Article published on April 30, 2019 on ReachCrypto.com
When it comes to cryptocurrencies, price volatility is a sure thing. The value of cryptocurrencies always fluctuates as it’s joined to the purchase of the exact same cryptocurrency. When cryptocurrency coins (both bitcoin and altcoin) are purchased, the value of this cryptocurrency climbs as it becomes more in demand, and the value falls when sold.
The behavior of the marketplace cannot be predicted with security; it’s ordered by sound, forecasts of « visionary users », and above all, by panic sales. When a cryptocurrency suddenly falls in price, traders fear the potential loss of the money and sell their coins along with other monies (cryptocurrencies or fiat currency ). So is it possible to choose cryptocurrencies as a store of value without a huge and constant risk of loss?
Cryptocurrencies can be a means to maximize your wealth, and cannot be categorized as a secure investment (even in the case of bitcoin!), but a reasoned choice may be a massive step towards our economic success. If a money’s value is based on the men and women who buy it and use that, then we select cryptocurrencies more frequently, with users faithful to them, so it is always utilized in more parts of the world over time.
And here comes Liracoin
Liracoin is a community-based cryptocurrency using a strength based around the people who select it and use it to purchase and sell products and services. Liracoin promotes the concept of spendability, where the coin itself forms the major currency for consumers. As opposed to promoting exchanges along with different currencies, something that would make it dependent on them, Liracoin advocates trading and dealing amongst the neighborhood itself. Hence, rather than being influenced by the trickle-down impact that many altcoins and cryptocurrencies view, Liracoin’s strength is dependent simply on the attention its own users contribute to it, how much they use it and by the confidence in preserving it…….