Cryptocurrency is becoming a public fever
By syaher
@syaher (7)
Indonesia
September 20, 2020 11:35am CST
Currently rampant about cryptocurrency. There are many types of cryptocurrencies circulating on exchanger from Bitcoin, Ethereum, Riple and other coins.
In your opinion, is this a technology fever or is it due to the fact that the people do not believe in the government financial system?
8 people like this
11 responses
@arunima25 (85649)
• Bangalore, India
20 Sep 20
Welcome to mylot.
Cryptocurrencies are not legal in our country. So I never tried to understand them or explore about them much.
2 people like this
@arunima25 (85649)
• Bangalore, India
21 Sep 20
@syaher That's good that government took a wise decision. Else people will continue the illegal practice. I an not at all aware of how they function. Just know a bit superficial things like they are virtual currencies and people are investing in them
1 person likes this
@Vicentbayu (81)
• Indonesia
20 Sep 20
i don't like playing cryptocurrency, i prefer not to study it.
2 people like this
@Vicentbayu (81)
• Indonesia
21 Sep 20
@nawala123 oh sorry, i didn't know that. I prefer to use official currency.
2 people like this
@Jrccmn32 (15)
•
20 Sep 20
I believe it is a little of both, I personally don't trust government financial systems because they can be manipulated. But I believe the cryptocurrency can also be. Bitcoin @ 10K I really don't believe that something digital would be worth that. I have seen wild swings in the bitcoin value. Trust i would keep my country currency for now.
1 person likes this
@porwest (78759)
• United States
20 Sep 20
At the end of the day, whether or not people believe in government financial systems, any of these currencies must still have a real monetary value in order to be viable. Because there are so many, not sure what the real value of any of them might be in the future.
Either way, I do not like them and I think many of these will crash at some point and become worthless. Unfortunately in the process, people have spent REAL money and offered REAL goods and services in exchange for them, so there is still a potentially devastating financial loss that could be realized.
1 person likes this
@marguicha (215883)
• Chile
20 Sep 20
Cryptocurrency is not for me. I passed from coins to bills and from traveller´s checks to credit cards. Too much is too much.
1 person likes this
@Lushlala (4028)
• Gaborone, Botswana
21 Sep 20
Hmm I say fair play to them - to each their own. It's not taken off in my country and to be frank, it doesn't appeal to me WHATSOEVER.
