The word cryptocurrencies has burst in force in the last two or three years. We hear it recurrently in the media and in certain areas of knowledge, especially in the fields related to finance. However, there are few people who, until now, could clearly define what exactly they are, how they can be used, where to buy bitcoin or investing in cryptocurrency and, above all, what types of benefits cryptocurrency represent to their bearers.
In what does seem to have a great consensus is that it is digital currency, that is, we cannot touch it or smell it, but at the same time, it has infinite possibilities of use. In other words, it is a product characteristic of the times of digitalization, Big Data, the development of new technologies and the promotion of new types of world trade. Many understand crypto market as the logical step after the consolidation of virtual money, which at the time was an innovation more or less similar to the one generated by cryptocurrencies.
These innovations are the blockchain, which functions as a public accounting book, universal and not falsifiable. And on the other hand, the proof of work , which works as a network security system. The idea of the matter is that you exchange your physical money for cryptocurrencies and then use them to make transactions. There are two types of users: the investor, who buys cryptocurrencies with the hope that their value increases in the medium or long term to sell them later and obtain benefits; and, on the other hand, the agent, which is the one that deals with exchanging one type of cryptocurrency for another, for example Bitcoin for Ether or vice versa.
Technical analysis can also be a great source of ideas to operate with Bitcoin. The trade with best altcoins to invest in takes place in the virtual market, specifically in a spectrum similar to that of the Stock Exchange. This is where a transfer price is assigned and movements with this currency occur. So, why to wait for, just find the right portal of your choice. For more information, visit this page.