Quote:
Originally Posted by harryjosh
Crypto is the future of money and it is more flexible and secure and will evolve in the future. Paper money In developed countries, only 10% of people use it, it has more expenditure printing, storage, delivery, banking services, etc.
While Cryptocurrency price tracker does need it, today this is just an idea and a programming matrix, But its value is more than one dollar and if it is supported by corporate resources and the situation will change significantly to better or worse.
The main thing is who will be the first corporation to dare to do this and who will be the first to receive benefits the most. |
The problem with cryptocurrency is that there is nothing to back it. Zero assets whatsoever. Paper money is backed either by gold, infrastructure, or some form of government plan that has tangible value (likely land snatching, property seizing, etc).
The reason why cryptocurrency is so volatile is because it is only what a person feels it's worth that day. It's all emotional. The reason why single stocks are so volatile is because it depends on how that company reported doing business that day. If it cost "X" dollars to do business and that was more than the anticipated "Y" cost then their stock goes down. If they made a big sale that day their value goes up. Still tangible money changing hands for good/services.
At the end of the day, if you can make money in cryptocurrencies then good for you. However, IMO you might as well be spinning the roulette wheel in Vegas because the gamble is about the same.