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Hi All,
I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.
I would like to get back into it but first I would like to find out what is cryptocurrency today.
Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction
Please help me catch up a little
I was surprised, to be honest. One of my friends was involved in the crypto industry since 2014 and has strong faith in these digital currencies. Now he started a company and developed several products by his own team. Some foreign media always keep boasting about the popularity of crypto, but actually, just a very limited number of people know it and fewer engineers know it the underground running theory. So it's basically related to a person's philosophy. Some people hold crypto as a trending, while others think it's a disaster or threat to the current world and will extinguish very soon. So my suggestion is to be careful with everything related to investment. Don't count on overnight fortune. I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.
I would like to get back into it but first I would like to find out what is cryptocurrency today.
Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction
Please help me catch up a little
Some notable stuff to wait for in 2019 concerning bitcoin:
Will these be enough to push up the price? Maybe, maybe not; and just as always, no one knows when the prices will go up.
At the mean time, let's not always focus on price.
Here I'd like to mention the lightning network, which is a trending topic in Chinese crypto industry. Actually, the word has appeared for a few years, but it gained increasing attention from 2018 as more and more people are aware of its convenience. Hope it really brings technology breakthrough for transferring a small amount of money.- Lightning Network adoption
- Privacy features
- Regulations(debatable if positive or not)
- More adoption in general
- More development in general
Will these be enough to push up the price? Maybe, maybe not; and just as always, no one knows when the prices will go up.
At the mean time, let's not always focus on price.
I think some Finance or Technology giants started to get involved in the cryptocurrency industry now. But believe in all the information provided by the media. It's reported that Facebook, Twitter have already developed some software. To be honest, I have never heard about anything from the official announcements until now.