Hi everyone !
Today...
"What the caterpillar calls death, the butterfly calls it renaissance."
The market is full of red , and everyone is trying to get the next turn in the best way
I want to talk about the trends of the actual global feeling around the world towards Crypto in general.
- Everything is HYPE , value or not.
And since the heyday of social networks, the good hype has always taken an important part in the success or failure of many applications, musical artists, political scandals and new technologies.
Some survey institutes are now more focused on searching for waves of interest on social networks (demand, good news, new contracts, bad publicity, public expectations, positive or negative sentences through the meta of all discussions about specific events) rather than through keywords and other ways of conventional surveys( MCQ , part of population )
And the more we go in this 2017 year , the more the words "Crypto" "Bitcoins" 'Bubble" "Value" keep boucing in everyone's face.
But where is the real risk, as well as the real value?
Given the severity of the latest cyber attack, it is prudent to look at cyber security in relation to our financial system. The central bank of Russia, Bank Rossii, was one of the victims of this latest attack, but the Federal Reserve Bank of New York was also the victim in February 2016. This "turning" to the tune of 81 million Of $ assumed to be related to Bangladesh and possibly North Korea.
With this kind of big international players, wishing to attack the nucleus of banks and international finance, to what extent is our money still safe? All those euros / digital dollars that we have stored in cyberspace?
cyber-security experts estimate that there are more than 200 million attacks on the system every day. Although very few of these attacks succeed, their severity continues to grow, exposing the intrinsically fragile nature of our financial system, which is also strongly interconnected.
This risk highlights the value of holding a real asset whose value does not depend on the financial system.
And the Bitcoin then? Everyone is talking about these days. Although this is a relatively new phenomenon (it only exists since 2009), it has captured the attention of many in the financial community. With a history of eight years, the Bitcoin has shown that it is a real currency. The question is, what is its true value? And its value will be measured by what?
Bitcoins can be reached by "digital exploration" or "mining" with powerful computers; For themselves or in exchange for other currencies. Its value lies in the qualities it possesses: Like other forms of money, it is a means of exchange, a unit of account and a stock of value. According to a research produced by the University of Cambridge in 2017, 2.9 million to 5.8 million unique users actively use a portfolio of "cryptocurrency", and most using bitcoin. Obviously, bitcoin has a use as a medium of exchange and unit of account, but will it function as a stock of value?
March 17 , a date to remember in the Crypto books of History :)
So yeah , only time will tell, and the current trend is rather good.
Currently, 1 bitcoin is valued at around 2449 $. A whole valuation, even with the actual crash , for a currency supported only by an algorithmic data mining process married to the good faith and trust of its users. The question remains: Will bitcoins users be able to join cyberspace and catch these bitcoins in times of financial stress, or will that wealth disappear in a mist of government intervention, cyberattack or Internet malfunction ?.
These scenarios still have chances of arriving reassure you.
Where is the place of gold in this world of modern cryptography? For the answer, let's get back to the basic properties of money. Gold is clearly a unit of account. It is measured and valued against all other major currencies per day. Gold is a means of exchange. Gold remains a core element of all the central bank's main reserve assets. It remains valued as a medium of exchange in world trade, especially in times of stress. This has been demonstrated recently by Iran, Venezuela and Greece using gold to settle debts.
The most important use of gold, however, could very well be its property as a valuable stock. For more than 5,000 years, gold has been synonymous with wealth. Its inherent physical properties have been universally valued. Gold is not linked to any country, financial system or counterparty. This is not the responsibility of anyone (this is an additional reason to invest some of your savings at swiss-gold-global authorized distributor since 2007)
In fact, it is the only tangible, liquid and non-financial asset that it is practical to possess outside the financial system while remaining marketable at transparent prices in financial centers around the world.
This is where the real value of gold lies. It is a store of wealth outside the digital, crypto and cyber-connected worlds of current finance. Physical gold significantly reduces, if not eliminates, this new unknown cyberisk.
Gold will never disappear in ether or be stolen by a ghost computer hacker on the other side of the planet. So while I look at the news and evaluate the risks to wealth, I think physical gold is a good investment to make. And it is rather cheap now compared to most other asset classes.
Gold is a safe haven, yes, but do not be afraid! Bitcoins too!
Well , stay positive , happy and spread knowledge all around you guys ! Have a great day