I don't know why people are so afraid of the cryptocurrencies, this is definitely the money of the future, or something similar to this will be made, but I am sure that no one will use in 30 years anything else than this. I made a lot of money on this already, and going to make even more in the future, as I invested in some good potential coins which will grow in the future. I also made some crypto exchanges, in order to have some back up for the coins in which I am not sure about.

Seems dead on to me. I don't understand how people can think that this is a good idea. Except if you are wanting to be shady or a speculator.

I've been trying to learn about it , and I feel I have a long way to go yet , to understand it . That said , historically speaking most international currencies were , established by one family , the Rothchilds . Initially , US currency was backed by gold , held in places like Knoxville , Tenn . Later , that was switched to silver . Now US currency is simply a matter of faith in the monitary system . When a country defaults , their money looses value . It used to be , US currency was valid for most international purchases . That is switching to Chinese currency . Crypto currency , supposedly will maintain it's value , because it's an international currency . Countries won't be able to just print more money , to pay off national debts . You won't be losing money in international money exchanges . If , for instance , I fly to England and convert my US dollars to British pounds , I need to pay a fee , for that service . If I have some pounds I wish to convert back to US dollars , again I have to pay a fee for that service . In small amounts , it doesn't mean much . When you are buying or selling commercial amounts of trade goods , it gets very expensive , and attacks your profits .

It's idea was to give people a Democratic currency instead the power structures took it over for their own uses. It's why big banks bought into it and more.

It's idea was to give people a Democratic currency instead the power structures took it over for their own uses. It's why big banks bought into it and more.

I have a few hundred dollars spread out among bitcoin, ether and litecoin.