How influential is crypto worldwide?

WillyAp

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Quote from: Wakate on January 24, 2024, 05:19:25 PM

Cryptocurrency is gaining more popularity and soon many would want to invest in Bitcoin because they feel it is the only option to escape poor or start a better investment

You can have millions of $ worth on a pendrive.
That beats most other value storages,

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Quote from: el kaka22 on January 21, 2024, 12:53:56 PM

Depends on the nation a bit, some are a bit more influential, some are not so influential, so you need to talk about the nation. Like for example, can we argue how influential it is at El Salvador? We all know that it's a big deal there, it's unbelievable that they were the ones that got the first legal tender, central Africa has that too now I believe, so there are nations with a lot of influence.

However, some are not so much, like China for example, they like it one day, they ban it the other day, it's not really clear what they think about crypto, we do not really know it full on well. Basically, it changes from nation to nation and I believe that the overall influence of bitcoin is getting bigger and bigger every single day.

China is always trying to curb with cryptocurrency so that it does not get to a limit where there would be much citizens dumpling there local currency for Bitcoin. This is also done in many countries although the reasons was not yet know but that must be been past of the reasons. That is one of the reasons why some countries have to ask holders and traders to pay more on tax compared to what people are paying when they are holding local currency. Cryptocurrency is gaining more popularity and soon many would want to invest in Bitcoin because they feel it is the only option to escape poor or start a better investment.

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Quote from: Renampun on January 22, 2024, 01:54:04 PM

Cryptocurrency has become a topic of conversation among many people around the world, there are even many people who use it for transactions, even though government regulations in many countries are still gray regarding cryptocurrencies

Define many if you could.
20, 200. 2000, 20.000.000 or more?

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Quote from: pinggoki on January 16, 2024, 04:49:03 AM

I feel like it's not as influential as it is right now and seeing that even with I perceived to be a small amount of influence that crypto is still increasing in value by day makes me full of hope that the more people getting into crypto then the more the price will increase and this is probably a start yet and we're not yet at what many thinks is the true peak of crypto so if that doesn't say anything about the potential of crypto then I don't know what others are waiting for.

Cryptocurrency has become a topic of conversation among many people around the world, there are even many people who use it for transactions, even though government regulations in many countries are still gray regarding cryptocurrencies.
Before cryptocurrencies boomed, we never saw many crypto-related businesses popping up such as exchanges and others, this also made me see that cryptocurrencies have really influenced the world economy.
Adoption of cryptocurrencies will not necessarily cause prices to increase because there are many crypto assets being traded, but the adoption of bitcoin can make the popularity of cryptocurrencies increase sharply.

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Quote from: el kaka22 on January 21, 2024, 12:53:56 PM

Depends on the nation a bit, some are a bit more influential, some are not so influential, so you need to talk about the nation. Like for example, can we argue how influential it is at El Salvador?

Yes that is true too.
In the case of San Salvador I think they'd be better off with a faster coin and not as tied to value.
For simple folks a coin losing value is bad, And losing half or 30% is bad in the short run.

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Depends on the nation a bit, some are a bit more influential, some are not so influential, so you need to talk about the nation. Like for example, can we argue how influential it is at El Salvador? We all know that it's a big deal there, it's unbelievable that they were the ones that got the first legal tender, central Africa has that too now I believe, so there are nations with a lot of influence.

However, some are not so much, like China for example, they like it one day, they ban it the other day, it's not really clear what they think about crypto, we do not really know it full on well. Basically, it changes from nation to nation and I believe that the overall influence of bitcoin is getting bigger and bigger every single day.

WillyAp

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Quote from: red4slash on January 19, 2024, 04:19:20 PM

However, it's all about perspective and when you consider that a decade-old bitcoin is already getting 10 per cent of a 2 century old Chevron, isn't that a good start?

Certainly is, no doubt, Realism does not deny deeds. Only Absolutism denies those. Bitcoin is being accepted as a factor in the ever growing $ monarchies worldwide.

For the common man it's again too late to get a meaning full bag of sats. The times where sats were distributed in a meaningful amount are over.

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Quote from: red4slash on January 19, 2024, 04:19:20 PM

Actually I quite agree with what Upgrade00 said in this case because after all if we really want about comparison then when crypto is compared to what you put in the list where some large companies are already very prosperous it is a ridiculous situation and cannot be used as a reference and this also will not make an answer to how influential Crypto is today because we know that something like this if you look at the data provided then of course this could be valid and it could be possible that its validity is questioned.
However, it's all about perspective and when you consider that a decade-old bitcoin is already getting 10 per cent of a 2 century old Chevron, isn't that a good start?

You are right, crypto cannot be compared with some of these companies because the crypto market is 14 years old but those companies have been operating for decades, but think that bitcoin has grown significantly compared to some of those companies listed, but if you compare perspective from market cap then bitcoin has listed no 3 in that list of companies and however bitcoin's growth achievements have received recognition from several world company CEOs, so there is no need to argue the idea of comparing bitcoin and world companies because there are too many differences in both types, but I am sure every CEO has unpublished crypto assets

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Actually I quite agree with what Upgrade00 said in this case because after all if we really want about comparison then when crypto is compared to what you put in the list where some large companies are already very prosperous it is a ridiculous situation and cannot be used as a reference and this also will not make an answer to how influential Crypto is today because we know that something like this if you look at the data provided then of course this could be valid and it could be possible that its validity is questioned.
However, it's all about perspective and when you consider that a decade-old bitcoin is already getting 10 per cent of a 2 century old Chevron, isn't that a good start?

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Quote from: Wakate on January 19, 2024, 03:01:55 PM

Cryptocurrency is very popular and it has our performed so stocks that had been on existence for a very long time.

Popular it might be, but very popular would mean it's a mainstream asset, which is it not, what we have seen is a derivative at best.
Too many people believe Crypto is synonymous to trading, which is wrong.

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Quote from: Smartvirus on January 18, 2024, 06:34:38 PM

Quote from: Upgrade00 on January 02, 2024, 09:55:12 AM

Another thing to put into perspective is that many of those.conoanies are over sixty years old now and Bitcoin which is the oldest cryptocurrency is 14 years.

Comparing both industries with very different launch times does not give any accurate suggestions.

That’s just how biased the parameter to the statistics is based. It’s capped at the price of what’s it’s done without taking cognizance of the time it has taken to archive those life long prices.

In the shortest time, crypto have done just what could have been deemed impossible under normal circumstances and that’s why, most of those gigs from the traditional means of running a business doesn’t see it for an investment that would persist and stand the test of time. Many look at it like an inflated balloon that is bound to burst some day.

Still, crypto has pushed for a lot of development and a shift for better in finance of recent times.

Cryptocurrency is very popular and it has our performed so stocks that had been on existence for a very long time. Maybe in few years coming, cryptocurrency might be valued more that 3 trillion dollars by the time the price of Bitcoin reaches $200k.

No one should underestimate the crypto market currently because the market is going becoming bigger and bigger day by day looking at how things are going currently. There was a time when the price of Bitcoin was $1, it went far as $7 and before we know it the price starts skyrocketing to what it is now. We should be prepared for the bull always because some persons are going to ask themselves questions why they never took investing very seriously.

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Quote from: Upgrade00 on January 02, 2024, 09:55:12 AM

Another thing to put into perspective is that many of those.conoanies are over sixty years old now and Bitcoin which is the oldest cryptocurrency is 14 years.

Comparing both industries with very different launch times does not give any accurate suggestions.

This is already in the quite old category and at the age of sixty most people are no longer productive because talking about health is quite disturbed and not as normal as usual. If you look at the development of bitcoin, it's probably only been 14 years and if we go back, their age at that time was 46, so a person's level of productivity is above the age of 35 to 46. It's interesting to see what the initial process was with purchasing the bitcoin they bought and I don't think it's completely owned by the individual because it could be that the company owner tries to buy and keep it.

As time goes by this has changed where previously bitcoin had no value when it was launched, today bitcoin is one of the best in the cryptocurrency industry. I agree with you that comparing the industry at launch versus over time will be quite different. Because the process will definitely reveal new stories and every day we see adoption continuing to occur everywhere.

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Quote from: Upgrade00 on January 02, 2024, 09:55:12 AM

Another thing to put into perspective is that many of those.conoanies are over sixty years old now and Bitcoin which is the oldest cryptocurrency is 14 years.

Comparing both industries with very different launch times does not give any accurate suggestions.

That’s just how biased the parameter to the statistics is based. It’s capped at the price of what’s it’s done without taking cognizance of the time it has taken to archive those life long prices.

In the shortest time, crypto have done just what could have been deemed impossible under normal circumstances and that’s why, most of those gigs from the traditional means of running a business doesn’t see it for an investment that would persist and stand the test of time. Many look at it like an inflated balloon that is bound to burst some day.

Still, crypto has pushed for a lot of development and a shift for better in finance of recent times.

WillyAp

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Quote from: slapper on January 18, 2024, 06:45:01 AM

Smartphones have transformed global communication with a tap. Bitcoin, the digital herald of finance, is changing economic engagement.

hahahaha
Hilarious the ingenuity, 40% of smartphone users (number drawn out my cap) cannot set up their Smartphone or save money for that matter,

Smart Phones have done something to humanity, made it dumber than 50 Years ago. 70 Years ago people were taught (in Car manuals) how to adjust valves, 2020 they were advised not to drink battery fluids.

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Quote from: reagansimms on January 16, 2024, 04:33:01 AM

Technology has made the world a smaller place and feel more cramped. Technological advances have bombarded people in various countries with too many choices. Let's take an example, Smartphones have become a necessity for every individual to contact and even see people all over the world. Bitcoin has also brought major changes in the financial system, Bitcoin technology is very revolutionary, because it can move finance and other business applications into the technological era.

With Bitcoin you can send money to various parts of the world anytime and anywhere without having to use the services of third parties such as banks or other institutions. As public trust in government continues to decline, Bitcoin which is not tied to any government or political system will likely continue to play a growing role in the global financial system.

Smartphones have transformed global communication with a tap. Bitcoin, the digital herald of finance, is changing economic engagement. The money represents financial democratization. Bitcoin empowers individuals by bypassing established banking systems, providing a financial lifeline without geographical or governmental limits

We must admit that power brings responsibility. Bitcoin's independence from government scrutiny is its greatest asset and challenge. Users must be tech-savvy and responsible. Do not worry! Progress empowers people financially. Bitcoin represents financial independence in a world when faith in established institutions is eroding

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While crypto gets highly influential to people, a lot of scammers on the side are also taking the advantage to deceive people and use crypto as their tool of scamming, and here comes the innocent people with high greed to earn an income, eventually they bite the scammers strategy without having DYOR and studying the consequences of their decisions.

There’s no stopping crypto anymore as it’s now staying for good, and with promotion and the growing usage of crypto all over the universe, crypto will become mainstream few years from now and we will see bitcoin working hand in hand with fiat, that is when the government has completely accepted crypto as a reliable currency.

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Quote from: WillyAp on January 02, 2024, 09:32:36 AM

I wonder how large is the financial product Crypto as a whole.

Crypto is currently growing rapidly throughout the world, the economy generated from trading, investment in the crypto market shows the highest level compared to other investment products, Crypto has become a real choice for people around the world now, this happens in all aspects of the world.

As I've read, impact Impact of Cryptocurrency on Global Economy and Its Influence..., This shows that the percentage of crypto's seriousness towards the world has the highest level, felt since 2017, this shows that crypto is the best product that the world currently has.

Quote

Bitcoin is valuable because it has all the important properties of fiat money: acceptability, divisibility, durability, fungibility (fungibility), portability, and scarcity.

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Quote from: NNRR on January 16, 2024, 05:28:05 AM

If you compare Cryptocurrency with other companies then I will say that Cryptocurrency influencer has progressed at the fastest pace in the world because Cryptocurrency is not very old, it is 14 years old which is familiar to people but the other companies that you have given are very old Cryptocurrency is still new to many people. So when this cryptocurrency gets old, you can see that its influencer has become much more than other companies.

14 Years in IT is quite old.
The cryptospace is much smaller than most people think.
Its more like a wake up call.

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Quote from: reagansimms on January 16, 2024, 04:33:01 AM

Technology has made the world a smaller place and feel more cramped. Technological advances have bombarded people in various countries with too many choices. Let's take an example, Smartphones have become a necessity for every individual to contact and even see people all over the world. Bitcoin has also brought major changes in the financial system, Bitcoin technology is very revolutionary, because it can move finance and other business applications into the technological era.

With Bitcoin you can send money to various parts of the world anytime and anywhere without having to use the services of third parties such as banks or other institutions. As public trust in government continues to decline, Bitcoin which is not tied to any government or political system will likely continue to play a growing role in the global financial system.

Right? Tech stuff has really shrunk the world, giving us tons of choices. Smartphones make chatting with people worldwide a breeze, and Bitcoin it's like money without the middleman because no banks needed. We just all need to do our research to expand our knowledge as to what kore it can offer.

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If you compare Cryptocurrency with other companies then I will say that Cryptocurrency influencer has progressed at the fastest pace in the world because Cryptocurrency is not very old, it is 14 years old which is familiar to people but the other companies that you have given are very old Cryptocurrency is still new to many people. So when this cryptocurrency gets old, you can see that its influencer has become much more than other companies.

Topic: How influential is crypto worldwide? (Read 830 times)