About executium

Cryptocurrency is a familiar term these days. Since it's inception in 2009, with the first coin being Bitcoin, created by Satoshi Nakamoto, there has evidently been a great increase in interest of cryptocurrency trading worldwide.

It was not until 2013 however, that most investors around the world began to genuinely pay attention to cryptocurrency, and their enthusiasm for Bitcoin specifically, is what led to this digital currency being valued and briefly traded for prices higher than Gold! The digital currency received so much traction that 2013 was known as the 'year of the Bitcoin.'

In 2014, we saw increased trading of cryptocurrency such as Bitcoin, especially in parts such as South America, where the trading of bitcoin from 2014-2015 grew drastically by a whopping 510%. The investors buying would then transfer their digital currency to US dollars to maintain the value. This led to countries such as Argentina putting a cap on just how much one can convert to US Dollars.

This rise in interest caused a great commotion in different countries all attempting to regulate Bitcoins value in the respective countries, some being China, Germany etc. Over the recent years, however, we have been seeing a continuous decrease in not just the cryptocurrency Bitcoin, but also the other ICO's (Initial Coin Offerings) that have been introduced into the market such as Ethereum, Ripple etc. Many analysts believe that the price fluctuations are as a result of investors buying into the cryptocurrency, and 'panic selling' when they feel the coin is going to decrease in its value within the next three hours.

Despite the decrease in value, it is safe to say that the introduction of Cryptocurrency as well as the different functions each ICO (Initial Coin offerings) such as Ripple, Dash coin etc, mean that this industry is only going to get stronger. We can see a positive future in the world of cryptocurrency, one that will only lead to greater advancements in technology, beneficial to the investors as well.

Cryptocurrency is an apt vehicle to lock in your money for a few years for safekeeping and generating some income out of it. But, when you buy cryptocurrency, you invest in a virtual currency market that is well-known for its volatility. Many argue that this virtual currency market has made mammoth profits to the crypto-crazy investors due to the dotcom bubble.

Taking this view to be true, we should also consider the fact that the internet has opened doors for many investment options in the recent past. It is true that a layman can't predict the future of the Cryptocurrency market, But, there are few crypto leaders who have made some predictions about Cryptocurrency for the next 5 years.

1. Bitcoin value can grow even more than it has previously. If the price of one Bitcoin can improve over the next 12 months, then we can assume its value after 5 years. It will fetch the investors a very high income. Even though this market is very much volatile, it won't completely lose its value at any point in time. This is because of the volume of Bitcoin traded every day, and the fact that people will never stop wanting more Bitcoin.

2. Vitalik Buterin- the co-founder of Ethereum and Bitcoin magazine opined that the number of Ethereum transactions that the Ethereum network processes is improved through a process called Sharding. It makes the process easier for the Ethereum enthusiasts as it fetches him more money out of his investment, now.

3. Changpeng Zhao: CEO of Binance, one of the cryptocurrencies, said that since many people are adopting these digital currencies we can expect more and more types of cryptocurrencies added to the cryptocurrency family, which means that the cryptocurrency market is going to continue to grow and thrive.

In short, many investors prefer these cryptocurrencies, in spite of the fear-of-missing-out factor, because of the unbelievable hike in the value of cryptocurrencies month after month. The people all over the world, now, get hooked to their computers just to trade on these virtual currencies.