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The future of Crypto

smith_fx
Jul 17 2019 at 05:15
33帖子
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帖子
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帖子
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帖子
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帖子
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帖子
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帖子
On many crypto news sites I have also seen around 4 million BTC lost already!

vontogr (togr)
Jul 22 2019 at 10:31
4862帖子
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帖子
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
947帖子
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!

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