Quote from: BitHodler on February 05, 2020, 10:49:20 AM

I'm waiting for a thread where people wonder if Bitcoin can reduce animal suffering.......

I don't understand why people think that Bitcoin is a magical pill that improves every aspect of our world. It isn't a magical pill and it never will be. It's one of the many alternative assets and that's where it ends.

Bitcoin's actual volumes are pitiful. In reality there is about ~$100-$500 million in daily spot trading volume depending on how much volatility there is. All the volumes reported by coinmarketcap are >98% bogus (ie- nonexistent).

Yet, we could never underestimate the current exact volume of the cryptocurrency's. There are much higher profits in trading with the crypto markets and hence the initial amount we could see in the marketcap can be extended in no longer time. Also there have been a lot of people who are actively engaged with cryptocurrency trading and most of those have immense benefits from the advantages offered by the decentralized markets.

These money directly increases the economy of each country as the profits won here are directly available for withdraw without involving any centralized authority which means we never have to pay any taxes and hence the GDP might not rise but the people in each nation who are related to crypto trading might stabilize their financial lives and start developing some local businesses which would directly lead in the development of the county.