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Bitcoin and Litecoin – Why adaptation is the key to achievement

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  • The awareness designed for cryptocurrencies worldwide is constantly boosting.
  • More and more people regard Bitcoin as being a positive innovation for the economic sector.


Many investors in the crypto market have got entered into Litecoin, Bitcoin or another altcoins in order to achieve the maximum possible profit in the shortest possible period. However , what is often overlooked is the actual blockchain technology and the vision of the particular founders behind the projects. Unfortunately, cryptocurrencies are often connected in the public media with extreme electricity costs, money laundering and terrorist financing. Nevertheless , closer research quickly uncovers that many of these arguments and alleged “ facts” are merely cliches.

Considering that its launch in 2009, Bitcoin has gone through an unbelievable advancement that probably nobody experienced foreseen at that time. Even though Bitcoin is already recognized as a legal way of payment in some countries of the world, such as Japan, the cryptographic market is still in its early stages. In order for cryptocurrencies to be suitable for the mass market, further educational work plus adaptation in many different areas of our own lives are required. As Bitcoin expert Andreas Antonopoulos as soon as put it:

This is not just money for the Internet. This is a new Internet of money.

Usage of cryptocurrencies in everyday life

A recent survey by the research company Blockchain Funds shows that Bitcoin is well known among American citizens. 89 percent of respondents say they know or have heard of Bitcoin.

Furthermore, 43 % of the respondents think positively about Bitcoin and that it is a good innovation for the economic sector. At the end of 2017, this figure was still 34 percent. This development implies that the perception of Bitcoin and cryptocurrencies has considerably improved or intensified. Furthermore, 33 percent of the participants state that they can imagine actually using Bitcoin in real life within the next 10 years.

The adaptation of cryptocurrencies is therefore progressing on a regular basis, even if many advances at first have no visible effect on the cost. We live in a time of radical change and openness to new technologies that can change or strongly impact the financial sector.

More and more companies are recognizing the potential and opportunities that cryptocurrencies offer. The British soccer club Watford FC recently announced that the Bitcoin logo will be printed on the newer jerseys instead of the golf club logo. The company shows support for Bitcoin and might also like to say a big thanks a lot to its fans.

The founder of Litecoin, Charlie Lee, has been invited to a game of the Miami Dolphins, as Litecoin has been chosen as the “ official cryptocurrency” of the sports activities club since July.

In the fan shop Tee shirts, hats and other products can be paid easily and easily with the Litecoin cryptocurrency.

These are just a few examples among many that will help raise understanding of cryptocurrencies such as Litecoin or even Bitcoin and create a new awareness of decentralization and the potential associated with cryptocurrencies.

Education and awareness as a generating scoop for success

Within the first months of 2019 there were almost as many job offers in the blockchain area as in the entire year 2018. This development is proven by a current study of TeQatlas research. In the yrs 2013 to 2018 there is a growth of more than 130 percent. As the number of vacant roles increases, so does the particular salary of the blockchain jobs. The average salary for a blockchain job in the USA is just under USD 105, 000, which is well above the average income of just under USD sixty, 500.

These figures are only intended to illustrate that the demand for “ knowledge” is increasing in this particular sector and that it is therefore necessary to offer and implement suitable educational programs. The American startup Ripple has invested several million in renowned universities in the country to promote the training of junior staff and also to spread knowledge about blockchain around the world.

Currently, a lot of the public media is unfavorable about cryptocurrencies and it will most likely take some further initiatives to bring the true potential and opportunities to the attention of the general public. However , the examples presented show that developments are progressing steadily and that more and more countries, companies and everyone else in the world are recognizing the particular opportunities offered by decentralization and are open to innovation.

While adaptation continues to rise daily, the Bitcoin price is currently moving sideways around the USD 10, 000 mark.

Der Anteil Bitcoin and Litecoin – Why adaptation is the key in order to success erschien zuerst auf Crypto News Flash.