Topic: Fundamental question about Cryptocurrency (Read 89 times)
I think cryptocurrency will outpace banks and financial institutions
Hi Guys,
I'm newbie here, I'm in cryptocurrency world since only a year, but I was in Forex before that.
Cryptocurrency is a great concept/mean with you know anonimity, decetralization etc.. and fundamentally they are created to replace you know banks actual finance, to be a real alternative for economic and financial freedom. you can see all that in every article about bitcoin and all kind of cryptcurrency.
But what I see now is that crypto became a huge financial market place which made cryptos extremely volatile and not really useable as an alternative money/cash to sell/buy things, thats why I can't really see too many stores with really divercified articles to buy/sell as an average citizen of the world.
3 things are linked to money:
1- speculation
2- lending (to finance projects for borrower and the invest for lenders)
3- the normal use of money (buying selling products) which is the real main aim of the existence of any kind of "money".
what I see now in the cryptocurrency world is Speculation is in the extreme TOP of the ranking, in the second place there's lending (P2P lending etc..) and in the last place and with almost not significant consideration the normal use of money.
does that mean that cryptocurrency deviated of its main goal and almost everybody is speculating. will it stay as it is forever of maybe we'll see in the future that cryptocurrency will be really THE alternative...??
just wondering
I'm newbie here, I'm in cryptocurrency world since only a year, but I was in Forex before that.
Cryptocurrency is a great concept/mean with you know anonimity, decetralization etc.. and fundamentally they are created to replace you know banks actual finance, to be a real alternative for economic and financial freedom. you can see all that in every article about bitcoin and all kind of cryptcurrency.
But what I see now is that crypto became a huge financial market place which made cryptos extremely volatile and not really useable as an alternative money/cash to sell/buy things, thats why I can't really see too many stores with really divercified articles to buy/sell as an average citizen of the world.
3 things are linked to money:
1- speculation
2- lending (to finance projects for borrower and the invest for lenders)
3- the normal use of money (buying selling products) which is the real main aim of the existence of any kind of "money".
what I see now in the cryptocurrency world is Speculation is in the extreme TOP of the ranking, in the second place there's lending (P2P lending etc..) and in the last place and with almost not significant consideration the normal use of money.
does that mean that cryptocurrency deviated of its main goal and almost everybody is speculating. will it stay as it is forever of maybe we'll see in the future that cryptocurrency will be really THE alternative...??
just wondering
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