in our lives, and the number of virtual currencies that exist in the
world has only multiplied in recent years. While Bitcoin is one
of the most representative and significant examples of this market, the variety has been expanding exponentially in recent months.
What are cryptocurrencies?
A cryptocurrency is a digital medium of exchange, as Wikipedia points out. The first cryptocurrency to operate was Bitcoin, and since then, many others have emerged, with different characteristics and protocols, such as Litecoin, Ethereum, Ripple, and Dogecoin, among others.
Why is Bitcoin speculative business the most well-known?
Bitcoin was the first cryptocurrency to appear, back in 2009, and it paved the way for the revolution of virtual currencies, opening up a world of possibilities for india phone number library many investors and for businesses that accept payment in this currency, although businesses that accept cryptocurrency transactions are still a minority.
Currently, Bitcoin is experiencing an unprecedented speculative bubble
, which has led to it reaching pandemic forces us to abandon mourning historic records in 2017, but everyone
assumes that within a few months this
speculative bubble will burst. This bubble has made those visionaries who bet on this currency a few years ago rich
And now many of them have made
the appropriate investments with the profits they have obtained thanks to the growth in the value of Bitcoin.
I believe that the cryptocurrency bubble, especially ao lists Bitcoin, is not at all positive for the future and viability of these virtual currencies, since speculation in any product, especially in currencies, creates fears of heavy losses for small investors who enter this market with poor advice and without full information, and only benefits large investors, who in most cases have privileged information to know when to buy and sell, obtaining extraordinary profits.
Many cryptocurrencies have emerged in
valuation is still nowhere near that of the famous virtual currency. These new virtual currencies can be an interesting investment for a small sum, as long as we have information that confirms that they will continue to grow in value , since we may be lucky enough to see the value of one of these currencies grow by 100%, or even more.