Cryptocurrency has become a reliable and stable investment, as it enables all to become their own bank. It offers people real freedom and value and allows them to diversify their supply. Who is the true benefactor, though, as they all set sail on this great journey of independence?
The cryptocurrency market in Malaysia comprehensively varies according to the whims of the country’s regulations. Cryptocurrencies are by design decentralized so that they are not subject to any single entity’s control. However, different countries have different attitudes towards such a steady stream of transactions coming in from abroad.
Image created using Starry AI
Malaysia regulates cryptocurrencies on a case-by-case basis as well as limiting access for non-residents due to tax restrictions. What happens when sovereignty becomes anarchy? How can cryptocurrencies assimilate into every day lifestyles?
The number of people interested in cryptocurrency has grown by 10 times in the first half of 2017. With the current interest in cryptocurrencies around the world, will IT ever make 'money' obsolete?
This is not so far-fetched an idea. What we cannot do is predict the time, but we can be smarter in our choice of spending and financial management patterns. What more to say than that with an expensive investment, it better be worth your while.
Despite the fact that cryptocurrencies are still new and not many people are familiar with them, the truth is that this is an era where anyone who wants to make money can. Most of the coins are known for their decentralized features and customization features. They no doubt provide a sense of trustworthiness and reassurance since they don't need a bank or central society in order to offer services or accept transactions.
The cryptocurrency market has seen a massive boom in recent years due to developments of new coins and algorithms, technological breakthroughs, speculation, regulation issues, as well as even usage in different industries.
In general, people have found cryptocurrencies to be trustworthy; they offer people more control over what they earn while at the same time being decentralized; some coins are so decentralized that neither third-party government involvement nor centralized power is required by said coin.
The prices of cryptocurrencies and other goods have been constantly rising and skyrocketing in recent years. As a result, many people around the world are starting to trade cryptocurrencies for goods such as computers, cars, or apartments.
Cryptocurrencies allow diversification into various markets due to features such as low transaction fees and remittances from crypto to crypto exchanges. This allows people of all levels of knowledge to help them make bigger returns on investment in the event that there is a crash or downturn in cryptocurrency prices. A lot of success stories posit increases in intangible value such as hard wealth or a chance at winning something valuable without actually having to risk much money for it.
Many people believe in the idea that bitcoin and cryptocurrency are the currency of the future due to the aspects of new money that will be worth more than gold when it becomes mainstream.
However, there are certain risks involved with trading cryptocurrency. With large numbers of small investors and more people becoming cryptocurrencies every day, fraud at cryptocurrency exchanges and hackers can happen.
Nevertheless, cryptocurrencies are an important store of wealth for many because they represent democratic property rights that you cannot find anywhere else today. As such, if you believe in blockchain technology then it is best for you to invest in cryptos.
Cryptocurrency trades are lucrative businesses with high potential. However, they come with huge risks. Investing in cryptocurrency is a complex decision and there won’t be one right answer to follow.
My journey to the world of crypto.
NFA: Not Financial Advice!
