NEW AGE GOLD FEVER

It seems every couple of years we have the headlines like Could Bitcoin Reach $100,000? or A Price Surge Means Optimistic Predictions Are Back. We have a New Age gold fever now. It is called “Crypto.”

Does it mean the enthusiasm for cryptocurrency is back?. Seems that way. It’s not tangible, which is especially useful for Covid times. It is fast and banks which cannot process as quickly need to be worried about the competition. Who will think about a few percent on deposit gains if speculations with crypto can make a fortune?

While some countries are yet unsure about the transparency and legal grounds, others choose this financial tool to help their own people in difficult times. Recently, in Latin America, for example, Venezuela adopted crypto trading amidst COVID-19 quarantine It will be interesting to see how this impacts poor countries, few of whose citizens have bank accounts.

I like the idea some social networks provide to motivate people to create content not only by “likes” which you get on Facebook or Instagram for example but by some coins like this steemit.com network provides.

For me, it is the perfect way to become acquainted with the whole new world of intangible financies without any consequences, as you don’t risk any of your own money. Even though investing in cryptocurrency seems more and more reasonable, thinking about how most people are trapped in bank credits for life, I see this a new field for individuals to try their intuition as definitely nowhere else 100 or 500 percent rise could be expected.