Will bitcoin be the future global currency?
From my point of view bitcoin is defined as the non regulated currency in the world but it regulates us in various different ways like investment, future plannings, losses and profits.
It's basically fluctutes on market if any havoc creates within the market its price suddenly goes down that's will be the loss if any good news comes then price increases suddenly.
Huge volume traders (whales) know when to buy and sell their bitcoin but they acts smartly, they were always in profit.
We people or known as humans do lose our patience easily and we invest at higher price but about 60% people lose their money because of price drop.
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This is truely a game of graphs and line where we have to keep a record how to invest and trade at a perfect time.
I want to share a great technique(when everybody buy you sell and when everybody sell you buy)
Every country where btc is legal tender, atm's were established to buy and sell. These machines are very handy and anyone can use them easily. You can also transfer as a money instantly. It is more secured then paper or plastic currency.
There's probably ZERO chance for BitCoin to be global currency.
There's a lot of problems with BitCoin and cryptocurrency in general.
-Not stable currency (no businessman would take it for real if there's a huge chance he'll lose plenty in few minutes)
-Even BitCoin founders get out of it and created new kind of BitCoins (BitCoin Cash, BitCoin Private)
-Huge players have no interest at it anymore. They were buying when it was very cheap, than boosted it's price trough media, got rich and went out. They'll never return at it since it's not profitable for them anymore,
-Banks and governments have no interest in it at all,
-Most people see it as a shady business,
-No one stands behind it anymore (at least no one big who can push it and lobby for it)
To implement bitcoin, everybody should be responsible for their own losses and profits. Nobody want loss. Government creates a fake fud which is not good for bitcoin future. But its a great technology called blockchain.
Blockchain is great technology, but bitcoin has it's negative sides.
And in all this bitcoin euphoria a lot of people earned very well with bitcoins, but in order for them to earn, others had to lose that same amount of money...
Sir, when someone follow a trend, there were many ups and down. But this technology is very good for people who have low paid jobs. They have to invest small amount of money, to gain big.
In theory yes...in reality not really.
Never forget that in order for 1 person to earn X amount of money, 1 or more persons have to lose it.
Bitcoin was good way to earn with small amount invested...but only in the early stage when the price was $1 and than sold at $10k+ but buying it today, for $6k hoping it will go to 100k or more is insane...
But, if you love bitcoins and earning with it, I may have proposal for you.
I can sell you 50k bitcoins ~5% under price. Token by token. You buy under price and sell for full price...Interested?
No not now. Currently i am under saturation neither loss nor profit. When i will earn some then i will.
To the question in your title, my Magic 8-Ball says:
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I appreciate your answer but may i know justified reason
I appreciate
Your answer but may i know
Justified reason
- ayushc
I'm a bot. I detect haiku.
Hallo Bro , Yur Post Is Very Knowledgeble , I Hope You Give another Best Post In Future On Bitcoin , what You think That when Btc Grow ? I hpoe you comments On My Post
It will take some time.If you have seen trend line of bitcoin these dips were common and have a defined pattern
ayushc Bro , You are Very good Work On Steemit , I Hope Your Next Post Is Also good