Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ...
by zokeia on Monday November 27, 2017 @04:15AM
(#15785896)
I honestly do not understand how this market cap comparison argument is useful in assessing the viability of Bitcoin.
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Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ...
by gonvaled on Monday November 27, 2017 @04:17AM
(#15785906)
As a value store? Clearly because of exposure.
As a vehicle for trade? Not there yet, we need more adoption, aided by exposure.
Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ...
by osrec on Monday November 27, 2017 @04:51AM
(#15786106)
Funnily enough, my grandparents were telling me about how they were suspicious of debit/credit cards when they first started. Now of course, they feel very comfortable using them. Not directly comparable with bitcoin, but interesting in the sense that it was a significant paradigm shift in the way money was spent - initially met with skepticism, but eventually it caught on.
Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ...
by joosters on Monday November 27, 2017 @04:29AM
(#15785989)
Isn't the exposure making people less likely to trade? No-one wants to spend bitcoins because they're afraid they'll grow in value and they will have wasted money.
Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ...
by gonvaled on Monday November 27, 2017 @04:35AM
(#15786025)
But people are trading all the time. The exchanges prove that: as many bitcoins bought as sold! :)
Will the buyers be willing to use those bitcoins to buy other things than fiat currencies? Once more products are sold in btc, why not?