2018-04-17 12:49
Such a shame when other countries like Japan, China, and South Korea are welcoming BitCoin, India is trying to control people over this virtual currency. Our government is hungry for tax. Th… Read More
Blog Directory > Finance Blogs > Investing Blogs > HOW BITCOIN CHANGED THE PERCEPTION OF EQUITY INVESTORS IN THE CRYPTO COMMUNITY? - Advisorymandi.com investing Blog >
How Bitcoin Changed The Perception Of Equity Investors In The Crypto Community? - Advisorymandi.com Blog
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It’s sounded a totally fictional story when BitCoin first introduced in the year 2008 as an encrypted and decentralized currency on a whitepaper by a man named Satoshi Nakamoto whose identity and country is still unknown. With no ties to any country’s national economy, BitCoin is quite volatile and prices fly and drop straightly by the influence of competitive cryptocurrencies, financial deals, and many national policies which also fluctuate on an individual basis. Unlike fiat currencies, BitCoin doesn’t come under in any monetary policy to employ economic influence. The result, for many years, BitCoin was one of the most popular cryptocurrencies and dominating the market. But, from the last couple of years, BitCoin lost its magic. Many equity investors stopped investing in BitCoins even the reputable investors who once admired cryptocurrencies a lot. Now, they believe Bitcoin and other cryptocurrencies are only a part of Ponzi schemes and frauds.
Lately, the crypto community is not doing very well and become a part of some Ponzi scheme. Even Warren Buffet double down on BitCoin doubt. Not just him but many investors who are known for their expertise in investment industry are looking down to cryptocurrencies. As per the data compiled by Google trends on “BitCoinâ€, it is clear that BitCoin hasn’t the same popularity as it once had.
No Intrinsic Value – Still a Debate
The main reason for equity investors worries over BitCoin and other cryptocurrencies are the no clear intrinsic value. However, the views over this, varied with individuals and many big names gave opinions based on their knowledge. Well, you can’t argue with that. Because the intrinsic value of BitCoin is tied to the ability to mine it. That means any party who is in possession of BitCoin or control it can change the intrinsic value however they like.
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HOW BITCOIN CHANGED THE PERCEPTION OF EQUITY INVESTORS IN THE CRYPTO COMMUNITY? - Advisorymandi.com
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