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RE: BTC Wedge Broke to the Upside - Long-term BTC Analysis Oct 16, 2018

in #btc6 years ago (edited)

It's nice but ATM integration is not what drives any cryptocurrency coin. Long-term such a thing would be nice since it in theory promotes wider adoption and use. But realistically, crypto is not viable as a currency for ATM's at present, or likely anytime within the next 10 years (in the US). As a currency, crypto is only slightly more convenient in certain countries where inflation is high and the local money is not trusted.

Crypto functions really nice as a worldwide currency accountability system, whereby if any countries get too ridiculous, the locals start favoring crypto. But like in the US, we'd never want it because having a predictable amount of inflation annually, is better than 300% increases followed by 50% declines in currency value.

But if STEEM gets the ATM selection, it could cause a temporary pop, it's not going to be the factor to drive it to $10 USD, though.

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Thank you for your thoughtful analysis, I appreciate it.

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