Crypto currency (IF banned from CA)

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Is the point of Crytocurrency to one day replace or co-exist with real money, or is it just something internet dangers can try to make money off?

It's existence is confusing as I thought it was supposed to be something people would actually use.
 

McBain said:
Is the point of Crytocurrency to one day replace or co-exist with real money, or is it just something internet dangers can try to make money off?

It's existence is confusing as I thought it was supposed to be something people would actually use.
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I think one of the issues atm is that people are undecided as to whether it should be a currency, and thus a replacement for fiat currency, or as an asset.

At the moment it’s way too volatile for it to be the former.
 
mill said:
I think one of the issues atm is that people are undecided as to whether it should be a currency, and thus a replacement for fiat currency, or as an asset.

At the moment it’s way too volatile for it to be the former.
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The entire concept in it's current state, smacks of dodgyness. A Bitcoin needs to equal a dollar or pound and why an imaginary unit of currency doesn't is the reason why it'll never take off.
 
McBain said:
The entire concept in it's current state, smacks of dodgyness. A Bitcoin needs to equal a dollar or pound and why an imaginary unit of currency doesn't is the reason why it'll never take off.
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the entire concept of bitcoin is to replace corrupt central banks,
only in this country could someone who makes money be regarded as an "internet danger"
are you communist?
sorry but its already taken off,you are about 5 years late!
 
nikom court said:
the entire concept of bitcoin is to replace corrupt central banks,
only in this country could someone who makes money be regarded as an "internet danger"
are you communist?
sorry but its already taken off,you are about 5 years late!
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Well the entire concept looks a scam my friend. If a 'corrupt' central bank is only there to make money I'd rather there be a better system than what Bitcoin promises which is unsustainable. It's another dot com bubble that will come crashing down to earth.
 
McBain said:
Well the entire concept looks a scam my friend. If a 'corrupt' central bank is only there to make money I'd rather there be a better system than what Bitcoin promises which is unsustainable. It's another dot com bubble that will come crashing down to earth.
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a 13 year (so far) dot com bubble!
 

Blockchain is largely usesless technology, nobody wants slow expensive databases. However, they are very very good at one things, which is creating a censorship resistant network.

BTC will be never be used as a currency, there are less retailers accepting it now than 5 years ago.

Crypto currencies are basically speculative assets, but it is the fasting growing asset class of all time and truly is the only chance to 'make it'

putting your savings into an ISA or a tracking fund you may get 10-20% APY if you are lucky, otherwise you will barely beat the insane inflation that is going on right now.

Crypto is volatile and the ups and downs are crazy, but if you can make the right investments and hold them over time you are likely to make huge huge gains. Just look at BTC and ETH with 6million X and 500,000 X gains from one dollar.

For everyone saying 'but how do you cash it out' its actually very easy to convert to fiat, then you pay 20% CGT just like if you sold shares in a company.
 

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