Cryptocurrency: A long-term process
Feb 12, 2018 Posted / 11995 Views
As the image of Quasi-anarchic system has been portrayed in our textbooks that the system is here to demise our traditional economy, the truth is opposite. It is here serve people which are leading towards innovation and growth of our financial operations. Bitcoin concept is not all about investing for short-term and enjoy benefits. Rather it is a long-term process and we need to change our mindset to gather its complete welfare.
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The renowned virtual token, Bitcoin is a volatile currency which means in a midnight it can rise to 100 from zero and vice-versa. This bumpy ride has attracted its riders by the end of 2017. The limited number of tokens has appealed many of miners to work on mining process as this made BItcoin deflationary in nature. But nothing can be said with surety whether the currency will survive or not.
Despite its decentralized feature, Bitcoin can die. Rather all the cryptocurrencies can come to zero. There is no certainty in this virtual world till now. And if you are a new investor and not much aware of trends then maybe you should take a step back and conduct a study first.
To be ready to invest you should avoid jumping into the crypto-pool using your credit card as it can add stress in your life if things don’t work out. It is better to save for 2-3 months and in meantime understand the cryptocurrency and technology behind it, Blockchain. To completely interpret market share and trends you can go through some explanatory blogs and follow the crypto prevailing value. Then just before investing, on the basis of your anticipation and study go for the goal.
After placing your money in crypto you should wait for a year to see where the market is going. Obviously, you can withdraw a share of your profit at times but remember more investment is directly related to more profits. Meantime while keeping your money in the Virtual economy you can relocate your tokens from one coin to another as per market trends.
If you are fond of virtual tokens but not willing to invest even then you can participate in the virtual globe either by developing digital products or delivering a developing course. If you have a craze for writing then you can educate world through your blogs… as we just did!
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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