Crypto Assets; The Seed Of Economic Change


With the adoption by governments of various countries and their central banks of crypto assets and other forms of digital currency, the way money is exchanged and used is beginning to transform. Although central banks in developing countries face challenges in keeping up with the ongoing digitization, some have already expressed interest in launching their own cryptocurrency or banking digital currency (CBDC). These CBDCs would be independently issued crypto assets that could be used for financial services. Despite these developments, governments are still debating the potential impacts of introducing a CBDC on overall financial stability in their monetary policy. It is important to understand that as more governments explore their own cryptocurrencies or CBDC it could lead to a new world economic order.


Some advantages of adopting and using cryptocurrencies:

  • High anti-theft security thanks to the blockchain (the technology on which cryptocurrencies are based is intrinsically secure).
  • Elimination of intermediaries. (No more traditional banks, welcome to a fairer and more transparent financial system).
  • State inflation protection.
  • The cryptocurrency market is always open.
  • Greater transparency and freedom compared to traditional financial infrastructures.
  • They have the potential to generate staggering returns on investment by reaching dizzying highs, (although they can also be a downside when they plummet to frightening lows with the same speed).

The technological infrastructure, which was born with Bitcoin, has made it possible for people around the world to use cryptocurrencies for financial transactions and is raising awareness among investors on how they can earn money without relying on banks. Cryptocurrencies are slowly influencing a likely new world economic order by allowing individuals and businesses to benefit from trading digital currencies with minimal third-party intervention. This has allowed many people, who may not have had access to traditional banking services or sources of income, to make investments and earn profits. Cryptocurrencies are revolutionizing the way we pay people and businesses, as well as the way we depend on financial institutions.

However, the downside is that the use of cryptocurrency can also lead to money laundering and other illegal activities, increasing the risk for small businesses or private individuals. The rise in the use of cryptocurrencies by authorities and governments, although very nascent, could cause the value of native currencies to weaken, as a considerable number of companies are moving more towards virtual currencies and digital assets. This change in the use of the currency increases the risk of economic instability because the monetary authorities have less control over financial transactions.


Some risks of investing in cryptocurrencies:

  • Understanding cryptocurrencies requires motivation, time and effort.
  • high speculation.
  • Long-term profitability is not guaranteed.
  • Lots of fraud.
    High volatility (One benefit and one disadvantage at a time).
  • Cryptocurrencies are a young market, they have not yet proven to be a good long-term investment.
  • Still have scalability issues.

More and more governments and central banks are recognizing virtual currencies, such as Bitcoin, as a legitimate form of payment because it maintains an online ledger that records transactions. This enables a decentralized payment structure that provides data organization, network security, and privacy for users. Cryptocurrencies have paved the way for a whole new world economic order in which banks will not always be the main lynchpin in money transmission services.

One of the main advantages that crypto assets are creating, in addition to their use to make payments and store value, is that since they are not regulated by any government or central bank, they would lose the ability to disrupt economies at will, and would enhance financial inclusion. of people without access to traditional bank accounts, the economy as a whole will benefit from greater transparency and security, make it easier for users to hold crypto assets without relying on a third party, and potentially beat inflation by allowing people to store their wealth in an asset that is not subject to the control of governments and banks.


Tools, Platforms and Applications:

Note: Related to the links: what is marked in parentheses are the invitation or referral codes that in some cases are necessary to receive the reward or bonus. The promotions offered by the different tools, applications and platforms tend to vary over time, I recommend that you do your own research.

  • Ledger (553b0c2d2056GHXOZE) | BixBox02 (9qhM1vbhe20FkIPQ) | Ellipal Titan (7114862.6897e230FkIPQ) | Keystone (7115442.43b3fc0FkIPQ) - Some of the best Hardware Wallet or Cold Wallet.  🔐💰 Remember that it is the only place where your crypto assets will be truly safe. 
  • CoinMarketCap  (NELT6UUC) - The world's most recognized website for monitoring crypto asset prices with several very interesting sections (Indispensable tool for traders).
  • TradingView - Charting platform and social network (Indispensable tool for traders).
  • StormGain  (BNS16466839) - Cryptocurrency Exchange - Very useful especially for beginners because they can start without investment and without risking their own money. Upon registration you receive a bonus of ~3 USDT. The capital is acquired with the Bitcoin Cloud Miner. Go to the Bitcoin Cloud Miner section, click the green Activate button to get your first mining reward, repeat the operation every 4 hours, withdraw when you reach $10 (in BTC). The capital obtained in mining will be used only to invest in the platform, the profits obtained by the operations if they are withdrawable to the portfolio of your choice.
  • QuantFury (JRRU2593) - Cryptocurrency Exchange - After registering, you receive free cryptocurrencies or a share of a company (such as American Airlines, Uber, Apple or directly Bitcoin or Ethereum) worth up to $250
  • CoinInn (2x9ygk) - Cryptocurrency Exchange - Upon registration you receive a bonus between $500-$750, non-withdrawable, only for trading, valid for 6 days, profits are withdrawable to the portfolio of your choice.
  • KuCoin (rBPYVZS) | BingX (GHXOZE) | CoinEX (85eqt) | MoonXBT (z3v6ho) | BiBox (0FkIPQ) | PrimeXBT (526609) | BitYard (kZnnxp) - Cryptocurrency Exchanges (After registering on the platforms you begin to receive different types of bonuses).

“Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle" - Criss Jami (existentialist philosopher, poet, essayist, musician, singer, designer and lyricist).

"Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth" - Marcus Aurelius (Roman Emperor).
"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.

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Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.

 

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CryptoEntrepreneurs
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Trader, entrepreneur, freelancer, enthusiast and promoter of globalization, adoption and understanding of cryptocurrencies and new information and communication technologies (ICTs)


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“Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle." Criss Jami (existentialist philosopher, poet, essayist, musician, singer, designer and lyricist). | "Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth". Marcus Aurelius (Roman Emperor).

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