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Load More. Download App Keep track of your holdings and explore over 7, cryptocurrencies. Speculative frenzies can artificially drive up the price of a currency, but when such bubbles burst that inflated value disappears in an instant!
Likewise, many of them had to be stamped every month to remain in circulation and would expire after a certain date — to prevent hoarding.
This horrifies Wall Streeters, since their game is to try and make money out of money by dreaming up derivatives or trading secondary instruments with each other. They forget that owning a share of stock does not give you ownership over a living corporation or its employees! A stock certificate is simply a tradable contract whose value changes daily in the market.
It is the most popular decentralised digital currency which is now used worldwide as a medium of exchange. We are entering a completely different world, a digital world, and we are navigating our way out of the old corrupt, evil banking system. Its governed and owned by the people who use it, much like the internet.
We can exchange value without a third party being involved like paypal, visa or mastercard. So in effect those of us who have BITCOIN, and there are thousands upon thousands of us, cut out the middle man in all transactions, ie the banking system.