There are plenty of scenarios which can happen with cryptocurrency in future. One can allege that in future crypto will replace all the national currencies which we have nowadays, however the vast majority of people don't believe in such economical metamorphosis, because even gradual transformation of dollar into btc for example, will strongly affect domestic and world economies. I believe that economies will not bear such metamorphosis, nevertheless it still remains as one of the possible scnarios in future. The time will show it, maybe it will be the only way to decrease the influence of crypto as we have nowadays.
I think that nothing bad will happen to cryptos. Some pessimists say that cryptos have no value and they are bound to disappear as any market buble. I don’t share this point of view. First, I would like to say a couple of words about value. I think that today commodities only have real value. The rest is represented by various derivatives and fiat money. You know fiat money is actively printed and it greatly contributes to inflation. Long gone times when money was associated with something real or to be exact with something that had real value such as gold or silver. You probably know that earlier money was backed by gold. Later governments decided to terminate that relationship and money became papers. In this regard, crypto don’t seem so bad. Perhaps, a lack of regulation and support by the government is the only “sin” of cryptocurrency. In other regards cryptocurrency dares to compete with fiat money. Why not? You see that people hold cryptos on their crypto wallets, exchange this stuff for fiat money and use cryptos to pay for products and services online. So, I think that it’s already too late to ban cryptos. They will remain. Perhaps, they will become regulated but I think it will not happen soon.
Two weeks ago I invested in YoFarm, which is the native crypto currency on Yobit. By providing liquidity it has been paying me about 1-2% daily, which is over 365% APY and is nice income. Yobit has been around since 2014. What are you thoughts?
Man, considering the way crypto has evolved over the past two years, I think most of our thesis regarding this market isn't good anymore. What annoys me the most are people who keep on asking if crypto has any future. Man, bitcoin reached the level of 60.000 dollars during the past year, and you are still doubting it? Seriously? Besides that, some people don't understand that crypto is not only about Bitcoin. Many other altcoins are worth it.
Cryptocurrency is definitely here to stay as it is backed by Blockchain Technology. It is the future. But it is unlikely that the currency will be directly used in day to day transactions. Rather, it will be used to store value. It will be used for trading, but the actual transactions would happen in a regular currency...
Commonition posted: Cryptocurrency is definitely here to stay as it is backed by Blockchain Technology. It is the future. But it is unlikely that the currency will be directly used in day to day transactions. Rather, it will be used to store value. It will be used for trading, but the actual transactions would happen in a regular currency...
I don't mind this. After all we don't use gold to pay but we use it as a store of value. 😉
The future of crypto currency is bright. Most of the big players in the tech industry are exploring the possibility of using Bitcoin as an alternative payment method or as an add-on to their current payment system. In the future, you will see Bitcoin accepted in stores and other places, no differently than using a credit or debit card.
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