6 Factor Affecting the growth of cryptocurrency Economy
In 2018, crypto currency market has created space in many people heart either he/she is a Employee or a Business man or a Investor. In this field many manage to have great profit and loss as well here.
In this crypto trading era, many are not familiar with thing which affect the growth of the market. Here are some of the factor which affect the growth of crypto currency Economy.
News :- _____________________________
It all depend on the media how the World came to know about Bitcoin and its potential in the first place? And we all know about the media power to influence people
Political factor :- _________________________
News warm people for short term trade, while political change damage the whole market.
Economical Factor :- ________________________
Crypto currency operates in the world economy after all. Therefore, the financial instability in the global sphere affects the digital currencies as well.
Adoption in Society :- ____________________________
Many people in the world are unaware of what crypto currency is all about. Many Industry are opting Blockchain technology to widen the scope of crypto currency. However, the lack of understanding and awareness among the consumer is making it difficult for them to adopt Digital Currency.
Internal Competition :- ________________________________
When market introduces some new project then automatically the demand of older project decreases.
Securities :- ____________________________________
In the world of Digital currency we also come across hacker attacks on exchanges. Stealing crypto currency has now become trend in 2018 which raises big question on the crypto market.