The initial cryptocurrency which makes the existence was Bitcoin that has been created on Blockchain technology and probably it had been launched in 2009 by a mysterious person Satoshi Nakamoto. At the time publishing this website, 17 million bitcoin have been mined and it's believed that complete 21 million bitcoin could be mined. One other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Social and difficult forks of Bitcoin like Bitcoin Income and Bitcoin Gold.

It is advised to binomo never to set all money in one cryptocurrency and stay away from trading at the maximum of cryptocurrency bubble. It's been observed that cost has been abruptly slipped down when it's on the peak of the crypto bubble. Since the cryptocurrency is really a unstable industry therefore customers should spend the total amount which they are able to afford to get rid of as there is no get a handle on of any government on cryptocurrency as it is a decentralized cryptocurrency.

David Wozniak, Co-founder of Apple predicted that Bitcoin is a true gold and it will master all the currencies like USD, EUR, INR, and ASD in potential and become worldwide currency in coming years. Bitcoin was the initial cryptocurrency which came into existence and afterwards about 1600+ cryptocurrencies has been presented with some distinctive function for each coin.

Some of the reasons which I have experienced and want to share, cryptocurrencies have been created on the decentralized system - so users don't require an alternative party to transfer cryptocurrency from one location to some other one, unlike fiat currency where a user need a platform like Bank to move income in one account to another. Cryptocurrency built on a very secure blockchain technology and almost nil opportunity to crack and grab your cryptocurrencies and soon you don't reveal your some important information.