Post
Topic
Board Economics
Re: Is Bitcoin the next big thing?
by
charlemagne_15
on 07/05/2018, 14:45:33 UTC
For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?

Cryptpcurrencies are surely the big thing but it doesn't mean that bitcoin is replacing the fiats because first of all it was not created to destroy the system of fiat but rather co exist with other cryptocurrencies and in that people will have a lot of option to store and use their money. Bitcoin is a good investment because the value of it sometimes reaches its peak. People are interested to it.