RATE Group | What The Charts Say About Bitcoin
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What The Charts Say About Bitcoin

13 Dec What The Charts Say About Bitcoin

Posted at 16:51h in Bitcoin News by

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Pixabay, Pete Linforth

By Rob Isbitts for IRIS.xyz

For now, Bitcoin is just another trading toy

Ah, Bitcoin. The stuff of dreams. The new frontier in currency and commerce. The gateway to a world dominated by blockchain technology, with newly-minted zillionaires lining of streets of urban and rural sites across the globe. Or, the speculative arm of a legitimate evolution of financial transactions.

Now, before you get all defensive about how amazing Bitcoin is, and tell me how out of touch I am (after all, at age 55, I am way too old to understand this stuff, right?), hear me out. I do see the role of blockchain technology in the global economy going forward.

However, I think of Bitcoin, the most famous of cryptocurrencies, like “Band-Aids” are to adhesive bandages (hint: same thing, but one is a brand name, the other is just what the product is). Bitcoin is the proverbial poster-child for this new way to hold money. That is all fine with me. My point, though: just don’t pretend it…

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