What is cryptocurrency? Why is everyone at risk?

in #cryptocurrency7 years ago (edited)

images (1)-picsay.jpgCryptokeyen is a digital currency. These coins do not produce any government. This currency is produced by means of hardware and software mining on the Internet. This mining is complete with blockchain, algorithm, crypto graphite. Miners take money in exchange for it. Even though it is very little.

Some of the most popular crypto currency in the market

Bitcoin, Etherium, Refill, Light Coin, Dogy Coin, DAS

It does not have any government or central bank to control it like a normal currency. The price depends on the market capital and trade volume. There is another difference with other currencies. Any currency can print new money if the central bank wants it. But there are limitations of crypto coins. Like bit coins can not generate after 21 million coins. There are many crypto currency in the market. Not all are equally profitable. But some are very profitable.

In July 2010, bit coins rate was 0.06 dollars

22 dollars in June 2011

6.56 dollars in June 2012

In June 2013, $ 107.78

$ 605 in June 2014

$ 230 in June 2015

665 dollars in June 2016

$ 2,591 in June of 2010

In December 2010, $ 1,491 million

So if you bought at least 10 bits of coins for $ 65 in 2012, now its value would be 1 lakh 48 thousand dollars.

Many people are buying crypto currency without studying. But not all but equal.

Bitcoin is now the market's king. Buying is profitable but very costly.

Etherium is profitable to buy Microsoft company but it is also tricky.

Looks like the price of the coin coins are cheaper because of today's rate of 400 $ 40000 is available. But even 1 year ago, we could get 2 million dollars. Price increased 5 times in 1 year.

Buying refill is profitable. Many innovative bank refill inventors.

You have to study these coins. See Market Capital. Please note the amount of trade volume is increasing every day. See whether the market is in reversal pattern.

This business is not for everyone. If you have patience and lazy money then try it. Buy it today, you buy 500,000 coins and 200,000 coins.
After 4 years, if the price of a coin coin is $ 1, then you will get two hundred thousand dollars profit.

Give hands to coins that are cheap and can be found more.

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