https://www.google.com/search?rlz=1CASMAE_enUS576US576&q=Dictionary#dobs=value
https://www.google.com/search?rlz=1CASMAE_enUS576US576&q=Dictionary#dobs=currency
TLDR;
Investments in the long term cryptocurrencies market are a vote for a decentralized value exchange system
Blockchain technology allows computers to solve math problems to help two parties exchange value. When the computer mines the coinage, it is winning a game that is designed to increase in difficulty and necessary computing power over time. There are a limited number of each version of brand of coin. When the limit is reached, the reward to the computers will only be a small fraction of the transaction fee. Each different coin may have specific protocol and code feature making it more appealing to you. Do your research. Top 20 coins have typically been mainstreamed, top 10 have potential value.
Coins are stored in encrypted files (wallets) that allow you to freely send and receive value peer to peer.
There are a variety of modern currencies of value, as well as other hard assets such as precious metal and gemstones. One could own yen, yuan, euros, pounds, etc.
This would be in addition to a wealth portfolio consisting of real estate assets, tax-deferred long term accounts, equities investments, bond investments, liquid cash, etc.
Currencies shift in value for a variety of reasons, and being able to move your wealth from one place to another is something that you should consider as an investment tool.
I will share with you 4 specific reasons that the United States Dollar is at risk of losing value, and why blockchain based technology has created a rare window of opportunity to allow the exchange of value in a decentralized platform:
Amazon upsetting the commercial real-estate sector, dispersing middle range retailers and causing the smaller leases at malls to fall through. Subprime loan unknown
Auto Loans showing increasing weakness on a 2 trillion dollar industry: subprime lending. People want self-driving cars.
Student Loans at 1+ trillion mark for at risk lending, known causes for defaults: lack of completion, failure to graduate, tougher job market and promise for Bernie Sanders to give college for free. The real problem? For Profit education sector.
Rise in community style living is lower the perks of homeownership, loss of human labor to automation.
Many modern currencies, the USD included, are called "Fiat" because they are only as valuable as the country or centralized bank governing the economics of that currency. Backing a currency with a hard asset such as gold or silver is called commodity money.
Due to the publicly shared responsibility of all users of bitcoin to play by the same rules, the power is decentralized and no bank can determine the value of the currency or change it at will. The value of cryptocurrency will be determined by we the people, and users of blockchain based currency.
I ask that you share this with your friends in order to preserve the wealth that you have worked so hard for over the years.
Cheers,
JG