09-06-2021, 01:12 AM
i don't want to go too much other kind of politics here, but there is some degree.
i don't think u.s. dollar, euros, uk pounds, yens and others will collapse. mostly because they have functional economy (more or less) and central bank behind them. central bank can support currencies to a certain degree.
crypto currencies have neither, their user base is small and economy they represent is small. there isn't central power to support the currency when needed.
crypto currencies are at mercy of investors and speculators. basically i think crypto currencies will fall seriously some point and government like power is needed to support currency.
most people tend to think money can hold value by itself. money hold value because others collectively think it has value or government or similar is supporting it.
it was said here before. pine org needs u.s. dollars or yuans sooner or later, therefore cryptocurrencies are serious risk. and value varies too much anyway. my guess is, crypto prices would 50% higher than dollar prices if pine would accept crypto currencies.
i don't think u.s. dollar, euros, uk pounds, yens and others will collapse. mostly because they have functional economy (more or less) and central bank behind them. central bank can support currencies to a certain degree.
crypto currencies have neither, their user base is small and economy they represent is small. there isn't central power to support the currency when needed.
crypto currencies are at mercy of investors and speculators. basically i think crypto currencies will fall seriously some point and government like power is needed to support currency.
most people tend to think money can hold value by itself. money hold value because others collectively think it has value or government or similar is supporting it.
it was said here before. pine org needs u.s. dollars or yuans sooner or later, therefore cryptocurrencies are serious risk. and value varies too much anyway. my guess is, crypto prices would 50% higher than dollar prices if pine would accept crypto currencies.