Should You Buy Cryptocurrency?

What is Cryptocurrency and How Does It Work?


Cryptocurrency has been one of the most controversial topics. The question is whether or not it is a smart investment. One thing I can say is that Crypto is not going anywhere and its here to stay. One of the most popular Cryptocurrency is Bitcoin. Bitcoin is an agreement network that allows the payment system to be completely digital like having cash on the internet allowing you to make any transaction. Every time you purchase or exchange Cryptocurrency with someone the network is sharing a public ledger called "block chain". This ledger has every transaction that has ever been processed in which then allows the computer to verify and validate each transaction. The authenticity of each transaction is protected by a digital signature that sends addresses allowing users to have full control of sending any Cryptocurrency from their computer address. Cryptocurrency is comparable to the internet,  no one owns it which means no one can change the protocol, so because of this many businesses and institutions are getting on board with Crypto. 


One of the things that is making Cryptocurrency grow is that in many countries and businesses they are accepting Cryptocurrency as payments. More than 60 countries around the world accept some form of Cryptocurrency payments. This has led businesses to innovate new business practices accepting some form of Crypto payments. On 11/12/20 one of the most used payment system on e-commerce platform PayPal announced that you can now buy and hold Cryptocurrency in the U.S. That's not all! PayPal is also planning to increase Cryptocurrency utility by making it available as a funding source of purchasing at its 26 million merchants worldwide. There are many platforms that offers you the option to buy and sell Cryptocurrency like Square(cash app), Coinbase, Bitstamp, Robinhood and many more. But like any investments you should do your research to understand the kinds of investments you are making when buying any type of Cryptocurrency. One thing we know is how volatile Cryptocurrency is and by understanding it you can form a plan of investment where you can feel more tolerant to the swing moves of Crypto.   

If you haven't opened an investment account click on Robinhood and get a free stock when you sign up. Robinhood also allows you to buy and sell Cryptocurrency. 

Click on Coinbase a platform that allows you to buy and sell Cryptocurrency. 

The number one rule is always do your own research before making any investment!!







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