While I was preparing for this theme i was a suprised and at the same time excited about the current prices of Crypto-Coins leaders: Bitcoin and Litecoin.
I knew that all this negativity around was going to affect the prices for sure. Some people which noticed these signals propably sold a lot of coins and gained a better place for their money in USD or EUR.
Anyway those global attacks from Banks, Economic leaders and Trade Markets just wanted to check how stable or how unstable is the situation around the coins market.
You must know that Crypto-Coins doesn't make their faces to smile, especially those people in the central banks around the world. They know that as strong CC (Crypto-currencies) are getting, that much power they are going to lose.
I remember one sentence from R. McKenna, past chairman or the Board, Midlands Bank of England: "I am affraid that the ordinary citizen will not like to be told that banks can create money ... and they control the credit of the nation and hold the destiny of the people".
CCs are a kind of a freedom in context of the money creation and control. But you must understand also that their are very very young way for exchange.
I wanted to be simple but i went a little bit out of the context of this blog post. Sometimes i naturally start to write and lose the direction but my notes help me to get in the write tunnel.
II. What makes an Exchanger good?
An Exhanger must cover criteria to be able to offer a good services. They have to include:
- Trade all popular cruptocurrencies
- To run a powerful trading engine
- To state a security
- To have robust complience
I must say that it wasn't very easy to rate the exchangers very well because some of they i never used and i hope that my readers will help rate them better?
"If you have used the services of any of those CC Exchangers share your vision"
III. Top CC Exchangers on the Market
- Cryptsy.com - they have an SSL enscrypted website. With many manual created features and good community
- Coinmkt.com - Even in Beta they seems to be ready for the big game. They introduced also a Blog which is a great idea for the community. Currently they are trading the most popular 7 crypto-currencies.
- Bter.com - On their website you can trade other currencies with a live changing price tags. There is a chart and histiry with transactions.
- Coinbase.com - is based in San Francisco, CA. The team has build an office and share photos on their website. It is really exciting to see that people are building their businesses around CC.
- Bitstamp.net - They claim to have a low fees and fast services. They are organised and often give updates on what is going on.
IV. Conclusion
To be able to have a good liquidity of your money you need to start thinking about exchangers. They are your access and portal to USD or EUR or any other local currency you are using.
The trust in them is still building and in the next couple of years we may see the new Paypal of the CCs. One of the questions is how the big players and leaders around the world will influence this new wave.
With all those games of the central banks and day to day increase of inflation the real money are loosing their value each year. This is another theme that i am going to incude in one of the next future posts. It is even bigger if you think from the perspective of what could happen in the next 5-10 years and where the electronic money will be in that time.
How often we will pick up our electronic wallets? Is it going to be more an investment or just a way to save bank fees?
I will try to research the web and give you my perspective on those questions.
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