The bitcoin peaked about a month ago, on December 17, at an altitude of nearly ڈالر 20,000. As I write, cryptocurrency is less than $ 11,000 … a loss of about 45 45. Even more billion 150 billion Lost in market cap
Maximum distortion and grinding of teeth in crypto commentary. It’s neck and neck, but I think it was “I told you” as opposed to “excuse makers.”
Here’s the thing: It doesn’t matter as long as you lose your shirt on the bitcoin. And chances are, the “experts” you see in the press aren’t telling you that.
In fact, the bitcoin crash is amazing … because it means we can all stop thinking about cryptocurrencies.
The death of Wikipedia …
For a year or more, people will not talk about bitcoins at the grocery store or in the bus line, as they are now. Why is here
Bitcoin is a product of legitimate frustration. Its designer made it clear that the cryptocurrency was a response to the government’s misuse of fighting currencies such as the dollar or the euro. It had to provide a free, peer-to-peer payment system based on virtual currency, which could not be debited, as there is a limited number of them.
This dream has long been shattered by crude speculation. Ironically, most people care about bitcoin because it seems like it’s the easiest way to get more fight currency! They don’t own it because they want to buy pizza or gas with it.
Aside from being a terrifying way to transact electronically – it’s extremely annoyingly slow – a speculative game about Bitcoin’s success has made it as useless as currency. If someone is praising it so fast, why spend it? Who will accept when someone is getting depleted fast?
Bitcoin is also a major source of pollution. Processing just one transaction requires 351 kilowatt hours of electricity – which also releases 172 kilograms of carbon dioxide into the atmosphere. That’s enough to power an American family for a year. To date, the energy consumed by all bitcoin mines could provide electricity to approximately 4 million American households a year.
Surprisingly, the success of the bitcoin is old-fashioned Speculation game – Unimaginable free use – has led to government crackdowns.
China, South Korea, Germany, Switzerland and France have imposed, or are considering, banning or restricting bitcoin trade. Several banking organizations have called for concrete action to curb the bubble. The US Securities and Exchange Commission, which once indicated the possibility of approving bitcoin-based financial derivatives, is now hesitant.
And according to Investment.com: “The EU is enforcing strict rules to curb money laundering and terrorist financing on virtual currency platforms. It is also looking at the limits of cryptocurrency trading.”
We may one day see a practical, widely accepted cryptocurrency, but it will not be a bitcoin.
… but a boost for crypto assets
Good. Getting a bitcoin allows us to see where the real value of corrupt assets is. How is it
To use the New York subway system, you need a token. You can’t use them to buy anything else … even though you Can Sell them to someone who wants to use the subway more than you do.
In fact, if the subway tokens were in limited supply, a current market could be prosperous for them. They can even trade much more than the actual price. It all depends on how many people there are Want To use the subway.
This is, in short, the scene of the most intelligent “cryptocurrencies” other than the bitcoin. They are not money, they are Token – “Crypto Token,” if you will. They are not used as ordinary currency. They are good only within the platform for which they were designed.
If those platforms provide valuable services, people will want these crypto tokens, and that will determine their value. In other words, cryptocurrencies will be worth so much that people will appreciate what you can get from their affiliate platform.
It will make them Real assetswith , Internal price – Because they can be used to get something that people value. This means that you can reliably expect revenue or services from owning a crypto token. Critically, you can measure this series of future profits against the price of a crypto token, just as we do when we calculate the stock price / earnings ratio (P / E).
In contrast, the bitcoin has no entry value. It has only one price – through price and supply and demand. It can’t generate revenue streams in the future, and you can’t measure anything like the P / E ratio for that.
One day it will be useless because it does not give you any reality.
Aether and other corrupt assets are the future
Crypto Token Sky is for sure Think Like a currency, its code is traded on cryptocurrency exchanges under ETH. Its symbol is the capital letter of the Greek alphabet. It involves mining for a bitcoin in a similar (but less energy-related) process.
But heaven is not a currency. Its designers describe it as “the fuel for running the distributed application platform Ethereum. It is a form of payment to machines that perform the operations requested by the clients of the platform.”
Ether Tokens give you access to one of the world’s most complex distributed computational networks. It’s so promising that big companies are coming together to promote its practical and real-world use.
Since most people who do this business don’t really understand or care about its true purpose, the price of ether has plummeted like a bitcoin in recent weeks.
But eventually, people will return to a stable price based on the demand for computational services that people can “buy” for. She will represent the price Original value It may cost more in the future. It will have futures markets and exchange traded funds (ETFs), because over time everyone will have a way to estimate its underlying value. The way we deal with stocks.
What will it cost? I have no idea. But I know it will be much more than a bitcoin.
My advice: get rid of your bitcoin, and buy ether in the next dip.
#quotExpertsquot #Crypto #Wrong