Skip to main content

Bitcoin a 'dangerous speculative bubble ,is it?

Money is a matter of faith,  

Bits of paper and computer bytes change hands billions of times a day as a measure of value because we trust the promise that they represent .in today's era of fiat money ,those promises rest ultimately on a guarantee by governments that they are valuable .  that guarantee , as we have seen , is being questioned as the willingness of governments to live up to the promises of fiat currencies is called into question by the deterioration in public finances   

We often discuss the ways that new technologies and techniques are being used to improve the digital scenario consecutively 

To treat the debate about the future of money as a battle between economi
truths is to misunderstand the nature of money itself. Money is not something absolute. It is a technology that has changed over millennia to  meet our evolving need for unit of account, medium of exchange and store  of value.That technology has had to adapt to changes in the real world. The
 rise of democracy drove the abandonment of the gold standard as a
 monetary system that,though it protected the value of money, watoo 
rigid for modern welfare states.

Money is a technology we often take for granted. Yet it is technology that has huge implications for the efficiency of the economy, and the well-being of society. Getting the technology right is task we all need to take  
seriously,certainly far more seriously than mainstream thinkers tend to be   when commenting on gold. 


"According to Stephen Roach, a widely regarded economist,With the price of bitcoin moving toward $12,000, a top economist on Tuesday sent a stark warning to investors: The cryptocurrency is in a "dangerous speculative bubble.""This is a toxic concept for investors," said Stephen Roach, Yale University senior fellow and the former Asia chairman and chief economist at investment bank Morgan Stanley.any investors admit to not understanding the technicalities of the instrument or the blockchain technology that underpins its existence, hoping instead to profit on the expectation that bitcoin as an investment will simply continue to rise""Like all bubbles, they burst," Roach said. 

Just as democracy made the gold standard obsolete, so the world is now going through   changes that, in this century, may turnational fiat 
currencies into a curious anachronism.

so in regards of my personnel perception ,exploring more on technology in regard of money , is increasingly making great innovation but with innovation theirs are lot of pros & cons ,so it's a request to an individual ,who want to make innovative investment  please make sure to explore more about that investment today's trending bitcoin has a great future ,so please take advice with experts for the investment.

I WILL RECOMMEND PLEASE VISIT ETHXPAY FOR MORE DETAILS WATCH EXCLUSIVE REPORT ON BITCOIN ON YOUTUBE/SUBHARANSH RAI {COO & CO FOUNDER}.ETHXPAY.




Comments

Popular posts from this blog

Will it be possible that if Blockchain Technology can remould Global Payments System?

Payments are synonymous with a transaction that is guaranteed by a central authority which can be a bank, a payment wallet or an escrow service. Keeping the chronological timeline under consideration blockchain happens to be at the helm of technological advancement in the financial domain.   A block is the ‘current’ part of a blockchain, which records some or all of the recent transactions. Once completed, a block goes into the blockchain as a permanent database. Each time a block gets completed, a new one is generated. “Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole.” The core value of a blockchain is that it enables a database to be directly shared without a central administrator. Rather than having some centralized application logic, blockchain transactions have their own proof of validity and authorization to enforce the constraints. Hence, with the blockchain acting as a consensus ...

IMPACT OF BITCOIN IN INDIA

Crypto currency exchange operators remain untaxed of  RBI warning that beware of Bitcoin " if India had to ban virtual currencies they would have done by now. in last 3 years, the RBI 's statement has been the same: they are uncomfortable with it and people should invest at their own risk . But tell me who is at risk everyone who has invested in it are making money  and richer now.crypto currency is reality of the power of digital currencies which fast gaining popularity in India & world wide. It is now almost a decade since the first crypto currency, BITCOIN was developed in 2008 by Satoshi Nakamoto, but still, it is believed that we are in the nascent stages of crypto currency and block chain technology. It’s either gifted as an economic saviour of mankind or a complete annihilator of fiat currency. so visit the following links for more expert opinion  of bitcoin. In the last couple of years there has been significant growth in the trading...