Introduction: To Purchase Cryptocurrencies
The first cryptocurrency which comes into the existence was Bitcoin which was built on Blockchain technology and probably it had been launched in 2009 by a strange person Satoshi Nakamoto. During the time writing this blog, 17 million bitcoin have been mined and it is believed that total 21 million bitcoin could possibly be mined. The other most widely used cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin like Bitcoin Cash and Bitcoin Gold.
It is advised to users not to put all money in one cryptocurrency and stay away from investing at the peak of cryptocurrency bubble. It's been observed that price has been suddenly dropped down when it is on the peak of the crypto bubble. Since the cryptocurrency is a volatile market so users must invest the quantity which they can afford to lose as there's no control of any government on cryptocurrency as it is a decentralized cryptocurrency.
Steve Wozniak, Co-founder of Apple predicted that Bitcoin is a real gold and it'll dominate most of the currencies like USD, EUR, INR, and ASD in future and become global currency in coming years.
Why and Why Not Purchase Cryptocurrencies?
Bitcoin was the first cryptocurrency which came into existence and thereafter around 1600+ cryptocurrencies has been launched with some unique feature for each coin.