Let’s talk about a simple yet important currency valuation perspective; cryptocurrency or fiat.
This valuation approach starts with the interpretation of an essential concept that has been put conveniently within the definition of the word cryptocurrency-a subtle definition that has been lost on many investors, sadly.
Looking at the word cryptocurrency more closely, we see that it is a compound word-that is, two smaller words combined to create a new word with its own meaning:
CRYPTO: a word cryptography abbreviation; the art of writing or solving ciphers and codes;
CURRENCY: something used as a means of exchange; money.
Cryptocurrency is generally defined as a compound word as a digital currency that uses encryption as a mechanism for validating and verifying transactions.
So what is it that lends itself to a new perspective on valuing altcoins within the term cryptocurrency?
What Is Currency?Currency is a medium of goods and services exchange. In short, it’s money, usually issued by a government in the form of paper or coins, and generally accepted as a method of payment at its face value.
In the modern world, money is the main means of exchange, having long since replaced bartering as a means of exchanging goods and services.
A new form of currency entered the language, the virtual currency, in the 21st century. Virtual currencies like bitcoins have no physical existence or support from the government and are traded and stored in electronic form.
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DoggBitCoin.ComIf you want to know the future of cryptocurrencies in particular altcoins, then you do not need to study the meaning of words and what they consist of. The fact is that the vector of the direction of development is determined by the powers that be. I believe that for a better understanding of what awaits cryptocurrencies in the next and subsequent years, it is necessary to follow the information at other economic forums where speakers of countries speak and voice information on the development of human activities. All other information can only be a wish to wishful thinking.
