Facebook and Telegram Are Kicking Things Up
It seems like just two years ago we have hundreds of new ICOs launch. Could we be repeating that here later this year?
However instead of no name brands these will have titles such as Facebook and Telegram and I am sure many others to soon follow.
What could this do to the markets and bitcoin ?
On one hand it seems like if every major company launches their own coin or stable coin there will be a large amount of "cash" in the cryptocurrency sphere. But the real question will be if those could be traded on exchanges into bitcoin and other major currency.
If not then it could honestly crash bitcoin to levels we saw 3-5 years ago of about $300 - $800
However if it can be we might see bitcoin actually start t become that solid platform in which everything else is based off of which creates the store of value.
What are you thoughts on these new coins coming out? Will you be using/investing in them?
I would use all of the coins earned from them to put into decentralized ones. Bitcoin and others offer us the opportunity for monetary sovereignty which is the number one reason it will be the best options always.
Posted using Partiko iOS
I hope that's a possibility I have a feeling that exchanges might not allow it and they would want to put a monopoly on it. I mean they are corporations, just like banks didn't want to give up their authority to ripple XRP the same thing would happen for all these other coins they would be centralizes and non tradable unless on their site.
can you please explain your reasoning as to why more stable coins would drive BTC down to $300? There is a gap that needs to be filled in.
There is only so much money in the world. If another system such as Facebook uses a stable coin it means people will simply exchange dollars for Facebooks stable coin. That money wont ever touch Bitcoin or be traded for bitcoin. This then leads us to less usage of bitcoin as Facebooks etc sable coins replace the transactions.
I’ll mostly be sticking to Steem 💪 grow my investments with engagement 😎
Posted using Partiko iOS
Been thinking about bulk buying it myself. I was not expecting the climb we just had wondering if its going to go back to around 30 cents here or if now is the time!
So hard to speculate but I don’t imagine it going much lower 🤔
Posted using Partiko iOS
What a pessimist view, bitcoin don't need those central coin to keep going.
Posted using Partiko Android
Would it not hamper it's growth if Bitcoin could not be traded for these coins and they have high value/transactions taking place? The view here is not pessimistic it is the same or a possiblity of massive growth if btc can be traded for these coins
Posted using Partiko Android
Do you think this coin will be in the category of STO because is in a regulated market already?
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