Before we even get started on the post, look at this useful video by Fortune.com first.
Two Sides of the Coin
There are always 2 sides to a coin – those who are For cryptocurrencies and those who are against them; same to Stocks or Gold or Forex.
On 1 front, people who have made massive gains are probably all in favour of the adoption of crypto-currencies. Several benefits include
Low costs due to decentralized peer-to-peer transfer, New market & technology which signifies a lot more room for growth. Increased usage throughout the world (Starbucks and Mcdonalds are the pioneer supporters)
On the other hand, many are still skeptical about this birth of ‘cryptocurrencies’. They call it a bubble and that many alt-coins look like the now de-funct websites that emerged during the dot-com bubble. Other than the cap of supply, there is no real value of the cryptocurrencies ......