Rise of Cryptocurrencies: Legitimate Institutions or a Passing Fad?

[SilverLance]

On one hand, proponents of cryptocurrencies argue that they have numerous advantages that make them a viable alternative to traditional fiat currencies.

On the other hand, critics argue that cryptocurrencies are highly volatile and lack stability, making them a risky investment. Also the fact that anyone can create and launch their own cryptocurrency raises questions about their legitimacy and sustainability.

So, are cryptocurrencies legitimate institutions or just a passing fad?

 

[King Belieal]

People that talk about the volatility of crypto are yet to meet fiat currencies whose value fluctuates within three hours. They should dig deeper and they would find it.

 

[SilverLance]

You're right, it's important for people to recognize that volatility isn't unique to cryptocurrencies, and exists in all forms of currency.

 

[Fidelia]

People that talk about the volatility of crypto are yet to meet fiat currencies whose value fluctuates within three hours. They should dig deeper and they would find it.

You're right, it's important for people to recognize that volatility isn't unique to cryptocurrencies, and exists in all forms of currency.

Let me introduce you guys to that fiat currency whose value is highly volatil. It is called the Nigerian Naira. It was gaining against the dollar last week but as at now, it has fallen flat footed. Might even have more volatility than crypto.