Future of Cryptocurrency
2017 was a great year for Cryptocurrency and Blockchain technology. This is due to fact that unprecedented price surge of the Cryptocurrency especially Bitcoin. Bitcoin price changes from $1k to $20k. Not only Just Bitcoin, Other altcoin also shows positive price movement.
Source
Ethereum was 0.22 million times up from its ICO price. Can you believe it? This is hard to believe that Ethereum price was so much from its ICO price. Verge price also shows upward trends. Other Cryptos like LTC, XML, ADA and to name a few, Price was unprecedented.
We should not measure any Cryptocurrency by its current price. Still Bitcoin is the highest priced Cryptocurrency. Some argued that It is not possible to use Bitcoin as a digital currency or currency. They have their own judgement. Sometimes it is quite logical. For example:
- Cryptocurrency is highly volatile
- It Has no intrinsic value
- Cryptocurrency is useless as a payment method
If you recall the price of PIZZA paid by Bitcoin. Current price of that two pizza is more than $100 million in terms of current prize.
Source
To use as a form of Currency, Price of Cryptocurrency should be stable. current trend is not suitable for payment method. Personally, I will not pay my employee with Bitcoin.
Thank you for reading this post
Please upvote this post if you like, Thank you
Recommended Exchange: https://www.binance.com/?ref=15657672
Hardware Wallet: https://www.ledgerwallet.com/r/dd73
HELP ME REACH 500 FOLLOWERS!
Steemit: https://steemit.com/@coinkaka/
Thank you for all of our support and upvotes!!!
Best Regards,
Comments
You can login with your Hive account using secure Hivesigner and interact with this blog. You would be able to comment and vote on this article and other comments.
No comments