Cryptocurrency FAIL! Why Litecoin, Bitcoin, Ethereum Will Fail
There is so much of hype built around these Cryptocurrencies – everything from Litecoin, Bitcoin, Ethereum, Zcash, Ripple. And the list goes on and on. However, there are logical reasons as to why these currencies are bound to fail. For starters the biggest question which all Cryptocurrency experts fail to answer is – what is the Social use of Cryptocurrencies at the moment? The fact of the matter is – there is none! All that cryptocurrencies are being used for at the moment is nothing but investing in Speculation. And most people who tend to have Bitcoins or any kind of Cryptocurrencies – they use their cryptocurrencies only for one reason and one reason alone – to collect more and more. Why? Because of the underlying belief that the investment that they have will eventually sooner or later shoot up in value. And that is why, the only sensible thing to do is – to hold on to the currency and hope that its value will eventually shoot up and increase 10 times or 100 times or even 1000 times more when the short future does arrive.
In this video, I also share additional pointers as to why Cryptocurrency will fail in the future.
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