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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.

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