Homepage
PR Newswire
Cryptocurrency is somewhat like the dot.com days.
In its present form, most of it is pretty much useless and probably will be near worthless in the long run.
However those that are able to gain market acceptance(right now very very few merchants accept it as payment), and transform itself so that it is trusted as a currency and is easy for everyone to transact will see its value go up. Amazon and google did not go bust and ended up being the dominant player. They become intertwined in our daily lives, how useful the services they provide will ultimately decide how valuable the company/currency is. Right at this very moment cryptocurrency is best described as the gambling chips in a casino. It's sole use is for gambling.
In its present form, most of it is pretty much useless and probably will be near worthless in the long run.
However those that are able to gain market acceptance(right now very very few merchants accept it as payment), and transform itself so that it is trusted as a currency and is easy for everyone to transact will see its value go up. Amazon and google did not go bust and ended up being the dominant player. They become intertwined in our daily lives, how useful the services they provide will ultimately decide how valuable the company/currency is. Right at this very moment cryptocurrency is best described as the gambling chips in a casino. It's sole use is for gambling.