Post
Topic
Board Economics
Re: What will happen if the all countries convert to cryptocurrency?
by
onyek16M
on 09/12/2019, 10:28:21 UTC
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

disadvantage of that thing is when cryptocurrency having dropped price, we are loss. as we know that bitcoin has fluctuation its make not stable price so if you convert your fund to cryptocurrency not always value your fund same anytime.
i know it also happen in USDT but in cryptocurrency change is so drastic than USDT, maybe it one of reason country not use cryptocurrency