Banks VS Cryptocurrencies
Hello Steemit Community!
We all know crypto have potential to disrupt all the finantial space and potential kill banks bussiness, in theory is very possible but it needs alot of variables to be perfect align to be able to work. I found a interesting infographic that compares the market cap of the biggest banks and the cryptocurrency market.
Banks starting to admit blockchain and cryptocurrency has potential to disrupt their bussiness:
https://www.coindesk.com/us-regional-banks-begin-cite-crypto-business-risk/
In my opinion i don't see bitcoin or other cryptocurrency replace banks mainstream, i wish that could happen but banks and countries like to control the money and will do everything to keep that way but i also believe we will see evolution of the finantial system and people will be more empowered and have better conditions.
I suggest you check out the CryptoCurrencies section in the website HowMuch.net
What you think about it?
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Finally some good news in this boring market. I have sold my BNB coins in 100% profit. Now, many of crypto lovers will say to me that we should hodl for long as it has great future. So, I have taken the profit and will wait for next dump and buy again. Loving this market.
Is important to control losses and control gains, when a coin gets a big pump is worth to take atleast some profits, that way you are assuring some profits and potential get more cheaper and at the same time ride a parabolic price rise too, is a win/win situation in my opinion and more easily controlled. One strategy alot of investors do is when a coin gets pumped crazy or is a ICO that give insane 2/3x returns they take the initial investment and let the rest ride, that way you are only playing with profit and you dont get too emotional attached
Thanks for the comment
Decentralized cryptocurrencies like Bitcoin and Ethereum have strong advantages over centralized financial systems, primarily because of their ability to function and operate without a single point of failure, which the hackers and bad actors can target.On Feb. 19, Jameson Lopp, the lead engineer at multi-signature Blockchain security firm BitGo, noted that during a holiday in the US, local banks closed down, failing to provide financial services to individuals and businesses that could be in urgent need of financial settlement services to process payments. @johnycrypto
Exactly! You make a good point, availability of funds is very important, there is some countries that people rush to banks to withdraw the money and they need to wait alot of time to be able to do it and sometimes the ATM doesnt have sufficient money and people start panicking.
of Bitcoin, Ethereal, and altcoin, whether you invest $ 50 or thousands.
I've compiled this ebook exactly as I need it when I first start exploring crypto-curency: organized, easy to follow.
I am following you. I am new here please Support Thank you sir
Thanks for the follow
Thank you for these valuable informations.
Crypto'll win this war :)
Thanks for the comment!