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Topic: Could stock crypto currencies destroy bitcoin? (Read 339 times)

newbie
Activity: 154
Merit: 0
the stock cannot destroy bitcoin. if bitcoin will be destroyed by the stock in the future,
many peoples now sell their bitcoin now because they know bitcoin value will be destroyed later.

Crypto currencies stock is not a barriers of Bitcoins. Although bitcoin has  strong foundation and many stock holders it cannot be easily destroyed someday in the future  they need Bitcoin as their main currency.
jr. member
Activity: 182
Merit: 2
Never. There's no future. I guess it's someone's imagination. Bitcoin will always be there.
hero member
Activity: 840
Merit: 502
The Stock markets are being controlled by a bunch of old school economists with old money that was passed on for centuries. They have perfected the art to manipulate the markets with very clever investment tools. Do you really want these people to determine the destiny of Crypto currencies in the future?

Most stock markets are due for a massive correction, so linking Crypto currencies with these stocks now, will be stupid.  Roll Eyes ..Let them ruin the Fiat system and leave Crypto currencies for the new money.
When the end of the fiat system gets closer it is very likely that those people that control a great deal of wealth will try to to get control of bitcoin, one basic rule is that all of those that are powerful are only looking for one thing and that is to become even more powerful, fortunately for us the bitcoin whales are not so dumb to exchange their bitcoin for fiat since they now bitcoin is the future.
full member
Activity: 378
Merit: 100
Actually the cryptocurrency has become popular when the company of bitcoin becomes popular through their excellent service in the public so it is hard to think and absolutely impossible tgat they can be beaten or destroyed by someone else.
hero member
Activity: 3108
Merit: 972
www.Crypto.Games: Multiple coins, multiple games
The Stock markets are being controlled by a bunch of old school economists with old money that was passed on for centuries. They have perfected the art to manipulate the markets with very clever investment tools. Do you really want these people to determine the destiny of Crypto currencies in the future?

Most stock markets are due for a massive correction, so linking Crypto currencies with these stocks now, will be stupid.  Roll Eyes ..Let them ruin the Fiat system and leave Crypto currencies for the new money.
I agree with you completely. Anyone who thinks that the stock market is not being manipulated on a regular basis by the whales should do some research. I know several people who made the move from stocks to crypto in order to take advantage of the extreme volatility of the market which worked for them and they are rolling in profits at the moment. These guys have tons of stock market experience which helped them choose the right altcoins to invest into. Honestly, I prefer crypto over stocks any day because of the anonymity that this market tends to provide and the chance to be a part of a revolution.
sr. member
Activity: 630
Merit: 250
I think these two areas may not be affected. Electronic money stocks belong to many currencies, not just bitcoins. And bitcoin is not because of market failure but destruction. However, they have a price effect.
copper member
Activity: 1050
Merit: 294
There is no future, it's just someone's imagination.
Shares of companies, dollars, euros, gold this will all be and will not go anywhere.

Crypto currency is too unpredictable to completely switch to it.
Either all heads of state of the world should introduce a single currency.

But this will never be, because all are corrupt and easier to buy a yacht for stolen dollars than for some Apple tokens.

Probably you misunderstood, actually shares in stock market are backed up by companies revenue, the OP has just stated that we will use cryptos instead of stocks which will be backed up by those companies. In short everyone will buy shares in terms of cryptos which will be easy to handle and to keep in touch all the time.
newbie
Activity: 153
Merit: 0
The stock is also an investment way, and the encryption currency!

But there won't be an encrypted currency! This assumption does not exist at all!

The digital encryption money market is small compared to the stock market!
legendary
Activity: 3472
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
The Stock markets are being controlled by a bunch of old school economists with old money that was passed on for centuries. They have perfected the art to manipulate the markets with very clever investment tools. Do you really want these people to determine the destiny of Crypto currencies in the future?

Most stock markets are due for a massive correction, so linking Crypto currencies with these stocks now, will be stupid.  Roll Eyes ..Let them ruin the Fiat system and leave Crypto currencies for the new money.
member
Activity: 462
Merit: 10
the stock cannot destroy bitcoin. if bitcoin will be destroyed by the stock in the future,
many peoples now sell their bitcoin now because they know bitcoin value will be destroyed later.
hero member
Activity: 840
Merit: 502
In the future, stocks will likely be traded on blockchains as tokens.

If you have 100 shares of Apple Stock in a blockchain wallet as tokens, and you can freely transfer those tokens like digital money, what affect could this have, if any, on bitcoin?

You could literally walk around and pay for everything with Apple stock.

For greater stability, you could use a stock index fund as your digital money.

Back in the day, all money was backed by gold to give it intrinsic value.

What if in the future, all money was backed by stock index shares, thereby giving it intrinsic value and (relative) stability?

Instead of using dollars that have inflation, all money would provide return on investment in proportion to stock market growth.

And if you can use digital tokens that have intrinsic value, does it make sense on a philosophical level, to use a token with no intrinsic value?

What you are suggesting is a world that is hyper connected and where everything could be used as a currency, it is not a bad future but it is going to take a lot of time before we reach anything close to what you are suggesting, I do not think we are going to reach that point where a business can accept hundreds of coins, at best we are going to see a business accepting bitcoin and some additional cryptocurrencies.
full member
Activity: 462
Merit: 104
Crypto Marketer For Whales
It won't happen for the existing stocks right now. We have a chance though to create ours in a matter of time. Metals can be sold on the blockchain if someone just starts doing it. But as for blue chip stocks, highly unlikely.
newbie
Activity: 55
Merit: 0
Take for instance Marinecoín compared to Bitcoin which requires a high amount of hashrate/energy consumption to process transactions. MarineCoín has a fast/low energy profile. It has the potential to revolutionize things. Visit them before the airdrop ends. It is dev-less and is ecosystem friendly. 20000 Marinecoíns for proof of promotion to each community member. Marinecoín block chain is 500x faster than bitcoins. There is zero fees for transactions and has time dilution technology.
jr. member
Activity: 182
Merit: 2
Not at all because your just securing your future. While the circulation of traditional currency is balanced by governments printing bank notes, Bitcoin relies on the mining strategy to dictate the amount of the cash in existence. The moment a government treats cryptocurrency as stocks and will apply the same fees as those with the stocks exchange then all of the crypto exchange will shutdown. But if this is just a speculation, I would say that it has a possibility but cannot happen yet in the next few years.
hero member
Activity: 1456
Merit: 578
HODLing is an art, not just a word...
first of all what would be the benefit of something like that for the company to offer their shares as a blockchain token specially since tokens means relying on another platform that can easily burn to the ground and disappear overnight?!!!

secondly why would something like that even remotely relate to bitcoin which is a currency and affect it let alone destroy it?!!!
full member
Activity: 378
Merit: 114
Really good question....The answer to this question is not simple though....If talking to current senaario where crypto is not even the 1% of total stoke...yes it can destroy...but on the on there hand is Bitcoin is not centerlized...so it's hard to surpress it...in that sense no
newbie
Activity: 61
Merit: 0
In Austria, Hydrominer IT-Services GmbH place their servers inside hydro-power plants in an attempt to use clean energy.
Founder Michael Marcovici, said: “It is bad for bitcoin to have this news all the time about this dirty energy.
“People don’t want dirty energy to be used.
“But the problem is, in Europe, the energy is just too expensive.”
newbie
Activity: 70
Merit: 0
The high-value cyber-currency, which is currently valued at more than £15,000 ($20,000) per unit, has become ever more popular as it ascends from the cash choice of cyber-experts to a tradable asset for the general population.
But experts have warned Bitcoin could “kill the planet” due to the amount of energy required to mine the currency.
Mining is the means of generating bitcoin, and works by using specialist computer software to solve complex equations in return for the currency.
While the circulation of traditional currency is balanced by governments printing bank notes, Bitcoin relies on the mining strategy to dictate the amount of the cash in existence.
newbie
Activity: 85
Merit: 0
“If we start using this on a global scale, it will kill the planet.”
Accounting firm PwC estimates the use of electricity to mine Bitcoin has increased by 30 per cent over the last month as more people begin to buy into the valuable cryptocurrency.
Christopher Chapman, an analyst for Citigroup, said: “This has become a dirty thing to produce.”.
Vast servers are used around the world to mine the currency while there is still time – however some are attempting to turn to greener means of producing the coins.
member
Activity: 81
Merit: 10
The BTC is a symbol of encryption, and if a stock is issued, the price may keep rising in the short term, but in the long run the BTC is the most valuable.

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