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The future of cryptocurrencies.


Hakiza

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Hello Hakiza,

Cryptocurrency is a digital currency whose creation and management is by use of cryptography. Cryptocurrencies have seen their popularity since the emergence of Bitcoin, and other altcoins that keep on emerging are giving heat to this world.
You will find asking before you decide to invest in cryptocurrencies is whether the cryptos will continue to grow in the future, or they will fade away at some point; therefore, you see no point in investing in them. Your questions will mostly be answered by looking at the Bitcoin.
Some economists speculate that the crypto world will change drastically since money from various institutions is entering the market. Others say that cryptocurrencies will primarily sell on Nasqad, therefore, making blockchain more critical and increase its uses in the standard currencies. Several say that cryptocurrency should trade as an exchange-traded fund.
Cryptocurrencies such as Bitcoin are decentralized and use peer-to-peer automation, which facilitates transactions, verification, and currency issuance. The fact that it is decentralized means that you will be responsible for protecting your cryptocurrency.
The value of Bitcoin depends on what price the investors want to pay for it at any particular time. There is an assumption that the market cap of cryptocurrencies might explode over the next few years. The use of Bitcoin is limited to the number of transactions since you can only carry out six or seven operations at a time. This is one reason why Bitcoin can collapse. Also, the verification of cryptocurrencies is energy-intensive than that of the fiat currencies.
Specific limitations that face the cryptocurrency world, such as a crash in your computer, may make you lose your crypto, or at times you may lose it to a hacker can be curbed by using better technology in the crypto world. As cryptocurrencies grow in popularity, the government's interest in them keeps growing, the primary reason why the cryptocurrencies exist may, therefore, fade away. 
Though cryptocurrencies are becoming popular,  they are less known to many people compared to other currencies. They are also more sophisticated as against the relative currencies, which can prevent most people from using them. 
Cryptocurrencies that need to succeed in the future should assure their users of maximum security and also need to be easy to use and understand by the users. Though it can be decentralized, it should have adequate protection and also be able to preserve anonymity. There is a minimum possibility of a cryptocurrency reaching these objectives.
The prediction of Bitcoin's success or failure in dealing with the current challenges it is facing cannot be verified. And its success or failure is what will determine the success of other cryptocurrencies.

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