Posted on :
April 08, 2019
Cryptocurrencies or virtual currencies are more alike the new generation Tulip mania. Everyone
goes crazy about it
instead of knowing the risk that they can even lose their money overnight. Its price fluctuates
in every single minute.
There are countless options if anyone decides to invest in the virtual asset. But before
entering the space, one needs
to know about the possibilities which it can bring in future. An investor’s money either can be
double within a day or
two; or it can be lost with no price rates at all.
The market of crypto has grown aggressively from where it started in 2009. It was kind of a joke
to everyone few years
ago, but now everyone thinks that it’s the wave of near future. Even Bill Gates also believes
that Bitcoin is better
than currency (Source - CNBC). There are significantly rising number of participations day by
day in the crypto world
around the globe.
At the beginning, only enthusiasts and risk takers participated in this market as there was no
KYC or any other security
assurance. They have recently started applying these security policies like KYC policies for
securing the transaction
process and growing the community of market participants. In 2017, the price of the oldest
crypto Bitcoin reaches its
topmost position and thereafter we can see the growing number of investors getting on board.
Even the Institutional Investors were hesitant previously for entering the market because it was
not regulated when it
started. But now, they are making a twist in the market by getting involved in it as it showed
the increased liquidity,
security as well as a quick turnaround in terms of regulation in various countries.
Regulation in rest of the countries will take place soon this year. Cryptocurrencies have
established its milestone now.
Surely it is the future of the current financial system. Stable coins may take the lead position
in the field of
cryptocurrencies, probably their price stability plays the vital role in achieving this
Cryptocurrency is not likely to go away anytime soon. In this unpredictable age, more than 70%
of the market
participants and financial investors believe that it will stay in the monetary space for sure.
The participants and
crypto holders expect that it will definitely grow and eventually replace the traditional
currency system as it does not
involve intermediation of any banks so that the traders have their own control in their assets.
Blockchain, the underlying technology behind many cryptocurrencies, has also started to show its
impact far outside of
the digital currency industry and is likely to see new applications in various fields like
finance, education and
healthcare this year. Because it is seamless and secured, everyone can blindly depend on it.
There is no doubt that people are going crazy about this virtual currency and everyone will see
more participation from
people around the world in the exchange platforms by the end of 2019. This virtual asset will
continue to surprise the
crypto enthusiasts in the near future.