Hi all Steemian friends ....? Today I read a newspaper saying that a Morgan Stanley observer had passed a survey that bitcoin prices would decline and could be worth no more than $ 0 he said. But I do not think so will happen because a currency of cryptocurrencies is determined at its own price, that is if all countries in the world do not participate will not accept bitcoin as a digital currency that can be traded.
Source photo & quot; http: //www.phaelosopher.com/wp-content/uploads/2017/05/bitcoin3.gif
What do you think? maybe friends have their own answers. Let me be more clear how Morgan Stanley said this I quoted Kompas.com newspaper》
The price of the bitcoin digital currency has been flooded in recent times following a sell-off by investors. This profit taking action after the value of bitcoin that had reached 20,000 US dollars or approximately USD 270 million.
A research report released by Morgan Stanley suggests the difficulty of justifying bitcoin valuations. The lack of people, vendors, or institutions willing to accept bitcoin as a means of payment can trigger the value of the digital currency to zero. In a research report to clients some time ago, Morgan Stanley analyst James Faucette and his team stated that the real value of bitcoin can reach 0 US dollars alias no value. The current bitcoin value is in the range of 14,000 US dollars or about IDR 189 million. However, in the report, Faucette and the team did not provide the target of bitcoin prices. Faucette also explained the difficulty of describing the value of a digital currency. "(Digital currency) is not like currency, unlike gold, and difficult to weigh (its value)," Faucette said as quoted by Business Insider, Tuesday (26/12/2017).
According to Faucette, bitcoin can not be as valuable as a conventional currency. In addition, no interest rate associated with bitcoin. Bitcoin, he added, is probably like digital gold. Bitcoin also does not have intrinsic uses like gold in jewelry for example, but investors seem to think bitcoin has value. Faucette also noted, the average daily trading volume bitcoin in the last 30 days reached 3 billion US dollars. The average daily trading volume in the foreign exchange market (FX) reached 5.4 trillion US dollars.
The estimated daily purchase volume of bitcoin reaches 300 million US dollars. This figure is lower than the volume of daily purchases on Visa that reached 17 billion US dollars. According to Faucette, very few retailers accept payments with bitcoin. This is one of the backgrounds that the bitcoin value will be zero. "If no one accepts this payment technology, then the value will be 0," Faucette sai
Source News From Kompas.com "http://ekonomi.kompas.com/read/2017/12/26/153000326/morgan-stanley--harga-bitcoin-bakal-hanya-0-