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
From what I know, cryptocurrency like bitcoin created because our currency economic system fail. Bitcoin system created because central banks always print money from thin air and there is no audit and not responsible on economic crisis.
Thats why bitcoin have limited supply and no one can control bitcoin supply. Our current currency actually no instrinsic value too and based on trust to government.