RE: USD pairs on popular exchanges could change everything

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RE: USD pairs on popular exchanges could change everything

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cicbar (67)in #cryptocurrency • 7 years ago

USD and other fiat pairs will happen for sure, it is just a meter of time.
Short term maybe this is bad for BTC but long term is good. Every crypto need to have their own reason to exist and not to go up and down because of BTC. BTC is digital gold and will be less volatile when people start pulling out money from alts.

7 years ago in #cryptocurrency by cicbar (67)

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lordprime (41) 7 years ago

USD and fiat pairs will have a couple of interesting effects:

Bitcoin dominance erodes but also becomes less volatile. People no longer need to buy/sell to BTC to get altcoins
Dominant exchanges will become even more dominant. It's already hard to deal with the wide bid-ask spread of smaller exchanges and the USD pair will only have small spreads on the largest altcoins on the largest exchanges.

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remotediscovery (51) 7 years ago

Bitcoin has many flaws. It's based on obsolete technology from 2009, the processing times are too slow, it requires massive amounts of energy to process, and the fees are too high. The quicker it gets replaced the better.

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RE: USD pairs on popular exchanges could change everything

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