11-22-2018, 04:54 PM
@sagher
That's because central banks of countries are worried about local cash get sucked into cryptocurrency like BitCoins and they have no control over it. Thailand and Bolivia had banned these outright. Indian Central Bank has made sure it can't be used in banking system and same in many other countries. Also all cryptocurrencies banned in Pakistan too.
@Vuluts
Well Cryptocurrency prices natural goes up when users believe the currency has secure and has a strong future. Like after hosting companies started using BitCoin people from countries like Iran, North Korea has started using it a lot. They started buying so selling price start going up. Investers who saw this has a future started buying and keeping it so again it helped the price increase. But this is a slow process. Some investors decided to cash their coins with a huge profit. they used a system called pumping and dumping. They started buying like crazy and same time selling. Suddenly there is big spike in buying and selling stats. So people thought prices are really going up so started buying like crazy. This increase was natural and not healthy one either. So now Bitcoins prices slowly coming down to where it should be naturally.
There are currency exchange sites where you can buy and sell many types of Crypto coins.
How to create your own Crypto currency ? Read this article about it
That's because central banks of countries are worried about local cash get sucked into cryptocurrency like BitCoins and they have no control over it. Thailand and Bolivia had banned these outright. Indian Central Bank has made sure it can't be used in banking system and same in many other countries. Also all cryptocurrencies banned in Pakistan too.
@Vuluts
Well Cryptocurrency prices natural goes up when users believe the currency has secure and has a strong future. Like after hosting companies started using BitCoin people from countries like Iran, North Korea has started using it a lot. They started buying so selling price start going up. Investers who saw this has a future started buying and keeping it so again it helped the price increase. But this is a slow process. Some investors decided to cash their coins with a huge profit. they used a system called pumping and dumping. They started buying like crazy and same time selling. Suddenly there is big spike in buying and selling stats. So people thought prices are really going up so started buying like crazy. This increase was natural and not healthy one either. So now Bitcoins prices slowly coming down to where it should be naturally.
There are currency exchange sites where you can buy and sell many types of Crypto coins.
How to create your own Crypto currency ? Read this article about it
Quote:https://lifehacker.com/how-to-create-you...1825337462