What happens when cryptocurrency becomes unaffordable for new users to buy in or to buy less valuable items?
What is so awesome about cryptos like bitcoin is that we can divide one bitcoin indefinitely, so has the value increases we will see merchants just fix the cost of items accordingly. This is actually why we will never see inflation happen and also allow us to use bitcoin forever (in theory) without having to generate more coins. So it will never be to late to buy in, maybe to make money on it, but eventually bitcoin will be accepted like visa (everywhere) and at that point we will all want some just so we can participate in commerce. If you still have any questions feel free to eMail me at BennOlsen@gmail.com
History..., help please..!!?
1. Geography played both an advantage and disadvantage for the Roman Empire. Advantages are that rivers and mountains or deserts became natural borders. The Alps Mountains allowed Rome cover to control the Italian Pennisulia until it was strong enough for further conquests. Later when Rome controlled most of Europe geography played a hand in its downfall. Communication due to size was slow. Territory was devided by regions and to properly govern much power was given to local govenors. After time they began to resent rule from Rome and caused it continuing weakness. 2. Rome's rise was due to the advancements it had compared to the rest of the known world. It's army was rigidly trained and several parts acted as one. The government and people placed the nation or city as highest priority. There was also a feel of Roman dominance that Rome had a right and destiny to rule the world. With the end of Greece power, and only tribal rule in Europe, many welcomed Rome to partake in it's advacments. History is filled with several circumstances involoving people, time and place being just right for conditions. Rome's rise is the result of it's people but by far not the only.
Is buying Litecoin in 2018 a good investment?
Is Buying Litecoin in 2018 a Solid Investment?Yes.However, 2018 is a large timeframe.Buying Litecoin at any point is a good investment as long as you’re not catching the top and you’re comfortable with the inherent risk in investing in new financial instruments.If you’re making a long term investment it doesn’t matter as much. Litecoin is one of the older cryptocurrencies and in my opinion one of the most stable when it comes to actually storing value.Example: right now Litecoin is around $70, I wouldn’t buy it here personally- but when it consolidates and hopefully drops back down to around $60–65, I’d consider it a good buy.Update Dec 9th: Turns out I’m eating my words in the short term- LTC stayed around $90 only to shoot past all time highs in the last 2 days. Currently LTC is at $150However, I’m also a degenerate gambler so my entry point is extremely important. I know that if I buy now (even though I’m confident it will continue to climb in the long run), it’s almost undoubtedly going to drop to consolidate—at which point I will be “in the red” for an undetermined period of time. A period of time where I could have been using that capital to catch other uptrends in the market.Most will tell you “unrealized” gains or losses aren’t real (it’s not a loss or gain until you realize it, aka cash out), but that doesn’t mean they hurt any less when considering opportunity cost.