Post
Topic
Board Bitcoin Discussion
Re: Downsides to crypto
by
CrimBit
on 08/10/2018, 15:01:15 UTC
If and when cryptocurrency and/or bitcoin becomes the official currency of the world, do you think there will be a downside to it? If so, what do you think the negative effect will be once cryptocurrency becomes a worldwide currency?
Bitcoin is the best if compared to other crypto, you can see in terms of price, Bitcoin is far away from its closest altcoin, Ethereum. But irregularities in production and distribution are weaknesses of Bitcoin because of the fault of miners and this affects the price of bitcoin. Another thing is its volatility which is the biggest reason behind the investment crisis. Some other side is his involvement in criminal activities.