Cryptocurrency and Bitcoin Predictions from Experts
Added on 2023-06-03
12 Pages3128 Words192 Views
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CRYPTOCURRENCY 1
Report On Fertility Analysis
Name of Author
The Name of the Course
The Name of Professor
Institution Affiliation
City
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1
Report On Fertility Analysis
Name of Author
The Name of the Course
The Name of Professor
Institution Affiliation
City
Submission Date
1
CRYPTOCURRENCY 2
INTRODUCTION
A cryptocurrency is a digital asset formulated to be used as a medium of exchange just
like money that is used as a strong cryptography to enhance control, transactions and it creates an
additional unit and enhances the transfer of assets. They are used as an alternative currency and
digital currency i.e. uses virtual currency.
Almost all Cryptocurrencies aims at utilizing decentralized control. The decentralized
control of the cryptocurrency works with supplied ledger technology, like a typical blockchain
which works as financial transaction databases for the public. A decentralization process is
whereby the actions of a company, mainly those involving decision making and planning, and
the distribution comes from the central authoritative location to others. Decentralization concepts
have been used in management science and group dynamics to disciplines such as public
administration, law, administration, political science, money, private businesses, and electronics.
A cryptocurrency is a form of a digital asset. A digital asset is something that exists in
binary format and also has a right. Data that lack the right are not regarded to be assets. Its
examples include but are not limited to electronic mails, word document, animations, logos,
spreadsheets, illustrations, and their respective metadata. The is an increase in the number of
different types of digital assets due to the increasing number of devices utilized for digital e.g.
smartphones. A digital asset is a form of management that portrays an intertwined structure
comprising of both hardware and software and/or other services in order to edit, manage, ingest
and organize the respective digital assets. These possess money or specific sentimental value,
and because digital assets represent the goods sold by a business or they themselves are among
2
INTRODUCTION
A cryptocurrency is a digital asset formulated to be used as a medium of exchange just
like money that is used as a strong cryptography to enhance control, transactions and it creates an
additional unit and enhances the transfer of assets. They are used as an alternative currency and
digital currency i.e. uses virtual currency.
Almost all Cryptocurrencies aims at utilizing decentralized control. The decentralized
control of the cryptocurrency works with supplied ledger technology, like a typical blockchain
which works as financial transaction databases for the public. A decentralization process is
whereby the actions of a company, mainly those involving decision making and planning, and
the distribution comes from the central authoritative location to others. Decentralization concepts
have been used in management science and group dynamics to disciplines such as public
administration, law, administration, political science, money, private businesses, and electronics.
A cryptocurrency is a form of a digital asset. A digital asset is something that exists in
binary format and also has a right. Data that lack the right are not regarded to be assets. Its
examples include but are not limited to electronic mails, word document, animations, logos,
spreadsheets, illustrations, and their respective metadata. The is an increase in the number of
different types of digital assets due to the increasing number of devices utilized for digital e.g.
smartphones. A digital asset is a form of management that portrays an intertwined structure
comprising of both hardware and software and/or other services in order to edit, manage, ingest
and organize the respective digital assets. These possess money or specific sentimental value,
and because digital assets represent the goods sold by a business or they themselves are among
2
CRYPTOCURRENCY 3
the goods being sold, hence their value almost always increases according to the quantity of their
usage.
A cryptocurrency is also a form of digital currency. A digital currency is a type of currency
available in a digital manner. (As opposed to physical mechanisms such as notes and coins). It
has properties similar to digital currencies but has the capability of allowing for immediate
transactions and borderless transfer of ownership like virtual currencies and cryptocurrencies.
These currencies can be useful in buying and selling commodities but may be restricted to
certain communities such as for inside an online site or even a social media network.
LIST OF TWO MAJOR CRYPTOCURRENCIES
Bitcoin
Ethereal
There were over 1600 cryptocurrencies over the internet as by August 19, 2018. These
numbers have grown due to huge profits they are making gradually (Satoshi 2017).
Bitcoin currently is the largest blockchain network followed by ethereum, Ripple, Bitcoin cash,
lite coin, and EOS. People can make money from cryptocurrency business by Day-Trading, ICO
flipping (initial coin offering), mining cryptocurrency.
In the recent past, many experts have had negative forecast and ideas concerning
cryptocurrency trade. But this has not come to pass as despite various negative forecasts, the
interests are shot up and fortunes are still being made out of the trade. Some financial experts
have continued and are still continuing to term the trade as one of the huge scams to ever hit the
economic world. Bitcoin’s meteoric has risen in price over the last years and this has awakened
3
the goods being sold, hence their value almost always increases according to the quantity of their
usage.
A cryptocurrency is also a form of digital currency. A digital currency is a type of currency
available in a digital manner. (As opposed to physical mechanisms such as notes and coins). It
has properties similar to digital currencies but has the capability of allowing for immediate
transactions and borderless transfer of ownership like virtual currencies and cryptocurrencies.
These currencies can be useful in buying and selling commodities but may be restricted to
certain communities such as for inside an online site or even a social media network.
LIST OF TWO MAJOR CRYPTOCURRENCIES
Bitcoin
Ethereal
There were over 1600 cryptocurrencies over the internet as by August 19, 2018. These
numbers have grown due to huge profits they are making gradually (Satoshi 2017).
Bitcoin currently is the largest blockchain network followed by ethereum, Ripple, Bitcoin cash,
lite coin, and EOS. People can make money from cryptocurrency business by Day-Trading, ICO
flipping (initial coin offering), mining cryptocurrency.
In the recent past, many experts have had negative forecast and ideas concerning
cryptocurrency trade. But this has not come to pass as despite various negative forecasts, the
interests are shot up and fortunes are still being made out of the trade. Some financial experts
have continued and are still continuing to term the trade as one of the huge scams to ever hit the
economic world. Bitcoin’s meteoric has risen in price over the last years and this has awakened
3
CRYPTOCURRENCY 4
mainstream interest in the very original cryptocurrency. Investing in bitcoin has never been
popular because the prices were looking bullish, but this rise has not been without consequences.
One of the disadvantages of the new investors indulging themselves into the market is the
increased number of scams and frauds, from ICO scandals to wallet theft and fraud. Bitcoin is
one of the newest cryptocurrency robots that has entered the market. It is suitable for both
amateurs and experienced traders as such. The software gives traders the opportunity to invest in
the lucrative field of crypto assets, especially bitcoins generate substantial returns. Despite being
new in the industry, bitcoin profit has been on the rise. It is touted as a genuine and reliable
option for trading bitcoins. People have moved tremendously into the bitcoin market because it is
easy and you don’t have to undertake education or training in this area. The trading system is
quite transparent with its presentation. According to John Mayers, the team guides traders along
their way to financial independence.
BITCOIN PREDICTION FROM VIEWS FROM EXPERTS
According to some experts, these are the kinds of currencies where no one truly knows
what's going to happen and we can't really predict precisely what's going to happen in the future
or near future of the many cryptocurrencies currencies. With bitcoin down more than 50 percent
so far this year, there’s a chance some November investors have triggered (or will trigger) a tax
loss by either selling or trading or spending it. But somehow the tax returns provided are not very
accurate since some anonymous traders do not report their gains or losses (Edge 2017). For
example, the IRS found that from 2013-2015, only 800 traders who are paying the tax claimed
bitcoins profits in each year. The IRS has been constantly saying in the past years that bitcoins
4
mainstream interest in the very original cryptocurrency. Investing in bitcoin has never been
popular because the prices were looking bullish, but this rise has not been without consequences.
One of the disadvantages of the new investors indulging themselves into the market is the
increased number of scams and frauds, from ICO scandals to wallet theft and fraud. Bitcoin is
one of the newest cryptocurrency robots that has entered the market. It is suitable for both
amateurs and experienced traders as such. The software gives traders the opportunity to invest in
the lucrative field of crypto assets, especially bitcoins generate substantial returns. Despite being
new in the industry, bitcoin profit has been on the rise. It is touted as a genuine and reliable
option for trading bitcoins. People have moved tremendously into the bitcoin market because it is
easy and you don’t have to undertake education or training in this area. The trading system is
quite transparent with its presentation. According to John Mayers, the team guides traders along
their way to financial independence.
BITCOIN PREDICTION FROM VIEWS FROM EXPERTS
According to some experts, these are the kinds of currencies where no one truly knows
what's going to happen and we can't really predict precisely what's going to happen in the future
or near future of the many cryptocurrencies currencies. With bitcoin down more than 50 percent
so far this year, there’s a chance some November investors have triggered (or will trigger) a tax
loss by either selling or trading or spending it. But somehow the tax returns provided are not very
accurate since some anonymous traders do not report their gains or losses (Edge 2017). For
example, the IRS found that from 2013-2015, only 800 traders who are paying the tax claimed
bitcoins profits in each year. The IRS has been constantly saying in the past years that bitcoins
4
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