Why are cryptocurrencies so popular? - Deepstash

Why are cryptocurrencies so popular?

Some of the reasons:

  • Some see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable
  • Some like the fact that cryptocurrency removes central banks from managing the money supply since over time these banks tend to reduce the value of money via inflation
  • Some like the technology behind cryptocurrencies, the blockchain, because it’s a decentralized processing and recording system and can be more secure than traditional payment systems
  • If price in $ goes up it may hurt long-term acceptance as a new way to move money

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yugjain

Generalist. Great minds discuss ideas, average minds discuss events, small minds discuss people.

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Cryptocurrencies may go up in value, but many investors see them as mere speculations, not real investments. The reason? Just like real currencies, cryptocurrencies generate no cash flow, so for you to profit, someone has to pay more for the currency than you did.

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