Why Cryptocurrency and is it big disappointment ?

in cryptocurrency •  7 years ago  (edited)

Everybody are talking about cryptocurrency and everybody are exited about the prospect of earning lots of money in a blink of the eye, but people forget about one obstacle "nothing comes easy in this world without Hard Work" and if it does than it is note worth of wasting your time.
i pity people who thought they could earn money from mining and took loans... they will be very disappointed
please comment if u think otherwise .... Thanks

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Here we just share information and seek friends

  ·  7 years ago (edited)

I remember someone who wrote a post on reddit that he got a mortgage loan from bank about $40M and he will use all of the money for bitcoin.. It was March this year, and I thought it is ridiculous and 'I pity him' because price of the bitcoin at that time was more than $900.. But as you know, it is more than $2500 right now... lol..

Crypto does indeed not generate wealth. What people hope for is a kind of wealth transfer from fiat to cryptocurrency. This hope is not unwarranted given the fact that fiat is - under certain circumstances - clumsy (especially in digital situations) and cryptocurrency has certain other unique features.

The most unique feature, decentralised trust backed by math, will remain a core driver of the rise of cryptocurrency. This can only become stronger when crisis in fiat starts in earnest.

Hey that's an interesting post. I'll follow your account to see how you doing :). Please follow me @barteksiama.

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  ·  7 years ago Reveal Comment