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The future of Crypto

smith_fx
Jul 17 2019 at 05:15
33 posts
Molly141 posted:
Does Crypto have a future?

Crptocurrency is the most exciting currency of the 21st century. Cryptocurrency and bitcoin specifically is taking over the world. As far as its future is concerned i think it has a bright future ahead. The growing demand for cryptocurrency is one reason for a great future ahead. They are making the world move towards a digital currency . The future of crpto accounting may be complex but technology has opened a new opportunity to solve the challenges of various industries.
 In near furture , cryptos might be the standard acceptable means of transacting. They will replace the fiat currency in near future.So , i believe that cryptocurrency will rise in future.
vontogr (togr)
Jul 17 2019 at 06:58
4862 posts
smith_fx posted:
Molly141 posted:
Does Crypto have a future?

Crptocurrency is the most exciting currency of the 21st century. Cryptocurrency and bitcoin specifically is taking over the world. As far as its future is concerned i think it has a bright future ahead. The growing demand for cryptocurrency is one reason for a great future ahead. They are making the world move towards a digital currency . The future of crpto accounting may be complex but technology has opened a new opportunity to solve the challenges of various industries.
 In near furture , cryptos might be the standard acceptable means of transacting. They will replace the fiat currency in near future.So , i believe that cryptocurrency will rise in future.

It will indeed.
For example take Iran. They hate USA and yet they have to support petro dolar by trading oil for USD.
Imagine thay would use crypto for trading oil.
Transactions would become fast, safe, international and NOT regulated by any dominant power.
Bansheedo
Jul 17 2019 at 09:32
10 posts
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product
vontogr (togr)
Jul 17 2019 at 09:59
4862 posts
Bansheedo posted:
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product

Crypto will remain volatile. It is due its own nature. But after each drop there is period of crazy growth.
On the other hand it is asset like gold, its amount is limited and thus opposite the fiat money its value will grow.
Fiat money are printed out of thin air decreasing its value on purpose.
Why? Because goverments are heavily indebted and that way they decrease the value of such debts.
AmDiab
Jul 21 2019 at 13:50
718 posts
togr posted:
Bansheedo posted:
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product

Crypto will remain volatile. It is due its own nature. But after each drop there is period of crazy growth.
On the other hand it is asset like gold, its amount is limited and thus opposite the fiat money its value will grow.
Fiat money are printed out of thin air decreasing its value on purpose.
Why? Because goverments are heavily indebted and that way they decrease the value of such debts.

You are absolutely right! The maximum number of BTC is around 21 Million (17 Million in reality)! So, the supply is limited.
vontogr (togr)
Jul 22 2019 at 06:46
4862 posts
AmDiab posted:
togr posted:
Bansheedo posted:
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product

Crypto will remain volatile. It is due its own nature. But after each drop there is period of crazy growth.
On the other hand it is asset like gold, its amount is limited and thus opposite the fiat money its value will grow.
Fiat money are printed out of thin air decreasing its value on purpose.
Why? Because goverments are heavily indebted and that way they decrease the value of such debts.

You are absolutely right! The maximum number of BTC is around 21 Million (17 Million in reality)! So, the supply is limited.

Not counting that huge part of total supply is considered as lost.
AniLorak
Jul 22 2019 at 08:55
920 posts
On many crypto news sites I have also seen around 4 million BTC lost already!
vontogr (togr)
Jul 22 2019 at 10:31
4862 posts
Imagine 20 millions BTC (all btcs available rounded) for 10 billions of people (all people on earth in near future rounded.
Average owner would posses 20,000,000 / 10,000,000,000 = 0.002 BTC. Today it does not mean anything but once such small amount would be average amount hold by one person.

So if we take it like monthly sallarry lets say $2000
0.002 BTC = $2000
1 BTC = $1,000,000

Imagine that. :)
Mulberry
Jul 22 2019 at 12:58
11 posts
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing
Adribaasmet
Jul 22 2019 at 14:42
994 posts
Mulberry posted:
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing

Bitcoin is the mother of crypto currency and it will be!
vontogr (togr)
Jul 24 2019 at 11:57
4862 posts
Mulberry posted:
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing

That is highly unlikely, there are already coins with fast transfers with minimal costs, like BNB.
Yet it is true its value is rising but it is correlated to BTC price.
I always prefer to diversify the risk so yes it is good idea to hodl the portfolio of coins like BTC, ETH, XRP ,BNB.
AmDiab
Jul 28 2019 at 11:30
718 posts
togr posted:
Mulberry posted:
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing

That is highly unlikely, there are already coins with fast transfers with minimal costs, like BNB.
Yet it is true its value is rising but it is correlated to BTC price.
I always prefer to diversify the risk so yes it is good idea to hodl the portfolio of coins like BTC, ETH, XRP ,BNB.

I also like BNB; because the total supply is very limited and the use case is huge!
Adribaasmet
Jul 29 2019 at 05:42
994 posts
Maybe; but I see; there have enough numbers of new coins with enough potential as like Wave, Vechain etc!
vontogr (togr)
Aug 28 2019 at 12:33
4862 posts
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000
AmDiab
Aug 28 2019 at 16:14
718 posts
togr posted:
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000

40K would be really great! The future is really bright; but what’s the duration (for 40K)?
marco_mmbiz
Aug 29 2019 at 06:03
368 posts
AmDiab posted:
togr posted:
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000

40K would be really great! The future is really bright; but what’s the duration (for 40K)?

Maybe until the end of 2020 I'd say.
patience is the key
vontogr (togr)
Aug 29 2019 at 06:49
4862 posts
AmDiab posted:
togr posted:
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000

40K would be really great! The future is really bright; but what’s the duration (for 40K)?
I suppose about a year, it is hard to predict as BTC is able to jump 50% in 5 days
flashoutline
Aug 29 2019 at 09:59
11 posts
What makes you think $40,000 is a potential target? is that based on some kind of cost to mine data?
vontogr (togr)
Aug 29 2019 at 10:24
4862 posts
flashoutline posted:
What makes you think $40,000 is a potential target? is that based on some kind of cost to mine data?

You are welcome to post your estimation if you think to sdo it bvetter.
AmDiab
Aug 29 2019 at 16:10
718 posts
flashoutline posted:
What makes you think $40,000 is a potential target? is that based on some kind of cost to mine data?

Maybe Bitcoin fomo; but no doubt after the upcoming Bitcoin Halving; the price will be crazy as like 2017!
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