RE: Wharton Dean: Dimon Mindset Is Wrong, Cryptos Mean "The End Of Money As We've Known It"
@zer0hedge...bro Crypto futures are just online investment and some of gambling. Not all coins but only some coins ..we already saw a bitconnect..present in market day by day lot of new coins came.. I think that message is pretty clear. But people going long could be siphoning capital away from actual Crypto purchases.The issue is that as BTC tries to survive, the cost of using BTC goes up which lowers it's value. Lower value reduces demand and value falls. BTC is consuming itself: operating cost going up while value is going down. No way to stop the cycle. Crypto 2.0 might solve the problem, I don't pay attention, but BTC can't escape.Crypto and Gold follow the same principle.If Gold was not diluted by the quantity of paper gold, its price would be north of the current price. People will not buy gold if they receive the paper gold. They want physical gold.You can not dilute the total of BTC. It's about 20 Millions BTC coins. It will stay that way; thus, the price will go up. Thank you for sharing info with us ...
Why would buying futures be gambling ? Also I think people fully realize that BTC wont be able to compete as the "digital currency", there a lot better and faster coins (like Steem), people buy BTC because it has the first mover advantage and has proven to be areliable source of value.
Also even with 15-30$ fees BTC is a lot cheaper than most international transactions.
Not all coins bro..present in market day by day lot of new coins will come and already came...only few of them are trusted like top coins in a market like bitcoin and ethurium so and soo..we already saw a bitconnect closes trading..i said based on that only..i am also trusted and want to invest in some cryptos
It would be a good investment to invest in top coins, 3.0 blockchain, scalable and fast - that is the future.
Yeah yes bro..up and downs are common in cryptocurrencies market..definatley it will be grow very high and cryptocurrency rocks the future...and every one got profits who invest earlyer..
Yeah bro I agree ,crypto features are just online investment.