HOW TO EXPLAIN CRYPTOCURRENCY TO FRIENDS - BTC IS SEEN AS THE BEST PREFORMING ASSET PERIOD WITH BILLIONS TO POUR IN STILL!
A cryptocurrency is a digital or virtual currency that uses cryptography for security.
A cryptocurrency is difficult to counterfeit because of this security feature.
A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature:
It is not issued by any central authority.
Theoretically it is immune to organizational and government interference or manipulation.
It has the potential to bank the unbanked (globally this is estimated to be up to 6 billion people).
It can be used to decentralize many organizations while providing a secure public ledger.
Furthermore decentralization is the diffusion of power away from central authorities back to constituent units.
It moves beyond functional programming models and is developing imperative functions.
For some it is revolutionary because it puts the control of their financial assets, digital identity into their hands without depending on a "middle man" or requiring payment to a third party.
It is stakeholders instead of shareholders so it replaces traditional institutions like banks, and other financial markets.
Some projects provide privacy which assures that one cannot be tracked by spending habits nor location (done by banks and other retailers).
LIMITED supply assures solid value.
With VOLUME there are GAINS: 10-60% within a few days.
New investors can structure their entry, size and enter the market with a few dollars.