Comeau Computing Tech Magazine 2024
Thinking that the world would be amazed by the digital currency just a while ago seemed like science fiction. The fact that someone would invest the hard-earned money into the currency that cannot be physically seen, touched, or controlled by the government is at the same time powerful and very scary. This is the reason why it didn’t become popular instantly.
However, thanks to the adventurists who were ready to try something new, we have very impressive numbers now that just keep rising concerning the number of people who trade the cryptocurrency they own and the value of the coins. If you are wondering how has that happened, you are not the only one. People are puzzled about the success of the crypto market, and the fact is that there are no signs of slowing down. Let’s dive into the reasons deeper!
1. Bigger independence
We all know that traditional currencies are controlled by governments and banks all over the world. However, the crypto market is very different and unique because the transactions are done peer to peer without the involvement of third parties. This gives the user the independence necessary to be able to control the transactions in a very simple way.
The fact that people can use the cryptocurrency to pay online or make transfers but keep their privacy protected while doing it is truly admiring. Some people appreciate the privacy more than anything else, so keeping the governments and the clerks out of the financial records is a huge step towards a bigger sense of freedom. In the world with so many tracking and the lack of privacy, this is a very appreciated feature.
2. Increasing popularity
At first, when the Bitcoin appeared, only the people who were closely related to the IT field could understand it and be invested in it. However, over the years more and more celebrities started showing interest in this field, so more people started reading about it and showing interest in crypto trading. The bigger the demand, the bigger the value, that is pretty clear. Besides, cryptocurrency is specific because of crypto mining.
It seems that its popularity will just keep growing making it available to the large public and enabling even the people who have never invested in the crypto market before making the first step towards it. If you wish to see if crypto trading is right for you, check out bitcoin-banker.io.
3. The opportunity for large earnings
The value of the cryptocurrencies is not stable, it changes from time to time. This is usually the time when the beginners in crypto trading start selling their coins, while the ones who have a little bit more experience start investing. Getting lots of coins at a lower price means that once the value goes up again, that will result in profit.
Of course, it is important to mention that not only individuals do this type of investment, but companies as well which will give you a better idea about the potential for earning. In addition, the fact that the last few years the Google searches concerning the cryptocurrencies has decreased, this gives more opportunities to the companies to get their hands on this market.
4. The accessibility is improved
Ever since the Bitcoin appeared, the number of platforms for crypto trading just kept increasing. There are numerous trusted platforms where people can trade their coins and have a detailed insight into the value of each one in a matter of seconds. Companies are developing apps that make it even easier to have full control of your coins and find the right moment to sell or buy. Greater accessibility also means a bigger value. People appreciate the fact that some things can be done in an easier and better way. This is why the crypto market gets so much attention.
5. Safety is a priority
The main concern of most people is how to keep their money safe. Concerning the number of hacks over the years, the safety of the hard-earned money is a priority. Even though the banks can be accessed in many ways, the cryptocurrencies are protected more than the traditional currencies. The fact that you can be sure that your coins are there where you want them is pretty powerful. Numerous steps are taken to protect the crypto market giving you the power to be fully protected against cyber-attacks.
6. It may be the right answer to inflation
Considering various problems that our world is facing, we all need a safety net to fall on. Experts believe that cryptocurrency will be the right answer to the growing financial problems of the virus that we are fighting globally. While governments can issue unlimited amounts of money, the fact is that there is a limited number of coins that can be mined. The total number of coins that can be mined is 21 million. At the moment, more than 15 million have been mined. The coins can be just what we need to be able to reduce the damage caused by the COVID 19 pandemic that has been devastating the global economy for months now.
As you can see, there are numerous reasons why the crypto market just keeps growing. We have gone from being very skeptical towards this new currency to be very interested in it and invested into finding out everything we can about it. The world is ready for new things, there is no doubt about it. Everything is evolving, so the economy shouldn’t be the exception. We need new currencies, new payment methods, increased privacy, and protection online – everything that the crypto market is offering.
Satoshi Nakamoto started a revolution that showed the world that things can be done differently and everyone is joining the ride. The fact that every person eager to start trading can easily do it is powerful. It is no longer reserved for the IT elite. Cryptocurrency is giving every man the opportunity to take a piece of the cake, so to speak, and join the party!
