Nick Diaz Promotions

Top Menu

  • Home
  • Contact Us

Main Menu

  • Finance
  • Business
  • Industry
  • Law
  • Entrepreneur
  • Branding
  • Health
  • Home
  • Contact Us

Nick Diaz Promotions

  • Finance
  • Business
  • Industry
  • Law
  • Entrepreneur
  • Branding
  • Health
Finance
Home›Finance›Why Are People So Obsessed With Cryptocurrency

Why Are People So Obsessed With Cryptocurrency

By Eddy
June 29, 2019
921
0
Share:

As Bitcoin nears $13,000, cryptocurrency once again becomes a very hot topic for discussion.

But what is so special about this digital money?

Well, let’s find out!

1.  Revolutionizing Industries

There’s no doubt that the birth of cryptocurrencies was revolutionizing for many industries around the world. These new digital assets were built on a distributed public ledger. Their number was limited, fees were low and transfers were faster.

As governments and big corporations start taking interest in and researching the blockchain technology, it is apparent that blockchain may be the key to dealing with fraud and data theft. On the other hand, in the real estate sphere, blockchain can allow to execute transfer of property instantaneously. This will greatly improve on the extensive and complex practice of property transactions.

There was also a notion of utilizing Blockchain in order to make elections safer. However, this will still take a long time.

2.  Great For Investment

Cryptocurrencies are the riskiest assets for investment. The small size of the market, low institutional support and the media influence result in crypto coins being highly volatile. Yet, dangerous investments always have the highest payoff. For risk-averse, to trade crypto coins may be the best option. Just take a look at any coin’s price history on a coin tracker and you’ll see how quickly crypto prices move.

The market is vast and gives you many opportunities for investment. Of course, cryptocurrency is still at its early stages and no one can make accurate long-term predictions.

3.  Separation From Central Authorities

One of the reasons why people are attracted to crypto coins is decentralization. Cryptocurrencies, unlike fiat money, don’t rely on any entity, on the contrary, the blockchain technology is distributed among all users.

This helps financial transactions to occur free from banks or governments as well as eliminates fraud and theft.

4.  Crowd Mentality

It was once said that mobs have passions, not brains. When the news about Bitcoin surfaced many people bought  Bitcoin because of the technology, they were ready for a new tech evolution and were convinced that crypto, just like the Internet, will revolutionize our world.

However, as the great investment prospects of crypto coins became known, people entered the industry looking for easy money. With the media’s coverage of crypto, more and more people came into the crypto sphere.

Listening to the advice of their friends or their favorite blogger, people followed the herd and entered the crypto world without understanding its full capacity..

5.  Better Transfers

International transfers have been revolutionized since the arrival of crypto coins. Crypto platforms like Ripple are making foreign transactions faster, safer and easier. These platforms are currently much better than the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the current system for overseas transfers.

There have also been many rumors speculating that Ripple may replace SWIFT in the future. It is already one of the most institutionalized crypto-assets out there and ranks third by market cap, according to CoinMarketCap.com.

Crypto coins and blockchain are still in early stages of development, however, they have an undeniably great potential. If you want to trade crypto and do it as easily as possible, you should look into using a crypto tracker. Don’t know how to? Check out the best crypto portfolio tracker guide on the web.

Previous Article

8 Taxes Taboos You Should Break Today ...

Next Article

Where To Find Cheap Designer Sunglasses

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Finance

    Get familiar with some essential facts about the crypto gambling sites

    April 28, 2020
    By Eddy
  • Finance

    All About Form 2290

    August 6, 2020
    By Eddy
  • Finance

    How To Care For Asthma Patients

    February 19, 2020
    By Eddy
  • Finance

    Check Your Credit Long Before You Need Financing

    June 24, 2019
    By Eddy
  • Finance

    Make money with digital currencies fast

    June 23, 2020
    By Eddy
  • Finance

    How To Get The Lowest Mortgage Rates In Los Angeles

    September 9, 2020
    By Eddy

Leave a reply Cancel reply

  • Business

    SME loans for people starting their business:

  • Business

    Here are a few ways to enhance your security level of e-wallet!!

  • Business

    In an emergency situation to translate the document:

  • Recent

  • Popular

  • Comments

  • Valuation methods to use in selling business in Hong Kong

    By Eddy
    January 27, 2021
  • Benefits of Working From Home You Will Be Surprised To Know About

    By Eddy
    January 25, 2021
  • Understand in detail an Accident Compensation process in the USA

    By Eddy
    January 25, 2021
  • Hello world!

    By Eddy
    June 14, 2019
  • Best Prices on Top Brands at Centrepoint

    By Eddy
    January 1, 2019
  • ไขข้อสงสัย สินเชื่อส่วนบุคคล uobคืออะไร?

    By Eddy
    June 22, 2019
  • A WordPress Commenter
    on
    June 14, 2019

    Hello world!

    Hi, this is a ...

Recent Posts

  • Valuation methods to use in selling business in Hong Kong
  • Benefits of Working From Home You Will Be Surprised To Know About
  • Understand in detail an Accident Compensation process in the USA
  • Most Amazing Benefits Of Starting Your Business In Today’s Times
  • What should I know about Factoring accounts receivable?
  • Business

    Valuation methods to use in selling business in Hong Kong

    An entrepreneur knows when to let go of a business. Selling a business is part of a business cycle to salvage what’s left of a company. However, it is common ...
  • Business

    Benefits of Working From Home You Will Be Surprised To Know About

    The global pandemic or the novel Corona Virus has forced all those who work in companies to stay at homes and do their homes. While this came as a good ...
  • Law

    Understand in detail an Accident Compensation process in the USA

    It is normal for accident victims in the USA to have doubts about what to do after the accident. In these situations it is natural for the victim and his ...
  • Business

    Most Amazing Benefits Of Starting Your Business In Today’s Times

    There are some people who know that they were born to be businessmen only. There are those who start their own business later in their lives either due to change ...
  • Business

    What should I know about Factoring accounts receivable?

    If you are running a business, it might get a bit stressful, especially if you have a poor cash flow. Many companies cannot collect invoices on a timely basis due ...
2019 NickdiazPromotions.com / All Rights Reserved.