It is difficult for someone not to have at least a dollar in cryptocurrency. These have become one of the most demanded digital financial assets. Its high convertibility and high demand make its profitability increase every second.
If in 2009, someone had said that a unit of Bitcoin, that digital madness that nobody understood, would cost more than twenty thousand dollars, they would have laughed in his face, and they did. Today, the story is completely different, not only for Bitcoin but also for all the altcoins that have appeared since that distant date.
The security offered by sites lik D Coin Trade system, the autonomy of operation away from the clutches of fiat money controlled and managed by governments, have made cryptocurrencies a coveted and highly convertible product.
The opportunity to escape or keep our capitals away from the periodic crises of the financial and banking system, in addition to protecting ourselves from inflation caused by bad government policies, makes these digital assets a high-value financial product.
The allow a sincere and open relationship between the participants. Honesty and real democracy abound on these platforms. The blockchain system or chain of blocks makes impossible the stratagems that usually happen in centralized systems. For example, the creation of unsupported money is very common in the public banking system.
Suppose a politician has trouble financing his management. In that case, he goes to the central bank and requests that they issue more money, this devalues the real value of legal tender, and your savings lose purchasing power with just a sign of a type that does not even you know or maybe you didn't even vote.
Digital currency transaction resolutions
This freedom, of course, makes the powerful uncomfortable. However, people continue to migrate in massive ways to cryptocurrency exchange systems. Also, the possibility of carrying out all your transactions far from the hacienda and the government vultures who only want to bleed you to taxes, makes their skirts wrinkle and.
Although there are still no specific regulations or policies regulating the crypto market, some resolutions have been issued that affect privacy and data more than currency.
Blockchains allow the elimination of location restrictions, limit amounts, and identification. The latter is perhaps the most attractive as it allows you to perform all your movements anonymously. Thus governments should not know what you spend your money on or how much. This is where some laws have placed more emphasis.
The fact is that although it is true, the system could be used for some shady businesses. There are ways to guarantee them without affecting millions of honest users who all want to keep their capital safe and earn profitability.
The digital currency exchanges
Cryptocurrency exchange houses like D Coin Trade work under a system similar to that of any foreign exchange house. You give up your crypto, and in return, they give you fiat money. Market dynamics set the price, and this is what flusters the nerves of many.
The market, supply, and demand, are the queen of the value of cryptocurrencies. No institution establishes a flat or imposed price. It is the users and their dynamics that establish the average price of each of the currencies. It is precisely this dynamic that some regulations have tried to attack without success.