Skip to main content

THE FUTURE OF CRYPTOCURRENCY

THE FUTURE OF CRYPTOCURRENCY

In my last post, I discussed cryptocurrency and it’s advantages and disadvantages. Today I’ll be giving a subjective overview of the future of cryptocurrency.
The future of cryptocurrency is quite unpredictable and it depends on whether people continue to be positively receptive to it. As long as people continue to believe in the immense benefits of cryptocurrency, I believe it’s prospects are numerous and unending.
Also, cryptocurrency has become, to a large extent, an integral layer of our societal existence. Cryptocurrency enabled the decentralization of the major banks and finance as a whole. It put money back, to a large extent, in the hands of the masses. It also created more millionaires.
Therefore, the keyword is “Faith”. If people continue to have faith in it, it will soar on and on. Realistically, there be declines (massive declines) or gargantuan drop in the value of cryptocurrency but it will also have it’s skyrocketing moments, which has been exemplified by bitcoin.
I’ll also love add that the numerous rise of different cryptocurrencies also has an immense and powerful effect on the volatile and unpredictable future of cryptocurrency. Right now, there are over 7,000 different cryptocurrencies. Some have come and are now inexistent. Some have crashed while others have been stagnant. These factors have largely shaped the future of cryptocurrency. Some made losses while others have made profits.
Personally, I feel that the rise of these numerous, unknown and dubious cryptocurrencies can have some negative impact on the future of the digital currency world. Some were scams, designed to rob people of their hard earned money. I encourage prospective enthusiasts in the cryptocurrency world to be very watchful and engage the watchword-research. That is the keyword. Ensure that you carryout a thorough study of whatever cryptocurrency you want to trade in. Avoid online scams and get-quick-rich schemes. Ensure that you have a realistic view of the cryptocurrency world.
In conclusion, I’ll say that the future of the cryptocurrency world is bright and rewarding but we have to cautious, reserved and realistic. I await your response and comments.

Comments

Popular posts from this blog

eMark Crptocurrency

DEUTSCHE ELEKTRONISCHE MARK CRYPTOCURRENCY What is eMark Cryptocurrency? It is a Cryptocurrency designed to make cryptocurrency easily accessible and available. The Deutsche Elektronische Mark Cryptocurrency is a decentralized cryptocurrency built using  cryptographic algorithms. The eMark also uses standard and the most advanced blockchain technology to ensure financial transactions on its platform are quick,  easy and highly secure. FEATURES AND INNOVATIONS FAST AND EFFICIENT TRANSACTIONS: financial transactions are carried out in nanoseconds irrespective of distance, geography or location. ANONYMOUSNESS: every financial transaction and exchange conducted on the platform is done on an anonymous account number generated for each transaction and as a result, ensuring the user’s privacy and anonymousness. ADVANCED SECURITY MEASURES COIN INFORMATION - SHA256D, Proof of Work + Proof of Stake - 210 millions PoW-Coins - 3.8% Stake / mtl. Payout (30 days = ~0,3...

THE HXG APP: INGENUITY AND UNIQUENESS

The cryptocurrency world has become inundated with a lot of fast rising, innovative, as well as fraudulent digital currencies. Therefore, one can say that "there are alot good and bad actors each with each of his/her own purpose and objectives' '.   Recently, while scrolling through the news, I saw a very disturbing and alarming news. Hackers had succeeded in hacking and siphoning hundreds of millions of dollars worth of cryptocurrencies out of people's cryptocurrency accounts. These accounts include those of Bitcoin and Ethereum. The news really shocked me.  News, like the aforementioned one, have led to the emergence of better secured cryptocurrencies, whose objective is their customer's account security.  HXG Cryptocurrency is one of such and it seeks and endeavours to ensure the maximum security of its userbase's account. HXG Cryptocurrency, is currently working on the launch of its app which will be connected to its token and future credit card. The app is...

Financial Rules I Wish I Knew in my Teens

Welcome Some Financial Rules I Wished I learnt in my Teens Hello viewers, welcome to my blog. Personally, I ’ m not yet a money mogul and titan but I hope that as we learn together, the principles of money making, we ’ ll get to upgrade our financial status and uplift the lives of our families and our countries as a whole. Growing up, I lacked and maybe ignored some Financial skills and   knowledge that might have helped improve my life. Even though I had little opportunities to make, I guess if was financially exposed, that knowledge might have helped me in my twenties when I made some significant amount of money for a very brief period of time. Without wasting any time, let ’ s delve into those financial rules, skills and knowledge I wished I had practiced and learnt. 1:   I wished I understood more definitely and realistically, the truth i.e. life isn ’ t a bed of roses. As simple and ubiquitous as that sound, that is a fundamental truth that many might think they u...