Saturday, January 23, 2021

Investing halal or haram in cryptocurrency?

In the time, cryptocurrency would be the single Internationally accepted and used currency. But before this happens all government and individual cryptocurrency experiments can go until it grows based on Tangible belief. In order to tell this current model of Tangible certainty, new paradigms on economics, wealth and administration need to be explained first. The transaction System, governing structure and Financial structure constitute the three parts of what can be defined henceforth as the 'economic System'. The economic system makes it possible for humans to get together and develop as a country. The development of community induces the development of creativity, which in-turn stimulates the development of productivity. The process then launches the self-reinforcing reverse loop where the increase of productivity so induces the development of creativity, which in exchange stimulates the development of community.

Covesting as the trading material platform is the first platform that available at Cryptocurrency industry trading, the platform offer benefits to investors , too as business dealers with profit sharing method, with 72% details for investors, 18 percent for traders and 10 percent for Covesting structure. This is done when investors make the profit from material trading, and if not make the profit then cannot be dominant for the results. These structures and societies can be mutually beneficial for both dealers, investors and Covesting. Because of this increasing popularity of cryptocurrency and this increasingly massive marketcap of education the structure also has great potential in the future particularly in this structure can create a mutually beneficial ecosystem.

As Bitcoins can soon lift into Segwit and Bitcoin Unlimited, people are easy searching for different cryptocurrencies to put in. This need for diversification of investments has led to people investing and commerce at different alt-coins. Because of this growth in the trading amount of different alt-coins, their value has also increased and people have begun investing in different currencies with hopes of gaining large profits in the end.

Bitcoins are set in world as an endless amount of bitcoins can make worthless the value of the cryptocurrency. The makers of bitcoin have just produced 21 million bitcoins. Bitcoin will be divided into very little fractions. This implies that bitcoin will sustain its solid amount with ease and production power is scheduled to halve in every four years; This further guarantees the value of bitcoin is not lost.

This initial cryptocurrency — Bitcoin — fell into existence in 2008. At this moment, no one had any particular interest in Bitcoin apart from the select few developers. Bitcoin used powerful cryptographic cryptography to make these transactions more safe, created the users' identities pseudo-anonymous and made use of this application called 'Blockchain' .

This investing at Bitcoin turned out to be The moneymaker in 2017-2020. Meantime, more conventional vc's are severely researching investing in crypto-tokens. This began a couple of years ago, with secondary investments. DCG grew wealth at 2015 from Bain Capital Ventures, FirstMark assets, OMERS Ventures, wood HC/FT, and RRE speculation (we're the firm, not the conventional VC) , and today we hold Bitcoin, Ethereum Classic, and Zcash. Large angel investor Naval Ravikant has supported the crypto-fund named MetaStable, and elite VC firms Union Square Ventures and Andreesen Horowitz put in the crypto-fund named Polychain assets.

That is what most of people can think it for. From the geek viewpoint what's significant is this blockchain field behind every cryptocurrency. Blockchain is a safe, distributed means of storing information. Nodes (referred to as blocks) are linked to one another in the chain which produces the self-managed system. Since any transaction wants to be confirmed by some stops, there's hardly any possibility to delete or change what has been made through this blockchain. This seems like a huge opportunity for the whole business sector.

Especially the early adopters. But in all, many things are still unclear about bitcoin. Well, to me at least :) the main reason why I think it's worth considering bitcoin is that it can be used to store money and other digital assets. If you want to buy something online, you can do so with bitcoins. If you want to sell your house, then you can do so with bitcoins. Bitcoin is not just a digital asset. It's also an asset of value. 

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