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Topic: [2019-07-11] Bitcoin’s Rise Reflects Growing Opportunity for Crypto Exchanges (Read 160 times)

legendary
Activity: 3024
Merit: 2148
Big banking is still going strong. Third party involvement is an absolute necessity for the overwhelming majority of financial transactions. Regulation is still a safety precaution that even the most ardent followers of Bitcoin are unwilling and unable to do without.

That's just not true, most hardcore Bitcoin enthusiasts are avoiding traditional third parties and regulations whenever possible, and even criticize the calls for regulation that come from some Bitcoin investors.

All this trading activity leaves us with one question, why were fiat investors initially reluctant to get on board with cryptocurrency?[/i]

Everyone was skeptical at first, even other cyphepunks from the cryptography mailing list. Many investors didn't understood and still don't understand Bitcoin, they thought that it's something like a tulip or a beanie baby fad, and no one would use it as a currency. Bitcoin was so different from what investors used to trade - stocks, assets, commodities, currencies - that only the brave or people who realized its potential traded it in early days.
sr. member
Activity: 1092
Merit: 271


All this trading activity leaves us with one question, why were fiat investors initially reluctant to get on board with cryptocurrency?[/i]
My opinion, probably ignorance to some about cryptocurrency and another is they don’t trust it because it is not backed by banks and governments. Because there are no solid regulations imposed on cryptocurrencies in some countries so they’re afraid of losing their money and be scammed. There could be some other reasons but these are just what I thought about.
hero member
Activity: 2054
Merit: 528
❤ Bitcoin Garden
Bitcoin Garden: Bitcoin’s Rise Reflects Growing Opportunity for Cryptocurrency Exchanges
https://bitcoingarden.org/bitcoins-rise-reflects-growing-opportunity-for-cryptocurrency-exchanges/

With just over 10 years since Bitcoin came into existence in January 2009, a lot of the original hopes and dreams for cryptocurrency have not come to pass. Cryptocurrency is not yet widely accepted as a payment and transaction system.

Big banking is still going strong. Third party involvement is an absolute necessity for the overwhelming majority of financial transactions. Regulation is still a safety precaution that even the most ardent followers of Bitcoin are unwilling and unable to do without.

Yet, one benefit caught on almost immediately with cryptocurrency. Trading and investing in crypto quickly grabbed the attention of investors. This led to the proliferation of trading platforms, exchanges, and funds, with new exchanges like AMFEIX and older ones like Gemini reaping benefits.

All this trading activity leaves us with one question, why were fiat investors initially reluctant to get on board with cryptocurrency?
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