2020 great economic challenges
The year 2020 will be characterized by the rise of ICOs, but the most important thing will be the Halving of Bitcoin on the Bitcoin blockchain, the price of Bitcoin or the spectacular increase in the market cap of this technological space, which has exceeded millions of dollars. And what will happen the rest of 2020?
The Exchanges play a very important role
Exchanges are an important part of this great ecosystem. In fact, they are already considered successful use models that have been generated thanks to Blockchain technology. To the most veteran and settled, they will continue to join new alternatives that in many cases start from scratch. This proliferation and the need and knowledge necessary to guarantee the security of the platform place many of these exchanges in the crosshairs of hackers.
It is already well known that several Exchange have succumbed to these sophisticated attacks. And here is an important reminder, if a user does not have their private keys, then they are not in control of their cryptocurrencies and may end up losing them.
The influence of the Exchanges will continue these platforms capable of exchanging crypto for others and in some cases for Fiat, this 2020 will be an interesting year for exchanges.
The decentralized behavior for the Exchange will be those who set the tone for this present of cryptocurrencies, however, regulators increasingly try to meddle in what is the first truly global market and accessible to everyone.
This year 2020
It will be of many benefits for all, the global market will continue to grow and like exchanges without borders.
It is no secret to anyone that the main crypto is BTC and in many cases the price (I clarify not all) depends on the rise or fall of other crypto. So for this next Halving of Bitcoin Blocks it will make a difference between before and after the reduction of the issuance rate of new units of Bitcoin.
There is little left for that application and we should only be aware of the behavior of the market as this approaches.
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@tipu curate
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Upvoted 👌 (Mana: 5/10 - need recharge?)
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Gracias por el reconocimiento amigo.. @byercatire
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Exchange platforms are really a very essential medium in the crypto which allows the conversion or exchange of cryptos into other forms either for earning more profit or for easy conversion into cash.
We all have the hope same thing will happen this year though but I'm a bit scared about the current situation in the global economy and the crypto market itself due to the effect of Corona and some other issues.
Do you still think this would happen?
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Hi @hardaeborla
Yes. Money will never have any wall to stop it, there will always be exchanges in some way. even if money changes form, man will seek that form and use it for his own benefit.
The news that reaches my country is that the Chinese virus was created to cause falls in the economy and then the Chinese government take advantage of these losses to seize the shares, in this way always the constant flow of money will be necessary for everyone even in the worst economic moments.
and what better than the exchange.
Saludos.
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Thanks for your lovely reply ❤️💕
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Hello my dear @lanzjoseg.
It seems imminent that reducing BTC's rewards by half will influence the prices of BTC and other cryptocurrencies.
We are all waiting to see what happens after this.
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