Bitcoin is not the best tool for investment, sure Aaron Butler
Bitcoin is just a bloated bubble
Blockchain is no better than existing payment systems
It is worth investing in stocks and coins of crypto exchanges
International consortium of news organizations, developing transparency standards.
IN his detailed analysis of the behavior of bitcoin, investor Aaron Butler came to the conclusion that the volatility coins remains high enough, so investing in military-technical cooperation is crazy. The author also provides tools that considers more stable and profitable.
Bitcoin is a bubble!
Aaron himself assures that MTC nothing more than a bubble that can burst into any time. To prove his theory, he leads several arguments. First, as Aaron writes, bitcoin was not created in quality a profitable investment instrument. As conceived by Satoshi Nakamoto himself In 2009 year someone (one person or group of developers), hiding under the pseudonym Satoshi Nakamoto (Satoshi Nakamoto), revolutionized digital… More, cryptocurrency should become a universal tool for P2P payments, and transaction fees should be either minimal or absent altogether. But twelve years after launch bitcoin, commission on BTC transactions remains above, than the same TransferWise payment system.
“In terms of cost, Western Union and TransferWise remain the cheapest options. When transferring 1000 dollars the commission amount is less than 1%. On the other hand, translation of money through network Bitcoin costs ~ 4% (via Coinbase), which is higher, than even PayPal. In my opinion, this too much to support mass adoption as a medium of exchange, ”writes Aaron.
Bitcoin users talk about such an advantage of blockchain as the speed of transferring a transaction and recording it in the blockchain. But on opinion Aaron, such the existing payment systems also have functions. As the author himself admits, MTC users claim that the transaction does not exceed 10 minutes, but payments are fiat money borrow from several seconds to 5 minutes. Admittedly by crypto enthusiasts, having transactions recorded on the blockchain makes it easier to track traffic funds. but and traditional payment services offer similar tracking capabilities. Can claim that users of the latest system get more the benefits of having an accountable third party, which can manually verify the payment is received by sending a message to the retail agent in the receiving country.
As Aaron is sure, blockchain and cryptocurrencies are no better, and in some respects even worse than existing payment systems.
Investment in doubt: Bitcoin remains volatile
Also, Aaron is skeptical against investing in bitcoin. Cryptocurrencies remain quite volatile, so the risk of losing all your savings increases many times over. Himself investor compares the bitcoin boom to the gold rush in California, when Americans and migrants began to massively mine gold. Some of them really became fabulously rich, but most of them failed.
“Yes, there is a chance that you will become a millionaire overnight. On the other hand, there is a very good chance that everything it will burst. I tend to take a side last”, – writes Aaron.
By him believe it is safer to invest in traditional assets, such as stocks, bonds, and exchange tokens, such as Coinbase, value which is formed from the total trading volume, volatility cryptocurrencies and activity users.
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