My point of view on crypto

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Written by
2 years ago

How can someone convert a cryptocurrency to real cash?

The majority of individuals are still unable to use Bitcoin as a means of exchange. The vast majority of the population does not believe it is legal tender. I must first discover a merchant who accepts bitcoin before I can use it as a form of payment.

While the future of bitcoin is undetermined, the future of cryptocurrencies as a means of exchange is largely accepted by all participants in the conversation. As with any other technology, Bitcoin, like any other, gains an advantage by being the first to market. In other words, it is more easily identifiable.

Now that I am aware of what would occur, how can I ensure my participation in the game? To participate, you must purchase tokens or an admission ticket.

As a result, bitcoins are increasingly being viewed as tokens that will eventually let them play in the big game. Following another round of convincing people that the game will definitely occur in the future, individuals have begun gradually adopting cryptocurrency as a daily trading medium. Once it occurs, bitcoin should be able to provide the future that many people anticipate. If it is successful, it has the potential to be a significant breakthrough, with those who invested early reaping the rewards. Without this, a bubble will form.

As a result, it is treated as an asset rather than a currency for the time being, as it is used as a token to participate in a future game.

 

Bitcoin's practical use as a medium of exchange is still out of reach for the majority of people. The bulk of the population does not believe that it is a legitimate currency. In order for me to utilize bitcoin as a form of payment, I must first locate a merchant who accepts bitcoin.

Although the future of bitcoin is unknown, the future of cryptocurrencies as a future medium is more or less an intangible fact that is widely accepted by all participants in the discussion. Bitcoin, like any other technology, benefits from being the first to market. To put it another way, it is more recognizable.

So now that I know what is going to happen, how can I ensure that I will participate in the game? Purchase the tokens or the entrance ticket in order to participate.

As a result, bitcoins are increasingly being regarded as tokens that will allow them to participate in the big game in the future. After yet another round of convincing people that the game is unavoidably going to take place in the future, individuals began to gradually adopt cryptocurrency as a daily trading medium. Once it occurs, bitcoin should be able to offer the future that people are currently envisioning. If it delivers, it has the potential to become a major breakthrough, and those who invested early will reap the benefits. If this is not done, the result is a bubble.

As a result, for the time being, it is considered an asset rather than a currency because it is used as a token to participate in a future game.

Thank you very much!

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2 years ago

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It is still such a young thing, and so it will be interesting to see what happens with it down the road. It's either worth a heck of a lot, or it was just a short term fun ride. We shall see. But of course right now only about 4% of the world population even owns any of the stuff. So, it has a LONG way to go.

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