Q. How probably do you see cryptocurrencies replacing fiat currencies?
Accepted Answer
In order to replace fiat currencies, some sort of regulation is needed on the crypto market. There is far too many scams going on in the crypto space for it to really break into the mainstream. From scam sights posing as sales reps for Bitmain, to rubbish ICO’s to exit scams! Something needs to be done to clamp down on these opportunists first.
answered by clivehayes
2 Other Answers
In my forex trading journey, I prioritize finex berjangka indonesia penipuan risk management by implementing a structured approach to position sizing, setting stop-loss orders, and diversifying across currency pairs. Additionally, I adhere to a predefined risk-reward ratio and avoid over-leveraging to protect my capital and navigate market volatility effectively. I prefer trading major currency pairs like EUR/USD and GBP/USD due to their liquidity, volatility, and well-established trends. However, I occasionally explore exotic pairs like USD/TRY or EUR/JPY for diversification and unique trading opportunities.
answered by kenneth98
Not in the near term. They need to become less volatile (through more regulation?) and easier for the average person to own and use. The underlying infrastructure (blockchain) needs to mature to be able to support higher speeds and the distrubuted apps (cryptocurrencies) need to be part of a more secure ecosystem. This will cut down on theft and scams. Still a long way off from most people feeling they are safe and a good store of value.
answered by hishak
