Crypto Currencies have created a lot of buzz everywhere recently. Let’s find out the truth and lies buzzing revolving around the world-class digital asset.
Crypto Currencies have created a lot of buzz everywhere recently. You might have heard about it from your friends, family or might have seen some social media posts where it claims that you will be an overnight billionaire.
Overnight billionaire!! Really? Is it possible with Crypto? Let us find out all the truth and lies buzzing revolving around the newly claimed world-class digital asset Crypto currency.
One fine day back in 2008, a presumably pseudonymous developer named Satoshi Nakamoto developed a digital or virtual asset which claims to change the world’s future and be the weapon against the monster named as inflation. The digital asset was named as Bitcoin. It is the first crypto currency on our planet. Crypto currencies are built in a new age of block chain technology. It is a decentralized digital currency without control of any central banks or governments.
Decentralization means it will allow you to perform peer to peer secured transactions online without the interference of any person, organizations or even government bodies. Sounds cool right? No one can control your money except you.
Now if you have any doubt regarding its security then don’t worry as it cannot be hacked because its built on a block chain technology (unless you share your password with your girlfriend).
Tech giants, Business Tycoons and many influential personalities are related to crypto currency. Elon Musk, Mark Cuban, Steve Wozniak and many more great personalities own cryptos and support them.
It looks like a really promising digital asset for the future as it is said that it will protect us from inflation. There are many crypto currencies out there. Bitcoin, Litecoin, Ethreum, Cardano, Ripple, Doge, Polygon and many more. Prices of most of the coins have increased by more than 500% in a few years.
There are even reports of becoming an overnight billionaire as well. But before investing, keep in mind that the market is highly volatile. You may suffer losses as well. So research and study the market properly before jumping into it. Many people will say “Bhai bitcoin to illegal hai, banned hai.” Bro!! Aisa kuch bhi nahi hai (Brother bitcoin is illegal but dude there’s nothing such).
Bitcoin is not illegal. It just don’t have any regulations till date, but rumors are there that the Indian Government will set up regulations on crypto during this monsoon, great news for all crypto holders in India. There are many apps like CoinDcx, CoinSwitch, Kuber, WazirX, Binance etc. from where you can buy and sell crypto currencies in India.
The Crypto buzz is getting hotter everyday, so we decided to talk about the top 10 crypto currencies to invest in our next article. Along with that, our crypto expert will give some bonus tips on earning profits from cryptos in our next article.