Focussing On Evergreen Content: What Is The History Of Crypto, The Hopes Of Crypto Mass Adoption In The World Economy

The theory of Cryptocurrencies is still complex and complicated to most of us who use them. One of the things which is still boggling our mind is the History of Crypto, why crypto should be used as legal tender while we have papper money and coins in circulation in the World market, why do we worry ourselves creating digital or visual currencies traded online that people still have misconception and preconceived their usage to be scams.

Yes, if new technology is introduced because many people would have little knowledge to operate it, the problem of it usage is high. It takes a lot of before people realize how beneficial that technology would be very effective. Before any technology is established and useable, it would be tested and be at a beta stage for even years. There is always thoroughly studies and review to test how efficient and effective it stands to solve human problems. It would have a well planned structured by the developers and node creators before it would be sold out for people to use.

In human societies it's likely to happen if people have less knowledge of such technology like crypto Blockchain technology when people have manuvour their ways to dupe people and take huge sum of monies from their accounts. They would have doubts and still be skeptical about how the Future of Crypto would be especially long term investors.

I remember our forefathers traded with Barter system economy. Where means to get different products which you don't have was to exchange with someone who has that item. There was limited or no currency to be used to buy items like food products or provisions. They practiced this Barter trading for long time and became used to it. They experienced numerous challenges when technology came to change Barter system of trading to the use of currencies like paper monies and coins. They encountered a lot of problems with the exchange and the balance left over to be issued. Many people were fed up and thought why didn't they go back to use the old system of Barter trading. Gradually when they used for some time they became conversant with the use of currencies and they have now accepted, the use of currencies are far better that the use of Barter system.

One obvious reason why the use of currencies is better than the Barter trading system was using you valuable item to exchange for less valuable item. Like using your giant bull cattle to exchange for 1 bag of maize grains. Selling one Bull in today's Market can buy ten times of 1 bag of maizes. This was really cheating and the person who is dire need has no option than to exchange.

Who knows if cryptocurrencies are coming to surpass and replace paper money lol 😂. I know my friends here would say it's impossible for this to happen. I agree since in the presence of crypto, we still need paper currency or coin which are physical currencies to be in circulation in the World market. But what I mean here is that, there would a time the legalization of crypto by countries would be more and it kinda be outweighing the holdings of physical monies.

When cryptocurrencies were introduced on Blockchain technology, only few people were patronizing them. Few investors though had money but bought few crypto like Bitcoin which was first to be borne. I think those investors were the people who were closed or friends With the founders and were experts when it comes to scrutinizing the internet, computing or programming stuff. It's obvious that in business terms, those with technology background, finances and marketing who often interact with computing would simply understand things easily and better than a lay man who know nothing about computing or financial trading online.

We would admit there is more transition in terms of adoption of Cryptocurrencies on Blockchain technology than previous days. Even though who knew nothing about internet or computing, just to talk about using this computer to find opportunity in cryptocurrency and trade are now showing interest and taking part in the trading of crypto. The secrete is that, when we take every country where crypto currency operates, there are at least few people who are experts in using computing and internet to trade. These experts are surrounded by friends who are in need of any lucrative investment to make. If they are introduced to crypto Blockchain it compound in building up the cryptocurrencies ecosystem.

Cryptocurrencies can't be stand still since there are new discovery of Cryptocurrencies. More people keep adopting to cryptocurrencies. More opportunities are opening for people. So there are inflow of more cryptos in circulation. Others are using for buying shares or stocks, forex trading through exchange between the retail trader and brokerage firms. Some people are being used for investment in real estate projects, others are using for bonds. So, anything that physical currencies like papers and coins can be used to do, cryptocurrencies are taking these charges. I think this is a good step in the right direction. So, what is your thoughts if more cryptocurrencies are in circulation more than the number of physical currencies in used, what would be the future of crypto? Are there hopes that we can all boast of or a time will come that there will be limited in supply of Crypto in space. Because maybe some Countries who hold more powers would shield or suppress their usage in World market.

Yes, this is another area which has generated concern and interest by many people. Most Countries do not want to legalize cryptocurrencies in their Countries simply due to the fact that the use of Cryptocurrencies in their countries may be popular than their native Currencies. Would this affect the circulation of crypto! In some way yes; and another way no! When it comes to this, we are looking at certain Countries who hold the Global Economy, when it comes to monetary stability and moreover when it comes to pumping of money. For my opinion, I'm thinking about the major currencies which are traded World wide for buying goods and accepted by majority of investors.

Three (3) major currencies are noted, The US Dollars, Euro and the British Pounds. For instance the US Dollar is described being "Safe Haven" currency legally accepted to be used World wide for trading and other investment, due to the fact that it's highly liquid and stable. Most transactions are quoted in the US Dollars. Currently the Euro, British Pounds, Swiss Frans and Japanese Yen are also trending in terms trading and their usage. If these highly developed countries accept the usage of the crypto it means crypto is going to be strong.

There are also other developed countries that are highly populated and well built infrastructures. For instance China is highly populated World wide with well resourced infrastructure. Many people in China are into the use of Cryptocurrencies since the Country has accepted for people to trade with Crypto. Due to their population and highly developed economy, there are much inflow of Capital that investors have huge funds to invest in crypto. In such case if they support the use of crypto for transactions and investment, it's boing to help promote cryptocurrency.

What do people think, would crypto lose it value? I don't think this is possible. Cryptocurrency is new and fresh it hasn't reach it peak. Now, more cryptocurrencies coins are evolving daily. Empowering Blockchain more would tend to empower the use of crypto and vise versa. Despite the fact that there are many people who are involved in cryptocurrency growth, there are also people who haven't join the Crypto, but would join later after the get crypto concept right. As many people join, there would be more pump in the crypto market.

There are other people who also have the view that Crypto should remain as it's with few people so that the supply would be minimal. Do you agree with this perception? Other people are with the view that Bitcoin was traded higher when there were only few people who knew Bitcoin. But, I think is rather the early adopters who first saw bitcoin to be valuable and took advantage in those days, bought and Hodl. They are now holding huge bitcoin today. I believe that if there are more people investing in cryptocurrency, definitely there would be quick circulation in terms of buying and selling which would turn to move the crypto market.