Cryptocurrency: Digital Currency for All?

[Robin Babu 5]

Thanks for sharing your important comments with us. I also think that digital currency is for everyone. It can be used by everyone and used for all purposes.

[Win 1015]

Crypto currency is a digital money for all just like fiat money any single person are able to use it.It is basically the  money circulating in blockchain.just like fiat crypto currency has also a high risk

[duncun007 3577]

i think digital currencies are not for everyone because a lot of people end up losing their money in this and they join it just for the money and dont have any knowledge about how its done.

[Damakwano 0]

 further important feature of crypto is that it typically runs on a blockchain crowd that brushes up your insulation any third party's stores and decentralizes payment systems. close was a mistake. new than 2,000 cryptocurrencies are functional today. Bitcoin, Ethereum, XRP and Litecoin are the the major portion common.
 

[Juanaespinoza 139]

not the passing of time I think so, today it is not like that. The vast majority of ordinary people have not even heard the word cryptography and do not know what it is much less to operate with them.

[lifelline1262 15]

This is the best coin we have in this world and it will be of benefit for us to have a good way to benefit from it

[Vivek1997 437]

Thank you brother for posting this useful post about cryptocurrency. Many newcomers should read this post once so that they will get little bit idea about crypto concept. Although size of this post is bigger a makes uninteresting but will knowledge to gain from it is also high. Thank you.

[George10 9932]

Cryptocurrency is digital and its for all who have some interest in it and it has come to help us with the way we make payments around the glob and how I wish all countries can start accepting crypto.

[Sapdrx 469]

On 1/9/2020 at 10:40 AM, tolga1500 said:

The way of the future is coming into play faster than we all expected it to, and it’s in the form of digital money. Is everyone ready to see what the cryptocurrency world has to offer?

 

What is a cryptocurrency?
 

Cryptocurrency is the newest form of digital money, created to transfer money on an advanced encryption platform with techniques established through cryptography. According to researchers, the digital currencies were not supposed to come to life for some time; in fact, they were supposed to stay in academic reports for years to come – that is, until 2009, when the creation of Bitcoin came to reality.

 

It took years for the major cryptocurrency to really gain popularity, though. It wasn’t until April 2013 that the media started to wonder about the future of cryptocurrencies entirely. 

 

What do predictions say about the future of cryptocurrency?
 

Some say the digital currency will grow by the year, creating a sort of way to transfer money and follow through with transactions for people all over the globe. Others say it will fizzle out and become nothing at all.

 

Whatever the case may be, the future of cryptocurrency will mark a significant change in the digital and technological world – especially concerning money.

 

If crypto does take off in an increasingly great pattern, what will that mean for the world?
 

There’s a slight chance that crypto will become so popular that the blockchain will be firmly rooted in technological advancements, so much so that it will eventually become a trusting platform. If this does happen, people may start to use cryptocurrencies as an alternative to the regular, conventional currencies that we currently use, like the American dollar and the euro. 

 

Say cryptocurrencies do become conventional currencies … what then?
 

As most people know, cryptocurrency is on the rise – but it hasn’t entirely risen yet. 

 

We still have to be aware of the downfalls of this system. We still have to understand that trial and error stages need to be completed for us to trust the platform entirely. The network cannot have all of our information in an instant just because people say it’s trustworthy.

With that being said, you should e aware of every investment you make into the crypto world.

Yes, it may become a digital currency for all, but at what cost? Tread carefully.

 

Why should you tread carefully?
 

The answer to that question is simple enough: Understand that you run the risk of losing your investment at any time, especially considering government officials do not monitor the network.

That’s right; no one particular governing agency is keeping track of the transactions flooding the blockchain. Which ultimately means that hacking can potentially happen, a crash can occur at any time, and crimes will likely be committed while the platform is up and running. 

 

Last but not least, the value of each cryptocurrency can skyrocket at any point, but it can also plunge downwards at any point. This is extremely risky, especially for you, as the investor.

I think crypto can only be for all if everyone on the planet has access to internet services and people are literate.  So far millions of people cannot use crypto due to this. 

[FazzyAli 2]

Cryptocuurency is the digital currency  and there are many coins like bitcoins,  Etherum,  litecoins  are in cryptocuurency and it's use digitaly all over the world for shopping,  investments and trading purposes. 

[Prince90 668]

The best thing about crypto currency is its decentralized nature , which is why crypto currency gained this kind of success. It gives the independence to the owners from government controlled fiat. But sad part is that still majority of people are unaware of this system.

[jacker 1095]

I know Cryptocurrency is a form of digital money, I understand that the most simple way is that a series of coins in the "virtual" world and can convert it into fiat.

[CryptoMaxim 3829]

On 20.02.2020 at 17:40, Hafijul Islam said:

Crypto-currency is a digital commodity. It is generated by an electronic process that can be moved from one person to another around the world without any transaction charges.

I see that such payments are becoming more and more popular. It will be very interesting to see the role of cryptocurrency in 5 years