Explanation of CryptoCurrency. Comparison of cryptocurrency with gold

Altcoincrypto.me - Cryptocurrency is a virtual currency that can be used as a decentralized alternative currency which in the sense that neither party governs it either company, government and even the Cryptocurrency maker itself can not arrange it.

Cryptocurrency has many types, but until now the most widely used and widely circulated is Bitcoin, but there are still other Cryptocurrency such as Litecoin, and so forth.

What is Cryptocurrency Legal? This question has so far been unclear, and is still heavily debated by some others, some of whom have credited Cryptocurrency on the grounds that it was not issued by the world's financial institutions or government of any country, so it can be said Illegal. 

However, many of them also relegate Cryptocurrency, because it can be used to store income, transact, and so forth related to Cryptocurrency. 

According to Bitcoin seekers, Cryptocurrency is a virtual currency of the future that is formed virtually and is not used in the real world, Cryptocurrency will likely future will grow rapidly and become Legal? Still a mystery.

CRYTOCURRENCY OR GOLD

The argument against Bitcoin and other cybercurrencies is that it has not intrinsic value, as it is not backed by any assets and only has value as long as people perceive that it has value. This is very similar to the problem that Fiat currencies face. According to Tom Vays of LiberyLifeTrail.com, Bitcoin is the new Digital Gold as it has a very high price volatility risk but also does not have any kind of ceiling so the potential for growth is enormous. On the other hand, gold has not outperformed the stock market in 30 year periods as it does not account for any technological innovations.

To begin with, Gold definitely has history on its side. The amount of Gold is limited by the amount which is extracted from the ground. During time of turmoil, those that had gold, were able to save their money. However, recently Gold has not been as stable as it has been historically. It has been very volatile due to the volume of which it is being traded. However, due to the securitazation, small amounts of gold can be sold are very small, and make the trading more frequent than before. However, it this depends on the priority of the investor. Is it stability — the preservation of capital or are they looking for high returns and willing to accept the high risks that come with it. Currently, if preservation of capital is the priority, gold and other precious metals are the slightly better choice while Bitcoin can offer much higher returns.

Another big problem with gold is that it has a huge political risk as authorities can confiscate it from any vault and as Gold Money recently found out, there is too much regulation preventing the creation of a gold-based payment system. This happened in the United States in the 1930’s during the New Deal, implemented by President Franklin Roosevelt, which include the seizure of all Gold reserves in order to turn the dollar into a fiat currency.
All in all, Cybercurrency seems to be the more promising investment for the 21st Century due to the inherent limitations of Gold as it has much higher growth potential.

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