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re: Could this push us to Crypto
Posted on 3/23/20 at 9:45 am to themasterpater
Posted on 3/23/20 at 9:45 am to themasterpater
quote:
Yeah if people always look at it as stock it’ll never change
This. As long as you cant buy goods and service with crpyto, it'll continue to be a speculative investment at best. It's more like gambling than trading in forex markets bc no one has a reason to buy crypto it other than to sell it at a higher price.
Posted on 3/23/20 at 11:34 am to 850tiger
quote:
This. As long as you cant buy goods and service with crpyto, it'll continue to be a speculative investment at best. It's more like gambling than trading in forex markets bc no one has a reason to buy crypto it other than to sell it at a higher price.
I get the point. You cant go buy stuff at walmart or the gas station like with cash/credit, but there are goods and services that can be bought with crypto.
Some of the more notable companies that accept it as payment are Microsoft, Newegg, AT&T, overstock, Twitch, and expedia. I think its mostly Tech, online media, online gambling, and Travel type goods and services at this point. There are indirect ways to use it for Amazon purchases.
Those companies are way ahead of the curve though, it may be closer to 5-10 years before we see it being commonly accepted.
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