The movement of people from place to place is one of the oldest fundamental aspects of human existence. It is an industry that has grown on its own under a natural design, adapting with every stage of technological advancement.
The cryptocurrency craze is here and it is not going away. Admitted it will have its ups and downs, like now, but the genie is out of the bottle and I doubt that anyone can get it back in.
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Prepare for Much More Cryptocurrency Volatility in The Short Run
Tether was one of the most prominent stablecoins in 2018, but it faltered due to bad practices. Tether is not trusted in the industry because for a time they stopped allowing withdrawals, ceased reporting clear audits of assets and have occasionally failed to maintain enough collateral. Simply put, stablecoins are only successful in the long term if they can maintain a strong level of trust as a regulated asset.
So if cryptocurrencies such as Bitcoin are of interest to you, then should you be looking to buy or trade them? Let’s weigh up and assess the options.
Many people have compared the cryptocurrency industry to the Dot Com Bubble in the early 2000s. Similarities noted typically include the massive rise in valuations, lack of substantial use cases, and large amounts of speculation over the future value of technology.
A defining feature of most cryptocurrencies is that they are distributed in nature, meaning they are not issued by a central authority.
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