Why You Should Invest In Cryptocurrency

The idea of Bitcoin is to prevent the political power from controlling the issue of Bitcoin by administrative order as it can only be controlled through market strategy — if the government attempt to control it, they have to firstly own a large amount of bitcoins. Moreover, once the government enter the marketplace, they are in a competition with other cryptocurrencies and legal tenders. So some countries accept Bitcoin while some are resisting it.

Bitcoin is not an independent system nor can it be independent. It will certainly involve in a competition with legal currencies and gold. Bitcoin will have stronger self-adjustment once predictable liquidity collapses.(Many investors believe cryptos are independent and go into contest with people who doesn’t so a lot of branches resulted such as Bitcoin Cash, Ethereum Classic, this is also a self renewal progress). The motivation of adjustment is the liberal economy. On the contrary, the legal tender will one day return to his final value — a piece of waste paper, because the authorities issuing money behind will always finally become fallen and it is impossible to be regenerated. After that, there will be new authorities coming to counter the marketplace against Bitcoin.

As the capital is involved in the investment, the mid class (and working class) still cannot easily counter in the marketplace against billionaires who are the largest cryptocurrencies holders so far. Only possibility mid-class (and working class) investors may have is to share a slight profit under risks.

It seems like the Chinese government has already predicted the future of cryptocurrencies. Civilians are forbidden to involve in related activities but the government itself attempts to control the marketplace. NEO is one of the government promoted cryptos.

Chart: Price of NEO

Litecoin cryptocurrency (LTC), similar to Bitcoin, is also a decentralized cryptocurrencies. As Litecoin’s official website has announced, “We wanted to make a coin that is silver to Bitcoin’s gold”, that is, if Bitcoin is gold, then Litecoin is silver. The total number of BTC is 21 million and LTC is 84 million.

As cryptocurrency now is experiencing self renewal, the marketplace filters many of them that hardly capable in the competition. Some of them are not featured to survive from such contest such as GuccioneCoin which is been rewarded for reading pornography and the rewards has no continuous use so far. Second, background (issuer, policy, environment) determines the competition strength. As a mineable crypto, BitQuark are out of date and it’s not concerned much by investors. The economical strength is important as well. Some cryptocurrencies have been shut down due to rupture such as Creatio and BenjiRolls and some don’t have enough promotion as they’re going to be released, alike Flaxscript .

The examples above currently rank 1,000 behind and the reason why they didn’t make it because of insufficient competition strength at this moment when the crypto investment was completely about finance activities.

At the last, I concluded all my suggestion in the guideline of investment in cryptocurrency. See the magic there.