Crypto market

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Looking back on the original idea of ​​Bitcoin being created for a decentralized and distributed payment system, there will be a tendency to regret that this dream has not yet come to pass, although there has been some progress with some countries starting to adopt crypto as an option. The main reason is that cryptocurrencies have not yet become a means of payment but as an investment tool that is leading in market capitalization, and a creator of investor awareness.

On the other hand, more and more alternative cryptocurrencies have emerged in the form of stable coins. With the basic objective being to function effectively, cryptocurrencies must be liquid, have low volatility, and be integrated with established and reliable institutions.

Image by JaHo from Pixabay 

This development is unimaginable even if it is returned to several years ago. The future of stable coins in the crypto market seems very bright, it seems more likely to be seen, for now, seeing the existence of fiat money on Stablecoins can be linked-to official currencies such as US dollars, Euros, or other country currencies to stabilize the price of cryptocurrencies isn't this the same as slowing down? crypto rate to get back to the basic idea.

On the other hand, there are a number of reasons stable coins are taking control of Bitcoin as a driving force for crypto implementation and adoption. The first is the low volatility with stable coins being the main benefit to continue to attract both individuals and institutions to this day. Because the stability of the exchange rate is useful for its holders as well as those who are trying to integrate Bitcoin and other cryptocurrencies in the wider financial system.

There is something else interesting on the creative side of crypto, Stablecoins will look more like the creative foundation of decentralized finance (DeFi) application, and non-exchangeable token (NFT) due to the low volatility options. Making a case for every community is exciting in crypto and blockchain itself.

If you look at the percentage of consumers, many still think that cryptocurrencies are a safe investment tool, and this is a challenge that is still problematic for cryptocurrencies to be considered as currency. Another thing that tends to be present is the issue of security, regulatory, and tax concerns as well as the issue of trustworthy service providers.

There's no one to blame, and no one to blame either. The condition of the problem of fear of loss, the need for sudden conditions cannot be predicted by everyone in terms of the individual economy. So the problem of choosing to be careful and maintain financial stability in terms of individuality is prioritized. If this can be guaranteed it will be a different story, and will completely change a new perspective on crypto in the future.

Awareness of crypto has indeed grown enormously, but awareness to fight for crypto as a currency may still encounter many obstacles. Currently, its existence is to watch and wait for a big breakthrough made by a community to be able to take great confidence in consumers to say that crypto has deserved to be used as a decentralized and properly distributed currency.

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Comments

I still hope a lot for bitcoin adoption, especially bitcoin cash to occur in various countries so that more countries are involved in this payment system, it is possible that it will be comprehensive in all countries because it will create similarities in payment capacity. This lack of adoption because many countries do not allow crypto markets to enter their territory, only requiring a majority of users will surely materialize.

$ 0.02
2 years ago

It's still not that widely accepted and used here in our city but I hope soon.

$ 0.02
2 years ago

I want to know more about Crypto market.

$ 0.02
2 years ago

Me too :)

$ 0.00
2 years ago

Do you have an idea why bch fails to surpass $1k? I know it hit before but I am wondering why right now it struggles.

$ 0.02
2 years ago

lack of market demand

$ 0.00
2 years ago