December 22/2017
Are you looking at that price volatility? I think this is one of the reasons why bitcoin cannot be term as a currency.. Imagine you go to Walmart and pay with bitcoins and by the time you come home the price of a Bitcoin is up by 15% and you realized you paid 20% in just fees. Doesn't make sense, right ?
Bitcoin is a digital asset backed by revolutionary blockchain technology and THAT is Bitcoin' s true value.. The fact that Bitcoin is limited in supply, it is a peer to peer exchange of value and it is decentralized which is attracting so many people. Blockchain technology itself is the greatest invention of modern times in my opinion. It can transform our economy , solve social and financial inequality, empower common citizens, reduce corruption , strengthen human bonds and much more..
It is when people, financial institutions and governments actually SEE the value of blockchain technology and not simply view it as a way to get rich quickly we might actually see mass adoption happening and stable market conditions
Yes there is a Bitcoin craze at the moment and I feel most people are like chasing bitcoins at any price thinking that its going to make them super wealthy.. The current price correction should teach those people some lessons.
