What is cryptocurrency?
Cryptocurrency is an online payment method that can be exchanged online for goods and services. Many companies have issued their own funds, often referred to as tokens, and these may be sold exclusively for a profit or service offered by the company. Think of them as you can play tokens or chip chips. You will need to exchange real money with digital currency to access the best or service.
Cryptocurrencies operate using a technology called blockchain. Blockchain is a technology that is distributed across distributed areas on many computers that handle and record transactions. Part of the appeal of this technology is its safety.
How many cryptocurrency sets are there? Why are they important?
More than 10,000 cryptocurrency sets are sold publicly, according to CoinMarketCap.com, a market research website. And cryptocurrencies continue to proliferate, raising money through initial cash offers, or ICOs. The total value of all cryptocurrency sets on May 27, 2021, was more than $ 1.7 trillion - down from April at $ 2.2 trillion, according to CoinMarketCap. The total value of all bitcoins, the most popular digital currency, was estimated at about $ 735 billion - down from April at $ 1.2 trillion.
Cryptocurrency
Market capitalization
Bitcoin
$ 735.3 billion
Ethereum
$ 324.2 billion
Tether
$ 61 billion
Binance coins
$ 57.5 billion
Cardano
$ 54.6 billion
XRP
$ 46.5 billion
Dogecoin
$ 44 billion
Spots
$ 22.1 billion
USD Coin
$ 21.9 billion
Internet Computer
$ 16.7 billion
Why are cryptocurrencies so popular?
Cryptocurrencies attract their supporters for a variety of reasons. Here are some of the most popular:
Proponents of cryptocurrencies see cryptocurrencies like Bitcoin as the currency of the future and rush to buy them now, perhaps before they become more valuable
Some proponents prefer the fact that cryptocurrency removes major banks from managing the supply of funds, because over time these banks tend to lower their interest rates on inflation
Some proponents prefer a technology based on cryptocurrency sets, blockchain, because it is a widely used recording and recording system and can be much more secure than traditional payment systems.
Some speculators prefer cryptocurrency sets because they go up in value and have no interest in long-term cash flow as a way to transfer money.
Are cryptocurrency sets a good investment?
Cryptocurrencies can go up in price, but many investors see them as just speculation, not a real investment. The reason? Like real money, cryptocurrencies do not make money flow, so in order to win, someone has to pay that amount more than you did.
This is the so-called "great fool" of the investment idea. Compare that with a well-run business, which increases its value over time by increasing profits and cash flow.
"For those who see cryptocurrencies like bitcoin as a future currency, it should be noted that money needs to be stabilized."