What is cryptocurrency?

in cryptocurrency •  7 years ago 

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What is cryptocurrency?

Cryptocurrency is an expression that is becoming more and more popular. Cryptocurrency is a virtual currency (not an official currency) that is not dependent on banks and other financial institutions. Recently, the crypto has become more and more popular, largely due to bitcoin, which has risen explosively and thus obviously increases its consciousness. By 2017, several Cryptocurrency’s have increased by more than 1000%, which is more than any shares or anything else. Therefore, it has also become a popular thing to invest in. Cryptocurrency is still a relatively new phenomenon, but a phenomenon that we will see and hear much more in the future. Should you compare it to something, then it should be the start of the internet. When the Internet came up, there was not really anyone who knew what the future opportunities were and that's how it was done with Cryptocurrency’s. One thing that is certain, however, is that we will hear much more about this in the future, and if you want to participate in the wave, just look at what cryptocurrency is. Although both bitcoin, Ethereum, ripple, Monero, Litecoin and other cryptocurrency’s have already risen a lot, there are still many options in the future, as there is still a small percentage of the people who have got it. The more people get into the wave, the more money comes on the crypto market, and therefore these Cryptocurrency’s will also rise in prices in the future. read more here

Cryptocurrency: Bitcoin and altcoin

Bitcoin was the first crypto terminal that originated, and already in 2009, the adventure started. Subsequent, there are a lot of cryptocurrency’s called altcoin. As with everything, the first one cannot always be the best, and there are also more weaknesses in the bitcoin, which the subsequent altcoin tries to beat. So, it is far from certain that bitcoin will also be the leading crypto message in the future. One of the things that cryptocurrency can be used to is sending money with low fees and doing it quickly. Already now there is Altcoin, who beat bitcoin both with cheaper or no fees and also the transfer rate there is Altcoin, which turns bitcoin. Bitcoin, however, has significant leadership in the market as it was the first cryptocurrency. There are also bitcoin people today who enter the cryptocurrency, but there are many others and who knows if one of these takes over the throne of the Bitcoin in the future.

Invest in Cryptocurrency / Buy Cryptocurrency

There are more and more investments in crypto currencies around the world and it is a fast-paced market. But you should be aware that there is a market where prices can fluctuate incredibly. One day there may be 100% increases and the next day minus 30-50%. These numbers are far from unlikely and therefore it is also important to look at the market before they buy. If you have chosen one or more encryption currencies you want to buy, make yourself the favorite to see the market before you buy. If you buy at the top and then fall 20-30%, you will lose a lot if you sell again. Therefore, look at the courses and try to beat a time when there is a dive in the course. But there's also a difference if you invest in a Cryptocurrency with a quick win in mind or if you think about the long term. In the long term, we can expect to expect increases as it is still a new market, and therefore there will also be more money on the market and thus price increases. Keep in mind, however, that it's not an investment that makes you rich overnight. Yes, there can be quick and big winnings, but you should also be lucky to beat them. Therefore, it is worth paying a little to read the different Cryptocurrency before buying.
Remember you cannot but at the lowest price and sell at the highest but you can still make some profit on the way up.
JOMO. The Joy of Missing Out.
Its better not to be in the market when its going good then be in the market when its not going well
Take your profit and not being greedy

/PipByPip

Trade Wisely And Good Luck

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