Ninjastic
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Re: How high can BTC go? Fact-based, with the only graph you will ever need
by
HeRetiK
on 24/07/2017, 07:05:14 UTC
Quote from: jk_14 on July 23, 2017, 10:44:43 PM
Quote from: HeRetiK on July 23, 2017, 10:04:42 PM
Quote from: d5000 on July 23, 2017, 09:56:44 PM
I don't see Bitcoin as much as a competitor for gold than for Western Union. Remittances is, as of now, the field where Bitcoin really excels: The volatility is almost non-relevant - even in bear markets - as Bitcoin remittances take place in minutes to a few hours, and there are no international barriers (apart from prohibitions in, at most, a handful countries).

Yes, so much this. International remittances are abysmal. Even leaving the SEPA zone feels like entering the middle ages and it's still the same continent.
The same is true for international stock trading. The regulations make it quite a painstaking process. Hence, equity participation is another market that the crypto-scene could one day start gobbling up in large chunks. There are already initial signs and tasters for this in some actually legitimate ICOs popping up here and there.

Looking at ICOs I'm actually reminded why there are regulations in the first place... but yeah, international stock trading does indeed seem needlessly complex, expensive and in a lot of cases - non-transparent. Also the traditional stock market doesn't go on 24/7, what's up with that? Tongue