Bitcoin very much exists in two different planes of reality, just as standard money. So this is something that we’ve seen play out in the average markets. The common stock markets before & it’s something that we’re going to see play out in cryptocurrency & it’s something that we’re seeing play out right now.
The Duality of crypto-currencies and why it matters
Duality in markets is something that we see all the time. What I’m referencing here is we’re talking about the two-income classes of people at their base level. We have the haves, and we have the have nodes. Now the haves are the wealthier individuals of the world that people have got cash. The people that have money to spend in to invest & to speculate. That is a big factor here the speculation, and then we have the have masternodes coins. The people are to live basically from day today are struggling a bit & don’t have as much money to spend. They have not do not speculate, but they use money and by extension, cryptocurrency to survive, and this is why this is so important to recognize.
We see right now an absolute metric ton of growth in the sector of the have-nodes. Basically, in the emerging markets of the world, we are saying crypto-currencies grow hugely, and that is exciting. Because until you see a market with significant Duality or until you see markets develop significant Duality that the market cannot succeed, it will east easily. There are going to be a huge factor driving cryptocurrency into the future. Duality is essential for any market.
We have seen Bitcoin spring up and be successful in developed nations. I’m talking Japan, the United States various Western European countries and even Eastern European countries then are where a Bitcoin has succeeded. It has succeeded with the haves with the people with extra money to spend and to speculate, but here’s the thing speculation can only carry a currency for so long. After a while, people get bored with their thinking; the gains aren’t what they wanted, and people start to move on.
People in the developed world are using Bitcoin as a means to make extra money, and that is perfectly fine. But people in the developing world & third world countries are using it because they have to.
For instance, Venezuela’s economy right now is turning to absolute crap & people there are turning to Bitcoin & other crypto currencies to protect their wealth.
When the Communists would come into their village, think about Soviet satellite states; you had a lot of people using money that they stored that the communists would have otherwise confiscated to sustain themselves during communist rule. These are similar. We are seeing Bitcoin being used in developing nations, and that is a perfect thing because these developing nations are making a perfect use case for crypto-currencies.
While crypto is excellent for speculation & while it’s suitable for making extra money on its basis of being an asset that you can buy into & sell at a later date to make money, it’s also really workable based on tangibility, it’s beneficial, and that is something that is going to make the difference going into the future. It is fantastic to see Bitcoin used as a speculative asset with the haves & the people that have speculated that.
This Duality is critical because now we are seeing Bitcoin and crypto-currencies being used on a day to day basis and that day to day usefulness. For remittances, for buying food, to purchase other necessary items. That’s going to push us forward in a big way. Speculation essential day-to-day use very important.
When two of them come together & we see use all around the world both for speculation & the sustainability of survival for keeping some wealth. When your country loses a lot of its fiat worth, this is a big deal. These are important, and this is something that shows that an asset is maturing.
When it has this Duality this sort of dual usefulness, we can expect to see some good sustainable growth going into the future, because once again that sustainability comes from both speculation & market volatility associated with trading and the consistent use by millions of people around the globe.
High organic growth in emerging markets is a good thing for Bitcoin. It’s not going to hamper or impede progress at all, and that’s what we need to recognize. Even while these states have problems Venezuela, for example, I think that honestly, after the country also shapes up and starts to overcome its problems. We’re going to see a lot of people continue to use Bitcoin just because it’s so useful, and that’s only going to spread.
