# Greetings and a warm welcome my friends!
All that starts, also ends. This is the bitter truth and it also saves us. 

![](https://images.ecency.com/DQmQ5bAwogW6oXRucNHi2kECNK145zRggMLX4AUrLqoZz3x/image.png)
(image source: pixabay.com)

<div class="text-justify">Once Bitcoin had no value and once it got momentum, it rose to the unimaginable heights. In 2021 it crossed its all time price and crossed $60k price mark. This was the repetition of the crypto boom of 2017-18. If that event was the start of the crypto boom, 2021 was the culmination of that boom and it resulted in profit reaping by the big players who dumped cryptos later in the market. During both the booming cycle, crypto prices outpaced their all time high prices. But, after this crypto market started crashing. Now, Bitcoin is trading around $16.5k and it seems that it will never go up again. 

Why am I saying so? I am not pessimist but, the way traditional market and political scenario of most of the countries manifesting, it seems that future may not be as bright as we had expected. 

First of all governments don't like their competitors. Government prints and issues money. It takes responsibility for the value of the currency and guarantees that money issued by it won't lose its credibility in future. Government ensures that no other person will print his money and compete against the government issued money. On the other hand cryptos has no such guarantee. Anyone can issue his/her own cryptos and there is no control over its circulation and number. So, cryptos lack stability and their prices are highly volatile. They are decentralised which is a good thing in one hand as it can give a great freedom to the subjects of every nation. On the other hand it also destroys cryptos as too many cryptos are threat against the cryptos as too many make users doubtful and are vulnerable of fraud and corruption. 

Governments all over the world have put some kinds of restriction on cryptos. In some countries they are allowed while many had restricted them. So, it also make life difficult. In India Government's central bank imposed ban on trading of cryptos in 2018. Now, government have put heavy taxes on trading on cryptos which is making life very difficult for crypto owners and users. One day government may put blanket ban of all types of cryptos and thus the investment people have will be doomed for once and all.

Cryptos are also subject to fraud and susceptible to manipulations and accidental loss. Recent crypto fraud committed by one of the top exchange  FTX has revealed how vulnerable are the crypto assets and how one can steal everything from the investors. One can forgot password and addresses and thus may lose one's money forever. 

Apart from the vulnerabilities of crypto world, there are many other issues. Trading fee is very high. Small portions of a crypto become dust. It takes too much energy to register a crypto transaction and crypto market and its trading is fully dependent on availability of electricity and internet connection. So, there is no security like physical money in it which is the merit of the fiats. 

So, it seems to me that crypto market can never be a competitor of the traditional money known as fiats. There are too many hurdles in the way of cryptos and cryptos are just fine for fun and little transactions. But, they cannot replace fiats.</div> 

**Thank you for reading.**