INVEST IN CRYPTOCURRENCY

in #cryptocurrency8 years ago

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cryptocurrency is a digital asset planned to work as a method of exchange that uses cryptography to establish its transactions,
all the exchange are done in the internet. it does not
involve the banking system or government.each cryptocurrency is controlled through a blockchain

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 Hopefully, as you read these articles they spark a fire in you to think about what is discussed in a new way. It doesn’t matter if you agree or disagree, but that you have thought about what is covered yourself and made your own judgement. Maybe you will think of an application for cryptocurrency much better than what I have presented

cryptocurrency is making the world a small place ,it helps in money circulation with ease.
banks are not needed since it is decentralized.

    The true value of a cryptocurrency will be determined by the number of people which use it and how much it is utilized. The more people on a cryptocurrency network the more demand there will be for it. Why? Because as the number of users increases so does the number of transactions within the network. Every time there is a transaction the cryptocurrency is out of circulation temporarily decreasing the available supply and making everything in circulation more valuable. If you have 100,000 people on the network using it daily then there will be 100,000 times during the day that the cryptocurrency is sold, purchased, and transferred that it is not available and out of circulation for maybe 2-3 minutes. 

WHAT MAKES CRYPTOCURRENCY UNIQUE

1)User animosity : cryptocurrency purchases are discrete.personal identity are not revealed in transaction.anonymous Bitcoin address that is generated for user purchases changes with each transaction.

2)no third party interference : one of the publicised benefit is Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on crypto accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.

3)no taxes purchases :Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoinser animosity : Bitcoin purchases are discrete.personal identity are not revealed in transaction.anonymous Bitcoin address that is generated for user purchases changes with each transaction.

2)no third party interference : one of the publicised benefit is Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.

3)no taxes purchases :Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoinser animosity : Bitcoin purchases are discrete.personal identity are not revealed in transaction.anonymous Bitcoin address that is generated for user purchases changes with each transaction.

2)no third party interference : one of the publicised benefit is crypto is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on cryptocurrency accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.

3)no taxes purchases :Since there is no way for third parties to identify, track or intercept transactions that are denominated in cryptocurrency ,one of the major advantages of cryptocurrency is that sales taxes are not added onto any purchases.

4)low fee in transaction :cost of transaction is very cheap since it does not involve any institution.

5)mobile payment:user can initiate transfer if they is access to internet.s, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases.

4)low fee in transaction :cost of transaction is very cheap since it does not involve any institution.

5)mobile payment:user can initiate transfer if they is access to internet.s, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases.

4)low fee in transaction :cost of transaction is very cheap since it does not involve any institution.

5)mobile payment:user can initiate transfer if they is access to internet.

in SUMMARY 

When looking at a cryptocurrency you need to look at it from the perspective of the problem it is solving and the token network effects. Look through the lens that examines utility of the product and how well have they aligned the interests of all parties? As you do this you will begin to discover a new type of cryptocurrencies that are nothing like Bitcoin. What are some examples of utility based tokens that you can apply the concepts of this article to?

IPFS & Filecoin (Inter Planetary File System, this could replace the internet), IOTA, TRON, STEEM, Populous, SiaCoin, and BasicAttentionToken.

What can you find on your own?

Go on www.coinmarketcap.com, click on a coin, then look at a cryptocurrencies website. Go to their ANN (Announcement page on Bitcointalk.org), understand what the coin is about and make your own decision on the future of the cryptocurrency.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin10782.700$3.49%-6.48%
MIOTAIOTA2.014$7.02%4.82%
PPTPopulous21.738$-1.01%-13.59%
STEEMSteem3.522$-1.82%-15.92%
TRXTRON0.043$2.68%-9.02%

Coin Marketplace

STEEM 0.04
TRX 0.33
JST 0.102
BTC 64092.15
ETH 1863.95
USDT 1.00
SBD 0.36