The Currency Analytics
By Maheen Hernandez
Bitcoin (BTC) Mass Adoption and Volatility
Someone stated that Bitcoin is the strange game where the only winning move is to play. Some of them who responded to this statement expressed that by playing you are…
There are thinkers who feel, why would someone get into Bitcoin if there's already massive whales that have done nothing in terms of job creation or product development/invention?
For all practical reasons, the winning move is to Hodl. And, unless your coins are in cold storage they can all magically disappear is a warning
Yet other clarifications have to state that Bitcoin as an asset class is like any other, you lose or you earn. As technology follows Hype Cycle.
Still Believers in Bitcoin state that first they laugh and then they learn. In response to a statement which claimed that Bitcoin is overbought, someone felt that it was a funny…
Some new entrants continue to ponder on basics like how would Bitcoin be able to be used as a currency that replaces what we have if it is so volatile?
In this regard, crypto expert tweeted: “Bitcoin (BTC) is indeed under bought and even if the hype is set aside, it should be bought even better.”
Some of them hope that the volatility will decrease with Adoption. However, for this to happen mass adoption should be in place and when BTC does not scale well, there will be no…