Cryptocurrency - Future or Just a Big Leap in the Dark?
The term 'cryptocurrency' still causes a bit of a frenzy. On one hand, where one set of people just can't contain their excitement on how big of a future does Bitcoin holds, on the other hand, there are some who just can't emphasize enough on the dangers that the cryptocurrency holds considering it is void of a central authority. A disadvantage that sucks life out of those who can't hold risk. But, cryptocurrency holds a big leap in future considering how well the millenials are driven by and can adopt the cashless society.
Bitcoin is a digital currency that uses decentralized technology to manage payment, transaction processing and verification to be done on the network. Bitcoin is different from our currency which is backed by a centralised government and holds full faith. Because of these features, there is a high chance of fraud, creative theft and hacking that can take place. This is something to look out for in the coming year while investing in Bitcoin. However, with regulation and government making proper use of the technology, there is a possible future for cryptocurrency that exists.
The opportunity is not going away and the wealth will continue to be made. All you need to look out for are the shortcomings and set your goals according to that. And if you still want to invest, there is always an option of to consult those who are well-equipped with the technology and working areas of the crypto currency.