In the field of Finance in 2017, it seems, will go down in history as the year of the cryptocurrency.

in #bitcoin7 years ago

Mining investment in digital currencies giving a great profit. However, you cannot disregard the high risks.

In June, the value of bitcoin jumped up to $3 million, the rate of Ethereum soared to $400. Then these cryptocurrencies have passed a little but the dynamics still looks impressive. The total market capitalization of the digital currency in excess of $113 billion, the share of bitcoin – 38%, Ethereum – 32%.

This year bitcoin has risen 270%, but most powerfully have shown themselves Ethereum, showing the increase of 4750%. Against this background, much livelier manufacturers of equipment for mining, their stock went up several times.

All this has led to increased competition in the market: in recent years, has created more than 800 cryptocurrency. This diversity is dictated not by the need for a wide variety of payment instruments. The developers just want to make money I hope that their coin will grow as bitcoin or Ethereum. Bitcoin seems to have become an integral part of the Finance world, to shut it down is unlikely to succeed. You can draw an analogy with torrents: despite the attempts of copyright owners, the sites work successfully.

Trade in developed countries actively adapts to the owners of bitcoins in the shops there are corresponding terminals and ATMs. Around the world tens of thousands of companies accept payment by bitcoin, and their number is growing rapidly. To open an account in bitcoin is easy and simple, and it is estimated in developing countries. In Asia and Africa many see kryptolite a good alternative to expensive banking.

Sharp jump of demand for bitcoin happened in April after its legalization in Japan. Many Japanese then invested in the cryptocurrency. The growth in the volume of transactions on bitcoin exchanges using the yen exceeded 45%. To work with cryptocurrency is increasingly becoming involved, investors and currency speculators. Experts say that in 5 years bitcoin will be worth at least $10 thousand.

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Thanks for sharing. Do you think that in time to come the amount of different coins available will decrease? Please explain your answer so that i can understand the dynamics better

Thanks, I think shrink will be gone. Might be a temporary silence.

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