This is one of the contentious issues surrounding digital currency. cryptocurrency does not have a guarantee should the market fail.
Before we delve into the core topic of this article, let’s first take a look at the importance of guaranteeing currencies.
Cryptocurrencies are based on a mathematical science which creates a public ledger and records all transactions in a block-chain. Transactions made in digital currencies like Bitcoin are ‘mined’ by using complex mathematical problems based on algorithms.
If a cryptocurrency is the ‘alpha’ of monetary systems, a cryptocurrency would be considered as the ‘uber-alpha’. The benefits of a cryptocurrency outweigh those provided by an investment that has no fall back. And by a significant measure. Let us take a look how.
Zero Dependency on Government Stranglehold:
Governments usually manipulate currencies based on whims and change of policies in order to fulfil certain criteria and show economic growth on paper. The reasons can be numerous. But the end result hurts investors, businesses, ordinary folks and the economy as a whole.
An honest currency like GoldBitsCoin, or any other cryptocurrency that is completely something real , cannot be subjected to government policy because digital transactions are peer-to-peer reviewed in an incorruptible blockchain and eliminate the risk of fraud and market manipulation.
Significantly Low Volatility:
The problem with fiat currencies is that they are so volatile that currency investors and businesses are always on tenterhooks of uncertainty. Stockscan dip or rise. This volatility is caused by a myriad of factors, but mostly due to unreliable US dollar which is manipulated to change the value of the currency.
Retains The Asset Value, Despite A Dip In Demand:
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