Can cryptocurrency fail? This question is asked by many. Someone might say that this is not the question of will it fails but when it fails? It can happen in the ten years from now, if that the case it can be a good investment for five years from now. The technology behind cryptos is crucial in the long-term vision of what can happen in the future. We have to look long-term into cryptocurrencies. It means that today’s technologies and coins may not be relevant in the future and can be replaced by the other representatives inside blockchain. Today’s players such as IOTA, third generation cryptocurrencies set the pace for the future vision of what the cryptocurrencies can be. Vision is enormous, AI technologies and implemented into such magnificent inventions as IOTA is, give bright future to the topic.
Governments also can be a problem. Once in a while, we hear that some law regulations can get into life. The recent significant news was China which ICO ban did a substantial turmoil in cryptocurrency world. Token sales were labeled as “illegal and disruptive to economic and financial stability.” That seems quite reasonable because Initial Coin Offerings are in the most cases failures and can present a bad image of cryptocurrencies, in the average man mind. Other alarming signs that some of the countries such as Poland which chairman of Polish banks said that cryptocurrencies could be banned.
Can cryptocurrency fail? Asked too often, may cause some anxiety but when we are looking at increasing market cap, we don’t have the cause for worries. Even If we consider the most cryptocurrencies as a bubble and their evaluation is overestimated, we have a strong background in bitcoin, which contains the whole infrastructure of payments gateways and market allowing pays only in bitcoin, despite high mining fees. Deflation nature of bitcoin and preestablished supply of bitcoin in the amount of 21 000 000 coins are also sign great sign that it won’t fail even after mining ends. Right now surge of new users of markets such as Coinbase.com is incredible. Every month millions of users are registered on Coin base, and every day it’s a thousand registrations. It’s a great sign that market will be increased, and right now we can sleep calmly.
Blockchain and IOTA’s Tangle are significant achievements and improvements, showing us more significant adjustments in the future AI world that can use to make intelligent managing energy houses combined in smart cities. Nothing indicates that technology behind those cryptocurrency, collapse and won’t be developed further.
It seems real that some coins are Ponzi scheme without actual groundwork and fundamental value and that’s why there isn’t a reason to keep those coins alive on the market in the long-term perspective. Can cryptocurrency fail? In this specific situation can have one answer. Yes, those “shit” coins must fail because there isn’t much value given us. Copy of bitcoin isn’t worth keeping on the market. It’s hard to evaluate cryptocurrencies unlike the other assets like stocks or companies.
Bitcoin is another cup of tea. Mining of bitcoin belongs right now to a few mines in China, so it’s centralized indeed. We can’t predict actions which these mining conglomerates will take. Potential mistakes which those mining companies could make may have substantial long-term effects on Bitcoin itself. Looking forward to the future we can go assumption also about block rewards when it dies, mining fee may skyrocket, and the idea that bitcoin has something familiar with the form of payment can fade away too. This won’t be a problem by the next years, so we don’t have to worry about this, mining Bitcoin is still in excellent condition and won’t be over.