While crypto-currencies fluctuate wildly when there is demand for them, an overall increase in the lowest prices of crypto-currency over time could indicate a healthy global economy.
I've noticed that Litecoin (LTC) has started to enter buying territory with Ethereum (ETH) close by.
For gamers, now would be a good time to get a graphics card if one needs to get a new graphics card or upgrade their current graphics card. High prices of crypto-currencies lead to a demand for graphics cards which can be used to mine cryptocurrencies and this increased demand sometimes leads to graphics cards doubling in price.
The more spare cash there is in a global economy, the more likely that some spare cash could be pumped into crypto-currencies. Crypto-currencies can be used to barter for illegal goods and services so there is always some demand for crypto-currencies. It is also faster to do international money transfers with crypto-currencies rather than with traditional financial channels so there is additional legal demand for crypto-currencies.
When someone in a country with high inflation wants to sell their goods or services, they may be willing to accept crypto-currency but this may not be a widespread use case for crypto-currency due to the wild fluctuations in the crypto-currency markets where prices may suddenly decrease in large amounts.
I am currently testing BuyUCoin for depositing INR to buy LTC and ETH. The site used a novel P2P bank payment system where users (no trust system on the site yet) can send each other bank transfers using information given on the site. This P2P payment system allows users to send each other money with the site keeping account on how much a user has sent to other users and how much someone has withdrawn from the site. As of now, it is very difficult to know who the trust worthy users are as a specific users activity is not viewable by site members.
Crypto-currency is still in its infancy stages and it may be quite sometime until stable price discovery is reached.
I've noticed that Litecoin (LTC) has started to enter buying territory with Ethereum (ETH) close by.
For gamers, now would be a good time to get a graphics card if one needs to get a new graphics card or upgrade their current graphics card. High prices of crypto-currencies lead to a demand for graphics cards which can be used to mine cryptocurrencies and this increased demand sometimes leads to graphics cards doubling in price.
The more spare cash there is in a global economy, the more likely that some spare cash could be pumped into crypto-currencies. Crypto-currencies can be used to barter for illegal goods and services so there is always some demand for crypto-currencies. It is also faster to do international money transfers with crypto-currencies rather than with traditional financial channels so there is additional legal demand for crypto-currencies.
When someone in a country with high inflation wants to sell their goods or services, they may be willing to accept crypto-currency but this may not be a widespread use case for crypto-currency due to the wild fluctuations in the crypto-currency markets where prices may suddenly decrease in large amounts.
I am currently testing BuyUCoin for depositing INR to buy LTC and ETH. The site used a novel P2P bank payment system where users (no trust system on the site yet) can send each other bank transfers using information given on the site. This P2P payment system allows users to send each other money with the site keeping account on how much a user has sent to other users and how much someone has withdrawn from the site. As of now, it is very difficult to know who the trust worthy users are as a specific users activity is not viewable by site members.
Crypto-currency is still in its infancy stages and it may be quite sometime until stable price discovery is reached.
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