Topic: Can i trust crypto / digital currencies? - page 14. (Read 2942 times)
of course you can trust it, crypto has been able to change the paradigm of society and provide tangible benefits in various aspects
the growth of crypto will not be able to stem and prevent anyone. though indeed many rejections that occur to existing technology, however crypto in it will continue to make crypto grew even bigger. trust in crypto is right decision saw the potential that exists therein is indeed very large. so no need to worry about the various rejections because crypto will still be growing.
Yes, the cryptographic market is always sustainable, so I think you should believe in them, and learn business, if you have the will and luck you will succeed.
Believe in cryptocurrency, it will surely enter life in the future. The development of blockchain is a new technology and revolution. It will only survive if we bring convenience to us. Like the Internet technology, it is widely used by people.
Of course people pay a crypto because of its potential. But a potential will not be interesting enough without a mystery. Crypto has a high volatility, and this is because of the mystery that is in it. Although there is no guarantee, but the community always grows bigger every year, and that is a major factor for the growth of an ecosystem.
so far I believe in the achievements generated through crypto currency. there has been a lot of evidence that people are successful with the crypto assets they generate through cryptocurrency. indeed some countries strongly opposed the existence of digital currency because it is certain will damage the ecosystem of the real economy. there are always pros and cons about this. if talking about technology, we are pro with digital currency just want to take advantage of technological advances and innovate in obtaining additional income. all depend on their respective discretion in mamanfaatkan digital currency as a promising business.
You see, the digitalized and decentralized natures of cryptocurrencies are both strengths and weaknesses at the same time. Due to the deregulated network of cryptocurrency, the virtual currency falls under no guarantee scheme or supervision. The bank or an insurer do not insure one unregulated money. But at the same time, cryptocurrency value is independent of the economic policy in a country. Extreme devaluations are not possible.
I personally I think, yes indeed many reasons we can trust the currency or digital currency. Cryptocurrency will still increase in the next few years and technology will continue to rise like banks and modern currencies. Which is very important in real life, no matter how much they want to avoid it, people still have to be trusted, this factor can only be replaced by smart contract.
Bitcoin is very efficient its a premier coin that come from lots of process before getting its place right now. Banks are just afraid of Bitcoin because it force them to innovate, Bitcoin is better based on security, access, fees and many more aspects.
Only problem is the people who do illegal things just to get some. Never let yourself engaged in fraud and scam.
Only problem is the people who do illegal things just to get some. Never let yourself engaged in fraud and scam.
Nine years since the birth of Bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to do, if anything, about the growth of the private cryptocurrencies that are grabbing more and more attention for a host of reasons: security concerns after a $500 million exchange hack in Japan, volatile price moves and -- in the case of Bitcoin, at least -- their introduction on regulated derivatives exchanges. The second question is whether to issue official versions.
more here - https://www.bloomberg.com/news/articles/2017-12-15/what-the-world-s-central-banks-are-saying-about-cryptocurrencies
more here - https://www.bloomberg.com/news/articles/2017-12-15/what-the-world-s-central-banks-are-saying-about-cryptocurrencies
A Central Bank certainly has a great interest to control the economy in the country. I think it's fair that many parties do not support crypto, at least for now, because of course they do not have much room to control it, or use it. But of course we have to believe in Blockchain, at least we realize that its potential is still very large.
Exactly, even other banks institution were still undecided for accepting cryptocurrency but for me i still believe in capability of coins in my country as the Central Bank is the number one institution that accept and continue supporting cryptos.
A Central Bank certainly has a great interest to control the economy in the country. I think it's fair that many parties do not support crypto, at least for now, because of course they do not have much room to control it, or use it. But of course we have to believe in Blockchain, at least we realize that its potential is still very large.
Your belief depends, of course, on what you expect. Because it will be very difficult for crypto to replace the current financial system, unless crypto will be controlled by the government. So it would be great if crypto would stay like this until at least there is a more perfect technology.
Yes you can trust blockcahin technology, which is amazing and will bring out reforms. But cryptocurrency is at least at this point of time becoming only the platform for some other things, see, money laundering, ways to collect money etc, as they are not implementing their main purpose of what it is established for. In conclusion, you can partly believe in cryptocurrency.
You do not need to trust it, cryptocurrencies are just build that way. The main purpose of it is decentralization which enables us to avoid mediators (like banks or others whose we should trust).
What does not help is that monitoring of digital currency is missing. That makes the bitcoin unpredictable, volatile and risky. Due to the deregulated network of cryptocurrency, the virtual currency falls under no guarantee scheme or supervision. One unregulated money is not insured by the bank or an insurer. Whoever gets an attacker can just lose his entire fortune.
At the same time, the decentralized character of the currency is also its strength. Precisely because a cryptocurrency is stateless, its value is independent of the economic policy in a country. Extreme devaluations are not possible.
At the same time, the decentralized character of the currency is also its strength. Precisely because a cryptocurrency is stateless, its value is independent of the economic policy in a country. Extreme devaluations are not possible.
I think that it is necessary to bring it to all people because it is precisely because of ignorance of people and do not invest in cryptography, I think that cryptography is very safe if you follow all the rules of using wallets!
I feel like you can't trust anyone right now. Can you trust Fiat? Lol. Governments regularly take part of your savings through inflation. Not everyone can invest in business and for this you need to have a start-up capital which most people do not have. Cryptocurrency is an opportunity to start making money with any amount and gradually expand their capabilities. Who else can?
In some five or ten years, the crypto currency in financial transactions will dominate, if not completely supplant the usual bank money.
The crypto money world is a place to make money. Making money on stock market sites is easy, but it is easier to lose money. You need to be careful. It is important that you do good research and follow good.
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