With the cryptocurrency market gaining popularity across the globe, fiat currency market is currently facing great challenge. Although, there have been many campaigns conducted by world renowned skeptics against the adoption of cryptocurrency, but few only know the right reason ‘why.’
Cryptocurrencies are virtual currencies, having no physical existence and no authority. The entire market is based on blockchain technology, whose feature is to decentralize the business processes. Under the operation of capital market, there have numbers of brokers emerged to work between and make the most of the profits. In such process, the only victims are the end-users, i.e. you and I. Large-scale financial institutions charge you high for each small/large transaction, giving almost 50% of it away to the third parties. Well, that’s not all. Under the influence of capital market, there comes a long process for each, resulting on time-consumption.
Within the blockchain network, be it transactions or trading, the processes get simplified and streamlined on to a single-point-of-contact, resulting in promptness in the process. Apart from this, there are a lot more things, you get to experience and they are such as – higher security, low cost (since there is no third party involved), decentralization and democratization of transactions. Considering this as the end, here comes another – Decentralization of the transactions means each of your transaction details and credentials is encrypted and stored within the blockchain network. Besides, cryptocurrency transactions are stored in an anonymous manner, or you can say, accessible by only.
How has it impacted the real market of fiat currencies?
Skeptics from all across the world have conducted numbers of campaigns against the adoption of cryptocurrency and the reason is not only decentralization or democratization of your regular transactions, but also the fact that this is a market of high volatility. Considering the current status of Bitcoin and Ethereum markets, you can see, how drastic change has occurred in their market values. The growth in the value of Bitcoin’s makes an example itself. Although the price is recently dropped if compared with the price before 2 weeks, but Bitcoin has a record of the fastest capilization of the market. It’s called king of cryptocurrency.
The drastic and fastest growth in Bitcoin’s market value did of course attract some eyeballs of the world fame skeptics, but the truth is, despite some countries banning the adoption of cryptocurrency, cryptocurrency marketing a being a disruptive one. Hence, if you’re holding ‘Cryptocurrency Investment’ up as an issue, basics are clear to you. On this date, cryptocurrency is the buzzword across the globe. With more and more people taking interest in the investment, there comes a little concern that should be taken into account, everytime one decides to invest in some.
How can you easily make an investment in cryptocurrency market?
The smarter ones are relying on professional advisors in the field, especially, who have extensive knowledge in cryptocurrency investment and how can your investment bring you profits? Making an informed decision is as much important as good-returns after every investment. This is why, it is highly advisable that you get in touch with top cryptocurrency brokers while considering investing. World top brokers such as iq option, etoro and the like.
ICO – Makes a cool investment-vehicle
Apart from this, there is ICO, Initial coin Offering, one can consider investing. ICO is creating its own disruptive market, powered by blockchain technology. Initial Coin offering is a practice, conducted by blockchain companies. Similar as Initial Public Offering of fiat market, ICO is a crowdfunding practice. Investing in ICO means you subscribe their proprietary crypto-tokens, which certify you as their legitimate partner in future profits.
Typically, ICO runs over the span of two months, into two phases: pre-ICO sale and ICO sale. There is though not much difference in these two phases, but bounties and bonuses. There are rewards offered to respective ICO participants, depending on how quick one has one been to invest, because each ICO goes by one philosophy ‘First come, first serves.’
Now, if you compared which would be a better investment-vehicle between ICO and virtual coins, both are in fact interrelated. Most ICOs accept only cryptocurrencies in exchange of tokens, although plans are ON to integrate acceptance of fiat currencies as well. Some of the active ICOs of March 2018 are Fianca (FIN), SprintX (SPX), sapphire Coin (SPH) and many more.
If you are now thinking how to invest in ICO or how complicated investing in ICO could be, let us tell you that there are numbers of ICO listing websites online. Browsing into any one, you can easily direct to the ACTIVE ICO websites and invest right away signing-up with the platform. Good luck!