What has changed? Is it moving forward?

[denzkilim]

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

LOL, there is no way Crypto Currency will replace fiat because of a lot of factors to consider and it will never ever happen even in the future.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

It has not changed much in over the four years you were away. The adoption has increased and also attention from government and external industries.
Bitcoin is not slowly replacing fiat, I do not think it is meant to replace fiat currencies.
It is an alternative currency

Moreover, crypto transaction is faster than before. The adoption of crypto is faster and then the price gets lower but still it is popular in the market. It is an alternative currency which will not replace even fiat. For now with the price, it is an investment to everyone which hopes to gain when the price gain a recovery.

The transactions are faster because there is no congestion unlike what happened way back in the year 2017 where the hype is too much and a lot of people are diving into Crypto Currency with the sole intention to multiply their money in a very fast way without knowing what kind of industry this is. If there will be hyping again just like that year it will surely make the transactions slow again because of the number of people that will use Bitcoin and there will be network traffic again. We are experiencing fast transactions right now because there are only a few people using Bitcoin and expect another slow movement of a transaction when the bullish market season comes in.

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[sijonru]

Pumps and dumps are just a usual event in crypto trend and we can't finally say that we are headed for another bull run cause it still still not moving hard. I may consider these is just a usual fluctuations and anytime there is a possibilities that it will turn back into declining.
But we could be more optimistic at this time and be more observant with the market cause it is more important to analyze the trends and be safe from losing.

Crypto price fluctuations are something that is common, just like stock trading or forex. What distinguishes crypto is a digital currency that is physically absent, but its value changes very quickly. Even very large, so it becomes a debate whether it is good for crypto progress or not.
In my opinion it is good, because price fluctuations are an attraction for investors to invest their money, with the aim of obtaining greater profits than trading fiat currencies. Because the majority of crypto owners are speculators.

[thesmallgod]

First, to start with, transaction speed has not been a major problem in cryptocurrency because it depends on how congested the network is. meaning the speed can be fast today and might not tomorrow. About crypto replacing fiat.This is another area in which many projects have make their goal but for me, I do not think its possible for crypto to replace fiat due to large amount of people globally who do not have access to internet not to talk of those that do not know what cryptocurrency is all about. some that even know are complaining about how complex it is to understand.

[thesmallgod]

It has become an investment vehicle more than a tool that is replacing fiat. Almost all regulations covering cryptocurrencies are also related on it being an asset/investment rather than a transactional currency, so not much has changed. Price wise, it has changed drastically, though I think it's an improper metric to gauge whether bitcoin has become successful or not.

Overall, I'd say bitcoin changed for the better, at least when comparing it to 1014 market conditions.

in terms of price as of now, it's still not good for everyone after we experienced the bull run last year. We are all waiting for that to happen again. Cryptocurrencies and ICO's will rise up again. Just dont lose hope and keep on supporting Crypto to have more investors.

Everyone might be waiting for the next bull run but that certainly will not improve the reliability of the cryptocurrency because the bull run will not continue for life, meaning crypto will still end up struggling after the end of any bull run. The most important thing is to be bringing up an idea that will strengthen the cryptocurrency through more acceptability globally. This is the only way forward to building a sustainable digital asset that we may not need to wait for the bull run in which later hot crypto and bring negativity to crypto at large.

[dongyi17]

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

Some people expect when they invest in crypto they will earn fast and more profits, but its defend in the market situation and how many people use cryptocurrency, for me investing in cryptocurrency is a long term investment. You need courage and patience to do this.

[purple.thoughts]

Cryptocurrencies are still in the market now and there are still so many kinds of tokens released from the market nowadays. Is I think, cryptocurrency still continue to move forward make its price high in the market. There are just other crypto that hit its price very low this year just like bitcoin and other.  Best advice from me is to invest first a small amount of money to know if you will be able to get back your investment from it.

[n0ne]

The cryptocurrency market showed a sudden increase in the price all of the sudden and the same didn't last for a much longer time period. From the experts prediction it is said that the price seems to move forward and fall back as a Rollercoaster. Upon this there is nothing to get panic, the marketcap has reached a ten month high which assures growth.

[alina345]

well, it hasn't changed much except more people know about it now.
More people are aware of this digital currency now and some Merchants and shopkeepers have started to accept them but
it's not going to replace fiat anytime soon or I should say never. Majority of the world population still believe in fiat. Bitcoin is good and maybe its value go up in the future but it's still a million miles away from replacing fiat.

[Oceat]

well, it hasn't changed much except more people know about it now.
More people are aware of this digital currency now and some Merchants and shopkeepers have started to accept them but
it's not going to replace fiat anytime soon or I should say never. Majority of the world population still believe in fiat. Bitcoin is good and maybe its value go up in the future but it's still a million miles away from replacing fiat.

Changing fiat to cryptocurrency might not work that way but if these two would collaborate then that would be another good idea to promote both fiat and cryptocurrency. Most people doesn't know what is cryptocurrency is and what is Bitcoin actually, that's why they prefer fiat instead of crypto.

[buwaytress]

The cryptocurrency market showed a sudden increase in the price all of the sudden and the same didn't last for a much longer time period. From the experts prediction it is said that the price seems to move forward and fall back as a Rollercoaster. Upon this there is nothing to get panic, the marketcap has reached a ten month high which assures growth.

I sincerely hope you never give advice to people or people listen to your technicals. Marketcap assures nothing...

Not that I'm ever going to defend experts, but to be quite fair, experts actually have been warning of a pullback, as early as Thursday. Saturday saw some people jump the gun and say they were wrong, but in fact I was actually surprised to see the majority of weekend TA say a pullback was likelier. And it happened.

[logicgate]

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

Some people expect when they invest in crypto they will earn fast and more profits, but its defend in the market situation and how many people use cryptocurrency, for me investing in cryptocurrency is a long term investment. You need courage and patience to do this.

  Nothing happens faster or in days because if you are planning and hoping to have something bigger for this you will have to wait for fruitful result, otherwise being rush to reach your goal you will get distracted or you can take wrong decision which is all about lose, to prices in market are getting better now and things are getting back to the track to have patience and wait please.

[DigitalCyberius]

A look at https://coinmarketcap.com/ for Bitcoin over the last 3 years should give you a good piece of the picture. It saw a lot of hype last year that saw it rise to around $20,000 per BTC, and then towards the end of the year it epically crashed losing the majority of that value, and has been on a long bear market ever since, though it's gained some value over the last month. For the most part, it seems to have turned into a investment instrument, probably best for active trading if you have good tools and know what you're doing. Some people have been saying that blockchain has more potential than crypto. There's been a ton of hacks on exchanges, and some issues with blockchains found and exploited. Ripple seems to keep getting institutional investors to join it. Different countries have talked about creating national cryptocurrencies. Regulations have come and changed.

Probably won't replace fiat, unless a government body decides to make centralized tokens mandatory... in which case it's still not really replacing it. It may slowly be accepted by some stores here and there as an alternative payment, but replacing fiat... eh.

Hope that helped a little bit,
Have a good day,
The Cyberius team.

[XZERO1]

Cryptocurrencies may not replace fiat in the foreseeable future, but I think they will be used more and more gradually by normies (because of some newer coins that are entering the market that are both easy to use and fast), specially when they know they will be immune to devaluations by holding crypto if the time comes and we see another financial crysis.

[needtor22]

I think you can invest in bitcoin now, because now the price of bitcoin is also still relatively cheap, so for me right now it's also an opportunity to get more profits by waiting for a while with a higher bitcoin price.

[MiguelCryptoss]

in general, people invest in bitcoin for the long term ... but in some developed countries they also use bitcoin as a transaction tool ...

Though one could say that Bitcoin is gradually replacing fiat and in another  scene Bitcoin has replaced fiat in terms of transaction. So, in my opinion Bitcoin is moving very fast and sooner than later it will replace fiat.

[Ayiranorea]

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

Some people expect when they invest in crypto they will earn fast and more profits, but its defend in the market situation and how many people use cryptocurrency, for me investing in cryptocurrency is a long term investment. You need courage and patience to do this.

  Nothing happens faster or in days because if you are planning and hoping to have something bigger for this you will have to wait for fruitful result, otherwise being rush to reach your goal you will get distracted or you can take wrong decision which is all about lose, to prices in market are getting better now and things are getting back to the track to have patience and wait please.

This is common with everything, when related to cryptocurrency one needs much more patience to achieve big. In the mean sometimes in the long run results might go against our prediction. It is us who take the necessary steps to stay active in the market overcoming the price variations. Maybe it is difficult for users, but it is achievable and lot many have followed it while very few on luck has profited big in short or even within weeks.

[Webberson]

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

Well, since you said you have been away for 3 years now, it will interest you to know that cryptocurrency attained a great height in 2017, in terms of price. But from the time you started which is 2014 to the current day that we are in right now, it can still be said that cryptocurrency has not actually changed, but has rather gained more recognition and acceptance.

[mikaeltomcruz12]

For me the reason is not all shops are pull fledged operational using vitcoin for payment some are using for a teial if bitcoin will be legalized to all country, I think the transaction will be faster.

[radjie]

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

Well, since you said you have been away for 3 years now, it will interest you to know that cryptocurrency attained a great height in 2017, in terms of price. But from the time you started which is 2014 to the current day that we are in right now, it can still be said that cryptocurrency has not actually changed, but has rather gained more recognition and acceptance.

to date, cryptocurrency has become very familiar to internet users, and has been the talk of many people because many people got rich in 2017 yesterday because the price has surged beyond expectations of all its users

[Best Dreams]

in general, people invest in bitcoin for the long term ... but in some developed countries they also use bitcoin as a transaction tool ...

Though one could say that Bitcoin is gradually replacing fiat and in another  scene Bitcoin has replaced fiat in terms of transaction. So, in my opinion Bitcoin is moving very fast and sooner than later it will replace fiat.

Exactly now no is agree to use fiat because they have got better option than that so why would be spend their time and money to buy things while they can Oder anything online with help of bitcoin so same as you I am very sure bitcoin has almost replaced fiat and it is getting ahead in market for rapid increase in price and volume.