Bitcoin Vs Fiat Currency
There Can Be Only One
Bitcoin is made from nothing, false it currently costs about $1000 in technology and power to create 1 bitcoin. Fiat is printed by a central bank at almost no cost, fiat currencies are debt-based claims on future profits. Bitcoin is mostly use for illegal things, like drugs, guns and money laundering. Really... and no one uses fiat currency for any of that?
What I never get tired of hearing is that it's too late to get into it, or that bitcoin is in a bubble. What if fiat currencies are actually in a state of hyperinflation compared to bitcoin and other crypto currencies? Those people like the banksters that keep dismissing bitcoin are missing the point. The high price in bitcoin is evidence of the lack of trust in the banking system and the free money they keep printing.
"Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the blockchain, or you did not care enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else." - John McAfee
I just quickly wanted to touch on the recent launch of bitcoin futures. Most of what I'm reading out there is that it is a way to manipulate the bitcoin market, in my humble opinion, all that it's going to do is give bitcoin free advertising. Why trade futures when you can just by bitcoin?
"Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be stopped. No government will ever support a virtual currency that goes around borders and doesn't have the same controls. It's not going to happen." - Jamie Dimon
Thanks for popping in, hope you liked the post. Please leave me your thoughts and or opinions in the comments below, have a beautiful day.
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they will be crying when we buy our tenth house!
i think after bitcoin reaches its full potential..... people will start shifting to low cap alt coins and i think they will go fr currencies like dash zcash other than developer platform currencies making these currencies gud long term investments... better switch b4 dis happens
Yeah I'm with you on that, the alt coins are going to the moon, no doubting that.
This is a very informative article! I was actually able to understand most of what you said after taking multiple economics courses. My class and I are currently studying cryptocurrency and are undertaking a project through the use of Steemit! You should go check it out! @shsibecon
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