Due to technological advancement, people no longer need cash to pay for goods and services. There are now diverse payment systems available to consumers. One of them is cryptocurrency.
Cryptocurrency is an investment creating a lot of buzz at the moment. From the price of a few dollars years ago, cryptocurrency is currently peaking at a value of tens of thousands of dollars. Its early investors are making millions now.
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What Is Cryptocurrency?
As popular as cryptocurrency is, a lot of people don’t understand what it is.
Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. It is digital money.
Cryptocurrency is stored in a digital wallet. When transferred, the transactions are recorded in a public ledger. Well-known examples of cryptocurrency are Ethereum and Bitcoin, the most popular.
Over time, people stored their Bitcoins in digital wallets. The value of the cryptocurrency grew gradually and recently exploded, reaching high levels. This is a result of investors buying Bitcoins as an asset.
People start asking, “Is it too late to invest in cryptocurrency?” The answer to the above question is “No”.
It’s NOT too late to invest in cryptocurrency, just as it’s never too late to invest in stocks.
There’s a catch; cryptocurrency is not a …Is It Too Late To Invest In Cryptocurrencies Read More