Cryptocurrency: The Rise of Digital Money. Cryptocurrency is the modern day equivalent of making a deposit of money in some or the other insurance chain. There are no mediators.
Cryptocurrency involves purchasing various forms of cryptocurrencies with the currency that is used in a day to day life, storing that virtual cash in the given wallet. One can either use this virtual cash in exchange for goods and services or decide to sell the cash to a buyer on the platform as per one’s view of profits.
It is totally independent as in, there is no governing body. It’s decentralized way of operating means that the power of choice rests with the individual. The platform is made secure thanks to the functionalities of cryptography and the block chain technology.
Cryptocurrencies are on the rise in terms of digital cash and for the transmission of money it transcends. It sure has its highs and lows just like every other business and venture, but the thing that separates it from a lot of the capitalist ventures is that it provides great security and transparency to the end user.
One can purchase, store, exchange, transfer or sell cryptocurrencies. All of it with no cloud of authority hanging over the head and directing what the end user should and should not do.
Cryptocurrencies provide a sense of freedom which is rarely found in these days when the subject matter involves money. With great security comes great stability. Not just security and independence, the virtual cash has come on leaps and bounds in the last few years and there is no evidence to say that the trend won’t continue.
With all these great features, cryptocurrencies are expected to grow even more with the ever evolving technology. The digital cash is fast becoming a force to be reckoned with. It has already been spread to most countries across the globe and many vendors and organizations are accepting cryptocurrencies as a means for the exchange of goods and services.
Andrea is a single mother, trying her best to put food on the table for her two kids. It wasn’t really working out for Andrea. To make things worse, she was growing restless. However, all her efforts were failing.
But one fine day, Andrea came across an article about cryptocurrencies. So, she began to research more and more. She really liked the idea of cryptocurrency and online trading.
She decided to invest $2000 to purchase 4 bitcoins. So, bitcoin is the most popular form of cryptocurrency. Couple of months later, when the market value was high, she sold the bitcoins. Besides, she made a profit of $2500 on top of the investment. Moreover, she keeps saving money to invest again. So, Andrea continues to profit to this day. With smart investment and the ability to judge a market, profits for you aren’t too far away.