EVERYTHING YOU NEED TO KNOW ABOUT THE CRYPTONS

The digital age has changed everything. The money too. This is how the so-called "cryptocurrencies" are born, which are digital units created as a means of payment in the virtual world and that little by little have become an investment method due to their capacity to acquire value and reliability in the market.

Yesterday at 4:04 p.m. coinmarketcap.com showed a quote of 1,169 cryptocurrencies that completed a total market of 175,272,960,491 dollars.

Thus, if Colombia had its Gross Domestic Product (GDP) available to buy the totality of cryptocurrencies referenced there, it would have to invest 59.8% of its GDP, since last year this indicator closed at 292,723 million dollars, according to the rate used by the government. Oanda conversion page, of 2,936.28 pesos per dollar.

This magnitude is not less, if one takes into account that virtual units put competition to traditional currencies supported by different states in the world (dollar, peso, renminbi ... etc.) and that at the point of credibility and valorization they trade successfully and gain even more space in economies with monetary difficulties, such as Venezuela.

In virtual currencies, at 4:04 p.m. Yesterday, Bitcoin was still the best-valued cryptocurrency with a price of 5,705.36 dollars / unit and a market of more than 94,839 million dollars. In the same period, Ethereum followed, which with a value of 344.18 dollars / unit moved more than 32.733 million dollars, and Ripple, with a market price of 0.262983 dollars / unit with which it completed 10.133 million dollars.

Although cryptocurrencies are born as an alternative to traditional money in some cases require this to circulate, it is one of the mechanisms used to buy and in any case has a verifiable value in it.

WHAT DO YOU THINK

I JUST THINK DO NOT DUDE IT