Germany Machine To Get Codes And Messages From The U.S The "Experts" Are Getting Crypto All Wrong

You are searching about Germany Machine To Get Codes And Messages From The U.S, today we will share with you article about Germany Machine To Get Codes And Messages From The U.S was compiled and edited by our team from many sources on the internet. Hope this article on the topic Germany Machine To Get Codes And Messages From The U.S is useful to you.

The "Experts" Are Getting Crypto All Wrong

Bitcoin peaked about a month ago, on December 17, to a high of nearly $20,000. As I write, the cryptocurrency is below $11,000… a loss of about 45%. That’s more than $150 billion of lost market cap.

Cue much hand-wringing and gnashing of teeth in the crypto-commentariat. It’s neck-and-neck, but I think the “I-told-you-so” crowd has the edge over the “excuse-makers.”

Here’s the thing: Unless you’ve lost your bitcoin shirt, it doesn’t matter. And most likely, the “experts” you see in the press don’t tell you why.

In fact, the crash of bitcoin is amazing … because it means that we all stop thinking about cryptocurrencies completely.

The Death of Bitcoin…

In a year or so, people won’t be talking about bitcoin in line at the grocery store or on the bus, like they are now. Here’s why.

Bitcoin is the product of logical failure. Its designer clearly said that cryptocurrency is a reaction to the government’s abuse of fiat currencies such as the dollar or euro. It would have provided an independent, peer-to-peer payment system based on a virtual currency that cannot be devalued, because there is a limited amount of it.

That dream has long since been jettisoned in favor of raw speculation. Surprisingly, most people care about bitcoin because it is an easy way to earn a lot of fiat currency! They don’t own it because they want to buy pizza or gas with it.

Besides being a terrible way to transact electronically – it’s incredibly slow – bitcoin’s success as a speculative play makes it useless as a currency. Why would anyone spend money on it when it’s so fast? Who will accept one when it is sharply reduced?

Bitcoin is also a major source of pollution. It takes 351 kilowatt-hours of electricity just to process one transaction – which also releases 172 kilograms of carbon dioxide into the atmosphere. That’s enough to power a US household for a year. The energy used in all the bitcoin mining so far could power nearly 4 million US homes for a year.

Paradoxically, the success of bitcoin as an old-fashioned speculative play – not the intended use of the libertarian – attracted the explosion of government.

China, South Korea, Germany, Switzerland and France have implemented, or are considering, bans or limits on bitcoin trading. Several intergovernmental organizations have called for joint action to curb the apparent bubble. The US Securities and Exchange Commission, which once seemed likely to approve bitcoin-based financial derivatives, now seems hesitant.

And according to Investing.com: “The European Union is implementing stricter rules to prevent money laundering and terrorism financing on virtual currency platforms. It is also looking at the limits of cryptocurrency trading.”

We may see a viable, widely accepted cryptocurrency in the future, but it won’t be bitcoin.

… But a Progress for Crypto Assets

Good. Taking bitcoin allows us to see where the true value of crypto assets lies. Here’s how.

To use the New York subway system, you need tokens. You can’t use it to buy anything else…even if you are potential sell it to someone who wants to use the subway more than you.

In fact, if subway tokens are in limited supply, a lively market for them may emerge. They may even sell for more than their original cost. It all depends on how many people there are want to use the subway.

That, in a nutshell, is the scenario for the most promising “cryptocurrencies” other than bitcoin. They are not money, they are tokens – “crypto-tokens,” if you will. They are not used as general currency. They are only good within the platform for which they are designed.

If those platforms provide important services, people will want crypto-tokens, and that will determine their price. In other words, crypto-tokens have value to the extent that people value the things you can get for them from their associated platform.

That will make them real assetswith intrinsic value – because it can be used to get something that people value. That means you can reliably expect a stream of income or services from owning such crypto-tokens. Critically, you can measure that stream of future returns against the price of the crypto-token, as we do when we calculate the price/earnings ratio (P/E) of a stock.

Bitcoin, in contrast, has no intrinsic value. It only has a price – a price set by supply and demand. It doesn’t generate future revenue streams, and you can’t measure anything like a P/E ratio for it.

One day it will be useless because it will not give you anything real.

Ether and Other Crypto Assets Are the Future

The crypto-token ether is sure it seems like a currency. It is traded on cryptocurrency exchanges under the code ETH. Its symbol is the Greek uppercase Xi character. It is mined in a similar (but less powerful) process to bitcoin.

But ether is not a currency. Its designers describe it as “a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines that execute the request operations.”

Ether tokens give you access to one of the most sophisticated distributed computational networks in the world. It’s so promising that major companies are falling over each other to develop practical, real-world uses for it.

Because most of the people who trade it don’t really understand or care about its true purpose, the price of ether has bubbled and bubbled like bitcoin in recent weeks.

But eventually, ether will return to a stable price based on the demand for computational services that can be “purchased” for people. That price will represent real value which may be priced in the future. There is a futures market for this, and exchange-traded funds (ETFs), because everything has a way of checking its underlying value over time. Just like we do with stocks.

What is that worth? I don’t know. But I know it’s more than bitcoin.

My advice: Get your bitcoin, and buy ether next dip.

Video about Germany Machine To Get Codes And Messages From The U.S

You can see more content about Germany Machine To Get Codes And Messages From The U.S on our youtube channel: Click Here

Question about Germany Machine To Get Codes And Messages From The U.S

If you have any questions about Germany Machine To Get Codes And Messages From The U.S, please let us know, all your questions or suggestions will help us improve in the following articles!

The article Germany Machine To Get Codes And Messages From The U.S was compiled by me and my team from many sources. If you find the article Germany Machine To Get Codes And Messages From The U.S helpful to you, please support the team Like or Share!

Rate Articles Germany Machine To Get Codes And Messages From The U.S

Rate: 4-5 stars
Ratings: 7974
Views: 45454865

Search keywords Germany Machine To Get Codes And Messages From The U.S

Germany Machine To Get Codes And Messages From The U.S
way Germany Machine To Get Codes And Messages From The U.S
tutorial Germany Machine To Get Codes And Messages From The U.S
Germany Machine To Get Codes And Messages From The U.S free
#quotExpertsquot #Crypto #Wrong

Source: https://ezinearticles.com/?The-Experts-Are-Getting-Crypto-All-Wrong&id=9871792

Related Posts

default-image-feature

How Much Does It Cost To Do A Code.Org Training Why HTML?

You are searching about How Much Does It Cost To Do A Code.Org Training, today we will share with you article about How Much Does It Cost…

default-image-feature

How Much Does It Cost To Do A Code.Org Training Are Ethics Important For Professional Accountants?

You are searching about How Much Does It Cost To Do A Code.Org Training, today we will share with you article about How Much Does It Cost…

default-image-feature

Germany Machine To Get Codes And Messages From The U.S The A-Z of Exhibiting Overseas

You are searching about Germany Machine To Get Codes And Messages From The U.S, today we will share with you article about Germany Machine To Get Codes…

default-image-feature

How Much Does It Cost To Do A Code.Org Training Learning How to Search For People

You are searching about How Much Does It Cost To Do A Code.Org Training, today we will share with you article about How Much Does It Cost…

default-image-feature

Grocery Stores Use Bar-Code Scanners To Read Upcs On Products How Are "Point of Sale" (POS) Systems Different From a Cash Register?

You are searching about Grocery Stores Use Bar-Code Scanners To Read Upcs On Products, today we will share with you article about Grocery Stores Use Bar-Code Scanners…

default-image-feature

Germany Machine To Get Codes And Messages From The U.S Explaining Perkins Serial Numbers

You are searching about Germany Machine To Get Codes And Messages From The U.S, today we will share with you article about Germany Machine To Get Codes…