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Cryptocurrency - The Opportunity of a Lifetime
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Cryptocurrency - The Opportunity of a Lifetime
Financial freedom is having enough income to pay one's living expenses for the rest of life without having to be employed or dependant on others.Investing is usually seen as the main source of the financial freedom.
Cryptocurrencies are seen as a potential for achieving financial freedom. This is because they (as well as Blockchain) bring positive changes in realms such as payments, transaction processing, as well as record keeping.
While technology is a driving force behind the value that cryptos bring there is no doubt that a lot of the users are investing into cryptos in order to generate income. And that is asbolutely fair since it’s an early technology so early adopters should be rewarded.
As we have seen many times before Bitcoin grows in cycles and those cycles also affect the price of the other cryptocurrencies. Ultimately however we have observed that in the last 10 years of Bitcoin existence that the trend is up.
The last bullish cycle lasted almost 2 years and ended in December 2017 with a price of almost 20k. Since then the price corrected to
almost 3k in December 2018 - since then it has been quickly recovering
The recovery has been very quick and has been destroying any resistance and main milestones on the way truly showing that the bear market is over. In this video I will look at the indicators on why we can expect significant gains in the upcoming years.
Litecoin halving is happening this year with Bitcoin halving following next year. Halving means decreased supply of the tokens. This usually results in increased demand for the existing tokens which as a result affects the price.
In the past for Bitcoin halving was a catalyst for crazy growth so this is something that is also expected this year.
The second biggest cryptocurrency Ethereum will have a major update calle..
Category | Business & Finance |
Sensitivity | Normal - Content that is suitable for ages 16 and over |
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