The Digital Gold Traders
Every day hundreds of thousands of investors are showing interest in joining the digital world. The world has yet to witness the high degree of people in cryptocurrency community. One day the world sees how this digital currency will leverage potential the multi-billion industry to improve the financial status.
It is an unfortunate situation in today’s world that a small number of investors aren’t able to see this multi-billion industry if you want to have more knowledge about this industry continue reading this article.
Lack of Knowledge
Due to the lack of knowledge in the cryptocurrency industry, many traders investment has cost to borne out of sheer ignorance. This ignorance made an end to their dreams and sent them to bankruptcy.
The Bitcoin traders have been risen dramatically, fascinating to create a new global digital gold money internet age. The notion of this digital currency has been a joke to many, but that has not kept the digital currency into growing to worth billions of dollars. The traders from Beijing to Buenos Aires see this as potential free from the financial system that is from free from governments and banks.
Users of Digital currency
Ever since its creation, the digital currency has set the pace for creation of other currencies, with a view of strengthening cryptocurrency and making digital currency an attractive option to fiat money. Currently, there are over 1500 digital currency users in the world, all of them were created after the success created by Bitcoin.
The protocol established by the creator of Bitcoin has put a market cap on this digital currency as it stipulates that just 21 million Bitcoin will ever be mined and some 12 million Bitcoin has already mined at the moment. Thus, the cryptocurrency world will never have an infinite number of the coin in the market but have to contend with this number of the coin.
Bitcoin shares this similarity with gold and some other metals but it doesn’t have an intrinsic value like other metal. Although there are a series of economic theories and mathematical computation designed to understand the rationale behind capping the digital currency at 21 million, so far no one has been able to support that number. This is one of the distinctions between stocks and Bitcoins.
Bitcoin has found extensive uses across the globe, a reflection of its popularity and wide acceptance. The digital currency can be used for the following
To make a donation, to make payment for goods and services, as result many organization started accepting payment through Bitcoins. At the moment there are many companies, stores where you can make payment through Bitcoins.