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Will cryptocurrency become the main currency of the future?

I am beginning to invest into the stock market as an 18 year old. I am a beginner and would love some tips and tricks. Thanks!

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#stocks
#stocks-investing
#stock-trading
#technology

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Joseph’s Answer

Cryptocurrency is the future of global finance, gaming, art, insurance, and almost anything you want to place a value on - both physical and virtual. There are many skeptics, less now than a few years ago, but blockchain enable asset tokenization is the future. What that means is that anything of value can be represented by a unique identifier that is verifiable on a distributed ledger. This is extremely powerful and most don't really understand this yet. Yes, some of these cryptocurrencies will compete against fiat currencies like the Euro/Dollar/Yen. Skeptical? At the time of this post, 83 countries around the world have started a CBDC (Central Bank Digital Currency) so they can compete against this. What will be interesting to observe is how this will impact nations around the world. It is early days, but to your question, keep an eye on CoinMarketCap.com as a site that lists all of the current tokens available. Know that many of these will fail, but certainly a few will be the next Google/Apple - only decentralized.
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Richard’s Answer

It's great you're thinking about your financial future now. I doubt crypto currency will become the main currency of the future primarily because governments cannot control it. The underlying blockchain technology will most likely become mainstream though but they need to address the computing/electricity challenges it creates.


Crypto currency investing is very speculative at best because it's not based on any real underlying asset and doesn't generate cash flow like companies do making it hard to value.

Thank you comment icon Richard - Thank you for your answer. We need more advice like this, now more than ever! There are more than 1k unanswered questions on CV right now. Hoping you'll answer a few more this week! Jordan Rivera, Admin COACH
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Jack’s Answer

Hey Sean, Unfortunately it's literally impossible to See into the future, So i apologize in advance for that answer. I think it really breaks down to your speculation of the future. Here in America, we use Credit/Debit Cards to handle transactions. In Asian Countries like China/ Korea. They simply don't use Credit Cards like we do. The majority of their transactions are done through QR codes transactions through their mobile phones. (Wechat, Alipay, Tenpay) This is their cultural norm, Asia Definitely still has Credit cards services. However it is simply not the norm.


Therefore if you thinking about the future of Crypto It is extremely important to look at it in a broader Context, Even understand the worlds view. Nobody knows if Crypto will replace Traditional Fiat money. That is something we need to observe and simply watch how it plays out. But I do believe in the Underlying technology, which is Blockchain. Which Core value is simply "Trust". I look forward to the future, As a 25 year old man in Information technology. I believe It's up to us. The next generation of leaders to build the 5th industrial revolution.


I first heard about Bitcoin as a freshman in High school, My friends and I traded and used these coins for video games. such as Runescape, Maple story, even counter strike. Back then, a single bitcoin was around $5. Today it's significantly higher, almost $4,000 per coin. I also invest in multiple Crypto Currency

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Liuv’s Answer

No Crypto will never reach its full potential because of Governments. World Governments don't like this very much. What country wants to give up their currency for a digital worldwide currency, this would decentralize things! What you do is day trade? Swing trade? Investing? Stocks and crypto so you become independent, then head to real estate. $10k to $100k is the first goal. Be disciplined. YouTube Zed Monopoly or Zip Trader, they are good guys saw them grow a lot throughout the years.
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kevin’s Answer

The future of cryptocurrency as our go-to money is still up in the air. On one hand, fans love the freedom, safety, and global reach it offers. On the other hand, critics worry about its ups and downs, legal issues, and impact on the environment. Digital coins like Bitcoin and Ethereum are getting more popular, but there are still roadblocks to them being used everywhere. Governments around the world are trying to figure out how to fit these digital assets into their current money rules. The market's swings and risky trading make it hard for cryptocurrencies to be stable, which is key for them to be accepted widely. Tech advances and changing rules might steer the path, but for cryptocurrencies to become the main way we pay for things, a lot of problems need to be solved. Whether digital money will rule the future depends on sorting out these issues and gaining trust from the world's financial systems.

Now, let's dive into the world of peer-to-peer (P2P) crypto exchanges. This is a platform where people can trade digital assets directly with each other. P2P exchanges cut out the middleman, letting users talk and trade straight with each other, unlike old-school exchanges. Beleaf Technologies is a leading company in creating these types of platforms. They're experts in making both decentralized and centralized crypto trading solutions.

Want to learn more? Check out this link: https://beleaftechnologies.com/p2p-cryptocurrency-exchange-development-company
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Bhargav’s Answer

Not private crypto currencies for sure. Every country will bring their own crypto in future which will have central backing
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Shaun’s Answer

Yes, cryptocurrency will become the main currency of the future. As with each passing day, everyone is getting involved in investing in cryptocurrency. There are plenty of tools and platforms through which you can track crypto wallet transactions and one of them is Block Sonar. Block Sonar is the best crypto wallet transaction tracking tool and the simplest way to get information about cryptocurrency wallets & transactions. This tool worked out for me, hope it will be helpful for you as well.
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Srinath’s Answer

Hey! I am going to give an Asian perspective here from India in the times of Coronavirus.

I doubt it because a lot of the countries are currently in Lockdown and the situation seems grave seeing that there is no cure for Covid19 at the moment. People are preferring to have the liquidity with them at the moment rather than invest it in uncertain areas. Plus there are a lot of countries that have banned Cryptocurrency. So I would suggest you to exercise Caution before proceeding here. Try and invest only in traditional avenues at the moment as they are more dependable. Preferably in Government held bonds etc. Support your economy.
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