x
Breaking News
0

Bitcoin Is Here To Stay

By InTheMoneyStocks.com (Nicholas Santiago)CryptocurrencyOct 12, 2017 02:03PM ET
www.investing.com/analysis/bitcoin-is-here-to-stay-200218462
Bitcoin Is Here To Stay
By InTheMoneyStocks.com (Nicholas Santiago)   |  Oct 12, 2017 02:03PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Crypto currencies have been one of the hottest topics these days as J.P. Morgan's (NYSE:JPM) Jamie Dimon has expressed his disgust of the 'asset/currency' in recent months. The price of bitcoin and other crypto currencies have gained market share in the past several years. While many call it a bubble and a fad, it has weathered storms and is now making me think that it could be here to stay.

Investors and crypto-currency users should note that these new currencies will be volatile as they become more mainstream. I see it as a growing pain for this new technology.

Here's Why Crypto Is Here To Stay

  1. Distrust in governments. Many people around the world are losing their trust in governments. Just look at what has happened around the world in Syria, Venezuela, Greece, Cyprus, Libya, Zimbabwe and many others nations. Even in the United States there is more division and distrust between the citizens and politicians than most can remember. This distrust will only continue over the years to come.
  2. Bitcoin and other crypto currencies use blockchain technology. This technology is a basically a digitized public ledger of all crypto-currency transactions. It is important to understand that bitcoin isn’t regulated by a central bank or any government authority thus eliminating a need for a middleman or third party to process trade or payments. The completed transaction is publicly recorded into blocks and eventually into the blockchain. It is then verified and relayed by other Bitcoin users. The bottom line, people are tired of paying a middleman for their transactions and this efficiently eliminates the middleman. This is why the large banks are not favoring bitcoin and other crypto currencies.
  3. It is simple to trade peer-to-peer. You can trade or exchange with anyone around the world in just minutes. Companies are also starting to embrace Bitcoin and other crypto currencies because they will no longer have to pay the credit card companies a transaction fee which is usually between 3 to 5 percent of the transaction. Again, the middleman is eliminated.

Bitcoin/U.S. Dollar
Bitcoin/U.S. Dollar

Bitcoin Is Here To Stay
 

Related Articles

Bitcoin Is Here To Stay

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Nik Pugatchenko
Nik Pugatchenko Oct 13, 2017 3:33AM GMT
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Those arguments are vague and based on shaky assumptions
Reply
0 0
tony ooh
tony ooh Oct 12, 2017 6:59PM GMT
Saved. See Saved Items.
This comment has already been saved in your Saved Items
nick, first of all i've used crypto, have you? you don't indicate you have ever used crypto and have an account.
Reply
1 0
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
 
 
 
Add Chart to Comment
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email