In the last 10 years, it can be seen how the use of digital currency has been so widely used by large companies as a formal means of exchange in conducting transactions.
Maybe for the ordinary people will feel a bit surprised and lack of confidence in the trend of this digital currency, yes it is a natural thing because during this time we always transact using physical currency in the form of paper that looks form and face value.
CryptoCurrency is certainly different from the original currency, or money that uses paper as its raw material.
What is CryptoCurrency?
Speaking of CryptoCurrency, we will also talk about the cryptographic technology used.
This cryptographic technology that makes a digital currency has the selling value and the exchange rate.
Just as the use of physical currency for exchange and transactions is heavily influenced by the pulling power of buy and sell in the market, CryptoCurrency's exchange and selling rates are also heavily influenced by the pull and buy pull of these technology users.
CryptoCurrency or digital currency technology is currently very vibrant developed by various companies and team engineers in various parts of the world. Even Google Ventures also invests in one of the Cryptocurrency technologies.
It has been recorded more than 500 CryptoCurrency created based on CoinMarketCap.Com. Some CryptoCurrency have different concepts and some have concepts that mimic other coins.
Because the nature of digital currency, the basic value of CryptoCurrency purely based on the power of buy and sell its users. This causes the exchange rate can sometimes drop to more than 20%.
But this condition does not need to worry because actually this condition can be a moment to make a purchase and sell it back when the exchange rate returned to normal.
Among some CryptoCurrency on the market, 7 CryptoCurrency such as: Bitcoin, Ripple, Litecoin, Nubits, Paycoin, Dogecoin and Darkcoin (Dashcoin) are among the most traded.
Apart from Bitcoin that can be sold and bought in your country's currency, other CryptoCurrency can also use Bitcoin as a barter tool (exchange).
CryptoCurrency Trading Method
There are 2 ways methods in the CryptoCurrency trading process, among others:
- Buy when the price is cheap and sell when the price is high;
- Buy at a time when there is an opportunity to rise and sell when the selling price is higher than the purchase price.
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