Cash Losing Popularity, Banks Losing Trust - The Time is Ripe for Bitcoin?
Our society is moving faster and faster towards its cashless future, paradoxically at the same time losing trust in traditional banking. Does it mean that we are ready for Bitcoin? Is it time for it to officially enter the financial scene? Giving up on traditional banking. When a mobile security researcher/developer at Zimperium wrote that he is giving up on traditional banking and would be living on Bitcoin, it was to express his frustration with the banking system for being told to “trust” that his money is safe even when he has no idea where it is or who is controlling it. Just like....
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The popularity of cryptocurrency as an investment vehicle is dwindling in the U.S., according to a survey made by Bankrate. The survey found that trust in crypto has diminished across several groups, with millennials losing 20% of their trust in the assets — more confidence lost than in the other generational groups surveyed. Investors Losing Confidence in Crypto According to Bankrate While crypto is still considered a new investment vehicle in the current market, some of its believers have started to lose faith. A survey made by Bankrate shows that the number of Americans....
Bitcoin’s popularity is increasing every day. As time goes by, more of us are losing faith in fiat currency and placing our trust in the digital world. Sure, things aren’t always perfect, but if one looks deep enough, the advantages are certainly there, and given the right circumstances, it might be possible to earn a bit to further secure ourselves financially. As we near the end of 2015, many may be wondering if investing in bitcoin might be a good goal for the upcoming year. Here are a few reasons why one should consider doing so:
JPMorgan has piled on the ethereum high gas fee issue as a reason why it could end up losing out to competitors like Solana and Cardano. These other projects past significantly fewer transaction fees than ethereum, being one of the major pull points for investors. Due to this, it is increasingly losing users to other […]
Bitcoin price is back under $57,000 after losing an important trend line that has supported the cryptocurrency’s now historic uptrend. The critical uptrend line began just after the leading cryptocurrency by market cap cracked back above $20,000 for the first time, and it never looked back since. Losing such a line, however, could lead to the first extended return to prices previously traded at, requiring a stronger bounce before the Bitcoin bull run resumes. Bitcoin […]
Investors, who are keeping a close eye on Bitcoin Cash and want to avoid losses, should steer clear of these crucial price points. As of this writing, Bitcoin is still showing a little bit of bullishness, despite losing a few digits from its price. BTC retreated below the $20K mark, and now trades at $19,998, according to data from Coingecko. Short-term support for the bears came from rejection wicks at the $20.5k level. Even Bitcoin Cash, the fork of BTC, isn’t immune to this issue. BCH is in such a jam, despite Bitcoin losing the $20k psychological support. There have been recent....