jjmorin02

Mainly because it is a business it is a certain way and as all business fluctuates, in addition to the fact that its value is the number of people who trade with what it can make it fluctuate and the fact that there are a reduced number of these available.

one of the reasons is its popularity all over the world, especially due to the fact that it was the first and that gave him a lot of time to consider its value in fact if you ask a person who has little knowledge about cryptocurrencies it is very sure that only They know bitcoin, because of its popularity and age, many people see it with greater confidence in a highly fluctuating market and that increases its value.

It is a very positive thing, whether you have your money invested in it, because the higher the price of bitcoin, the greater its popularity and greater confidence in it and for the cryptocurrency market to grow and become more reliable.

It is not something difficult to believe since the virus has affected all the economies of the world, many people are alarmed by this that is why many see bitcoin as a more reliable way to invest money or because of the large number of people who still They lose jobs, many are looking for an alternative means of income and see cryptocurrencies and bitcoin as a good event, not the best for me, but as a good one.

It all comes down to the fact that it was the first bitcoin laid the foundations for the others, being the first it was the one that had the longest time to reach the position in which it is currently, that is why many people not only see it as the only as the most reliable.

Cryptocurrency is my second source of income beyond the fact that it is in cost of growth, it is not a good idea to have it as a main source of income and even more to have it as a source of long-term income since it is a very volatile and fluctuating market.

I think that the main reason, although cryptocurrencies are very versatile and some of great value, in the end all have the same problems, they do not offer any guarantee in the end, none is backed by any financial entity, in the end their value falls on the value that the vast majority recognize of people which has always been one of the principles of money throughout history.

My biggest fear is that the bubble will explode, since as cryptocurrencies are not backed by any financial entity but by the collective growth of their value, it is possible that if in the future they see various problems or if countries take negative measures with respect to the Credit currencies can affect their value, the greatest example of their danger if care is not taken is their cost and drastic fluctuations.

Simple because when a person starts using bitcoin, they become their own bank and no longer depend on this type of financial institution to access their money, and this causes banks to start generating less money, which can affect the economy of a country. Since also through the use of bitcoin no taxes are paid. in addition to the fact that countries would not have any control over the use of bitcoin.

The bitcoin is an initiative to eliminate the government in the best of our money since through the use of these, the state does not obtain the profits that they normally get from the payment of these taxes, the greater the person who begins to use the bitcoin As a means of payment and purchases, the government's income from taxes will be lower, which can cause serious problems in its economy.

As technology advances and there are more and more applications that offer the service of investment, sale and purchase of cryptocurrencies, more people start to use them as a means of trade, it is because of this that the greater their use, the greater will be its value and reliability in the future, of course all this without forgetting the dangers of these which is that it is not supported or recognized by any country or financial entity

It is true that cryptocurrencies are becoming more and more important in all economies but it must be remembered that these are not regulated or recognized by any country or financial entity, cryptocurrencies are more of an investment that more and more people use, but depending on the measures that take certain countries it is possible that in the future they will take on greater importance in the economy of each country.

It is different to say since with the pandemic there are many economies that are affected but taking into account that cryptocurrencies are not subject to or are handled by any country, it is very possible that they are not greatly affected by the pandemic since they form part of a more global economy.

Cryptocurrencies grow more and more day by day, the greater the globalization and the more important technology becomes in our lives, the greater the number of people who decide to use it, if this happens, the greater it will be sufortalesa in the global economy beyond that you are not count on no one entity or country to back your value.

My main objective is to learn as much as possible about the different aspects of cryptocurrencies to know as much as possible about their operations since as the type passes, the various cryptocurrencies led by bitcoin gain more strength at the international level.