Bitcoin is a good investment, but never a global currency - page 2.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: Vaskiy on May 24, 2017, 04:10:56 AM

The author has described bitcoin with a comparison with some other assets making people realize bitcoin to be the good investment and not gonna get the state of an mainstream currency. In the article finally he had concluded suggesting users to buy when the price drop happens due to some media impact and hold for a better profiting.

Well bitcoin can never become your main currency because to become mainstream currency it has to be accepted all around the world and btc is not being approved by few countries and also its digital currency.Many people do not have electricity to access and still unaware how to even deal with such currency.

Vaskiy

legendary

Activity: 2688

Merit: 1106

DGbet.fun - Crypto Sportsbook

The author has described bitcoin with a comparison with some other assets making people realize bitcoin to be the good investment and not gonna get the state of an mainstream currency. In the article finally he had concluded suggesting users to buy when the price drop happens due to some media impact and hold for a better profiting.

Doofus

member

Activity: 102

Merit: 10

Quote from: Yuhee on May 24, 2017, 03:59:56 AM

Quote from: Doofus on May 24, 2017, 02:51:52 AM

Yuanwei: One of the seven writers of the book Bitcoin, has been holding btc for 4 years and never sell one bitcoin. He started to think bitcoin is actually anti-human and a zero-sum in 2016. Fixed amount will cause the 80/20 rule and the rich have no responsibility for the poor. So if Bitcoin becomes the world currency, it will inevitably lead to the polarization of wealth and cause social unrest.

http://news.8btc.com/bitcoiner-yuanwei-bitcoin-is-a-good-investment-but-not-a-global-currency

In my perspective first it will lower the worlds economy because most of the money returns and come in the web. And businesses would run out of workers because opportunity in btc is more easier. Bit by bit more and more businesses are investing in in btc and i think most money would go in the web and most oppurtunities now underlies in btc. And local goods wont have any rich business men to invest in them or fund them.

Then when do you assume all these will come true?

Yuhee

sr. member

Activity: 546

Merit: 250

Quote from: Doofus on May 24, 2017, 02:51:52 AM

Yuanwei: One of the seven writers of the book Bitcoin, has been holding btc for 4 years and never sell one bitcoin. He started to think bitcoin is actually anti-human and a zero-sum in 2016. Fixed amount will cause the 80/20 rule and the rich have no responsibility for the poor. So if Bitcoin becomes the world currency, it will inevitably lead to the polarization of wealth and cause social unrest.

http://news.8btc.com/bitcoiner-yuanwei-bitcoin-is-a-good-investment-but-not-a-global-currency

In my perspective first it will lower the worlds economy because most of the money returns and come in the web. And businesses would run out of workers because opportunity in btc is more easier. Bit by bit more and more businesses are investing in in btc and i think most money would go in the web and most oppurtunities now underlies in btc. And local goods wont have any rich business men to invest in them or fund them.

Doofus

member

Activity: 102

Merit: 10

Yuanwei: One of the seven writers of the book Bitcoin, has been holding btc for 4 years and never sell one bitcoin. He started to think bitcoin is actually anti-human and a zero-sum in 2016. Fixed amount will cause the 80/20 rule and the rich have no responsibility for the poor. So if Bitcoin becomes the world currency, it will inevitably lead to the polarization of wealth and cause social unrest.

http://news.8btc.com/bitcoiner-yuanwei-bitcoin-is-a-good-investment-but-not-a-global-currency

Topic: Bitcoin is a good investment, but never a global currency - page 2. (Read 2490 times)