What currency is being speculated online (Is it true that someone is promoting the speculation of cryptocurrency online)?

08/19/2023 11:26 • Blockchain Buzz • 86 views

What currency is being speculated online? Speculation is common in the cryptocurrency market. Some people see Bitcoin as a scam, a form of virtual currency, a game item, or an investment. What currency is being speculated online?

You can search for what virtual currency is on the internet, such as Ethereum. Some people use this virtual currency for trading and speculation. So, is this concept actually a type of encrypted digital asset? It is actually a simple term: virtual currency. The so-called “decentralization” in blockchain refers to the process of storing data in one place. It means that anyone can create their own website or blog through internet content and upload data to the cloud. However, many current projects do not have practical value just because their content does not comply with existing laws and regulations, making it difficult to promote. In addition, acts such as fundraising through token issuance, like ICO, are also typical cases.If such a situation really exists, either you participate in it or completely exit the market, then tweet and promote that you have been in this field for many years and promise not to charge any fees, but now they are making new attempts.So, is it necessary to take a more serious attitude towards this matter? I still have more confidence in Bitcoin! What benefits can it bring to investors? 1) How to make money?Many people think that the price of Bitcoin will rise, but in fact, the price of Bitcoin is not high, so many people choose to speculate on its market. Therefore, Bitcoin is also called a bubble token. It has been in a range-bound state since September last year until recently when it showed a significant growth trend, even once breaking through the $20,000 mark and then falling to around $42,000. 2) How to avoid risks?When people talk about Bitcoin, they often have doubts: “Do you think it is a token with no value?” “Bitcoin just came like this,” this kind of statement often appears in the minds of the public. This is one of the topics most people discuss- as long as you believe, you can make a profit. But it is meaningless in the real world.As a virtual commodity (virtual item), the secret behind Bitcoin is the ownership it possesses. According to the information set in the Bitcoin white paper, each Bitcoin contains a supply of 21 million units. Due to the limited supply and scarcity of Bitcoin, the supply limit of Bitcoin is a huge restriction that makes it difficult for miners to profit effectively. “If you hold a large amount of Bitcoin, the amount you mine will decrease over time.”Bitcoin is not purely for speculation, but it uses technical means to provide a trustworthy and anonymous platform for the entire society. Although the current price of Bitcoin is much higher than its previous high point, we can see that its fundamentals are indeed undergoing significant changes. The bull market in 2017 has affected the confidence of many people.

Is there really someone promoting cryptocurrency speculation online?

Recently, there are people online promoting cryptocurrency speculation, claiming to be operating an investment product or a trading platform and exchange for virtual currencies. These individuals say, “The blockchain projects I discuss have nothing to do with speculation,” and they ask investors to transfer funds to other digital assets for operations. “If you want to buy Bitcoin, Ethereum, and other digital currencies through my profile, you need to register an account with your own wallet, and then your password will be secure.”

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