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RE: Why Cryptocurrency is Better Than Fiat Currency

in #deeponion6 years ago

A very positive article about cryptocurrencies and no wonder because it was written when bitcoin value was about $10k. After a year of a bearish market and current bitcoin price of $3.5k, I think everybody knocked down a peg. I fully agree with your arguments in favor of cryptocurrency, but I think it has some disadvantages as well. The cryptocurrencies are extremely volatile and this feature can’t be regarded as positive if we want crypto to become a payment method and to see mass adoption. The crypto became very speculative assets. The number of fraudulent cryptocurrencies grows along with crypto popularity. Nevertheless, even at this early stage of development, cryptocurrencies are better than fiat. And the economic situation in Venezuela has proved it.

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