31 Comments
Jul 18, 2021Liked by Rony Roy

Both of the options are appliable. Thinking that, you will be able to pay your vacations, or just making your weekly market shopping by using crypto currency sounds very insane (Actually there are some hotels that accept crypto payment).

Yes, if we think about this it the problem of volatility comes out. Indeed, it is good if the price of crypto coin you accepted as payment increases, but, what if it collapses? I think it is the main concern of institutions. As you shout out, in the future there might be several coins that will be stable for payment. My proposal for this: the price of stable coin only go up or down %2-3 percent limited for one day. This would remove the barrier of volatility.

On the other hand, it is so nice to hear for an early Bitcoin investor, to be able to buy a Tesla car by using Bitcoin. And it gives us a sneak-peak about our future.

Thanks for the article!

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Jul 18, 2021Liked by Rony Roy

The Cryptocurrency are not adopted by many Countries or Organisation as a Payment but we can see Many Companies Starting To Adopt it slowly and i believe that the coming 5 year's will be the very important years in crypto and Many people will get to know about it and understand about Blockchain and How much important Decentralization is in this century.

I believe in Slow Change not a rapid change cause i have experienced that something which comes in rapid goes in rapid ,( Hope You Understand What i mean lol)

Thanks for an awesome Article Rony 🔥❤️

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Jul 18, 2021Liked by Rony Roy

Is crypto a good long-term investment?

Many cryptocurrencies such as Bitcoin and Ethereum have been launched with lofty goals that can be achieved over long time frames. While the success of any cryptocurrency project is not guaranteed, if a cryptocurrency project achieves its goals, then early investors can be richly rewarded in the long run.

However, for any cryptocurrency project, it needs widespread adoption to be considered a long-term success.

Bitcoin as a long-term investment

Bitcoin, the most widely known cryptocurrency, benefits from the network effect – more people want to own Bitcoin as most people own it. Bitcoin is currently seen as "digital gold" by many investors, but it can also be used as a form of digital cash.

Bitcoin investors believe that the cryptocurrency will appreciate in the long run as the supply is stable, unlike the supply of fiat currencies such as the US dollar or Japanese yen. Bitcoin supply is capped at just under 21 million coins, while central bank-controlled currencies can be minted at will of politicians. Many investors expect Bitcoin to appreciate as fiat currencies depreciate.

Those bulls believe that in the long run, Bitcoin has the potential to become the first truly global currency, as Bitcoin is widely used as digital cash.

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Jul 18, 2021Liked by Rony Roy

I do not expect a rapid change in price outside of crypto. It's going to take him a long time to adapt to people and the world. But when it adapts, it will change a lot.

The reason the adaptation is taking so long is because the blockchain is so big. He has almost a solution to everything. Because of this, it will take a long time. The steps taken by some countries recently and the positive approach of companies are great events in this process.

We have to see every event, while everyone can look at it differently.

In this way, we will be free and comfortable in the future.

Thanks for the article.

Have a nice day.

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Jul 18, 2021Liked by Rony Roy

The demand for cryptocurrencies, which first entered our lives in 2009, has increased all over the world, especially with the Corona virus epidemic.

Bitcoin, the most well-known cryptocurrency, has yielded more than 450 percent on the US dollar last year.

This high rate of return increases the demand for cryptocurrencies, especially among the younger generation who are familiar with digital technology.

However, what are the features that distinguish these cryptocurrencies, which are virtual and supra-state by nature, from national currencies, how reliable are they and how are their values ​​determined?

Your rules are determined from the beginning and transferred to the software.

For example, if we talk about Bitcoin, it is already running on thousands of computers and even its founder cannot intervene.

In fact, software change is socially like an amendment to the constitution.

It means the reflection of the Social Contract on money. Bitcoin is a digital currency software that only works on the internet. But it is also community money in a sociological sense.

The fact that Bitcoin software, protected by cryptology (cryptography) technology, has not been the target of hacking attacks for years is a factor that increases trust.

At this point, in order for cryptocurrencies to disappear, all servers, even the internet, must be turned off, which is not possible.

Nation-states now have no choice but to adapt to cryptocurrencies: “States were late in discovering Bitcoin and cryptocurrencies. At first they didn't take it seriously, they laughed. Then they said 'it doesn't create a certain dimension' and when they finally started to examine it, they saw that the cross-border and cross-border structure of the internet failed the measure taken by a single state.

If states cannot provide sufficient stability to their citizens, especially after the pandemic, especially young people and those who know digital technology will turn to cryptocurrencies they trust, especially Bitcoin. This situation will destabilize the financial stability of the states.

Cryptocurrencies are on their way to becoming legal currency

Thanks for the article.

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Jul 18, 2021Liked by Rony Roy

It is possible to see the distrust of the unknown or the unexplored in the viewpoint of users towards cryptocurrencies. Contrary to popular belief, this type of money is one of the most reliable and confidential financial assets. The blockchain system, on which cryptocurrencies are based, ensures that transactions are carried out safely due to its technological infrastructure. Because in this technology, no retroactive manipulation can be done due to its structure. All transactions are carried out transparently on the blockchain network.

The protection of cryptocurrencies is a situation that is under the responsibility of individuals. Users should not share information about their personal data and assets with anyone. In addition, users can increase the security of their cryptocurrency accounts by using login methods such as two-factor authentication.

“Anonymity”, which is one of the first qualities that comes to mind when phrases such as crypto money, Bitcoin and blockchain are pronounced, can sometimes lead us to wrong conclusions. One of these implications is the knowledge that cryptocurrency transactions are anonymous and difficult to track. While crypto currency transactions are taking place, the information of the users is completely anonymous, that is, it remains anonymous unless the person himself discloses their assets and wallet addresses. However, wallet addresses and transactions of individuals are recorded in the blockchain system. So they can be seen and followed by everyone.

The fact that cryptocurrencies are decentralized means that they cannot be manipulated by any authority. In other words, this market is not monopolized by a person or institution. This is the basis of cryptocurrencies bringing financial freedom. Cryptocurrency prices are shaped entirely by supply and demand. The important thing here is to trade on a reliable platform.

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Jul 18, 2021Liked by Rony Roy

Cryptocurrencies currently have the ability to be used both as an investment vehicle and as a means of payment.

yes, perhaps this has not yet been adopted by a very large part of society.

but I believe it will.

Attempts by states to issue their own cryptocurrencies, and even their adoption as fiat currency, lead to its rapid adoption.

The raising of cryptocurrencies by large investment companies reinforces the idea that it is a good investment vehicle.

At the same time, the fact that large companies accept crypto as a means of payment is proof that it is a means of payment.

we just have to wait for them to be accepted by the whole society.

and this is not the distant future.

thanks for your great article

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Jul 18, 2021Liked by Rony Roy

It is possible to become rich by investing in cryptocurrency in 2021. But you can also lose all your money. How can both be true? Investing in crypto assets is risky, but potentially extremely profitable.

Cryptocurrency is a good investment if you want direct exposure to demand for digital currency, a safer but potentially less lucrative alternative is to buy stocks of companies with exposure to cryptocurrency.

Let's examine the pros and cons of investing in cryptocurrency.

Is cryptocurrency safe?

Various factors are making the cryptocurrency not completely secure, other signs are emerging that the cryptocurrency is here to stay, at least at the moment.

Cryptocurrency risks

Cryptocurrency exchanges, more than exchanges, are vulnerable to hacking and other criminal activity. These security breaches have resulted in huge losses for investors who have stolen their digital currencies.

Storing cryptocurrencies securely is also more difficult than owning stocks or bonds. Cryptocurrency exchanges like Coinbase (NASDAQ:COIN) make it very easy to buy and sell crypto assets like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), but many people do not like to keep their digital assets on exchanges due to the risk of cyber attack and theft mentioned above.

Some cryptocurrency holders opt for offline "cold storage" options like hardware or paper wallets, but cold storage comes with its own set of challenges. The biggest is the risk of losing your private key, where it is impossible to access your cryptocurrency.

Also, there is no guarantee that a crypto project you invest in will be successful. Competition among thousands of blockchain projects is fierce, and projects that are nothing short of scams are also common in the crypto industry. Only a small number of cryptocurrency projects will eventually thrive.

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Jul 18, 2021Liked by Rony Roy

As I can see from my environment, some structures accept bitcoin as a means of payment as well as cash. In restaurants, hotels or online shopping. But there are more people who use it as an investment tool, including myself. In the future, when the supply of bitcoin is full and if the price value stabilizes, why not use it as a means of payment. But this happens over a very long time. As it integrates on real-life phenomena, this process accelerates and can be accepted and adopted by more communities. We are at the very beginning of this integration process. There are a lot of fields, and after they are successful, they should be well introduced to people. People of all age groups should trust and adopt this technology. It really takes a long time for all of this to happen. Although some countries take concrete steps to use it as a means of payment, these are not enough. World's giant companies and governments can take this technology forward without "sabotaging the market". At the time this comment was written, bitcoin can be seen as an investment tool, but unfortunately it cannot be a payment tool in the full sense.

Thanks for the article and information good readings

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I believe cryptocurrencies will be the currency of the future.

This will be inevitable when blockchains begin to accompany us in most areas of our lives.

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Jul 19, 2021Liked by Rony Roy

You mentioned two options, but I think there are many more people who use it as an investment tool. In the past, people wanted to increase their money by buying things like land, precious metals, but when the crypto's earnings were much more, they turned here.

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From the beginning, I believed that crypto was not just money. Crypto regulates social life. So it's adaptable. I'll be someone who supports whatever it's worth. Until something better comes out, of course.

Good forums for everyone.

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Merging the Two Possibilities sounds like the best option.

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Jul 19, 2021Liked by Rony Roy

Great read! So much Power into the Blockchain Revolution.

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Crypto is both. Some people buy things with Bitcoin while others just hold it.

We should use it as we please.

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İ think, For now investment tool but it will be a currency in the future.

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