What is Cryptocurrency? Is it wise to invest in Cryptocurrency in 2019?
What is Cryptocurrency? Is it wise to invest in Cryptocurrency in 2019? There was a time when bitcoin was very popular as it had achieved a value of $19783 which is around ₹ 14 lakh. But what is bitcoin? It's a cryptocurrency. Basically cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses blockchain technology and cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. There are many other cryptocurrencies except bitcoin i.e Litecoin, Etherum, Ripple etc. What made their price so high? Actually it was the demand of these Cryptocurrencies. More is the demand more is the price. As the quantity is limited prices was increasing exponentially. Is it wise to invest in these Cryptocurrencies in 2019? Answer is big NO. There are many reasons for that: 1. Many Banks have stopped purchase of cryptocurrencies with their cards Recently, Citibank said that their