Page 17

CompuCoin Starters Manual ___________________________________________________________

5. What drives people to invest so much money into cryptocurrencies? Because it’s like gold, or more accurately, the Gold of the Internet. Since ancient times gold is a highly valued commodity and has been used as a currency all over the world. The reason for this is not only its scarcity. The other defining factor to give gold its worth and value is trust. As long as people trust gold to have, to keep and to increase its value, it will be valuable and sought after as investment.

You may now ar gue that the pr ice of gold goes up and down as all currencies do. Sure it does, but the key factor here again is trust.

If the price of gold goes down a bit, investors just wait to trade with it, or they cease the opportunity and buy more of it. Why? Because in the end, despite market fluctuations, gold is always a secure investment. Because of its scarcity any temporary drop in value will be corrected automatically.

Exactly the same happens with cryptocurrency. As long as people trust that this currency has value, people will continue to invest in cryptocurrencies. The more since cryptocurrencies use opensourced software. This makes it impossible to put it under any central control with corrupt bankers and politicians mingling in.

___________________________________________________________ ŠCompuCoin

The Name you can Trust

~ 17 ~

CompuCoin Starters Manual  

What is CompuCoin? CompuCoin (CPN) is a cryptocurrency. Even if you have never heard this word before, you may have heard about Bitcoin....

CompuCoin Starters Manual  

What is CompuCoin? CompuCoin (CPN) is a cryptocurrency. Even if you have never heard this word before, you may have heard about Bitcoin....

Advertisement