What is cryptocurrency ?
It can be defined as a virtual currency for instant transaction without intermediary ,it is a digital or online money. Also many scholars have define cryptocurrency has a peer-to-peer transaction that is ,no intermediary between the buyer and seller .Cryptocurrency as an important role in our modern economy, and its has been seen as a new economic world order “ NEWO” .
Investing in cryptocurrency has been largely profitable, and risky ,this depend on the time you got in , just a year ago 1 bitcoin was what $1000 ,as at december 2017 one bitcoin was worth 19000 dollars , currently the value of bitcoin has dropped from $19000 to $5750 you could have made tons of money if you had invested in bitcoin or other cryptocurrencies before december 2017 on the other , if you invested in bitcoin during this all time high of december 2017 you would have lost 75% of your investment,due to the downward trends of all cryptocurrency.
Indeed , cryptocurrency is a promising venture ,it is in embryonic stage,for example bitcoin have been on the scene since 2009, and every other altcoins are below four years old ,As such, there is room for further improvement. And the best time to get in is NOW…..
Although there are various abnormalities associated with the growth of cryptocurrency in our society ,but the potentials at weight the difficulties...it can only takes time ,remember ,every good thing on earth is worth waiting for,perseverance they say is the only path way to the palace .
It is my humble opinion that we traders, investors, holders, exchanges ,social media ,news outlet and many more bodies, should give cryptocurrency the maximum support needed for effective growth .Lets not chase this New Economy World Order .NEWO is here to set the base for a new economy world order,a world of finance were individuals ,groups,rich or poor have maximum control over their resources with less or no government intervention...CryptoCurrency is here to Stay ,the best is yet to come ,let's embrace it before it's too late.
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