When you view this visualization of the dollar to an extent any other fiat money in your country it may be hard for the everyday folk to understand the real value crypto brings to the market. As we speak right now dollar is still the reigning champ if you have a lot of it and you do not know much about crypto. Or I may say if you have a large control say or stake in dollar, your opinion will be going against crypto altogether. I love to hear the volatility excuse. At least we all know the everyday emotion on the lives of the holders.
When I look at the dollar since inception, the mobile behind this fiat currency is to move around and act as a transit for the market. It will be hard to expect the dollar then back by gold to inherit an imperfect solution to bring financial power to the people. Unfortunately it is a bandage from the day it was born. It continues to do so to these days bringing an imbalance to the world market. While each fiat in existence follow the same principles you see the country with weak economic system fail miserably against the dollar.
Again whoever control the gold, makes the rule. In the 30's and 40's the gold is moving away and the dollar is backed by you know what. I do not want to say by nothing cause everybody who possess the dollar uses it with no problem. So far just like your country fiat currency is somehow trusted to do a transaction. As long you are earning really good, you may not see the effect of the dollar losing value. Even though you were living under a rock, as more folks have dollar, inflation oblige for it to depreciate. Kindly remind of printing more fiat causes a lot of headache for many.
It is the way of life. At first it may look like a rocket science but inflation itself will eat the bottom line. I usually talk about inflation in my post. There are different ways to assimilate inflation to crypto or fiat. While many views inflation in a bad term, inflation is a way to keep everyone in check.
Apart from BTC, it was design to be deflationary so we all can use it as asset and fight against the quantitative easing of the dollar. Another way bring control to you and I so we can decide what to hold and what to let go. Lately the way Hive is moving, you can see a deflationary tendency in place. Again understand how the dollar losing value daily reinforce the motive to dig yourself more in crypto.
When free will dictate how crypto will grow, it could be a great thing to start. Decentralization is another thesis that give all crypto the superiority over fiat. Do not forget humans being are using crypto not aliens. pick your battle.
We all know the true benefit of crypto is lack of debt behind the blockchain. What you see is what you get. Any crypto with a great community is back by the trust of all actors involved. Hive is a good specimen through the great community that keep it afloat. As more use cases appear, you can witness the benefit of holding the token long term. So far it pays dividend for those who believe.
While the fiat currency needs to exist for the time being, crypto will continue to eat into the asset class and bring value to the holders. The question today is why you need crypto. It should be what crypto do you hold? Are you diversified? Has the future look so far for the next 5 to 10 years?
While you are thinking hardly to your way of moving forward, crypto is here to stay. The abundance of the crypto market is paving the way where abundance belongs to the early birds
Keep yourself occupy and vest in yourself.
Posted Using LeoFinance Beta