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RE: 50 Shades Of Cryptocurrency : The Noobies Chapter/Series

in #cryptocurrency7 years ago

If you assume BTC value is going to be sustained based on its ability to act as medium for frequent exchange and transactions, you should cash in your BTC now. BTC can't even sustain 1/1000th the transaction rate that VISA runs. BTC may have long term value as "crypto gold". Else it is eventually doomed as a great initial foray into crytpo world, that is technically surpassed many times over in 3rd and 4th generation of evolution

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Good point, I wonder if the creators of bit coin ever thought the value would be so high. If it is capped at 21 billion it could never handle the trillions of dollar 💵 transactions that happen every year.