There reached $1. Early investors would have gained

There is a big chance that you’ve probably heard about Cryptocurrencies sometime this year, hence its growth in popularity and the effect it’s having on the economy. Cryptocurrency is a digital encrypted currency, used to buy and sell goods services online. You’re probably wondering, What makes them so special and why is Bitcoin so expensive? Cryptocurrencies are designed to make your online transactions personal and anonymous. Meaning Bitcoin, and all of the other altcoins (alternative coins released after the success of Bitcoin) available, are completely anonymous, unlike fiat money, which is regulated by the US government. Like gold and diamond, there is a limited supply. Since Bitcoin only has a maximum supply of 21 million coins, the price can rise as the demand for the coin rises. Cryptocurrencies have been around since 2010, and have been making coin holders slowly, but surely richer than you can imagine. In the age of dynamic advances to modern technology and people getting used to new and more efficient ways of doing things, Cryptocurrency Blockchain technologies have a huge advantage to change the way we see and handle our money. In 2010, The Bitcoin Market was born. This allowed people to only buy Bitcoin, until much later, online cryptocurrency trading exchanges were created. Some popular trading exchanges are Binance, Cryptopia, KuCoin, Liqui, and Bittrex. It wasn’t long until people began join the cryptocurrency train and invest their savings on Bitcoin. By 2011, Bitcoin reached $1. Early investors would have gained over 2000% growth of their original investment. Since then, Bitcoin has refused to stop growing, but its high transaction fees and slow deposit times were taking a toll on its dear investors. As the community gave notions to Bitcoin on how to improve its algorithm, not many of them were used. This inspired people from the Bitcoin community to start their own cryptocurrencies, commonly referred to as, Altcoins. Thus, the Blockchain size expanded, letting new investors buy new Cryptocurrency coins such as Ripple, Safe Exchange Coin, Power Ledger, and IOTA from P2P (peer to peer) exchange networks. So that means, if you are 7 years late to the Bitcoin party, there still is a chance you can become an Altcoin Cryptocurrency millionaire.Should you invest in the Cryptocurrency Market? I’m not the type of person to be giving out financial advice, heck, I’m about to finish my first year of college and have little to no experience on how the Stock Market works. But thanks to the internet, and the time I’ve had to research and learn about the ins and outs of the Cryptocurrency Market, I now have a pretty good idea of how it functions and how I can turn my weakhand $1000 investment to a $1,000,000 whale investment. By the looks of the DIP (drops in price) of Bitcoin and the rise in price of Altcoins, right now is the perfect opportunity for you to invest some money in the Cryptocurrency Market. Bitcoin and its predecessors have many advantages that completely overtake the need to even have fiat currency. Cryptocurrencies are GLOBAL now and are based solely on the intention to have more freedom in payment. Unlike fiat currency, cryptocurrencies make it possible to send and receive any amount of money anywhere in the world at any given time at the comfort of your own home. If you wanted to send or receive international payments with fiat currency, you have to take the liberty to drive to a sketchy money transfer shop and receive and send payments there. With cryptocurrencies, there is no need to cross borders, or reschedule appointments, or even get out of your bed in the morning. All you have to do is copy and paste their Wallet ID in the withdrawal form on your wallet, and the transaction will be successfully transfered. A few days ago I ran into a “Millenials are killing list,” basically consisting a list of things us, millenials, are not using anymore, therefore bringing its price down. A few things that list included were motorcycles, homeownerships, and bars of soap. But there were 2 other things on the list that millenials are killing that I believe is because of the rise of Cryptocurrencies. Banks such as Chase, Citibank, Wells Fargo and Bank of America are well known as, too big to fail banks. Too big to fail banks are financial service mediums that are way too codependent to the economy. If these banks somehow fail in any way, it could lead to an economic failure. One of Altcoin’s goals and advantages are Control and Security. This allows users to be in absolute control of their deposits, withdrawals, and transfers. “There’s a massive shift in consumer behavior and consumer trust,” Rick Yang, a partner at the venture-capital firm New Enterprise Associates, told Business Insider. “I think coming out of the financial crisis, millennials have a massive distrust of existing financial services.” But it’s not only the risk of losing it all that makes banks so undependable. Banks also have the tendency to make, getting ahold of your money harder. Banks have spending limits up to $5,000 a day and have wire deposit times that can last several days. Cryptocurrencies, unlike banks, have no spending limits, which means you can send as much money as you please. With cryptos, sending and receiving money is up to you 24 hours, 7 days a week. Isn’t this how a real bank should be? In today’s society, the right to one’s privacy is one of the most sought after discussion topics today. Whether it’s from having to give banks your personal information, to you having to declare all of your earnings to the IRS, everyone doesn’t want some big corporation tracking your steps all the time. Other than Altcoin’s established user anonymity, requiring little to no background information, Cryptocurrency purchases are not Taxed whatsoever. Thanks to their progressive complex mathematical algorithms and user anonymity, there is no way for third parties to determine who, where, and when the transaction was made. Therefore, no third parties are present, no holds or temporary account freezes will get in altcoin users way. Some say that the bitcoin bull run won’t be the same with other Altcoins, but I disagree. There are people who have invented better technology, and more efficient ways to not only send money, but also buy and sell things off the internet. One great example of an undervalued coin that plans to overtake Bitcoin is called Safe Exchange Coin (Safex). Safex has been through alot of DIP (drops in price) and FUD (fear, uncertainty and doubt) which caused people to Pump and Dump (buy cheap, sell expensive) this very promising coin. Safex is a decentralized market place, that is working hard to become the next Ebay. What makes this coin so interesting is that there is no competition for this sort of altcoin, and gives the community what bitcoin refused to take. Safex gives the community a chance to embolden ideas to the company, in ways to strengthen and develop the Safex coin. Building a marketplace with your own type of decentralized coin is great for people who like to shop online and leave no type of confirmation for the purchase made. This is great for people who buy gifts for people that share bank accounts with, or fellow TOR, Ebay, Amazon, or Alibaba marketplace consumers who don’t want their purchases recorded, stored, and kept for future reference by corporations. Today, Investing in some kind of cryptocurrency is a great idea for those who have any amount of money they are willing to lose. As I am typing this Ripple (XRP), a cryptocurrency, has shot up 0.25 cents! I bought 612XRP at 20 cents and already made %54 profit. Sometimes taking a small financial risk, can change your whole life for the better or otherwise. Possibility and probability are 2 very different instances in the scale of likelihood. Cryptocurrencies have no logic with emotions or reason. You have to do your own research before you buy any coin and be confident of your choices. “Confidence… It’s the food of the wise man, but the liquor of the fool.” – Vikram