Philosophy that crypto asset value is valued in fiat currency is at the moment not possible to overcome, but for sure will be in the future, if more and more service accept crypto as means of payment, with real value, not directly compared to fiat currency. Bitcoin shall be the main comparative asset for altcoins, and market cap for all crypto asset is big enough to have his separate value. On the other hand, gold is an asset on opposite side of the value chain, and we can witness that gold can not be valued by themselves, it has to be valued in fiat or other fast exchanged product, that can be used for daily purchase of needed goods. But, when comes to savings, gold could be used for savings, and daily value change is not important to holders, since they has no intention to use it for daily purchase.
On above premises, correlated with the fact that BTC is around 50% of total market cap for crypto currencies, stand the fact that crypto currency could be resistant to fiat and exchange in-between on crypto market as savings.
Crypto exchange are a growing market and all exchanges support BTC, while ETH is supported by 43% and LTC by 35% of existing crypto exchange markets.
BQT team believe that crypto shall not be married with Fiat currency, and analyze Binance success through their decision to not support fiat deposits. Idea behind is that desire for acquisition for another crypto asset could be fulfilled through significant supply of different crypto assets and negotiated directly by trader peers.
BQT will provide P2P trades and hedge transactions, escrow service, negotiation and confirmation service for trades, rate and share trading experience, social interactions among traders within network and analytics and reporting feature.
BQT will offer 100 million tokens during ICO process.
Project website: https://www.bqt.io/)
Author: https://bitcointalk.org/index.php?action=profile;u=1573369
