I strongly agree to the title of this post. The cryptocurrency are really changing the world for the better. I am bullish in Steem for long term and dont have any plans to dump any of my valuable Steem token. The world are turning in to e-cash society and the need for the corrupted government are becoming the thing of the past.
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Many overnight millionaires has been created as a result of cryptocurrency
It wasn't exactly "overnight", they had to have mined/bought and held for long enough without selling. So many people sold everything they had when bitcoin hit $10 cents, $1, $10, $100, $1000, and $10,000, only to buy back in at a fraction of what they originally held.
Totally true. It sounds easy to say that that people just became millionaire overnight... IT took them years and holding for long a very clear vision of what they thought the outcome will be even when the nobody believed in it.
Yep I had hard drive fail (no backup of btc wallet) then purchased then sold. Then purchased then sold. If I held then I would have my lambo now.
damn... I believe something similar might happen with Steemits some years down the line... fingers crossed.
Well Said!
:)
I disagree, people who held and forgot about it made a fortune, it was definitely not overnight. Some people doubled their money and then didn't come back in.
Indeed, I wrote down the same here... It's not as easy as it sounds.
years ago yes, but nothing but losses since last December, crypto market is dead currently
Yeah, very catching title that will make you want to read over and over
I suppose that not only cryptocurrencies but also blockchain technology itself should be highlighted as very promising brand new paradigm which can actually totally change (and is changing) the world around us
Too many people only think it's about crypto currencies. It's really about blockchain technology and how it will revolutionize the world. Cryptocurrencies are just the way to transact or transfer value on blockchains...
That is true!
Yo Estoy feliz de poder ser parte de este cambio y poder de una vez por todas sacar a mis hijos y mi hermosa esposa de un enorme pozo economico que estamos sufriendo saludos a todos desde URUGUAY
Espero me sigan amigos
Definitely....and for better !!! :)
There is no other way
Crypto currencies, namely Bitcoin is allowing the world that doesn't have access to a credit card or paypal to make and accept payments online. Its a global currency that is treating everyone as one -truly the worlds first global decentralized currency... USD watch your back!
What is future of Crypto in India and China? I heard some of the countries already planned to ban Cryptocurrencies. Is it really true? I am little confused. :(
Hey @samandsam, actually cryto currencies are not banned in India. Recently The Apex Bank of India has passed a circular in which government warns people to clear out their transactions within July 6th. Debate and discussions have been going on and government too in a great puzzle whether they should allow access to crypto currencies or not. They also want to imply 18% GST (Goods and Service Tax). We Indian people are waiting for the hearing on crypto currencies holding our fingers crossed.
If the government doesn't provide services then there are so many ways that we can get our hard work money. simply, we can go to foreign exchanges ,where they provide us dollars and directly deposit to our bank account in Inr.
I tried my best to reply your question. Hope you understand.
Thanks, Got it.
A real decentralized coin can only be banned, if they put down the whole internet. Of course they can do censorship on websites like Binance or whatever (like what China does with google), but today there are several ways. Don't worry, if it could be banned that easy, many countries would have done it yet... it aims at the heart of their system, they d kill it if they could. ;)
Yes, It's really, I agree with you!
Dear lord..
Thank you so much for writing this important piece!
I couldn't agree with you more.