When crypto performs better than the stock market
If you’ve heard the word ‘digital currency’ or ‘cryptocurrency’ over the past few weeks, it’s fair to say you’re probably feeling a bit confused. Cryptocurrencies, in particular, have been a hot topic this week as the debate has grown more heated than ever. Both major parties have launched their own cryptocurrency plans and a growing number of political and business leaders have spoken out against the idea of regulating them. It’s not clear which entity will prevail in this battle for dominance — but whoever does, it will be one that does so with better-than-stock performance. That’s because cryptocurrency does better than most other investments when played exclusively rather than alongside conventional stock market bets. The reason why is quite simple: cryptocurrencies offer a different perspective on reality altogether. Instead of trying to make sense of the money changers around them, digital currencies focus on making sure everyone can transact safely and securely without fear of cyberattacks or other hardship. In other words, they’re much more like stock markets than like central banks or other financial institutions.
What is a cryptocurrency?
A cryptocurrency is any volatile digital currency that has not been issued or long since issued by any particular national or regulatory authority. All cryptocurrencies are not created equally. Some are more valuable than others and some can be used to purchase almost any product or service.
How to buy crypto
There are a variety of ways to buy cryptocurrency, and they all have their pros and cons. The most popular way to buy cryptocurrencies is through an exchange. An exchange is a platform where you can buy or sell cryptocurrency in exchange for other cryptocurrencies. Once you’ve bought or sold the required amount of cryptocurrency, the exchange will refund any funds you didn’t get back. There are many different kinds of exchanges. Some are entirely digital and others are mainly digital assets, like dollars and cents.
The benefits of cryptocurrency
Like all investments, cryptocurrency is likely to increase in value over time. That’s because it’s built around a concept called ‘financial assets’ — money, shares, bonds…