Bitcoin and Digital currency-[Last Part]

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Written by

Kawser199

#BCH

3 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Hello Guys, How are you ??

I hope you are all Fine...

I am also fine by grace of Almighty Allah, Alhamdulillah..

Now I am @Kawser199 Share with you Last part of Bitcoin and Digital Currency[5]

I explained in the fourth episode why I was skeptical about the future of Bitcoin, again in the first episode I said I have some money. It is not contradictory. There is always a thing called investment cost in investment. Even if it takes a lottery in lakhs, it takes someone. Suppose I bought the lottery, ten times in the future, I will not regret that I did not take the opportunity. But investors will always remember that the key to success is diversification, putting money in conflicting things will pay off, unless it's a time of recession.

People who are techy type, get excited when they see new technology, be it. But go back ten steps and take a good look at the whole picture. Not all technology comes on time and not everything gets a good market. Motorola probably made a prototype of the iPad's predecessor in the eighties, but no one saw its profitability in market research back then. Know well about financial indicators, will work. These are not difficult for techies to understand.

The United States will never ban bitcoin like China, I can write that. But if they do not find a suitable antidote to speculation and money laundering, they will stop him in any way they can without government regulations. As many credit card companies have said they will not approve transactions to buy coins. Although the federal government does not, many state governments are enacting new laws to protect their citizens from fraud. Google-Facebook-Twitter have also said that they will not show Coinwala's ads on their site. But it is through them that coiners find most of their buyers.

Money laundering is one of the biggest fears, as Bitcoin can be used by terrorists to raise funds abroad, as well as to send money to hidden members inside the United States. The future of Bitcoin is bleak if you can't control it. Although the people of this country love individual freedom, they are giving priority to security in the present age. On top of that, Russia has helped Trump's election campaign through bitcoin, and I wouldn't be surprised if such news came out. Not only politicians, but also e-mails or documents for corporate espionage are a daily occurrence on the Dark Web.

For all these reasons, people will gradually lose confidence in Bitcoin and the next economic downturn will be completely non-existent, I think. Earlier, a number of companies trading in digital tokens had raised the bar during the dot com bubble bust. I can't say when that recession will happen. No wise economist can say. But even then the huddlers will hold on to it in the hope of future gains! (Again, my profit is only if my idea goes wrong and the price increases ten times!)

Even if Bitcoin disappears, there will be two things. One, blockchain technology, and two, the potential for a truly global currency. There are many uses of blockchain technology. Meanwhile, the world's best financial institutions are researching how to accelerate clients' transactions by integrating it with their current system. They are working directly with reputed tech companies like IBM. They are not amateurs like open source people. My guess is that their new technology will spread soon and the general public will get many benefits of Bitcoin through them, excluding most of the harmful aspects. For the time being, I believe that these big companies with these names and addresses are a little more than the anonymous programmers with the pseudonym Satoshi Nakamoto. And if you break your faith, go straight to the arena of old senators in Washington like Zuckerberg! (Google Google Wells-Fargo.)

The use of blockchain will increase in many other sectors besides banking. Such medical institutions will be able to safely store and share patient health information with the patient and his or her specialist doctors. Stock brokers and insurance companies can also benefit from this. Home mortgages and other borrowing work may also be possible faster than before. You will see all these come slowly. But don't compare blockchain with common encryption technology. There are various companies on the internet who are using the word 'blockchain' in their names to deceive investors. Understand the difference between the two technologies. Encryption is nothing new.

In the end, a free world of boundless, equal-opportunity is the aspiration of many people. Maybe such a borderless monetary system will come before it and prepare the people of the world for it. While people have been able to get some taste of it with Bitcoin, many will think deeply about it, trying to solve the problems of today's cryptocurrencies. Maybe Cryptocurrency 2.0 will take us one step further towards that utopia. Not today, but maybe twenty years later. Not ten times the price of Bitcoin, I was living in that utopian hope!

I hope you Understand of Bitcoin and Digital Currency