This is a very interesting article on #bitcoin. While very wary of #cryptocurrencies myself, I had assumed that Bitcoin, or at least digital currencies in general were the way of the future. I had no idea of the technical limitations of bitcoin or of its inability to be scalable. This is a whole new facet that should be carefully considered before investing. $BITCOMP
You are correct. Billions at least. I don't expect #cryptocurrencies to displace the dollar any time soon foro all the reasons you mentioned, but I see it being an alternate currency that isn't going anywhere
"I don’t expect that #cryptocurrency in any of its current forms will survive because they don’t offer anything particularly useful compared to traditional money."
@[Michael Ashton](user:12172), great article and I agree with everything you said, though you forgot one point with your quote above. #Cryptocurrencies like #bitcoin do offer one extremely useful benefit over traditional money. It's untraceable. Criminals and those who wish to hide their activities will pump millions into crypto currencies for this very reason alone. $BITCOMP
Thank you @[Nathan Feifel](user:56139). While I find #bitcoin and #cryptocurrencies intriguing, I've always found them somewhat confusing. Thanks for clarifying for us older folk.
Don't forget the criminal element. #CryptoCurrencies have been a huge boon to them. They pump billions into #bitcoin and other cryptos since it is untraceable. $BITCOMP
Sadly, this is not about gold as much as the US dollar that is collapsing to most everything, especially #cryptocurrencies. #MonetaryPolicy in the US has been atrocious and there is growing disinterest in the dollar due to it's geopolitical, potential trade wars, and fiscal policies now too. The run up in stocks is actually partially due to a growing unease about inflation.
I don't see inflation yet, however, if the dollar keeps falling it will happen even if there is zero growth in the US, making stagflation a possibility.
Volatility in Bitcoin and #cryptocurrencies is bound to happen. This is a new form of currency that people are starting to use, however there is a lot of uncertainty that surrounds it. This results in the instability of the currency!
Although #cryptocurrencies seem to fluctuate a lot, I feel as if it will take one drop, and eventually work its way to being one of the currencies of the future. $BITCOMP
When Someone Asks, 'Should I Own Bitcoin?'
This is a very interesting article on #bitcoin. While very wary of #cryptocurrencies myself, I had assumed that Bitcoin, or at least digital currencies in general were the way of the future. I had no idea of the technical limitations of bitcoin or of its inability to be scalable. This is a whole new facet that should be carefully considered before investing. $BITCOMP
Higher Wages: Good for You, Not Good for Stocks
You are correct. Billions at least. I don't expect #cryptocurrencies to displace the dollar any time soon foro all the reasons you mentioned, but I see it being an alternate currency that isn't going anywhere
Higher Wages: Good for You, Not Good for Stocks
"I don’t expect that #cryptocurrency in any of its current forms will survive because they don’t offer anything particularly useful compared to traditional money."
@[Michael Ashton](user:12172), great article and I agree with everything you said, though you forgot one point with your quote above. #Cryptocurrencies like #bitcoin do offer one extremely useful benefit over traditional money. It's untraceable. Criminals and those who wish to hide their activities will pump millions into crypto currencies for this very reason alone. $BITCOMP
What Bitcoin’s Recent Wild Stretch Means For Other Cryptocurrencies
Thank you @[Nathan Feifel](user:56139). While I find #bitcoin and #cryptocurrencies intriguing, I've always found them somewhat confusing. Thanks for clarifying for us older folk.
Bitcoin Value Death Spiral
Don't forget the criminal element. #CryptoCurrencies have been a huge boon to them. They pump billions into #bitcoin and other cryptos since it is untraceable. $BITCOMP
Gold - Breaking Above 6-Year Falling Resistance
Sadly, this is not about gold as much as the US dollar that is collapsing to most everything, especially #cryptocurrencies. #MonetaryPolicy in the US has been atrocious and there is growing disinterest in the dollar due to it's geopolitical, potential trade wars, and fiscal policies now too. The run up in stocks is actually partially due to a growing unease about inflation.
I don't see inflation yet, however, if the dollar keeps falling it will happen even if there is zero growth in the US, making stagflation a possibility.
7 Things Investors Have To Know About The Upcoming Bitcoin Fork
Volatility in Bitcoin and #cryptocurrencies is bound to happen. This is a new form of currency that people are starting to use, however there is a lot of uncertainty that surrounds it. This results in the instability of the currency!
Cryptocurrency: Sharp Rebounds Continue But Risks Remain
Although #cryptocurrencies seem to fluctuate a lot, I feel as if it will take one drop, and eventually work its way to being one of the currencies of the future. $BITCOMP