“Crypto” or “cryptocurrencies” is a type of software system that provides users with transactional functions via the Internet. The most important feature of the system is them decentralized nature – usually provided blockchain database system.
Blockchain և “cryptocurrencies” have recently become the main elements of the world oil giant. usually as a result of a sharp rise in the “price” of bitcoin. This has forced millions of people to enter the market, and many Bitcoin exchanges are under enormous infrastructure stress as demand grows.
The most important thing to realize about crypto is that whether it actually serves the purpose (cross-border transactions over the Internet), it does not provide any other financial benefit. In other words, its “intrinsic value” is severely limited by its ability to make deals with other people. NOT in maintaining / distributing value (which is what many consider it).
The most important thing you need to realize is that Bitcoin և is something like that payment networks – NO “currencies”. This will be discussed in more depth in a second. The most important thing to realize is that “getting rich” with BTC is not a way to provide people with a better economic position, it is just a process of buying “coins” at a lower price and selling them higher.
For that purpose, when looking at “crypto”, one must first understand how it actually works, where its “value” really is …
Decentralized payment networks …
As mentioned, the main thing to remember about Crypto is that it is basically decentralized payment network. Consider Visa / Mastercard without a central processing system.
This is important because it highlights the real reason why people have really begun to delve deeper into the Bitcoin offer. it lets you send / receive money from anywhere in the world as long as they have your Bitcoin wallet address.
The reason why it attributes “price” to different “coins” is the misconception that “Bitcoin” will somehow allow you to make money by being “crypto” active. It does not mean.
It: ONLY The way people earn money with bitcoin is due to the “increase” in its price, buying “coins” at a lower price and selling them at a MUCH more expensive price. While many did, it was actually based on the “bigger idiot theory”, which is that if you can “sell” coins, it’s a “bigger idiot” than you.
This means that if you want to get involved with crypto space today, you basically buy any “coin” (even “alt” coin) that is cheap (or cheap) to drive. the price goes up until you sell them later. As none of the “coins” have real-world assets, it is not possible to estimate when / if / how they will work.
For all intents and purposes, Bitcoin is a force to be reckoned with.
The epic rally of December 2017 showed the mass acceptance that if its price is likely to continue to rise to the $ 20,000 + range, buying one of the coins today will be a huge game that will happen.
Smart money is already looking at most “alt” coins (Ethereum / Ripple և etc.), which have a relatively low price, but are constantly growing in price և acceptance. The main thing to consider in the modern “crypto” space is the snow, which actually uses different “platform” systems.
Such is the fast-growing “technological” area. Ethereum և Ripple is like the next Bitcoin, focusing on the horse that they can use to give users decentralized applications (DApps) to actually use on top of their core networks to get functionality. work.
This means that if you look at the next level of crypto growth, it will almost certainly come from the various platforms you can discover there.