About CryptoCurrency

Maybe some of you have heard or made business transactions using Bitcoin.

Bitcoin itself is one type of Cryptocurrency.

Then what exactly is called Cryptocurrency?

Cryptocurrency consists of Crypto and Currency , so when viewed in terms of language then it means " Secret Currency ", because Crypto means Secrets and Currency is Currency . This meaning is somewhat similar to the sense in terms of the term, namely " Currency that is digital and secret ".

So Cryptocurrency is a digital currency (digital / virtual currency) and is also confidential. Of course, because of the digital form there is no physical form, unless you make yourself from gold or other metals with the same value. But although it is not physical, this currency still has value, because it can be used as a means of payment, for example: used to buy a Laptop or Smartphone from Apple using Bitcoin.

The first cryptocurrency made is Bitcoin , so Bitcoin is most famous everywhere . Bitcoin is made by an "Anonymous" named Satoshi Nakamoto . After Bitcoin appears, finally comes another coin-coin called Altcoin (Alternative Coin), Like Litecoin and Dogecoin.

The nature that distinguishes Cryptocurrency from common money is its decentralized and secret nature . Decentralized means that this currency is not regulated by a particular person / organization, including its own maker. So the price can go up and down, can be very expensive and can be otherwise drastically reduced to very cheap.

Cryptocurrency is also confidential, because its name is also "Crypto". Cryptocurrency uses cryptographic methods to secure and keep transactions confidential. Keep in mind that many criminals in Deepweb are transacting using Cryptocurrency because the FBI will not even know someone is making a transaction with any party to pay for something, if using Cryptocurrency.

The natural way to get Cryptocurrency is to mine with a computer, but the meaning of mine does not mean digging something. How to mine the computer is by completing transactions from other users. So like you take care of other people's transactions, then get paid. But this way is very wasteful money; Wasteful electricity costs and must use a good computer so as not to be damaged quickly used to mine. In addition to mine, there are dozens of other ways to get Cryptocurrency.

Digital money is money that can be mined ( minning ) through a series of computer work. Like someone who mined precious metals under the ground. Only a  differentmedium  Crypto Currency is mined in  a  multi-layered multi-layered server. 

According to information, the unique number that exists in crypto currency amounts to 33  numeric digits  that are difficult to conterfelting in   eyebrows are difficult to forge. 

Crypto currency is an alternative currency (currently) designed as a medium of exchange not made by a central bank (government). The value of crypto currency is determined by two things. Demand  and  supply . The number of crypto currency itself is made in limited quantities. So with the limited number of crypto currency then the value becomes likely to move up. 

The first time Crypto currency was present in 2009.  Satoshi Nakamoto  created the BitCoin.  When launched in 2009 the price of BitCoin is only USD 0.1, currently the value of BitCoin has reached USD 1,100. A fantastic number is not it? 

Since the presence of BitCoin in 2009, the development of crypto currency is so fast.Recorded more than 700 types of cryptocurrency in the international market. Of course a development that does not play. 

Crypto currency arises because of a need and technological development. Imagine, the transaction payment system keeps changing. Since the barter system dizaman first then the system of determining the value of gold after it emerged coinage and paper (conventional) then turned into plastic money (credit cards and debit). 

Conventional money tends to decrease in value. In the inflation slug that continues. Try money Rp 1 million in 2010 can buy 20 items of goods, in 2016 money Rp 1 million can only buy 10 items of the same item in 2010. 

One of these trends is what cryptocurrency wants to fight against. The value that continues to rise to cryptocurrency began ogled people. Imagine by buying today it will reap an ever-increasing value in the coming year.

So no wonder if at this time many parties also created cryptocurrency and many parties who learn to mine. A rising value promises a profit. In addition cryptocurrency in the future will be acceptable in merchants and conventional financial institutions. That way the face of the world economy will be affected by the movement of the value of cryptocurrency.

Competition and Legality Aspects 

In Indonesia alone, the cryptocurrency echo began to be heard. Several types of cryptocurrencies such as B itCoin  and O neCoin  also began to penetrate the Indonesian market. With the growing economic level and the increasingly wide middle class in Indonesia is not impossible cryptocurrency market will flourish. 

The problem of the development of crypto currency is the emerging competition of 700 players. Whether competition between crypto currency can lead to unity of international standard aliases or even lead to unhealthy asymmetrical warfare. Mutually mutilating each other. 

Because  demand  and  supply  are the factors of influence. Then each crypto currency will find the buyer (miner) as much. To raise d emand . When the  demand for  a crypto currency is high then the number of crypto currency will also boost up. Then the competition to find buyers (miners) will be fierce. 

Currently crypto currency is still  unregulated  alias there is no regulation from the body or financial supervisory agency. Both international financial institutions and financial institutions in a country. Whether in the next development, crypto currency will become the mainstream financial system which can be a legitimate and official means of exchange. Because true, the currency of a country should also be exchanged with an international exchange rate. 

Crypto currency that enters in Indonesia is made entirely abroad. Regulations in the local state do not   necessarily match the legal regulations in Indonesia. Especially as a digital currancy generated a server. Is there any guarantee the server can last up to tens or hundreds of years. Is the security and confidentiality of data can be maintained. 

Because some crypto currency reported missing stolen person. Includes news use crypto currency for money laundering or other controversy. Do not let the drug dealers, terrorists and tax pengemplang use cryptocurrency as a means of saving their money is abundant.

Is Cryptocurrency the Right Investment Instrument? 

This question becomes important. Because people mine crypto currency certainly want to reap the benefits. True, or not ? It is impossible for people to bother, spend capital but do not expect   a positive return . 

When it comes to Bitcoin that has grown to a high value. So crypto currency is a lucrative investment tool. The development of Bitcoin is considered fantastic because it grows up to a thousand times its original value in 2009. 

It must be known that the value of a crypto currency is not static but moves ( floating ) following  demand  and  supply . So it could be possible that the already high cryptocurrency rates can plunge freely into low numbers. Because of the growing issue it also affects the value of cryptocurrency.

Well, for those of you who want to invest and become a miner of crypto currency should find a lot of information. Learn carefully and closely. Do not be wrong in investing capital (money) to mine crypto currency that even make loss alias stump. 


To get a enrolled for LCFHC click here

like our facebook page for more info: International LCFHC Page

Join our group to get regular update: INTERNATIONAL LCFHC GROUP