The Rise of Cryptocurrency – is it Here to Stay?

Cryptocurrencies have enticed those speculators with their substantial increase in price over the years. Because of that, many have been asking, are those dramatic price moves are here to stay? But before we lead to that, let us first know what cryptocurrency is, and why people are interested in it?

Cryptocurrency is a global phenomenon known by most people but understood by a few. For all we know, it is a form of payment that is exchanged for goods and services in many parts of the world. It is very popular nowadays because of it being cheaper and faster among the others. This is a decentralized network that runs in a peer-to-peer system and uses blockchain technology to track transactions. When we talk about peer to peer system, it is a direct transaction where central banks and the government are not involved in this system. That is the reason why they charge every transaction to have very few fees. And there are now 6,700 publicly treated cryptocurrencies all over the world. It is so popular nowadays, that made us ask if the rise of cryptocurrency is really staying for good?

If you will look at its journey when it was first introduced in 2009, Cryptocurrency also experienced difficulties before it reaches its position now. Over the years, it provided what investors are looking for to fully enjoy how the cryptocurrency works. With cryptocurrency, you can earn in numerous ways. One of these ways is through ICO or Initial Coin Offering. It uses coins as its digital currencies. That’s why this way of earning is called ICO even though it is just similar to the IPO or Initial Public Offering on stocks investments. You may also earn through exchanges. Exchange is the most well-known easy way to earn in cryptocurrency. If you are an investor here, you should gather and study information such as currents news and changes in price before you get into the decision of exchanging or trading your coins. And lastly is through direct investment or partnership. This is earning through your share in the project. 

Does cryptocurrency really here to stay? After seeing the progress that it had since the beginning until today, how it became very popular to many investors, added the many different ways of earning here, the rise of cryptocurrency might stay here for good. Undoubtedly, there will still be a best place in market for the cryptocurrency in the future. What it offers is a new financial business platform in the world wide web that investors do love dealing with.