Crypto Currency- investment Or Money
Hello Guys,
Today I want to discuss about crypto currency - is ti circulating as money or kept as Investment-
In my last article I had posted that out of 21 Million only some of it are using as money and rest is hoard as long term investment or missed or lost.
Lot of Bitcoin are absolutely lost and missed by owner and it is unrecoverable.
Now the main thing to discuss is which crypto currency is used for Money in the world.
Because if crypto which is currency will be used only for investment. then a large number of people will still OPPOSE the crypto currency.
New Economic research and Centrak etoro suggests that Bitcoin will become the Main currency in next decade.
Meeting the last two criteria will require Bitcoin and other crypto currencies to make progress on remaining challenges such as scalability, design and regulation.
Most of the investment in crypto currency seems to be short to medium term and least is for long term. By fluctuating the price horribly people sell it whenever it goes high and that is the reason why prices is very fluctuates.
As soon as the all crypto lover who are involved in the field will not ready to use crypto currency as Median of Money it will not be a Money itself.
I think we can use it for investing and for money especially while it is still so volatile. I hope we see several different coins with various uses as blockchain is far too robust for a single chain.
Hmm, There are lot of genuine coins with superb technology which is acceptable. we can hoard such coin for long term, isn't it?
I think so. The technology is so new, it is really hard to just expect it to reach full potential so soon. Best time to buy is now. Best time to sell is probably in a couple years. The problem is how to choose the good ones?
I guess by the time the market will be regulated and less fluctuation appears. I am a supporter of long term hodl because technical development needs time
Nevertheless you should be up to date and maybe change your coin in, from your pov, more profitable projects..
Thank you. Its true that long term prospect only is profitable.
yes we can invest in crypto currency to make money for future.
Thats true, always think for long term in this industry
Good question. Its like gold bullion- an asset called a collectible. Curretly its up in the air though. Some will be securities.
ya its true, will become better than Gold because it has given ROI better than all investments.
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