The main stage to realize about "crypto" is that though it really provides a purpose (cross-border transactions through the Internet), it doesn't give any financial benefit. In other words, its "intrinsic value" is staunchly limited by the ability to transact with other people; NOT in the storing / disseminating of value (which is what many people see it as).

The most crucial point you'll need to understand is that "Bitcoin" and the like are cost sites - NOT "currencies" ;.This will be included deeper in another; the main point to understand is that "finding rich" with BTC is not a case of offering people any better economic standing - it's simply the procedure of being able to buy the "coins" for a low cost and provide them higher.

To the conclusion, when considering "crypto", you'll need to first understand how it really performs, and wherever its "value" really lies... Decentralized Cost Networks... As previously mentioned, the key thing to remember about "Crypto" is that it's predominantly a decentralized cost network. Think Visa/Mastercard minus the central processing system.

That is crucial as it highlights the actual reason why folks have WooCommerce Cryptocurrency Payment Plugin began seeking to the "Bitcoin" proposal deeper; it provides you with the ability to send/receive income from anybody all over the world, as long as they have your Bitcoin wallet address. The key reason why this attributes a "price" to the various "coins" is because of the misunderstanding that "Bitcoin" may somehow provide you with the power to make money by virtue to be a "crypto" asset. It doesn't.

The ONLY way that people have already been earning money with Bitcoin has been because of the "rise" in its price - buying the "coins" for a good deal, and offering them for a MUCH larger one. Whilst it exercised properly for many people, it was really based down the "larger fool theory" - basically saying that if you manage to "sell" the coins, it's to a "better fool" than you.

Which means if you're looking to get a part of the "crypto" room today, you're essentially considering getting any of the "coins" (even "alt" coins) which are inexpensive (or inexpensive), and riding their price increases before you promote them off later on. Since nothing of the "coins" are backed by real-world assets, there is number way to calculate when/if/how this may work.