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we are so close to experiencing this phenomenum completely, banks are less relevants these days and a day will surely come when banks will be completely obsolete, people are getting to that understanding now that it is wiser i put my money to work to yield more money through investment in crypto currencies than allow it depreciate in value in a savings account.
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I think bitcoin made a huge job market for the IT industry because the demand and the popularity bitcoin gained during last couple of years many organizations in various industries started to launch there own digital currency to make there business more effective and efficient with that they had to recruit large number of IT employees.Still no idea roughly how many job vacancies were created in the crypto world but it is increasing
yes i agree with this, bitcoin has created jobs since it inception, and more jobs are still been created, government should encourage bitcoin so that as more people begin to adopt and use the coin due to the trust they have on it via the government endorsement, more and more jobs will be created. |
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i know he might be sitting somewhere now lamenting, especially after reading comments from other forum members that are not encouraging, but i tend to pick something from this friend of yours and that is the ability to take RISK. if he continues with such heartset then definately one day, fortune will shine on him, kudos bro.
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well as sad as this may sound to other forum users who were affected by this new policy, i think its a step in the right direction for the forum and newvies alike, they should understand what this forum stands for, constructiveness is the watchword.
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the blockchain wallet is a very good wallet for storing bitcoin for a long term, i have been using the wallet for 3 years now and my bitcoin has been safe. i would advice you give it a try.
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Before we begin to doubt and comtemplate the future of bitcoin, we should understand that the world is creeping into digital system of things and when that time finaly come, the need for a digital method of transactions will be high, thereby making bitcoin adoption on the high side, so you see, the future for bitcoin is secured and intact.
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in my own oppinion i think having crypto currency is more safer than holding money in a bank account. My reasons
1: bitcoin or cryptocurrency are not subject to economic activities like inflation or deflation, when you hodl cryptocurrency, the idea is for it to double within the next few years but you cannot say such about the money in one's savings account that looses value during inflation.
2: a not completely exonorating risk factor from crypto currency, but the banking sector faces more risk of liquidation, and during liquidation, only preference share holders get reimbursed, rest are left with nothing.
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rather than becoming obsolete, bitcoin will appreciate in value, saying bitcoin will be obsolete, is like saying fiat currency will one day have no use case, is that even possible? bitcoin is the fiat of digital business and will never go obsolete.
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there are lots of fake and dobious exchanges on the crypto space, so one should trade cautiously and carefully in order not to loose your investments and tokens.
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the main reasons i think some countries are against crypto currency is majorly due to the fact that crypto currency is not taxable, and as we know, taxes is a means of generating revenue for any country. Thats why the government want to regulate the activities of cryptocurrencies.
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for a very smart trader or investor, this is the best time to buy and hodl etherum, now that the price is down, that is what a smart investor do, and saying ethrum will become useless and worthless is very wrong notion and prediction. Ethrum shall rise again
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Apart from the above mentioned demerits of not regulating digital currency, regulating cryptocurrency will yield the much needed result ''mass adoption'' thats what we are crave for right? Citizens have this confidence on the government that they always endorse legit business and innovation, they seldomly shy away from anything thats does not have the support of the government.Government regulation of crypto will lead to a boost in the use cases of cryptocurrency.
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