Cryptocurrency News Bytes & Education

19 Reasons Why The Price of Bitcoin Will Steadily Increase

19 Reasons Why The Price of Bitcoin Will Steadily Increase

Cryptocurrency is the future, and the future is already here. The following is a list of 19 reasons we see the price of bitcoin tripling or possibly going even higher…

What Is A Bitcoin And How Does It Work? [Crypto 101 Series]

What Is A Bitcoin And How Does It Work? [Crypto 101 Series]

What is a bitcoin, and how does it work?  It initially launched as a video game currency in 2009, invented by Satoshi Nakamoto.  Within just a couple of years, bitcoin…

Bitcoin & Cryptocurrency Are Changing How Banks Do Business

Bitcoin & Cryptocurrency Are Changing How Banks Do Business

Bitcoin and the underlying blockchain technology behind cryptocurrency is changing the way the banking system does business!  You can see evidence of this in different areas, the bankers and governments…

Bitcoin ATMs: A Growing Business Opportunity In Cryptocurrency

Bitcoin ATMs: A Growing Business Opportunity In Cryptocurrency

ATMs have traditionally been a substantial income opportunity at ‘point of sale’ retail locations.  There is a new and growing demand for cryptocurrency-based / bitcoin ATMs, and the volume of…

Bitcoin’s Creator Satoshi Nakamoto Could Possibly Be This Obscure Australian Weirdo

Bitcoin’s Creator Satoshi Nakamoto Could Possibly Be This Obscure Australian Weirdo

The creator of ‪bitcoin‬ / ‪‎cryptocurrency‬ is a secretive entity named ‪Satoshi Nakamoto‬. Some like to believe it’s a collective of people, and others think that there is an actual Satoshi who is the…

The Cryptocurrency Revolution: How Bitcoin Will End World Poverty

The Cryptocurrency Revolution: How Bitcoin Will End World Poverty

It all started when Bitcoin was invented in 2009.  Bitcoin created the cryptocurrency revolution.  Now it has the power to end world poverty by allowing easy access to financial services…

Blockchain Explorer: The Best Way To Determine If A Cryptocurrency Is Real

Blockchain Explorer: The Best Way To Determine If A Cryptocurrency Is Real

Before deciding to put money to work in a cryptocurrency, you should determine that it is real.  Why would you need to do this?  There are some companies out there who…

Overstock CEO Jonathan Johnson Prepares For The Coming Financial Crisis

Overstock CEO Jonathan Johnson Prepares For The Coming Financial Crisis

Jonathan Johnson, the chairman of Overstock.com (one of the largest U.S. e-commerce companies), has made significant preparations for central bank failure! He has allocated company funds to stockpile over $10 MILLION…

Sweden Cashless Society | World’s First Cashless Country

Sweden Cashless Society | World’s First Cashless Country

Massive news for the cryptocurrency industry as Sweden is quickly becoming the pioneer of the global economic community in going ‘cashless’. Recent information shows that a transition to a Sweden…

Cryptocurrency / Bitcoin Exempt From VAT; Ruled Today By The EU’s Highest Courts

Cryptocurrency / Bitcoin Exempt From VAT; Ruled Today By The EU’s Highest Courts

The highest court in Europe has laid down its’ recommendation regarding the regulation of Bitcoin and cryptocurrency.  The European Court of Justice ruled today that Bitcoin should be exempt from…

What Is Cryptocurrency? The Value Of Bitcoin vs The Dollar

What Is Cryptocurrency? The Value Of Bitcoin vs The Dollar

What is Cryptocurrency?  In our mission to answer your question, we bring you a popular topic of debate. The value of Bitcoin versus the U.S. Dollar! Because the dollar is…

Bank of America Files Brand New Patent: Cryptocurrency Wire Transfer System

Bank of America Files Brand New Patent: Cryptocurrency Wire Transfer System

A new patent filed by Bank of America recently published by the US Patent & Trademark Office (USPTO), aims to protect a system used for wire transfers using the technology…

What Is A Cryptocurrency? The Internet Of Money & Value!

what-is-a-cryptocurrency

What is a cryptocurrency?  Cryptocurrency is a ‘digital currency’ that uses advanced encryption technology to facilitate free & secure peer to peer transactions.

Most cryptocurrencies are fiat currencies by nature, meaning they have no backing by anything physical. Cryptocurrencies are also usually not controlled by any government or country. The value of a cryptocurrency is solely determined by supply and demand as it traders buy and sell the currency on the public traded exchanges and the actual value they are providing to the merchants, consumers, and overall marketplace.

What Is Cryptocurrency?  Here is a visual explanation showing how cryptocurrency is revolutionizing our world:

“Cryptocurrency gives you ultimate control over when and how you use your money!”

Cryptocurrency is the solution to the failing fiat currency system imposed by the United States Corporation & Federal Reserve:

Andreas Antonopoulos explains how cryptocurrency is the most revolutionary “disruptive” technology since the invention of the internet:

With the rise of the cryptocurrency industry, the banks are experiencing the “5 Stages of Grief” on the path to becoming obsolete:

“Cryptocurrency empowers the average person to become ‘your own bank!'”

So what makes cryptocurrency so different than the money you usually spend online via credit and debit cards? There are a few key differences to be aware of:

  1. There is no central bank that determines it’s value or controls the flow of new money or ‘units of account’ being created.  So there is no manipulation of the amount of currency in circulation by a centralized institution like the US dollar is with the Federal Reserve.  The Federal Reserve controls the Dollar, but cryptocurrencies like Bitcoin are controlled only by their code to produce a limited amount of coins. No single person, company, or country can change this.
  2. The value of a cryptocurrency is determined by the market (whatever people are willing to pay for it).  Countries are not involved, so the welfare of your nation’s economy will not affect the value of your cryptocurrency.  The value of a true cryptocurrency is based solely on supply and demand, similar to a commodity or assets trading on the stock market.
  3. Cryptocurrencies have the lowest fees to transfer money anywhere in the world.  The fee is not affected by distance, country borders, or any other of the common factors.  This makes it very easy whether your objective is to transfer enormous sums of money globally or to conduct micro transactions with someone on the other side of the planet.

What Is A Cryptocurrency?: The Advantages

People love cryptocurrency because it offers an easy way to transfer money globally and provides privacy for making what-is-cryptocurrencytransactions.  For example, cryptocurrency can’t be traced like a credit card or a bank account can be to a specific transaction. At the same rate, all Bitcoin transactions can be forever traced to the specific ‘alias’ or wallet key that performed it.

what-is-a-cryptocurrencyThere is much debate about whether Bitcoin is either untraceable or 100 percent traceable.  If it can’t be traced, it has an immediate appeal for the black market.

Even though the media often only reports on cryptocurrencies as something only used by criminals to buy drugs on websites like ‘Silk Roads,’ the truth is that most people who use cryptocurrency are just regular everyday people like you and me.

Heck, I just had to accept money in Bitcoin from a Pakistani fellow last week.  They don’t have access to Paypal!  Bitcoin was a convenient solution.

What is a cryptocurrency? People like to talk about cryptocurrency because it is making it possible to maintain some privacy in a world where someone is always looking over your shoulders, whether its the government, an Internet service provider or data mongering corporations.  While with currencies like Bitcoin, you enjoy a high level of anonymity, thanks to the fact that your identifying information is not stored in your wallet.

The only thing is the transactions can still be tracked in the blockchain, where you can see the money trail of transactions.  Cryptocurrencies such as Monero, DASH, ZCash, and Bitcoin Private offer the ability for you to transact completely 100% anonymously by implementing strategies that prevent people from following the money.

So while Bitcoin started it all, in the free market, there will always be competition that will learn from the mistakes of it’s competitors to serve the consumers better.  What you see with many altcoins is surely to bring innovation and a better-designed mousetrap to market. And as the market continues to evolve, we will continue to answer the question: What Is A Cryptocurrency?

Still confused about Bitcoin, cryptocurrency, and the blockchain and how you can profit from it? Let me help you clear up your confusion and show you the way. Check out my FREE Crypto Mini Course using the following link:

FREE Crypto Mini Course <<== CLICK HERE

So whether you want to use it in everyday commerce, or purchase it for it’s potential increase in value and make some serious gains.  How do you get into the world of cryptocurrency? There are plenty of ways to get started, whether you are going to trade on the exchange or get into accumulating/mining coins.

What Is A Cryptocurrency?: It’s The Future Of Money.  At What Is A Cryptocurrency, we are going to provide you with information, news & education about this TRILLION dollar megatrend!

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