Most of cryptocurrencies are bound to USD

I tried buying various cryptocurrencies but never succeeded, specially in last 2 days i have been trying to buy Ripple but in vain. Where-ever i go i cannot find any site or exchange offering to use credit card in exchange for some sweet coins. All the major exchanges only take US customers and even most of them are under high user surge and pretty nonfunctional. This leaves the non-US crypto aspirers out of the game. I tried everywhere; forums, reddit, official websites, exchanges, even shady gambling sites and faucets but none has slightly rewarded me. I don't own even a single crypto currency.

This makes me think that majority of crypto currency is only circulated in the US market. Ok i guess some in Europe also because there are some country specific exchanges in Europe also. I don't know why China is mentioned in a lot of cryptocurrency related articles.

So much for a truly decentralized economy/finance/payment system where majority of coins flows out of majority of peoples reach.
What i see currently is the currency being treated like a stock market index or trade-able share which the "investors" are "holding". This is the reason why we are seeing the so called bitcoin price hikes as no one is selling. But the main limitation is the non globalization of the technology for average Joe. If it were truly decentralized it would become a nuisance for the governments and banks and a blessing to the people but rather it has become a get rich scheme of the people getting "in" on the pre-ICO time or closely related to the project.

I might be wrong in some of my opinions but not all.

Sort:  

Congratulations @jawad.ahmed, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.


Thumbs up for Steem Network´s strategy

The proven road to boost your personal success in this amazing Steem Network

Do you already know that awesome content will get great profits by following these simple steps, that have been worked out by experts?

Congratulations @jawad.ahmed! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @jawad.ahmed! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @jawad.ahmed! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.09
TRX 0.32
JST 0.033
BTC 109098.51
ETH 3846.71
USDT 1.00
SBD 0.61