Platinum Swing Trade Alerts

The 10-Buck Broker (Long-Term Stock Picks)

Announcement

Collapse
No announcement yet.

Cryptocurrencies: Real Money or a Fad?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Cryptocurrencies: Real Money or a Fad?

    2017 is the year of cryptocurrencies. Bitcoin jumped from a few thousand dollars' worth and broke records by crossing the $20,000 mark. Ethereum's Ether is higher than ever. New currencies are popping up every day and people are buying them in a frenzy.

    So, are these codes of programming real money or a fad that will die in time? Let's review:

    SAVING MONEY

    Have you ever sent money to someone through banking channels? Different banks have different protocols, but all have one thing in common: They charge you for it. Yes, you might say that your bank gives you a few fee transactions a month, but it puts other restrictions where you are forced to pay for those particular services.

    With digital currencies such as Bitcoin and Ethereum, you still have to pay to transfer money over to someone, but the transaction "charges" you give to miners are much lower than what traditional banks offer you.

    SAVING TIME

    Sending cryptocurrency to someone living in any part of the world is as easy as writing an email. All you have to do is to ask for the receiver's address, log in your wallet and send the desired amount. You can then go around doing whatever you do in your daily life and the money will be transferred.

    UNIVERSAL CURRENCY

    OK, so the title is misleading a bit. There are tons of cryptocurrency out there, so you and the receiver may not have the same currency wallet. If the receiver is flexible (and you have the convincing power), he or she can set up an electronic wallet for your currency in no time.

    The most widely accepted currency is Bitcoin and if you have it, you will not face any problem of different currency acceptance.

    INVESTMENT

    With financial crises everywhere and the inflation rate rising rapidly, you will one day find that all those dollars you saved don't have much buying power in a decade or so. The wise thing is to invest them in something that will not depreciate over time. Enter Cryptocurrencies! Mostly because of the way these currencies are programmed, they will be very limited in circulation, unlike paper based currency where you can just print off more.

    A simple case of supply and demand will always ensure that cryptocurrencies will have an ever increasing value.


    Article Source: http://EzineArticles.com/9852874
    Platinum Swing Trade Stock Alerts(FREE 14-Day Trial)

    The 10-Buck Broker (Long-Term Stock Picks)


    Best Stock Picking Services

    Sign up for the forum to reply to this post!!!


    Best FOREX Signals Software

    Stock Market Investing For Beginners


    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."

    Good KARMA and positive energy abound.


    Terms Of Service

    Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

    Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.
    Best stocks to buy now Stock Market
    Best stocks to buy now
    Dow Jones TodayDJIA
Working...
X