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Why Bitcoin is so volatile?

post #1 of 9
Thread Starter 
Why bitcoin price movement is always volatile?
Edited by digitalpro1 - 3/3/14 at 2:46pm
post #2 of 9
Quote:
Originally Posted by digitalpro1 View Post

Digital currency NoFiatCoin | XNF www.nofiatcoin.com can be redeemed for actual gold and silver coins.

It is indeed is a first digital currency backed by bullion. NOFIATCOIN–XNF has already created a buzz in the digital currency market place and I am quite excited about it. Currency is traded on Ripple network which is the fastest and robust currency network.

At the moment XNF looks very promising as it is secure. Is XNF a threat to existing digital currencies around without any backup?


for this to be backed up by gold, they would have to be running and XNF/GOLD exchange? are they planning to do that?
post #3 of 9
Thread Starter 
May be may be not
Edited by digitalpro1 - 3/3/14 at 2:47pm
post #4 of 9
not sure if serious... wth.gifph34r2.gif
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post #5 of 9
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....
Edited by digitalpro1 - 3/3/14 at 3:11pm
post #6 of 9
Wow very good idea. I really like it because it stands out as a coin in the market of garbage fiat cryptos. A lot of aspects of it seem shady though like how the gold gets exchanged and trusting the particular address from ripple. Also, would people be buying XNF with gold? How would that work. Seems like it would need an active flow of bullion to work. But digitalpro, are you affiliated with them?

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post #7 of 9
Thread Starter 
...
Edited by digitalpro1 - 3/3/14 at 3:11pm
post #8 of 9
Quote:
Originally Posted by digitalpro1 View Post

Why don;t you check yourself- www.nofiatcoin.com.

Would appreciate if you contribute something to evaluate XNF. May just some positives and negatives you think about it?

Positives of XNF

Low priced
Bullion Backing
Multiple exchange options
Trading on Ripple

Negatives of XNF:

New digital currency
post #9 of 9
Quote:
Originally Posted by Namwons View Post

for this to be backed up by gold, they would have to be running and XNF/GOLD exchange? are they planning to do that?

There is no exchange running but as per the website people have to submit a request to them to get bullion delivered to them at their address. But not getting who will determine the price of gold/silver? What if people get less valuable bullion than the market price of bullion?
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