR Chart - ein übersichtlicher, großer Chart der CSR Aktie. Einstellbar sind verschiedene Zeiträume, Charttypen und Indikatoren. Charts, forecasts and trading ideas from trader CRS_REZASOLTANI. Get unique market insights from the largest community of active traders and investors. CRS-is one of the components of-XME. The strength of this chart speaks for itself - It is one of the metals stocks which is contributing to the strength in-XME. XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis...

[index] [1584] [14696] [3712] [2231] [6711] [27663] [625] [12295] [27498] [13642]

Video Live Trade Cara Analisis Tepat Guna SNR + CRS This video explains why I love 5 min charts the best. I go through the psychology of why I prefer this timeframe over others and how you... Candlestick charts: ... CRS Bearish Engulfing dan 5 Cara Entry Terbaik Dalam Forex Trading - Duration: 8:09. TFS Price Action Trading 45,026 views. 8:09. Forex Trading: 4 Hour Time Frame Winning ... The ONLY Forex Trading Video You Will EVER NeedTHIS QUICK TEST WILL HELP YOU BECOME FINANCIALLY FREETake it HERE: https://discover.tiersoffreedom.comTo join my ... Discover how to read candlestick charts like a professional trader even if you have zero trading experience. **SUBSCRIBE TO RAYNER'S YOUTUBE CHANNEL NOW** ht... Terima kasih atas kesetiaan anda. Lama dah tak upload video baru. Maaf sebab sibuk dengan rebranding & siapkan panduan terbaru kami yang diberi judul TFS PRI... semoga video ini bermanfaat. Live Trade Naked Chart Forex Trading Candlestick Breakout & SNR EUR/USD Khalid Hamid TFS - Duration: 4:08. TFS Price Action Trading 75,936 views 5 Cara Entry terbaik dalam Forex Trading menggunakan CRS Bearish Engulfing. Khalid Hamid melalui TFS PAT memberikan kepada anda 5 cara entry terbaik dalam Forex Trading. Jika anda berminat untuk ...