Quote from: bitvalak on November 28, 2019, 07:00:38 PM

Quote from: EdmonLeung on November 28, 2019, 10:39:57 AM

Lets talk about a simple yet important currency valuation perspective; cryptocurrency or fiat.

This valuation approach starts with the interpretation of an essential concept that has been put conveniently within the definition of the word cryptocurrency-a subtle definition that has been lost on many investors, sadly.

Looking at the word cryptocurrency more closely, we see that it is a compound word-that is, two smaller words combined to create a new word with its own meaning:

CRYPTO: a word cryptography abbreviation; the art of writing or solving ciphers and codes;
CURRENCY: something used as a means of exchange; money.

Cryptocurrency is generally defined as a compound word as a digital currency that uses encryption as a mechanism for validating and verifying transactions.

So what is it that lends itself to a new perspective on valuing altcoins within the term cryptocurrency?

What Is Currency?

Currency is a medium of goods and services exchange. In short, its money, usually issued by a government in the form of paper or coins, and generally accepted as a method of payment at its face value.

In the modern world, money is the main means of exchange, having long since replaced bartering as a means of exchanging goods and services.

A new form of currency entered the language, the virtual currency, in the 21st century. Virtual currencies like bitcoins have no physical existence or support from the government and are traded and stored in electronic form.

Read more DoggBitCoin.Com

How can I judge if 2020 hasn't happened yet. We have to wait until 2020 to be able to give an assessment of what altcoin is like.
Because it is impossible to judge before we know what will happen in 2020, but for now I say altcoin is a good innovation to become a more complex alternative payment tool.

I would like to argue with you, since now it makes sense only for short-term investments in altcoins, and it rarely turns out to grab at least some kind of profit, but generally most often losses, I dont know, maybe you are talking about long-term investment, but I think that its not worth it hope now because the real growth of altcoins will begin only after Bitcoin has updated its maximum and then it will be possible to think about investment in altcoins. Now its a waste of money nowhere.