Business, Entrepreneurship and Cryptocurrency

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With the way everything is evolving around blockchain technology it is impossible to say you haven't heard of cryptocurrency or even bitcoin. These days your friend would have mentioned it, perhaps your colleague or you have heard it on the business news. It is almost like the age of the traditional buying of physical goods and selling them would disappear with the rate at which people are migrating and becoming crypto billionaires and millionaires. Rather than the usual rush to create the most innovative technology most creators are occupied with how to create the next best altcoin perhaps even better than bitcoin. While some might argue that is impossible I would suggest they hold that thought because the crypto space is highly volatile and one should expect anything.

For the smart ones who know they can't afford to start their own blockchain technology or their own altcoin they have taken advantage of the need in the space. With the surge comes newbies and the need to learn how this space works, creating job and wealth opportunities for teachers who take advantage of YouTube and other teaching platforms to make their money. If you have ever tried to join a crypto class you'll understand just how much these people are making because even the average class is quite expensive.Next we have the professional traders who people copy or give money to trade for them since they are better and so gain certain percentage everytime profit is made. We also have the peer to peer traders who have taken advantage of the ban in certain countries to become wealthy in countries like Nigeria.

While more coins are being listed it is certain that we haven't seen the end of blockchain technology just yet an assurance that more business opportunities as well as wealth opportunities would spring up as well. This might not sit well with some people because it could affect the traditional currencies as well as other investment due to the surge and preference in comparison with other investments. For some countries who frown at the technology and all it stands for, going as far as banning it has closed the door on great opportunities for their citizens as well as their economy. Benefiting the crypto black market in these countries because traders don't have any choice but to buy from them.

Even with the surge in cryptocurrency investment it is very unlikely that it would affect other investments like real estate because people can't live on the blockchain. They still need a roof as well as food, clothing and luxury items to show off. Cryptocurrency is just a new and important factor that every business should consider and take advantage of to help their profit as well as reputation grow. It is certain that blockchain technology will transform the way people transact around the world pretty soon and so it is important that as business owners you start laying the ground work in incorporating it into your business especially as a payment option.



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4 comments
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Hi @valchiz
Cryptocurrencies arrived to stay and join commercial transactions, it's only a matter of time.
Happy weekend.
Regards

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