RE: Behavior and evolution of cryptocurrencies ten years after its creation / What to expect from them in the future?

[jbgarrison72]

Consider that crypto currencies which are only traded back and forth for fiat currencies. Few cryptos are used very rarely to buy actual goods and services themselves and thus are still simply riding on the "bubbles" of those fiat currencies used to trade in and out of them.

"Value" for BTC right now is largely based on how much USD you can sell it for while only a tiny portion of the value is tied to any actual commodity, good or service, but hey wait, there's always the smoking hot alpaca sock market!

Comments

[fucho80]

Few crypts are rarely used to buy real goods and services on their own and, therefore, are simply mounted on the "bubbles" of fiat currencies used for trade in and out of them.

That is very true and we can not say how many cryptocurrencies will be accepted as part of payment for goods, but those accepted today are paving the way for others to follow.

If the thing is given up to this time it will continue advancing, taking ground and begin to join for and exchange for goods other cryptocurrencies. This is unstoppable.

Thank you for participating and leave this great comment.

Pr EV

[crypto.piotr]

Another great comment @jbgarrison72.

I was wondering why did you stop posting anything on Steemit. 3 months since your latest publication is quite a long time :(

Yours
Piotr

[jbgarrison72]

Thanks @crypto.piotr, I have been slow posting lately but I am involved with Steemit for the long term. :)