Since the beginning of the world's first bitcoin in 2009, until now, cryptocurrencies have completely entered the public eye. In 2017 alone, the total market value of cryptocurrency exceeded US$600 billion, an increase of more than 33 times, of which only Bitcoin's market value exceeded 13 times in one year. Now, the total market value of cryptocurrencies is still growing.
Bitcoin is still the largest cryptocurrency by market capitalization, still leading the market with a total value of about $137 billion. When bitcoin prices plummeted, other cryptocurrencies were not spared. Generally speaking, money is the product of economic and social development to a certain stage, and it develops with the development of economic development and social organization.
In the past few months, the cryptocurrency market has been hot. You may think that just a few months is not a big deal, but considering the cryptocurrency is developing so fast, this bear market that lasts for months is obviously not a temporary crash. This is a huge adjustment. The potential threat of cryptocurrency has caused the market to fall all the way. This is similar to the bitcoin diving in January 2014, which caused Bitcoin's price to slump for a whole year before gradually recovering.
We then summarize the trends in the cryptocurrency market through data analysis of the website citicoins. Conclusion: Investing in cryptocurrency is a huge business opportunity. It is worth investing, but its benefits are directly proportional to the risks, so it needs to be cautious.
Let us take a look at the future development of cryptocurrency.
With the development of the Internet economy, the digital currency of the Internet finance has become a new concept and it is far beyond our expectation of development. We can also feel that the Internet is a revolution that has subverted many traditional industries. In the same way, cryptocurrency is a trend of future development. It can, to some extent, lead to economic development.
Speaking of cryptocurrencies, we have to mention Bitcoin. It is because more and more players have joined it that Bitcoin will appear valuable. In 2012, it has seen explosive growth, which has caused many players to start paying attention to it. The cryptocurrency is really a financial investment.
When considering the future direction of cryptocurrency, we believe in the progress and development of human beings. People are more willing to accept fast and safe services. Those who do not meet today's society will be eliminated. Now in the age of the Internet, it is necessary to have the same kind of work to deal with this environment. In the era of the Internet, traditional banknotes are basically unable to function. People tend to use online banking transactions in transactions. In fact, banknotes of online banking are just a kind of figures. The cryptocurrency forum considers cryptocurrency to be a currency. It is completely tradeable, so the stronger the Internet, the stronger the cryptocurrency will become.
So, the conclusion: the future of cryptocurrency is very promising. When you seize these opportunities, I believe that the future will definitely belong to you.
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