There is a very basic question. ‘What are the investment fundamentals that make Bitcoin, or indeed any cryptocurrency an attractive place to put your money’?
Not on its own. The difference between BTC and traditional stocks is that BTC isn’t a product or service. We need people to start building products. On top of Bitcoin if we want to see a substantial spike in value.
What products are built on top of the dollar? Well, Bitcoin will replace the dollar, the job is done.
The dollar is backed up by the US economy. A currency in modern days is fiduciary. The biggest economy in the world, I guess is a huge product.
From the beginning, the crypto community has been rotten, with offshore illicit exchanges and people taking money from them. Illegal exchanges steal customers’ gold, invest it in mining, pump it and sell it out. Regulatory officials and politicians have also been bribed.
Well, this question should be answered by people who are knowledgeable. This is about the bitcoin technology that will replace the dollar one day.
It’s a hope for freedom, and the ability to do business with anyone in the world without asking permission first. Bitcoin is hope for people who have been financially marginalized in all parts of the world.
While Bitcoin and other cryptocurrencies have the potential to provide financial access and inclusion to a greater extent than traditional currencies tomorrow a sufficiently powerful quantum computer will be able to break all cryptography algorithms and decipher our messages. To counter this threat, developing post-quantum encryption technologies is a strategic issue. And here we are.
Focus on your BTC use cases and adoption, less on competitors. It looks desperate.
A world where only one kind of money is a choice is not great. Reality is that everyone will promote what they hold or buy. Bitcoin started as the first cryptocurrency and is a cryptocurrency. There are many cryptocurrencies in the market.
Being a bitcoin, Maxi is associated with some degree or another of childhood trauma. That’s all.
Not enough support. That has always been the problem. Can’t prop it up forever especially without regulation bringing in global retail.
The exchanges were speculating on an already speculative asset. Bitcoin is not an investment grade asset; it is no better than a Casino token. You can try and justify the coin but in reality, it has zero value.
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A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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