Don't you all unanimously agree with me that at present we all are thriving in this anthropogenic fostering of abberation and accommodation, Where something or the other keep on funking either to disown or govern human civilisation.

Cryptocurrency the digital embarkment of neo human premises that gained sudden boom in debate and discussion in 21st century, was created in 2008, but with it, disillusionment, uncertainty, hype and scepticism are prominent, though now maturing and demonstrating utility.

Bitcoin being the most famous, after ethereum and xrp, has recorded a decentralized ledger called block chain, i.e. a public database of transaction.  There are myriads of block chain that enable pseudonymity, that identifies that block chains are not in direct nexus to the real world identifiers such as Name, ip address and identification numbers, but not anonymity that do not guarantee that user would be unidentifiable. In the process, individuals are secured by cryptography a process aimed at preventing fraud.

Cryptocurrency is an all encompassing phenomenon in recent years. There are innumerable concerns and worries swirling around the technology and its capacity to disrupt traditional financial systems.

Professor Grundfest concedes that the goal is praiseworthy, but the approach is deeply flawed, as the right infusion for minimizing payment transactions is in vain.

 The benefits includes 

Reducing corruption: With great power comes great responsibility. The 19th-century British politician Lord Acton said it best: “Power tends to corrupt, and absolute power corrupts absolutely.” Cryptocurrencies aim to resolve the glitch of absolute power by distributing power among people or, and members of the network. Eliminating extreme moneyprinting : Governments have central banks, and central banks have the ability to simply print money when they’re faced with a severe fiscal lacunae. This process is also called quantitative easing.  Giving people charge of their own money: With traditional cash, you’re basically giving away all your control to central banks and the government. If you trust your government, that’s great, but keep in mind that at any point, your government is able to simply freeze your bank account and deny your access to your funds. in the United States, if you don’t have a legal will and own a business, the government has the right to all your assets if you pass away. Some governments can even abolish bank notes the way India did in 2016. With cryptocurrencies, only you can access your fund.no middleman: With traditional money, every time you make a transfer, a middleman like your bank or a digital payment service holds some share of it. 

During the 2017, Bitcoin hype, a lot of misconceptions circulated. These myths may have played a role in the cryptocurrency to stumble that followed the surge.  Cryptocurrencies are the best for illegal activities. Law-abiding citizens in corrupt countries can also benefit from them.  

Cryptocurrencies come with their own dunnage ,such as, volatility and lack of regulation. Volatility got especially out of hand in 2017, when the price of most major cryptocurrencies, including Bitcoin, skyrocketed above 1,000% and then came thrashing down. However, as the cryptocurrency hype has deceased now, the price fluctuations have become more predictable following similar patterns of stocks and other financial assets.

According to Dragan Boscovic,"Central bank authorities are busy developing regulations on cryptocurrency. They recognize that digital currencies are native to the digital economy and, as such, are on their way to becoming mainstream in the next 10 years."

Frederick Stephen says

"Way before 2071, the dollar will have more in common with a crypto than with silver or gold, so there is no need to doubt the longevity of encrypted algorithms as stores of value and media of exchange. All money is a form of encryption. It's been that way from the commencement."

Dan Egan, vice president of behavioral finance and investing at Betterment said once 

"Cryptocurrencies like bitcoin have proven their utility for money movement and speculation, and they're another to go away, as well as whether state-actors who view it as a competitor to fiat power will make it even more of a black-market commodity."

Ivory Johnson, certified financial planner and founder of Delancey Wealth Management says "Cryptocurrencies will disrupt traditional finance because one of their most attractive utilities is the ability to efficiently transfer payment across borders with little to no cost, delay or foreign currency fluctuations. With respect to bitcoin, 50 years is a long time and bitcoin could either become the world reserve currency or the next AOL that made a lot of people wealthy "

Crypto comes with its pitfall. It's unstable. It’s true—crypto is about as hot tempered as a 12-year-old. Its value mushrooms way up, only to blot down.  Someone claps their hands and the price drops! Investing in cryptocurrency is perilous. A recent study by Piplsay shows that 50% of Americans think investing in cryptocurrency is safe. Fifty percent!

Cryptocurrency comes with its unknowns. Ignorance makes everyone vulnerable and deplorable . if we can’t explain our investments to a 10-year-old, we have no business investing skills. We are setting ourselves up for a humongous predicament .

Cryptocurrencies have an unproven rate of return. There just isn’t ample particulars, to create a long-term investing plan based in this decentralised chamber. We can't play blind poker with our financial future here.

Not everyone is a believer of digital currencies

But as you might imagine, not everyone is onboard with the crypto-maniazim. Warren Buffett

believed bitcoin was a "mirage", commenting that bitcoin amounted to nothing more than a means to transmit money, much in the same way as check does. "The idea that it has some huge intrinsic value is just a pun in my view," said Buffett. an Chase CEO Jamie Dimon has referred to bitcoin as a "fraud" and "worse than tulip bulbs," which refers to the 17th century short-term bubble in tulip bulb prices in Europe, saying that bitcoin "won't end well." digital currencies, are even illegal in a half-dozen countries: Bolivia, Bangladesh, Nepal, Morocco, Kyrgyzstan, and Ecuador. And there's the genuine possibility that this list may grow. For instance , Russia has been considering banning payments made in cryptocurrencies. 

The Internal Revenue Service (IRS) expects one to pay tax on our web made profits, and it's doing everything in its potential to make sure that happens.

Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.

The most primary feature of it is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government prerogative and intervention.

Satoshi Nakamoto, the unknown inventor of Bitcoin, never intended to invent a currency.in his announcement of Bitcoin in late 2008, Satoshi said he enlarged “A Peer-to-Peer Electronic Cash System."

 “It is that narrative of human development under which we now have other fights to fight, and I would say in the realm of Bitcoin it is mainly the separation of money and state.” 

– according to Erik Voorhees, cryptocurrency entrepreneur.

"Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” – as per Thomas Carper, US-Senator

The Bitcoin system is considered the first blockchain — the epiphany that launched the blockchain industry that proponents say will revolutionize money, and government.

The sphere of cryptocurrency, an airdrop means a marketing stunt that focuses on sending small amounts of the coins or tokens to wallet addresses of active members of the blockchain community. The primary aim of this exercise is to create an awareness of the neo digital currency. A legitimate crypto airdrop will focus on promoting the cryptocurrency and would never seek a financial investment. Cryptocurrency trading is the act of speculating on cryptocurrency price movements via a CFD trading account, or buying and selling the underlying coins via an exchange. Cryptocurrency mining is the process by which recent cryptocurrency transactions are checked and new blocks are added to the blockchain. Leverage means gaining exposure to large amounts of cryptocurrency without having to pay the full value of your trade .

The world is clearly divided when it comes to cryptocurrencies. On one side are supporters such as Bill Gates, Al Gore and Richard Branson, who say that cryptocurrencies are better than regular currencies. On the other side are people such as Warren Buffet, Paul Krugman, and Robert Shiller, who stand at the other continuum. Krugman and Shiller, who are both Nobel Prize winners in the field of economics, call it a Ponzi scheme and a means for criminal activities. In the future, there’s going to be a dispute between regulation and anonymity. Since several cryptocurrencies have been linked with terrorist attacks. The main emphasis of cryptocurrencies is to ensure that users remain anonymous. Futurists believe that by the year 2030, cryptocurrencies will occupy 25 percent of national currencies, which means a significant chunk of the world would start believing in cryptocurrency as a mode of transaction, though that doesn’t look accurate at all. So we can invest it, but before we need to test in. 

As, "The facade of bitcoin bits is disguising us from pragmatic investment utility, 

It looks draconian, discrepant at present, 

The crypto cycle is often immune to massive gains or huge vains, 

Playing with the wealth of people and psyches of infinite innocents."