Interesting read although it could use some editing. Despite big names in various industries saying yay or nay to good old BTC, it appears to be trucking along just fine. The violent fluctuations aside, we can see a steady upward trend in value and use. And there is literally no reason I can think of why that wouldn’t continue.
Of course, there is no substitute for the cumulative effect of market forces and reactions over time so it’s probably best to err on the side of caution with BTC and other cryptos. Things are happening so fast in so many places and in so many ways and it’s all really only in its infancy.
It’s interesting to ponder on how things will look in another 3 to 5 years.
Hey @technoguy
You make some excellent points!
I noticed you have repeated the response a few times- I know sometimes our responses don't go through or via glitch get repeated.
You mention editing- I am a newbie to Steemit and would love your input on where I could improve this area for future posts.
Anyway I have just made another post before spotting this feedback- take a look and let me know your thoughts. It would be much appreciated.:
https://steemit.com/bitcoin/@shenobie/hypocrisy-in-the-cryptocurrency-universe-and-why-the-financial-industry-is-loves-it
Cheers,
Shenobie