I am still under the impression that crypto is a volatile currency and is still very unpredictable. With that being said, I was curious if crypto can one day become viable currency alongside the USD and other countries currencies?
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It is true that you cannot separate cryptocurrency from the USD because it is used as a yardstick to measuring the cryptocurrency and the both go hand-in-hand which is why they're inseparable.In the real sense, it is very impossible to separate cryptocurrency from the US dollars because the US dollar is used as the standard of measurement for cryptocurrencies.
The USD and the cryptocurrency are both Current that are used to measure each other and in the world of cryptocurrency is usually expressed in the US dollars and that is why they are together.It is true that you cannot separate cryptocurrency from the USD because it is used as a yardstick to measuring the cryptocurrency and the both go hand-in-hand which is why they're inseparable.
It is impossible for cryptocurrency to replace the US dollar because they are two different things entirely. Cryptocurrency is a commodity and cannot replace money because it does not possess the attribute of money.Cryptocurrency has a lot of prospect in the coming future and many countries have been adopting it even though not all have done that. It might not necessarily replace USD but they can both exist
Yes , just like most of the Forex pairs, they are with the us dollar, but for me I think forex is more preferable than some of the cryptocurrency, but it a depends on the knowledge you are having.Cryptocurrency and the dollar would always go hand in hand. That's because the value of all cryptocurrency would always be measured with the dollar.
Nice write up. If you have the knowledge of what you are doing you can earn a considerable amount of money from cryptocurrency,it's all about having the knowledge.Although there are a number of obstacles to overcome, cryptocurrencies have the potential to coexist successfully with the US dollar as a form of payment.
The biggest difficulty is volatility. Because of their price swings, cryptocurrencies are not suitable as a reliable store of value. The widespread use of cryptocurrencies as a medium of exchange or a unit of currency may be significantly hampered by this volatility.
The issue of little acceptance is another obstacle. Cryptocurrencies are still not accepted by the majority of businesses, despite the fact that some retailers and establishments are starting to accept them as a form of payment.
Also, there are regulatory issues with cryptocurrency.