The first crypto currency, called Bit-Gold, was created by Nick Szabo; and it was designed and based on an encrypted algorithm that draws its value from the numbers of transactions made on the asset.
That currency was not used or traded enough so it disappeared for a while – until on 2009, Satoshi Nakamoto, a computer programmer’s pseudonym, designed a better algorithm that draws the value from the entire cryptocurrency system collectively, making it an all-around secure asset.
Meaning, to hack the new algorithm, you would need to hack every server that contains the cryptocurrency around the world, which is virtually impossible. This has made Nakamoto’s asset safer than money in the bank- he called it Bitcoin.
Today, there are more than some 1000 different cryptocurrencies and the block chain technology that they are based on is being implemented in almost every bank around the world!
The idea behind cryptocurrencies is to put the power back in the public hands and loosen the banks’ grip on the financial world.
This of course makes the banks less then happy and governments around the world that are aware that they loose the hold on their financial control of their citizens are trying to implement creative ways to stop them.
But, even thou they keep on spreading news to undermine this development the idea spread like wildfire and some of the currencies jumped from few cents to thousands of dollars.
As cryptos are becoming slowly more mainstream the days of making a killing in just a few weeks are pretty well gone, but for those that rode that wave made enormous amounts of money and a ridiculous return of investment.
The moment this took of the cryptocurrency News site, and cryptocurrency exchange providers were popping up as mushrooms.
It seems as if this is the future and it is already here.
How do we know there is not a Cryptocurrency Bubble and everything will come crashing down ?
As you read before, the bitcoin is celebrating 10 years anniversary soon; and just in the last 10 months alone, more than 680 new cryptocurrencies based on the same technology were created.
Think about this , this is a huge amount of companies, developers applications and possibilities.
Add to that the fact that China is banning all cryptocurrencies from the country to keep control in the banks hands by what the finance world is calling “the purge” before the new Chinese crypto’s birth.
Long story short, now is the time and way to take control back from the banks and make money without anyone putting his hand in your pocket.
You are able to trade a number of cryptocurrencies as you were and are able to trade regular currencies like the Us Dollar or the Euro. Those forex brokers that understood that there would be an interest in trading these cryptocurrencies entered this arena with their experience and knowledge and strted to provide this cryptocurrency trading experience to their clients.
One such Broker is CMSTrader
Advantages of trading with CMSTrader:
- More than 132 currency pairs ( focus only on a few and know them well but you have here enough choice )
- You can execute deals with a single click in real time trading. (This saves time and makes it easy)
- Narrow points difference (fixed-variable-ICN), and competitive prices without commissions or hidden fees. (What you see is what you get, makes them trustworthy)
- Direct contact with a room
- The opportunity to change your fortune by earning profit 400 times the value of your account (1:400 leverage).
- Cash flow, execution with a single click, and flow up to a maximum of $ 20 million per deal.
- Daily news and information about the market.
- Access to Forex education resources, get a personal assistant who helps you with learning about the industry
In short this is a broker that will guide you into the industry and if you are already trading they will help you get more out of your activity.