The benefits of cryptocurrency are simply too tangible and it cannot be ignored for long term.It includes Security,democratization,lowered transaction fees and the global coverage.Many problems are here between the today's current economic system and the Blockchain.Many institutions has disagreements with them or they don't know how to cooperate with them.
It is common saying that unregulated currency often finds himself in the criminal hand but their must proper plan to implement it like many of countries have adopted bitcoins and taking advantages from it.Their are many cryptocurrency thats helps the banks and other financial institutions directly like Ripple (XRP) becomes a centralized cryptocurrency and works with the banks.Accepting bitcoins and other cryptocurrency as a payment system includes many benefits like sending payments within seconds with lower transaction fees.Like Apple,Microsoft and other big products sellings stores are accepting cryptocurrency as a payment system which helps peoples to buy these products more easily and more effectively.As many cryptocurrencies are coming with great benefits as government get down to creating legal framework for it,blockchain will see rapid adoption in Multiple industries.
Markets Fluctuate Wildly.
Why Invest Then?
This is the nature of the cryptocurrency market that it is frequently changing,is isn't for the faith of the heart.You should note the new of "Bubbles" that you have been hearing lately are not new to investment.Their are two reasons why their is so much fear being generated about cryptocurrency now.
What has caused to rise in value so quickly is the fact that it so much simpler to invest in bitcoin now, in a day and age where technology gives so much power,then it was back in the 90s for the stock market.Its just that more people know about it and its easier to begin investing .
How Will Governments React To Cryptocurrency?
This may be cryptocurrency biggest miracle.Government has ultimate power and of course they have authority to accept or reject the use of bitcoin and other cryptocurrency.Government will not like to lose their power and authority over the Financial assets and transactions.Many countries has accept the bitcoin as a legal tender and others are focusing .The general consensus is that it will be recognized by many countries by the mid or later 2020.
Is It Safe?
We can say that cryptocurrency is more or less safe but you cannot say that it is less safe then those of credit cards and traditional forms of money.Cryptocurrency developers are constantly working on the security of cryptocurrencies and blockchain.
What Are ICOs And Are They Scammy?
Initial coin offering (ICO) are when companies initially offer their coins to public,the funds they receive from this are used to grow their bussiness.It is now much very difficult from IPOs.Their has been some regulations in the USA about these ICOs to prevent fraud.
Their are some who are clearly running scam but its your own duty to research well before investing in any ICO.Look technology behind the ICO,analyse their work and their goals,do a background check on the team and analyse that this ICO will make it or not.
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@dailylifehacks your article cover almost all aspects of crypto world. But my concern is - bank and crypto currency can go parrelal?
https://steemit.com/@lksingha/
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