Today I want to talk about the Bitcoin and crypto vs. the US Dollar.
This time last year the price of Bitcoin was about $650 and now it's $2793. When you consider the declining value of the US dollar due to hyperinflation it's clear to see that it's not so much that the value of Bitcoin has gone up but that it's costing more US Dollars to buy the same amount of Bitcoin.
It appears that Bitcoin is exposing the flaws of the US Dollar and fiat currency systems. This is most likely how trading bots are earning 1-2% per day. It's becoming more apparent that we all have a value proposition that could be verifiable through proof of work, stake, or both. Blockchain technology could be the tool that will allow communities to self govern and bring balance to the scales of value in the free market.
It's a BOOM like no other!
What do think the future holds for fiat currency, Bitcoin, and the US Dollar? Leave a comment below.
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I had to UP Vote this because I support the Champagne Man and the CRYPTO cause.......
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kaBOOM!
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f**k fiat , long live crypto!!
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KaBOOM!
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My man
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I've just bought a Bitcoin for my little puppy!
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Buy the pup some Ether too!
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Well, the only thing that hinders me from investment a good portion of my savings is security fears.
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Your not the only one @discernente. Let our communities and our blockchain's turn those fears into courage. keep BOOMIN!
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That is a fear that everyone has, but just keep in mind that the cryptocurrencys market is tiny compared to the conventional markets, then the market will continue to grow and invest in cryptocurrencys in a very good investment, medium and long term!
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KaBOOM. We have all the potential!
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Hahaha the intro was lit😂
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Thank you @steemhoops99 Glad u enjoyed it!
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Typically I look at things in terms of BTC, but when it comes to THE LITES! I trade LTC/BTC. I actually think BTC is the volitile currency though. It's doing the BOUNCE BOUNCE BOUNCE as it goes HIGHER HIGHER HIGHER! It's bouncing UP UP UP, while the USD is just deflating. It's just losing value, it doesn't have any bounces, it doesn't have any volatility, it's just a slow steady trickle!
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fiat currency will decline gradually as crytocurrency is booming, but yes it will take some time. @champagnecrypto
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I see bitcoin going even higher.
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All the way up!
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What's up dude! Check out PIVX, they are launching their mobile wallet for android on July 28th, also Potcoin is making moves and is very undervalued , could easily see Potcoin grow to $1-$2 in the next 3 months
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Will do @willybobob Thanks for the heads up!
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Good bro, there are many coins that are working quietly and have a lot of potential.
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Good stuff...!
I am a complete supporter of Bitcoin over the USD. The USD holds no value for the little guy, but yet BTC and other Cryptos are gaining value consistently.
USD is worthless
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Congratulations @champagnecrypto! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
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@champagnecrypto got you a $2.49 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
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