Cryptocurrency losing it's essence

[Nova]

I think this is natural. Once the banks and the govt form their own coins. I don't see the value for many small coins that are out there. Especially private coins that are out there. Those coins are going to lose their strong value. And mostly the open source coins are going to be staying there for some time now.

 

[Josemendez]

I think this is natural. Once the banks and the govt form their own coins. I don't see the value for many small coins that are out there. Especially private coins that are out there. Those coins are going to lose their strong value. And mostly the open source coins are going to be staying there for some time now.

The essence of cryptocurrency is thus affected by the present mindset people have towards it . Cryptocurrency should be seen beyond making profit , to a medium for strengthening weak currency

 

[Sotherefore]

You don't expect all the world accept crypto like that as everybody know the world is becoming digital as most of the world are seeing that digital age is already here, they will accept crypto in the future, I think there will be a time in this world when crypto-currency will be the only coin for world trading ,is just a matter of time everything will just come to pass, give it 20 years from now

 

[Prettybabe]

Why do you think cryptocurrency might be losing it's essence? I particularly do not think crypto is losing it's essence.

You can say some coins might not stand the test of time. That I agree.

But the fact that some countries are yet to accept cryptocurrency as a form of payment/exchange doesn't mean cryptocurrency as a whole is losing value. With time everyone will accept it.

 

[Josemendez]

Why do you think cryptocurrency might be losing it's essence? I particularly do not think crypto is losing it's essence.

You can say some coins might not stand the test of time. That I agree.

But the fact that some countries are yet to accept cryptocurrency as a form of payment/exchange doesn't mean cryptocurrency as a whole is losing value. With time everyone will accept it.

You only read the Introductory part of the article . The main article explained what I meant by cryptocurrency losing it's essence .
Well , I am only charging 1000 biznote for that

 

[Akinwale701]

Have you ever wondered why cryptocurrency has never been accepted worldwide ?

Have you wondered if there is more to cryptocurrency ,other than trading and making profit from it ?

This article tends to shed light to these questions.

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I think it would be better if the Original Poster (OP) could be specific about which Cryptocurrency is losing its essence, as for bitcoin, it's so dynamic that it's accepted almost everywhere. Even anywhere bitcoin isn't accepted, a few clicks on the internet would quickly fetch you some bucks through your bitcoin and you settle your bill

 

[Nurudeen]

Crypto currency can't lose its essence. Infact, with the way the all the coin is fast moving at the moment most market place are already using it as a means of payment just to further give more competition to Fiat currency. And some government institution are already considering it too

 

[BrolySSJ]

Have you ever wondered why cryptocurrency has never been accepted worldwide ?

Have you wondered if there is more to cryptocurrency ,other than trading and making profit from it ?

This article tends to shed light to these questions.

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In my opinion I think that the main reason for crypto not being accepted globally is the security concerns that result from this form of currency. Not only can there be hacks and o forth for this currency and people can lose out a lot on the online platforms, but there is also no way for the government officials to control its use, which can lead to criminal activity in this area. This is very dangerous and as such there are countries that do not want to integrate it into their economy.

 

[Abibatabosede]

Crypto currency have never lost it's essence, rather it attract more value to it essensce.
Despite the challenges faced by crypto currency with the fiat money it has managed to gain the interest of some merchant around the world using it as a means of exchange.

 

[Josemendez]

I think it would be better if the Original Poster (OP) could be specific about which Cryptocurrency is losing its essence, as for bitcoin, it's so dynamic that it's accepted almost everywhere. Even anywhere bitcoin isn't accepted, a few clicks on the internet would quickly fetch you some bucks through your bitcoin and you settle your bill

I guess you didn't get to read the full post ,that's why you don't understand what I actually mean by the post.
Well, have you ever thought about how cryptocurrency can strengthen the weak currency of some low tier country?

 

[Damismiling]

Crypto currency as Never lost its essence, and with time am so sure it will be globally accepted as a means of exchange and not limited to only trading and exchange. I wish I could read your article but, the price is too much

 

[Chumzy]

The only problem I see is that, there is no regulation in the market. There are too many coin, and large 90% of them are useless coins that won't see the light of tomorrow.
But other than that, it is a good currency to invest and hold your money.

 

[Kamon c4]

Cryptocurrency has gotten very popular but it hasn’t gotten the trust ground it ought to be because it’s used widely mostly by youths and very few old people endorse it. Moreover the cryptocurrency market can’t be regulated. Large investors with big investments can determine its market. This is one of the reasons it hasn’t gotten the recognition from government

 

[chicnthin]

Some of the reason why it is not being accepted worldwide is because of its volatility, securities concerns and usage for illegal activities.

I wonder when will cryptocurrency finally be available to use in offline market. I don't see it being used in a physical market anytime soon. What I meant by it, is having its own bills, real coins to purchase in the market.

 

[Aniwhyte]

Cryptocurrency isn't in anyway loosing it's value, i agree with you that it hasn't been accepted worldwide, but i won't agree with you that it's loosing its value. I'm glad I had invested some certain amount on it. And I believe someday in the future I would see results.

 

[BrolySSJ]

Cryptocurrency isn't in anyway loosing it's value, i agree with you that it hasn't been accepted worldwide, but i won't agree with you that it's loosing its value. I'm glad I had invested some certain amount on it. And I believe someday in the future I would see results.

In fact it seems to be the exact opposite that is happening at the moment because the value of crypto have been increasing drastically lately to the point where there are many people that have profited quite handsomely from their crypto investments. Especially If you look at coins like bitcoin and Ethereum, whose value has more than doubled in the last month alone.

 

[Aniwhyte]

In fact it seems to be the exact opposite that is happening at the moment because the value of crypto have been increasing drastically lately to the point where there are many people that have profited quite handsomely from their crypto investments. Especially If you look at coins like bitcoin and Ethereum, whose value has more than doubled in the last month alone.

You're absolutely right on this, I really regretted deeply why I didn't invested on bitcoin and etherum all this whole time, early last year I had such intentions but I was afraid. And now I regret everything, it's recently that I have invested on lite coin, XPR, BCH, BTC and etherum.

 

[BrolySSJ]

You're absolutely right on this, I really regretted deeply why I didn't invested on bitcoin and etherum all this whole time, early last year I had such intentions but I was afraid. And now I regret everything, it's recently that I have invested on lite coin, XPR, BCH, BTC and etherum.

I had the same fear as well in the early part of last year. Once the price dropped during the start of the pandemic I was afraid that the price may continue to drop and as such cashed out on a lot of the coins that I had in crypto, instead of buying more. To be honest though I did not expect this in the market. I thought that it would fall during the second wave of the virus as it did when the global pandemic started.,

 

[Lagazine]

Have you ever wondered why cryptocurrency has never been accepted worldwide ?

Have you wondered if there is more to cryptocurrency ,other than trading and making profit from it ?

This article tends to shed light to these questions.

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Really? But the whole world is getting involved in cryptocurrency these days. I can't imagine some countries using it to pay the citizens soon. Cryptocurrency is a nice platform which can be used for many things. I never believed that the whole world has not accepted it.