Quote from: asus09 on November 28, 2019, 01:56:42 AM

Quote from: Wysi on November 05, 2019, 08:31:02 AM

We have seen some of the assets backed crypto coins in the market on the way and do you guys think this will be the future as this is directly based on national assets like gold and other products like charcoal and energy based products. This will help in growth of country's economy if not taken over by greedy corporatesand and and will it have government's support or soft corner in the regulator's eye as it will bring in some money from outside.

When you backed your assets with cryptocurrency you have help your self with getting much profit later, but if keep your asset with cash money and save on the bank you have help your country with your saving money but you can't help your self because assets is not increase with higher, better keep hold your money in bitcoin to increase earning and get much profit.

Just be prepared with price fluctuations along the way. The price of fiat is stable but it is also losing value over a certain period of time. Bitcoin's value is increasing in the long term but there are many price dips going there.

Asset backed crypto is good in a sense because their value is pegged on something valuable unlike other cryptocurrencies that are created without anything to support its value. But in the end, it will be all about demand.