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RE: Is Cryptocurrency an Investment or the Future of Currency?
I honestly feel that it will turn into a real form of currency. Look at how currency has changed over the ages. It has gone strictly from some form of coin to paper and now much of it is done digitally. I try to carry no form of physical currency on me other than my debit card. It's just so much easier to swipe a card rather than to have to count out a bunch of paper to get some coins back that I'm just going to toss in a jar. Currency is just something that a person gives value to no matter whether it is physical or not.
I don't think Bitcoin will become a currency in a way that we think of currency today. It is too expensive to spend. It will be more of a form of investment like gold.
We will be spending an altcoin with cheaper transaction fees for everyday items instead.
Very true.
You are probably right but @psykogamer is not wrong. If it is not Bitcoin, one alt coin will emerge to become a more stable, easy to access popular currency until the price of that altcoin rises and another alt coin follows up. Digital currency is a cyclic ecosystem guided by the market value.
@chronogn take note
Bitcoin is accepted across by many, South Korea's Largest Underground Mall Adds Bitcoin Payments to 620 Stores
The largest underground shopping mall in South Korea, Goto Mall, has partnered with a local cryptocurrency exchange to enable its 620 stores to accept bitcoin. Spanning 880 meters long, about half a million people walk through the mall each day. Also read: Hong Kong Company Set to Build Crypto Mining Farm and Museum on Russian Island Goto Mall, a Bitcoin Mecca? The largest underground shopping center in South...
Read more https://news.bitcoin.com/south-korea-underground-mall-bitcoin-payments-stores/
OMG! You are so right. I agree, I think thats what most of us do. Toss the coins in a jar. You just inspired me to write another post. Ill save it for tomorrow.
Glad I could say some words of inspiration for you. I occasionally say some words of wisdom.