Is digital currency madness finally over?

in cryptocurrency •  6 years ago 

Madness? I am not sure if that’s the right word you should be using. It’s awareness.

People are getting find out about Cryptocurrencies and how you can get rich within no time. Greed rides, they put money into it to make a quick buck, creates demand, attracts Whales and you get to notice madness.

That’s pretty much it, nothing more nothing short.

I am not sure if you are concerned about the future of Cryptos or just one of those who are waiting anxiously to get to see their friends doomed and say the golden words, “Told ya! Don’t invest in nothing”.

Yes, that’s the word nothing. Synonym to Bitcoin etc.

I remember when I first told my father that I would be investing in Bitcoin. He curiously inquired about it and I gave a nice long speech (he’s not a tech guy). And in the end he gave me a worrisome look (probably saw Armageddon) saying;

So, you want to invest in something that does not exist, nobody owns it or controls it. I thought you had a degree in Finance?

Well, needless to say I invested and he saw that madness all the way. Now he has a very nice App that notify about the ups and downs. With every spike, he would say, may be you wanna sell it this time? And I say;

It’s just another opportunity.

People just don’t realize the importance of Cryptos. We are travelers of the 21st century and some of our peers still has to suffer unemployment, hunger and blah blah. Why?

Hundreds of factors, and one small contribution is centralization and circulation of money.

I can’t wait for 27+ TRILLION dollars in tied-up capital for days. I can’t wait for SWIFT to tie up 5 TRILLION dollars daily for another 4–5 days.

And Black Economy? Don’t even talk about it.

Imagine all this put into Economy, money into circulation and transactions being instant. Delicious !

I know you are worried about the recent news coming out of China. After all it’s hard earned money. But hey ↓download.jpg
My friend! It has just started to begun

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

To the question in your title, my Magic 8-Ball says:

As I see it, yes

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.quora.com/Is-digital-currency-madness-finally-over

Good work friend

I dont think so. I will stick to the predictions from many whales that is 20k dollars this year.

It's the power of bitcoin

I dont think that way.. It will hit 20k$ soon by end of the year

Congratulations @lovingshubh14! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!