The Future of Cryptocurrency: A blog about the future of cryptocurrency valuations, where to invest and how to make sizeable returns over time.
The Future of Cryptocurrency: A blog about the future of cryptocurrency valuations, where to invest and how to make sizeable returns over time.
The Future of Cryptocurrency: A blog about the future of cryptocurrency valuations, where to invest and how to make sizeable returns over time.
This is a blog about the future of cryptocurrency valuations, where to invest and how to make sizeable returns over time. I’ve been interested in cryptocurrencies for a few years now, and I’m currently looking to get more involved.
I first became interested in Bitcoin in late 2013 after learning about it from an ex-girlfriend who had been following it for a few months. She was really into it — we spent many nights talking about Bitcoin, blockchain technology, and the future of finance.
She convinced me to start investing in Bitcoin and altcoins, and I did so fairly aggressively, gradually increasing my investments as the price of Bitcoin rose (and as my girlfriend nudged me to do so nearly every day).
cryptocurrency is a new asset class that has been in existence for less than a decade. However, the current valuations in the space are not rational and given the fact that early investors are still holding on to their tokens and coins, the price of bitcoin and other cryptocurrencies will be volatile.
Cryptocurrencies are still in their infancy, but there is already a lot of hype at present. Bitcoin has already hit $10k per coin and it could potentially hit $100k per coin if we see another bubble like 2017.
The major difference between now and then is that there was no institutional money in crypto when it last spiked to these levels. Now, there is over $10bn of institutional money in bitcoin and this number continues to grow every day.
The idea of cryptocurrencies has been around for a long time. Developers and coders have been seeking the perfect way to implement cryptography into a digital asset since the birth of the internet. The idea is to use cryptography to secure all transactions of the specific digital asset, as well as control the creation of that same asset through the same means.
It’s an arms race that we’re not going to win. The only hope is to extend the lead as much as possible. Cryptocurrencies are a big step towards this, but still have many problems.
The first problem is that most of these coins have no intrinsic value. This means that they might be useful in some ways, but it also means that they can’t be used to store value in any meaningful way (in other words, you can’t use it to buy something). This also means that they will eventually crash and burn, like all other currencies, when they become too volatile and lose their perceived usefulness.
This brings me to my second problem: The biggest problem with these coins is that there are so many of them. There are thousands of different ones out there, and most of them don’t seem very interesting at first glance. They’re just another form of fiat currency, with all the same problems as fiat
What is Cryptocurrency?
Cryptocurrency is a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its source code was released as open-source software.
Cryptocurrencies are systems that allow for secure payments online which are denominated in terms of virtual “tokens,” which are represented by ledger entries internal to the system. “Crypto” refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions.
The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of June 2018, there were over 17 million bitcoins in circulation with a total market value of around $130 billion (although the market price of bitcoin can fluctuate quite a bit). Bitcoin’s success has spawned a number of