Falling Bitcoin and other CryptoCurrencies
Cryptocurrencies are going to fall hard and have to get re-evaluated lower then it is now.
Without major support from other channels, crypto will be worth as much as mass produced baseball cards of old. Crypto is all about hype, well basically most of all internet derived items are all hype. Once the hype dies down, it crashes until the next hype. It is better to invest real money into other forms of money making strategy. If you got your crypto currency cheap, hold on and let it ride till you cash out. If you got it for high dollars, well sorry you won't be making much in return.
Instead of slamming the doom and gloom, we need to know that this technology is fairly new and it is actually sad to see that it is only (so far) used in trading to keep the hype going, make a quick buck and get away with it.
Most of those who actually goes into crypto currency is that they know that the paper money they hold backs on "printing paper" (just as you have described like printing old cards) that is backed by government who enforces that usage (which ever country you are in, you are obliged to use that currency)
However from all the dark side of things happening, I keep pressing on to see the silverlining of it.
We are actually quite fortunate to witness something that our forefathers witnessed during the transition from barter trading, to gold trading, to centralised governance fiat currency trading.
Now we just need to decide whether to stand on the safe side or not.
And the fact that you are here, @streetsmartmoney , on a crypto currency blockchain social network, you must have seen a glimpse of its potential or curious about it, wouldn't you agree?
Thats false and you know it, it will probably crash one two tree four time, but if you really know crypto world its only the begining, 99% of people dont use it but users using it grow more each day...
It is all hype. No hype = no growth. I say this, do you own any crypto and have you made 100% or more return by using it? Crypto will probably not come into play to the majority for a long while, but one day, one day it will.
once the trusted currencies crash, everyone is going to me moving to crypto and then they'll be huge...
That is the idea, but we never know how the future will pan out. Maybe it might just be food that becomes the currency.
We think alike!
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