From my little knowledge. Cryptocurrencies are primarily used to buy and sell goods and services, though some newer cryptocurrencies also function to provide a set of rules or obligations for its holders.They possess no intrinsic value in that they are not redeemable for another commodity, such as gold. Unlike traditional currency, they are not issued by a central authority and are not considered legal tender.
I need help in understanding the crypto market and investment advice in order to invest effectively on bitcoin market
At first, bitcoin is used as a payment for games,then it moved to the one of asset.Now many people inverse their money in bitcoin than in Gold and Silver. The simple reason for this is percentage of profit in bitcoin is greater than the gold and silver.You can inverse in bitcoin with 10$,it is additional advantage.