Summary:Cryptocurrency is an open-ended payment system that allows people to transmit money without any intermediaries but with strong security features. In place of credit cards, banks transfers or cash you can now purchase and pay for goods or services using cryptocurrencies. Controversies are still surrounding emergence and growth of cryptocurrencies as means of payment though they are gradually becoming very popular. Below are trends potential investors should consider before diving into the crypto world.
The disparity in resource distribution has seen the world devise various methods to try and mitigate this and get something for the less fortunate. The rich, however, continue to enrich themselves and hence the slogan, ‘it takes money to make money.' The rich have come up with a trick to do this by creating credit facilities and lending out their surplus to the poor for a cost of course.
The President of the Highland Capital Management, Mr. James Dondero anticipates a better 2016 in the United States Stock Market. The August-October hiccup in 2015 shifted the positive attitudes on most investors to a mentality of a risky business this year. Despite the comeback from the short-lived lows, a cloud of uncertainties still covers the previously optimistic capitalists.
George Soros is a self-tailored billionaire who has been making a great impact in the stock market. George Soros started his career as an entrepreneur, where he met his lifetime opportunity after predicting the 2008 economic recession. Billionaire Soros has also been helping potential traders by predicting the turn-over of prices in the stock market.