After The Bitcoin Crash, Are Cryptocurrencies More Currency Or Commodity?

Bitcoin prices have fallen hard in the last month, down about 40%. It seems as many people have been gleefully predicting the demise of cryptocurrencies as have been anticipating great returns. If cryptocurrency—whether in the form of Bitcoin, one of its cousins like Ethereum, or some yet-unimagined digital creation—are here to stay, will it come to look and act more as currency or as the commodity?

The term cryptocurrency screams currency. The name Bitcoin is intended to create a mental image of money. The intention is to use Bitcoin as a tool for purchasing goods and services, but it is not legal tender.

Perhaps the best real argument to think of cryptocurrencies as currencies is that they are mimicking previous experiences with currencies. It is not unheard of to see a currency of a struggling nation fall off a cliff and lose 40% of its value in about a month. Inflation and deflation are common in modern economies, especially since it became uncommon to tie currencies to a standard commodity.

In 1971, the U.S. stopped tying its dollar to gold, meaning there is no physical commodity behind the value of a U.S. dollar today. Some countries peg their currency to the U.S. dollar, in hopes that the stability of the United States will protect their rates, but, ultimately, currencies appear to be largely floating in the wind like cryptocurrencies.

On the other hand, the underlying purpose behind the cryptocurrency movement seems to be the decentralization of power as a contrast to the existence of currencies. Central banks and governments now regularly interfere with the values of their currencies, raising and lowering rates, printing new money (oftentimes virtually), and trying to plan their economies. Switzerland is one country that has very actively sought to control its currency value because it is vital for that small country to have a favorable exchange rate with the euro, which surrounds it. If the Swiss franc became too valuable, it would be hard for Switzerland to attract business from surrounding Europe.
In this way, cryptocurrency is intended to be the antidote—not the replication of—modern currencies. Cryptocurrencies are designed to avoid central control, except by powers that manage to own it. Much like commodities are controlled by their owners and rarely by central government authorities (unless those are the owners).

11,949 Thoughts to “After The Bitcoin Crash, Are Cryptocurrencies More Currency Or Commodity?”

  1. I and my buddies were examining the excellent solutions from your website and so all of a sudden I got an awful suspicion I never expressed respect to the web blog owner for those techniques. All of the young men are actually certainly passionate to learn them and already have in reality been tapping into those things. I appreciate you for truly being so helpful and also for considering this kind of decent topics millions of individuals are really desperate to discover. Our sincere regret for not saying thanks to earlier.

  2. Thanks a lot for providing individuals with an exceptionally brilliant opportunity to read critical reviews from here. It is usually very pleasant and jam-packed with amusement for me personally and my office colleagues to visit your website really three times a week to read the newest secrets you will have. And indeed, I am just usually contented concerning the splendid creative concepts you serve. Some 1 points on this page are in reality the most suitable we have ever had.

  3. I in addition to my buddies ended up studying the nice strategies from the blog while instantly I got a horrible suspicion I had not thanked the blog owner for those tips. The young boys are actually absolutely stimulated to see all of them and have seriously been making the most of those things. Appreciation for truly being considerably kind and then for choosing this sort of outstanding information millions of individuals are really wanting to know about. My sincere apologies for not saying thanks to sooner.

  4. Thank you so much for providing individuals with remarkably marvellous opportunity to read from this site. It is often very superb and also jam-packed with a good time for me and my office co-workers to visit your website at the very least three times in a week to study the latest guides you have. And indeed, I am at all times astounded for the breathtaking ideas you serve. Selected 4 tips on this page are particularly the most effective we have all had.

  5. I simply needed to say thanks again. I am not sure the things I would’ve accomplished without the hints provided by you relating to my problem. It was actually the intimidating concern for me, nevertheless being able to view this expert style you managed that made me to jump with contentment. Now i’m grateful for the help and thus wish you are aware of an amazing job you’re accomplishing teaching the others thru your site. I know that you have never encountered any of us.

  6. I enjoy you because of all of your labor on this web page. Ellie really loves getting into investigations and it’s really easy to understand why. My partner and i learn all about the compelling ways you create efficient guidelines on this blog and foster contribution from some others on that matter plus my girl has always been learning a great deal. Enjoy the remaining portion of the new year. You are carrying out a useful job.

  7. I would like to show my appreciation to this writer for bailing me out of this condition. As a result of checking throughout the the net and finding ways which were not productive, I figured my life was done. Existing devoid of the answers to the issues you’ve sorted out by way of the review is a crucial case, as well as those which may have in a wrong way affected my career if I hadn’t discovered your web page. Your own personal competence and kindness in playing with all the things was precious. I am not sure what I would have done if I hadn’t come upon such a point like this. It’s possible to at this time relish my future. Thank you very much for the impressive and result oriented guide. I won’t be reluctant to suggest your blog to anybody who would need guidelines on this matter.

  8. I needed to compose you that very little note so as to thank you yet again for those fantastic guidelines you have documented on this page. It was really generous of you giving easily just what a lot of people would’ve marketed as an e-book to help make some bucks on their own, most importantly considering that you might have tried it in the event you decided. The points likewise worked like the good way to comprehend most people have a similar passion the same as mine to grasp significantly more on the subject of this matter. I’m sure there are numerous more pleasurable moments ahead for folks who see your website.

  9. Hello my loved one! I want to say that this post is awesome, great written and include approximately all important infos. I would like to look extra posts like this .

  10. A lot of thanks for your entire effort on this web page. Debby takes pleasure in doing research and it’s really easy to understand why. A number of us learn all of the lively tactic you render vital tips and hints through this website and in addition increase contribution from website visitors on the concept so our favorite child is certainly learning so much. Have fun with the rest of the new year. You’re carrying out a terrific job.

  11. My spouse and i got absolutely joyful Michael managed to deal with his inquiry from the precious recommendations he came across when using the web pages. It’s not at all simplistic just to possibly be giving freely tactics that the others might have been selling. We really figure out we need the website owner to be grateful to for this. The specific explanations you’ve made, the straightforward site navigation, the relationships your site help promote – it’s got mostly wonderful, and it is letting our son and the family reason why that topic is cool, which is especially serious. Many thanks for the whole thing!

  12. My spouse and i got now happy John could do his preliminary research with the ideas he received from your very own web pages. It is now and again perplexing just to possibly be offering secrets and techniques which people might have been trying to sell. And we all figure out we now have the writer to thank for this. The illustrations you’ve made, the straightforward site menu, the friendships your site assist to engender – it’s mostly impressive, and it’s really letting our son in addition to our family recognize that this situation is excellent, and that’s extremely serious. Many thanks for everything!

  13. I simply wanted to type a small message in order to express gratitude to you for all of the pleasant ideas you are writing here. My time consuming internet search has at the end of the day been recognized with beneficial points to write about with my co-workers. I would say that many of us website visitors are truly lucky to live in a decent website with so many special professionals with useful ideas. I feel somewhat privileged to have seen your webpage and look forward to plenty of more entertaining minutes reading here. Thanks a lot once again for everything.

  14. I’m writing to make you be aware of what a fabulous experience my cousin’s child had going through your blog. She realized such a lot of details, most notably what it is like to have a marvelous coaching heart to get folks without difficulty know precisely certain grueling subject areas. You really did more than her expected results. I appreciate you for showing those practical, trustworthy, edifying and easy tips about this topic to Mary.

  15. I’m writing to make you know of the extraordinary discovery our girl had using your web page. She figured out several issues, with the inclusion of what it’s like to possess a wonderful coaching character to get other individuals easily have an understanding of a variety of grueling subject areas. You undoubtedly did more than visitors’ expected results. I appreciate you for giving these useful, trusted, edifying and in addition easy guidance on this topic to Sandra.

  16. I would like to express some thanks to the writer for bailing me out of this dilemma. Just after browsing throughout the online world and obtaining concepts which are not powerful, I figured my life was over. Existing minus the answers to the difficulties you’ve resolved as a result of the short article is a crucial case, as well as the kind which might have adversely damaged my entire career if I hadn’t come across your web site. Your primary expertise and kindness in handling a lot of stuff was priceless. I am not sure what I would’ve done if I had not discovered such a step like this. It’s possible to at this moment relish my future. Thanks for your time so much for this reliable and results-oriented guide. I will not hesitate to propose your web site to anyone who will need guidance about this matter.

  17. I needed to create you a very little observation to give thanks as before for your personal awesome information you’ve shown on this site. It was really tremendously open-handed of people like you to convey publicly all that a few people would’ve distributed for an electronic book to generate some cash for themselves, mostly considering the fact that you could possibly have tried it in the event you decided. Those smart ideas as well worked as a good way to comprehend the rest have a similar fervor just as my personal own to learn more with regard to this problem. I know there are a lot more pleasurable situations ahead for individuals that find out your site.

  18. I needed to post you a tiny observation to give many thanks the moment again with the nice solutions you’ve discussed in this case. This is really tremendously generous of you to present freely just what some people would have made available for an electronic book to earn some bucks on their own, chiefly considering that you might well have done it in case you desired. These ideas in addition served to become good way to realize that other people have similar dreams similar to my very own to see a good deal more in regard to this condition. Certainly there are some more fun times in the future for those who find out your blog.

  19. Needed to draft you the little observation in order to give many thanks yet again for these gorgeous pointers you’ve shown on this page. It is strangely generous of people like you to make openly what exactly most people would have offered for sale as an ebook in order to make some profit on their own, and in particular given that you might well have tried it if you decided. The tactics likewise served to become fantastic way to be certain that the rest have a similar keenness like my own to find out much more in terms of this issue. I am certain there are several more enjoyable opportunities ahead for individuals who see your site.

  20. I actually wanted to post a note in order to appreciate you for these precious ways you are sharing here. My time-consuming internet research has at the end of the day been recognized with good quality insight to share with my family members. I would suppose that most of us readers actually are extremely lucky to dwell in a great community with very many marvellous people with good tips and hints. I feel truly privileged to have encountered your weblog and look forward to tons of more awesome minutes reading here. Thanks a lot once again for a lot of things.

  21. WONDERFUL Post.thanks for share..extra wait .. ?

  22. I would like to show my appreciation to this writer for bailing me out of this type of crisis. Because of looking throughout the internet and seeing thoughts that were not helpful, I figured my life was well over. Being alive without the presence of answers to the issues you’ve fixed all through your good short post is a serious case, as well as the kind that would have badly damaged my career if I had not come across your blog post. The skills and kindness in handling every item was invaluable. I am not sure what I would’ve done if I had not come across such a point like this. It’s possible to at this moment look ahead to my future. Thanks a lot very much for your expert and results-oriented help. I won’t think twice to suggest the website to anybody who should get care about this subject.

  23. Thank you so much for providing individuals with an exceptionally special opportunity to read articles and blog posts from this web site. It is usually so enjoyable plus stuffed with a lot of fun for me and my office co-workers to search the blog at minimum thrice in one week to read through the newest guides you have got. And of course, I’m so usually impressed with your exceptional guidelines served by you. Certain two facts in this posting are essentially the most suitable we have all ever had.

  24. I wish to voice my respect for your kindness in support of those people who really want guidance on that situation. Your very own commitment to passing the solution all over had become astonishingly productive and has all the time enabled workers just like me to arrive at their objectives. Your own valuable tips and hints signifies this much to me and additionally to my peers. Warm regards; from everyone of us.

  25. I have to point out my passion for your kind-heartedness for those people who require help on the issue. Your personal commitment to passing the message all over turned out to be extremely good and has in most cases encouraged guys like me to realize their aims. Your personal warm and friendly advice signifies a whole lot a person like me and somewhat more to my fellow workers. Warm regards; from all of us.

  26. I would like to express appreciation to the writer for rescuing me from this particular dilemma. As a result of looking through the world-wide-web and seeing tricks which are not beneficial, I thought my entire life was done. Being alive devoid of the answers to the issues you have sorted out all through your main write-up is a critical case, as well as the kind that might have in a wrong way affected my entire career if I hadn’t come across the website. Your main knowledge and kindness in taking care of a lot of stuff was invaluable. I don’t know what I would’ve done if I had not discovered such a stuff like this. I can also at this time relish my future. Thanks for your time so much for your expert and effective guide. I won’t hesitate to propose your web blog to anyone who desires guidance about this issue.

  27. Thanks for all of the efforts on this site. Ellie really likes getting into research and it’s really obvious why. Most of us notice all regarding the dynamic form you create very useful techniques on the web blog and as well attract participation from people about this matter while our own princess is now studying a great deal. Take advantage of the rest of the new year. You are doing a wonderful job.

  28. Thanks so much for giving everyone such a remarkable chance to discover important secrets from here. It’s usually very sweet and jam-packed with a good time for me personally and my office mates to visit your blog minimum 3 times in one week to read the new items you have. Of course, I am just certainly fascinated with all the fantastic things you give. Selected 4 points in this post are essentially the most efficient we’ve ever had.

  29. I needed to compose you a little bit of observation so as to say thanks the moment again about the exceptional solutions you’ve shown in this article. It’s shockingly generous of you to supply extensively precisely what a few people could have offered for sale for an e-book to generate some dough for their own end, precisely now that you could have done it in case you desired. Those inspiring ideas in addition served like the easy way to be aware that many people have a similar passion really like my very own to find out significantly more pertaining to this matter. I know there are numerous more enjoyable sessions in the future for individuals that scan your website.

  30. This really answered my problem, thanks!

  31. Thanks a lot for providing individuals with remarkably terrific chance to read from here. It is usually so good and full of a good time for me personally and my office friends to visit your site at a minimum 3 times a week to study the latest stuff you have. And indeed, I’m so actually contented with the magnificent tactics you serve. Selected 4 points on this page are unquestionably the finest we have all had.

  32. I am just writing to make you be aware of of the wonderful experience my friend’s girl developed reading through your webblog. She discovered some things, which included how it is like to have an excellent giving mood to have other folks easily completely grasp certain grueling matters. You undoubtedly exceeded her desires. Thank you for presenting those effective, trusted, informative and fun guidance on this topic to Tanya.

  33. A lot of thanks for all of your labor on this website. Kim enjoys carrying out investigation and it is easy to see why. My partner and i know all of the powerful method you render valuable things through this blog and even welcome contribution from people on this area while our simple princess is truly understanding a whole lot. Take advantage of the rest of the new year. You’re conducting a really good job.

  34. I intended to send you that very little word to help say thank you as before over the amazing tactics you’ve provided in this case. It is really shockingly open-handed with people like you to offer freely what a lot of people could have sold for an e book to generate some dough for their own end, particularly considering that you could have done it in case you desired. The solutions additionally acted as a fantastic way to fully grasp that most people have similar passion just as my own to know the truth a whole lot more with regards to this problem. I believe there are many more fun moments in the future for those who see your website.

  35. I precisely desired to thank you so much again. I am not sure what I would’ve created without those hints discussed by you about such topic. This has been a real scary problem in my view, however , understanding the skilled tactic you handled that took me to leap with happiness. I’m just grateful for your help and then trust you know what a great job you’re accomplishing teaching the rest with the aid of a site. I am sure you haven’t got to know all of us.

  36. Needed to create you that bit of word to be able to say thanks the moment again for all the pretty methods you have shared on this website. It’s quite particularly open-handed of people like you to allow extensively what a few people could possibly have marketed for an ebook in order to make some bucks for themselves, notably considering the fact that you could possibly have tried it if you ever wanted. The inspiring ideas likewise served to be the easy way to comprehend other individuals have a similar interest much like my very own to realize a whole lot more in respect of this matter. I know there are many more pleasurable instances up front for individuals who look into your website.

  37. I wanted to write down a brief comment to thank you for all of the lovely tips you are writing on this website. My incredibly long internet search has at the end of the day been rewarded with reputable tips to talk about with my classmates and friends. I ‘d suppose that many of us site visitors actually are very much blessed to live in a fantastic place with many outstanding people with beneficial tips. I feel pretty happy to have encountered your web site and look forward to some more pleasurable minutes reading here. Thanks a lot again for everything.

  38. WONDERFUL Post.thanks for share..more wait .. ?

  39. Thank you a lot for providing individuals with such a marvellous chance to read critical reviews from this web site. It really is so enjoyable plus jam-packed with a lot of fun for me personally and my office friends to visit your site the equivalent of three times in one week to read through the newest things you have got. Of course, I am just usually amazed concerning the brilliant inspiring ideas you serve. Certain 2 facts in this article are essentially the most effective I have ever had.

  40. I simply wished to thank you very much yet again. I am not sure the things I could possibly have tried in the absence of the entire methods documented by you relating to such theme. It had become a traumatic circumstance in my circumstances, however , seeing the very well-written tactic you processed that made me to cry for happiness. Now i’m grateful for your guidance and even pray you comprehend what an amazing job you are always providing training most people with the aid of a site. I know that you haven’t come across any of us.

  41. I simply wanted to thank you very much once again. I’m not certain what I would have made to happen in the absence of those creative ideas provided by you relating to such industry. Entirely was a real frustrating issue in my opinion, however , encountering the professional approach you managed it forced me to weep with contentment. Extremely happy for this guidance and in addition trust you are aware of a great job that you are carrying out teaching other individuals with the aid of a web site. Probably you haven’t come across all of us.

  42. Thanks for every one of your efforts on this website. My mum loves doing investigation and it’s really easy to understand why. Most people hear all relating to the compelling form you provide informative tips on your website and therefore cause contribution from the others on the topic then our favorite simple princess is really studying so much. Take pleasure in the rest of the new year. You are always conducting a brilliant job.

  43. Youre so cool! I dont suppose Ive learn anything like this before. So nice to seek out any person with some authentic ideas on this subject. realy thank you for starting this up. this web site is one thing that is needed on the web, somebody with somewhat originality. useful job for bringing something new to the web!

  44. I simply desired to thank you very much all over again. I am not sure the things I might have used without those creative concepts discussed by you on this field. It previously was the depressing scenario in my opinion, however , observing a new well-written manner you resolved that forced me to leap over joy. Extremely grateful for this support and even trust you recognize what a powerful job you are accomplishing teaching others all through your webpage. Probably you have never got to know any of us.

  45. I enjoy you because of all of the hard work on this site. My aunt loves going through research and it’s really easy to understand why. Most people hear all regarding the dynamic means you create helpful items by means of your web site and cause response from other ones about this concept and our favorite princess has always been studying a whole lot. Enjoy the remaining portion of the year. You’re conducting a terrific job.

  46. My wife and i were quite satisfied Louis managed to conclude his survey through your ideas he grabbed from your own weblog. It’s not at all simplistic just to continually be giving away key points which other folks have been making money from. We take into account we now have the blog owner to thank because of that. The illustrations you have made, the easy blog navigation, the relationships you aid to foster – it’s many overwhelming, and it’s really helping our son in addition to the family recognize that this matter is pleasurable, and that’s tremendously pressing. Thanks for all the pieces!

  47. I wish to express my appreciation to the writer just for rescuing me from this type of predicament. Because of researching through the internet and getting tricks that were not productive, I was thinking my entire life was done. Existing without the answers to the issues you have fixed by way of your write-up is a critical case, as well as ones which may have in a negative way affected my entire career if I hadn’t noticed your web blog. Your actual expertise and kindness in touching everything was precious. I am not sure what I would have done if I hadn’t encountered such a thing like this. I can also now look ahead to my future. Thanks a lot very much for your skilled and result oriented guide. I won’t think twice to endorse your web page to any person who requires direction on this topic.

  48. google buy hacklink animal porn anal porn sex

  49. I wanted to post you a very little word to help give thanks over again relating to the beautiful ideas you’ve discussed in this article. This has been incredibly open-handed with you in giving openly what exactly many people could possibly have made available as an electronic book to generate some dough on their own, particularly considering that you might well have tried it if you ever decided. These pointers in addition acted to become fantastic way to comprehend most people have similar eagerness much like my own to grasp a whole lot more pertaining to this problem. I’m certain there are a lot more pleasant instances ahead for individuals that read your site.

  50. hacklink buy anal porn sex animal porn child

  51. anal sikiş porno izle canlı sikiş animal porn hacklink

  52. anal sikiş porno izle canlı sikiş animal porn hacklink

  53. anal porn google buy hacklink child porn animal porn.

  54. I wish to voice my respect for your generosity for folks that need guidance on in this matter. Your special commitment to passing the solution all over appears to be exceptionally beneficial and have continuously empowered associates just like me to reach their objectives. Your new valuable useful information entails a great deal to me and extremely more to my mates. Thank you; from everyone of us.

  55. instagram takipçi arttırmak ve hesabınızı yükseltmek artık çok kolay.

  56. animal porn child porn hacklink buy google hacklink anal porn.

  57. My spouse and i ended up being so thankful when Emmanuel could finish up his analysis through your ideas he gained through your site. It is now and again perplexing to simply possibly be giving for free hints that many some others have been selling. And now we see we have got the writer to be grateful to for this. All the illustrations you have made, the straightforward blog navigation, the friendships you will aid to foster – it’s many great, and it is aiding our son in addition to us reason why the issue is amusing, and that is tremendously essential. Many thanks for the whole lot!

  58. buy hacklink animal porn child porn

  59. I’m commenting to make you know of the extraordinary encounter my wife’s child undergone reading the blog. She figured out numerous issues, including what it is like to have a marvelous teaching heart to make folks with ease master a variety of advanced matters. You truly exceeded our desires. Thanks for presenting the informative, trustworthy, explanatory and as well as easy tips on your topic to Emily.

  60. I am only writing to make you know of the impressive experience my wife’s child undergone checking yuor web blog. She mastered lots of details, most notably what it’s like to possess a marvelous giving mindset to make many people just have an understanding of various very confusing subject areas. You undoubtedly surpassed people’s expectations. I appreciate you for supplying these powerful, trusted, revealing and cool tips about that topic to Kate.

  61. buy hacklink animal porn child porn.

  62. I together with my friends were found to be reading through the excellent secrets found on the blog and so at once got an awful feeling I had not expressed respect to the website owner for those techniques. Those women ended up for this reason glad to study them and now have sincerely been taking advantage of these things. Thanks for simply being well helpful and then for obtaining this form of fabulous issues most people are really wanting to learn about. Our sincere apologies for not expressing appreciation to you earlier.

  63. canlı sikis, hacklink google buy, animal porn.

  64. anal porn, canlı sikiş, google hacklinkanimal porncanlı porno

  65. anal porno izlemek için en ideal adres, hd kalite ile izleyebilirsiniz.

  66. child porn watch idigic hacklink buy google.