WILL CRYPTO LIKE BITCOIN DROP TO double DIGITS VALUE ?

Not long ago a friend of mine lost his wallet password. He cannot have access to his crypto as of right now. It should not be hard for him to retrieve it by requesting a new password. He has to wait couple days before accessing the account. Lucky for him that is the only thing he has to do. Some people lost more and cannot retrieve their crypto.

Same case for me I had an #ether wallet through metamask where I was playing with
cryptokitties. I do not know what happen I lost interest and I cannot retrieve the password. You probably have your own story where you lost something on the crypto sphere. So far fingers crossed, having to deal with a name instead of a bunch of numbers, prevent for any lost using #hive or before #steem.

I have to say the information flowing in this sphere helped me and many more
not to lose our keys. I am talking about this blockchain. We have to deal with four sets of keys. It might sound cumbersome but teach us a value lesson and how to use them wisely. Away from that the numbers are growing. More people are looking into crypto to fight inflation. I remember Greece a while back. I remember Zimbabwe and now we have Venezuela.

All those countries have one thing in common. They are dealing with hyper inflation that devalue their own currency. In order to regulate, they print more fiat with no real
production behind it. It creates more and more inflation and the economy will thank since nobody is holding themselves accountable at the end. It is a clear spiral effect and you can see where it is heading.

Image by mohamed Hassan from Pixabay

It is getting imminent why crypto came to existence.
We need to share the wealth of this world. Crypto has no barrier. As long you know what to do, you are free to amass as much as you can. The use case is still on the search bar. So far we use crypto mostly for trading. Away from #bitcoin whitepaper, it should be used as a peer to peer digital currency. I want it to happen today for everyone. Did you catch the news? The bitcoin network uses more electricity than the country of Israel.

This is a problem where the sustainability of mining bitcoin will deprave the miners of earning more. Literally I never think miners will be the hodlers of #btc.
With the last halving less bitcoin is mined out of each block and more recent gig are needed to stay in the front line. It may be too early to predict the path set for crypto. The indication is directing us that whales will always be part of the equation. You name it your way, centralized or decentralized, you need to be in the front line to get your part.

#bitcoin tends to march ahead and the altcoins follow its move. Lately we have Tether arriving in the picture, pumping everything on his path. All the trading value belong to this stable coins. I think it is there to hold the market. Did anyone can go to an exchange and get dollar from Tether? I must say hardly cause when dollar gets to crypto it stays in crypto. You will get cash for any other elite coins but not #tether. Tether is there for trading purposes. Good stable coin to pump and dump. Have anyone see tether accept anywhere dollar is accepted?

So far this is an issue for crypto sphere. Whoever controls tether controls a big gap worth US 9 billion worth.
January 5th of this year, only US$ 4 billion worth of tether was needed. Just in five month later 2.25X came to existence. This could be a dilemma unless a pump is coming soon. I mention the controling part. The apparition of stable coin and more will come prove the need for the market to diversify.

Putting all these to a standstill, Bitcoin will not go to a price close to 2014. Too much in the line. The stakes for crypto to succeed is so high, you can see the fight we see is all about control. The emergence of the market, the need for company to do more with less, being more transparent have put blockchain technology in a pedestal never seen before.

When you put time in prospective, the more you have the least time you spend working. Due to demand flow and technology perception we see more financials are willing to add cryptos in their portfolio.
Less bitcoins to the market, more the demand. Hopefully with lightning network technology really implement, we could see the use case of using #satoshi as cash. One day you could see the sticker price of a X5 for 80,000 satoshis. The future is bright and with inflation always changing the game, the dollar time is very sublime to a catastrophic level. We came a long way since 2009, give it another 10 and see where we land.

Posted Using LeoFinance