Cryptocurrencies are a new concept of money. They aim to substitute the traditional monetary system we have. It seems hard for them to go there because of the strong disapproval from central banks and governments they are facing. Why are cryptos not likeable by the governments? Simple. Cryptocurrencies are created through the mining process of their algorithms. They are decentralized units, so central banks and other authorities which are controlling fiat money, have zero control on cryptos.
In contrast with fiat money, the amount of virtual money is limited. There is no way of issuing an infinite number of digital tokens. Bitcoin, for example, can be mined maximum at 21 million Bitcoins. This is the reason why cryptocurrencies are compared with commodities which have a limited amount disponible, and not with US dollars which can be issued by the federal reserve.
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Risk Warning: Wynn Exchange is a trading name of Wynn Exchange Coorporation. Trading Forex is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone so before deciding to trade Company’s Products you should carefully consider your financial condition and your level of experience. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.
Risk disclosure: Forex trading involves significant risk. We strongly advise that you read our Terms & Conditions. Although the risk when trading Forex is fixed for each individual trade, the trades are live and it is possible to lose your initial investment, particularly if a trader chooses to place his entire investment to a single live trade. It is highly recommended that traders choose a proper money management strategy which limits the total consecutive trades or total outstanding investment.
Disclaimer: Wynn Exchange is an online trading platform provider. We are an industry leading Forex brokers because we offer our investors the ability to trade underlying assets on an accurate and state of the art Forex option trading platform. Wynn Exchange advises its clients to read our terms and conditions carefully before opening positions on our platform. Digital option quotes displayed on the Wynn Exchange platform are rates that the company is prepared to offer options at, and as a result may not necessarily correspond to the exact live market quotations. Trading Wynn Exchange contains risks, which may result in partial or full loss of an investment. There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. The Company is not responsible for communication failures or delays when trading via the Internet. Any opinions, news, research, analyses, or other information contained on this website are provided as general market commentary and do not constitute investment advice. The Company is not liable for any loss or damage, including and without limitation to, any loss of profit which may arise directly or indirectly from use of or reliance on such information.
