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Is cryptocurrency the future?should you invest in crypto in 2020

Is cryptocurrency the future?

If you got the money you got the power

money is a tool that has been at the middle of human progress, and as we tend to build larger and tackle complicated issues, we're planning to would like the simplest tools offered.

We have a global economy. We're planning to would like a world with digital currency.

Cryptocurrency is gonna be a good democratizing force for the globe as a result of it's gonna level the taking part in field and permit anybody with a telephone to access money services.


this is often getting to transform how we expect a few real global economies. Is cryptocurrency the long run?

Is cryptocurrency the future?



What is Cryptocurrency?

It's basically digital money which is presently the most secure thing you got nowadays

I think so as to know its importance, we tend to initial got to outline what currency suggests that.


What currency does is it actually allow us to agree upon the value of something? It's almost like a communication tool. 


One way that you can do that is with money. You can incentivize people to try to work on the same thing at the same time. - We started off building simple systems like a bridge crossing a river to very amazing things like rocket ships.


We went from interacting with our neighbors to now transacting with each other around the world and that we wanna confirm that folks can move money freely, and our current financial system just doesn't enable that.


So the current systems are very centralized, We have big banks and big governments.




What's so special in crypto why such a big fuss about it?


Is cryptocurrency the future?

There's a ton of middlemen World Health Organizations build things improbably inefficient.


When you talk about the problems with the existing financial system, you can go to a situation like Venezuela, where the money is being printed and folks' savings are basically being destroyed.


The value of their wealth has been completely crumbled.


Everyone sorta takes this idea for granted, that if someone gives us money it'll be in our bank account and it's not gonna disappear or be taken away from us, and that's really a luxury that many people in the world don't have at all.


There are about 1.8 billion people in the world today who have a cell phone but don't have access to to any financial services.


What Cryptocurrency does is takes the stability that we have then give it to the rest of the world. If I even have a dollar, I can hand that on to somebody else.


There was no bank in the middle there. With digital currency and blockchain, it's actually more similar to cash, yet again, where I can send something directly to somebody else and that I don't necessarily have to travel through middlemen like a bank or a credit card company.


We can go back to how we normally transacted which is direct with each other, without all these giant central parties in between.




What is decentralization?


When computer scientists talk about the concept called decentralization, what they mean is to avoid this idea of a single point of failure.


A single point of failure like we have with institutions. 

 So you no longer need the middlemen to keep track of the internal ledger

All the work will computer do for you. That network effect makes it unbreakable.


Is cryptocurrency the future?

The technology makes us richer and wealthier because you need less time, or less money, or less effort to get something done.




so here is the main Big question-Should I invest Cryptocurrency 2020?


Is cryptocurrency the future?

Even if you don't know much about cryptos you definitely should invest it is worthy of your investment


it is not just up to investment only.it has much better wide use which coming in countries live these days due to COVID-19 which crashes the world economy day by day


its impact are spectacular when people consider crypto, I feel they consider an investment. There's a lot of speculation. There's a lotta talk of prices and how much money has been raised.


But, it's really important to see past that. You can use cryptocurrency to buy goods and services and transact in the economy. That does not just send money back and forth.


 A more global economy is vital because there's talent everywhere, but the opportunity isn't evenly distributed.

In a world wherever this technology is absolutely adopted, it will not matter what country you are born in.

All that will matter is that you have a mobile phone and internet connection and you have skills and knowledge to learn and you can contribute to the global economy


Is now a good time to buy Cryptocurrency?

Yes definitely because e-currency is backing down day by day due to COVID-19
and there is a big chance that the bitcoin price get spike again in the near future


Can you become a millionaire with Cryptocurrency?

Yes it pretty much possible as you can see in past the spikes come in crypto
and more and more crypto coin getting introduced



What is the best Cryptocurrency to invest in?

Is cryptocurrency the future?

there are many crypto coins coming but in the top of the chain, there are-

  • Ethereum (ETH) ...
  • Ripple (XRP) ...
  • Litecoin (LTC) ...
  • Tether (USDT) ...
  • Bitcoin Cash (BCH) ...
  • Libra (LIBRA) ...
  • Monero (XMR) ...
  • EOS (EOS)


Bitcoin is top of the chain and its present price-

Is cryptocurrency the future?



Who owns the most bitcoin?

Satoshi Nakamoto


he also knows as the inventor of bitcoin and the first one who implemented blockchain

bit coin is the most powerful crypto coin in the world

Satoshi Nakamoto

but recently china launched its own crypto called Yuan in the competition of bitcoin


Is crypto legal?

Satoshi Nakamoto

yes it legal and it became legal to other countries day by day


Cryptocurrency Legality by Country-

  • India 
  • Nigeria
  • Namibia
  • South Africa
  • Zimbabwe
  • Canada (banned by banks)
  • Mexico
  • United States
  • Costa Rica
  • Nicaragua
  • Trinidad and Tobago
  • Jamaica
  • Brazil
  • Argentina
  • Colombia
  • Chile
  • Kyrgyzstan
  • Cyprus
  • Israel
  • UAE
  • Jordan
  • Saudi Arabia
  • Iran
  • Lebanon
  • Turkey
  • Pakistan
  • China
  • Japan
  • Hong Kong
  • Taiwan
  • South Korea
  • Indonesia
  • Philippines

and many more countries


Can you get bitcoin free?

yes you can there a process called mining 

lots of people mine bitcoin with their computers and devices and get free bitcoin

for more details, you can see in my article-How to mining bitcoin free updated 2020


CONCLUSION-

So the question Is cryptocurrency the future?

the answer is simple yes it is a new generation upcoming digital money

 If you've got lots of people who are invested in each other's success literally, they're invested in each other's success at a broader level. 

I think cryptocurrencies are gonna be as impactful to humanity's the internet has been. Digital currency and blockchain can bind us in ways that we wouldn't be bound before.

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