Bitcoin or not Bitcoin?

Richard Branson, the owner of the Virgin, said the value of BitCoin will be USD10 000 in a year or so. That's why it should be extensively used in the countries hit by economic and refugee crisis in Europe - like Greece and Ukraine, for example. However the opinions of the reputable investor's rating agencies,i.e. Moody's, should also be heard. This is because they have made correct predictions in the past regarding the financial crisis like banking crisis in Turkey back in the 2000 for example.

Highlighted by [email protected]
on June 20, 2017, 9:02 a.m.
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Although prophecies about BTC passing 1mln per coin before 2020 (John McAfee) really work on the imagination, the technology behind it is old news. There are lots of problems with transfering bitcoin already, there will be more in nearest future. Lets face it - it is hell of a Proof of Concept, pioneer cryptocurrency, but now the time has come for 3rd generation coins, introducing blockchain usage improvements, new concepts, opening doors for global usage of cryptocurrencies by avarage Joes. Bitcoin is an obligatory stop in terms of educating oneself about blockchain technology and cryptocurrencies, but not neccessarily the best investment - if one is only looking for that. There are over 1000 coins today, but only few have potential to become Next Big Thing on the one hand, and give x1000 profits to investors on the other. One of them is surely Cardano, which - if the Cardano team delivers - will disrupt the crypto-world big time, making long-term investments worth while. Project Cardano's CEO Charles Hoskinson (former CEO of Ethereum) has already been called the Steve Jobs of cryptocurrencies. Together with his team of Einsteins producing legit papers on every piecie of technology and fascinating concepts behind Cardano platform and coin, they make it really hard to not be passionate about. So in terms of both investing (ADA - Cardano coin - is now at $ 0.4) and educating oneself, jumping into the blockchain wagon, this project seems to be a lot more interesting than ol' Bitcoin. But the real question here is - blockchain or not blockchain? The answer is - you don't really have a choice at this stage :)

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As a short term investment definately not...the markets have become too volitile in Cryptos as this week has shown..Bitcoin significantly down as a result mainly of the possibility of South Korean sanctions and Ether up possible from investors switching and possibly due to the realisation that it's potentially the better long term play...as solutions can be built off the back of it. ICO's are of interest too with over $3bil in new funds raised in 2017, mainly in the US and Switzerland. ICO's could becme de rigour for small, innovative and particularly Blockchain/IT driven funding

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Definitely Bitcoin.

From a technology point of view, it is a no-brainer. Moreover, history has shown trying to stop a revolutionary technology from taking root is pointless. Bitcoin and cryptocurrencies, in general, represent a new wave of a money system that is free from government control. They are ushering in a new era that starts with the divorce of the state from the financial system, like the separation of the state from the church, this will be good for every party that is involved. Recently we have witnessed the worst of government-controlled currency in Zimbabwe and Venezuela, this will be a thing of the past with cryptocurrency. The fight on bitcoin by the established monetary system is not about bitcoin as a form of currency, but on it truly represents; a society that has an economic power not controlled by the government or banking and financial institutions. Make no mistake, politics and cryptocurrencies are very much intertwined, but only because no government can control them. They are a source of wealth for an individual which cannot be taken away.

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