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Why are we all going to buy Bitcoin?
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Why are we all going to buy Bitcoin?

created Michał Sielski26 May 2021

Some people believe that cryptocurrencies are a topic they have missed and that the opportunity to earn money will no longer appear on it. For many others, it is still a field where you can earn money quickly. Regardless of what you think and which theory you believe in, sooner or later you will be using cryptocurrencies. Because it is certain that even if they do not completely replace traditional money, they will be a very large part of the market.

Why are we convinced that everyone will use cryptocurrencies? Let us make it clear: not only us. This is practically an official fact after the largest companies in the world, and even countries, started working on their cryptocurrencies. The last phase is already, among others, digital yuan in china and the tests it undergoes are practically in the final stages. Their results are at least satisfactory, so if the largest economy in the world, which has an appetite for the financial subjugation of virtually all markets, uses cryptocurrencies, the rest of the world will stick to the traditional and - what can I say - backward paper currency?

Of course not, because the world is developing and adopting the best solutions. One of them is cryptocurrency, or rather cryptocurrencies, because few people know that there are already several thousand of them on the market. Some of them are, of course, little or nothing to do blockchain world, but many are very refined, unique projects that will cope with the market regardless of the prevailing economic situation. This is the beginning of the era it is called Bitcoin Revolution.

A revolution in payments, or what?

Until recently, it seemed to us that there was not much else to come up with to facilitate payments. Contactless cards, blik - these are new products that seemingly are so easy and intuitive that nothing else would be of any use to us. Because why improve on something that is perfect? 

It turned out, however, that payments with traditional currencies are far from ideal. First of all: they are not that safe at all, especially if we lose the card or documents that will allow us to wipe our account down to zero. After all, then it is enough to transfer to the so-called "Pole", or even a few, then a withdrawal or withdrawals in a bank or even an ATM and there is no trace of money. Meanwhile, cryptocurrencies leave such a trace and will always leave it - each coin has its own unique address and you can trace her all the way from the beginning of the uprising. The allegation of cryptocurrency opponents, about their alleged anonymity, can therefore be put between fairy tales. 

It's also worth mentioning that for most cryptocurrencies, we have no idea inflation. We know in advance exactly how many units there will be on the market. We also know how much is in circulation and no one will ever "re-print" new ones, because there is an economic crisis, or he is just fighting for the votes of populist voters and wants to launch social programs ensuring re-election, for example in presidential elections. Everything is clear here, and the value of the cryptocurrency is regulated only by the market, not by politicians. Of course, there are significant changes in their prices for now, but everyone who is even a little interested in blockchain technology can see that the long-term trend is obvious - the value of the cryptocurrency market is constantly growing dynamically.

So why shouldn't better-secured, safer, more modern and easier-to-use means of payment replace this traditional, easily counterfeit, backward fiat money? Only states can stand in the way, but they have given up a long time ago, although they still wave their sabers to make it look. 

On the other hand, not only the biggest players on the market are persistently working on their implementation. For a long time in Petro Even pensions are paid out from sanctions and inflationary Venezuela, and the digital yuan moves from testing to use in an increasingly large Chinese territory. Governments of countries on virtually every continent are already working on cryptocurrencies, so their prevalence will not surprise anyone soon. The only question is not if, but when it will happen. Especially since we will soon get to know it too Facebook cryptocurrency - the largest social medium in the world - which we will pay, among others via messenger Massenger. 

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About the Author
Michał Sielski
Professional journalist for over 20 years. He worked, among others, in Gazeta Wyborcza, recently associated with the largest regional portal - Trojmiasto.pl. He has been present on the financial market for 18 years, he started on the Warsaw Stock Exchange when the shares of PKN Orlen and TP SA were just being introduced to the market. Recently, his investment focus has been exclusively on the Forex market. Privately, he is a parachutist, a lover of Polish mountains and a Polish karate champion.