With Bitcoin climbing in price to USD every day more and more people are thinking about Cryptocurrencies, it’s used, and its possible downfall. Bitcoin, in fact, has soared up to 200% this year, which opens up questions such as how far could this currency really be used, and how many people will accept it in their stores. The social aspect of Cryptocurrencies is just the beginning.
For social businesses, It’s yet another method for customers to pay for things, and with the conversion to USD changing literally daily, it’s a lot like playing the lottery or investing in stocks. One day, using Bitcoin as a popular example, they could fall into the hundred dollar range each, only to surge up and past the thousand dollar mark. With this in mind, some people are turned off to the idea of using the Cryptocurrency, along with any others, and some are excited by the idea that they could make hundreds of dollars overnight, maybe even thousands, if there is such a jump.
Many people also tend to believe that there’s no room for growth, but again looking at Bitcoin, the most popular of Cryptocurrencies, it’s clear that that isn’t the case. It’s taken time, but slowly Bitcoin has been being accepted at different online shops, and even now it’s accepted in actual stores when you walk in as payment.
Bitcoin has risen from being a small idea to a large movement, one which has no limit for growth, on a social network, or in an educational field. A Cryptocurrency could be used as a replacement for meal plans for college students, or as a way to teach about online banking to kids in High School, and that’s just the start of its reaches in education.
Another aspect that is often overlooked when it comes to Cryptocurrency is the idea that there is no change
Change is constant from the price per Bitcoin to the acceptance of the currency; the only downside is the roller coaster ride of prices, anywhere between $200-$1700+ for one Bitcoin. There are other Cryptocurrencies out there that can be mined and used, but there is only one that towers above them all, and though all good things fall, Bitcoin thus far has only risen.
Urging people to become more and more innovative with everything they do. There is an app that allows you to mine Bitcoin just for walking, it’s in the beta stages, but they’re opening a shop, and a way to cash out your profits. This is just one example of people becoming more and more innovative when it comes to Cryptocurrencies. They could be used exclusively for groups or at large like our favourite Bitcoin is starting to be.
You could create a Cryptocurrencies for almost anything
There is no end to what you could do with a Cryptocurrencies. Bitcoin fluctuates on a massive level, the market could crash at any second, but it’s being accepted at places all over the country, solidifying the possibility of its survival.
It’s not difficult to set up either. First, you need to understand different Cryptocurrencies and their pros and cons, along with the fact that there are different conversion rates depending on what country you’re in. Secondly, you need to get a secure digital ‘wallet’ which acts just like a regular wallet, it will keep all your digital money in it, for further use. Also, you need to have a plan, especially if you want it to go well, you can buy, sell, trade and grow with a Cryptocurrency.
There you go, now you’re dabbling in Cryptocurrencies, It’s even better if you have the available skills to mine them, allowing you to free up more of the currency into circulation.
Cryptocurrencies are easy to get into, they’re versatile, and growing by the day, resilient even to serious drops in the economy. These currencies aren’t going away anytime soon, in fact, they are likely going to grow until they are an integrated part of our monetary systems, not just on a small scale, but globally. Cryptocurrencies such as Bitcoin are accepted in stores, that you can actually walk into, imagine what it’ll be like, when that is normal.