Is Crypto Worth Investing?
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Loading... - Anthony Morgan
- 28 Jul 2022
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Cryptocurrencies have high risks and it is an area where we can lose a lot of money, but at the same time, the news of people who got rich from crypto does not stop appearing.
Financial education courses have also started to include something about Bitcoin: we hear important people talking about technical innovations. Opinions are divided between conservatives, progressives and investors new to the markets who do not have a broad perspective on these assets.
Why is the world interested in Crypto?
Young generations see Bitcoin and Blockchain technology as an alternative to the conservative financial system . Coins inspire hope and promise large increases in initial amounts, leading to high returns on investments or passive income.
Not being a regulated space, transactions take place without being verified by banks or central authorities. We can send crypto fast, anywhere in the world on these decentralized networks with low fees. It is a very interesting technological innovation, but it requires a lot of information to clearly understand what it is about.
What is the value of cryptocurrencies based on?
The value of cryptocurrencies is determined by the seriousness and reputation of the underlying project, the limit of coins in circulation, supply and demand.
They are not used on a global scale for payments in commerce or other industries, being used more to generate passive income. Depending on the type of cryptocurrencies, they may base their value on other assets. For example, the value of stablecoins is based on international currencies such as the US dollar. Read More…
