Bitcoin showed itself better than marketable securities
The markets of securities, debt bonds and bonds have gone a good way in the last 6 years, after falling to the bottom in 2009. But it seems like “honeymoon” is coming to its end. The reducing of Chinese GDP as well as some other economic indicators triggered a domino effect regarding other world economics.
For the first time we started watching the effects of financial thaw in China in August 2015. From the beginning of the year we were witnessing constant reminders of how fragile the international security markets are, when the case is about the appearing of a bear market in China.
It is also connected with the concern about the healthy international trade because of the European Union that didn’t manage to get out of the recession of 2008. Even such countries like Russia and developing countries like Brazil literally fall into the trend of a negative growth of CDP.
The condition of the macroeconomics in 2016 seems not to be flourishing at all. It is worth expecting a few geopolitical events that will influence the common course and show their authoritative pressure. Even a variant of $10 for a barrel of oil will be possible. But all this is among the fears about deflation pressure and weak global economics that create even more panic than in 2008.
A neutral alternative that works
All basic world currencies have lost against the US dollar and among them the Canadian currency got the most cruel blow – loss of 16% cost. Many currencies of developing countries also were on the line, for example, Russian ruble lost 21% and Brazilian real – 30% of their cost. Bitcoin, a currency without borders that is managed by the mathematicians, has managed to overcome any other currency with its level of growth for 2015.
To 2030, Bitcoin may become the 6th largest currency in trading. The calculations show that banks and financial institutes are ready to spend at least 1 billion dollars for the development of the crypto-currency as well as its technology. Bitcoin attracts the attention of the sharks from Wall Street and we can make a conclusion that Bitcoin is under constant development and improvement and is definitely still alive. Bitcoin became the most productive accept of 2015, if not taking into account the market capitalization.
Why bitcoin?
Bitcoin’s main competitive advantage lies in the very small commissions, which makes it attractive for sellers and consumers. Bitcoins becomes a preferable currency for freelancers as it offers almost instant money transfers with a very small commission. Only a few cents will make your transaction confirmed and you will send any amount wherever you want.
Read More: www.ecoin.eu
