If i can use USD to buy bitcoin and sell bitcoin for USD. Who can stop Bitcoin from being traded as a commodity? Unless President of the United States decide to ban Bitcoin. Then the person who own the most bitcoin become the dumbest person on the planet. Bitcoin would become the greatest scam in history by the United states of America. President of United States would become the Greatest Con artist in the world!
However, with so many broker offering to sell bitcoin. My main fear would be to buy a phony coin from a phony broker and get scammed. If i'm not wrong, there seems to be quite a number of variant cryptocurrencies out there. I'm seriously confuse! I'm always asking myself, is it real or fake??
Some people are naturally drawn to the thrill of owning an elusive currency. Some people who are more traditional or forever sceptical will never recognize bitcoin, until bitcoin becomes like gold and is accepted by every government in the world.
Personally, i don't see the need of owning Bitcoin for myself. There is always a local currency available and a local bank for me to exchange it for another major currencies.
I believe cryptocurrencies is more of a way for the ultra rich people to hide their money.Then again, on hindsight, cryptocurrencies may also possibly become the world's only hope of a commodity that never exhaust itself. For example, When a local currency appreciate too much the government just need to buy bitcoin, and when the local currency depreciate too much just dump bitcoin. Seem too good to be true huh?
Could the advent of cryptocurrency be the end of currency war as we all know?