5 Advantages of Cryptocurrency: All You Need to Know

INTRODUCTION

When it comes to destructive technology, there is one company that dominates. Amazon ($ AMZN). Amazon and its pioneering founder and CEO Jeff Bezos are responsible for disrupting more industries than I can expect and they are still working. In this article, I’m going to explain what makes Amazon such an efficient machine, and many industries are disrupted.
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FIRST BLOOD

When was the last time you visited Barnes & Noble ($ BKS)? Or in some other bookstore, for that matter? How about when was the last time you visited the Amazon website? I’m willing to bet that almost everyone who reads this has been on the Amazon website in the last few days, and I’m also willing to bet that almost no one has been to a physical bookstore in a long time. The bookstore industry, symbolized by the former giant Barnes & Noble, was the first victim of Amazon’s devastating trends. Amazon’s roots go back to 1994, when the company founded an online bookstore. Conceived as an online bookstore, Amazon was able to offer much more choice than any physical bookstore, and offer consumers the same choice at a lower price. Because the free market behaves normally, consumers opted for a cheaper option when offering an identical product or service. By 2007, Amazon surpassed Barnes & Noble in revenue from book sales, in the same year they released the first version of the Kindle e-book reader. By 2010, sales of digital books exceeded sales of physical books through Amazon. Amazon also runs the company and website Audible, one of the biggest players in the audiobook game. In 2011, Borders Group, which was just a few years before, the second largest chain of bookstores in the United States declared bankruptcy and ceased to exist a few months later. At the time of writing, Barnes & Noble has a market capitalization of approximately $ 454 million. Amazon’s market capitalization is about $ 832 billion. According to market capitalization, Amazon costs almost 2,000 times more than Barnes & Noble. Amazon’s entry into the bookstore industry and its replacement by companies that were previously entrenched in place is simply the first of many industries to be torn apart by the Amazon bull.
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DO NOT SEE THE END

After earning revenue from direct retail sales and fees levied from third-party vendors on the Amazon website, Amazon makes the most of its revenue from its Amazon Web Services division (AWS). The history of AWS dates back to 2006. During 2006, Amazon launched the Simple Storage Service (S3), a file storage service, as the name implies. Simple Queue Service (SQS), a service designed to automate message queues. And to end the year, they launched Elastic Cloud Computer (EC2), a service that allowed users to pay for server time for program execution and simulation. Today, under the auspices of Amazon Web Services offers about 100 different services that can meet almost any digital need. Currently, almost half of all digital cloud computing is powered by Amazon. Just like what happened to bookstores, Amazon took control. By 2020, cloud computing is projected to become an industry worth more than $ 400 billion. And Amazon is set to dominate this market for the foreseeable future.

Claim for glory

The retail and grocery industry is a great example of an industry that has forever changed Amazon and what they are best known for. However, let’s start with the fact that Walmart ($ WMT) has about three times the annual revenue of Amazon, so that’s not how Bezos and Co. began to dominate the retail industry, but they certainly made a dent. We can say that they destroyed the industry. Although they were founded in 1994, the first four years they were just online bookstores, but in 1998 the company expanded its catalog and started selling more than just books. Since then, the company’s online sales have grown exponentially year by year, and they have even been accused of making many traditional retailers disappear. Amazon gets about 85% of its revenue from the retail business, so it’s clear that this is the largest part of Amazon. Beginners to online retail Amazon has been able to establish itself as one of the largest players in retail, despite the fact that it is completely online, thanks in part to convenience and low prices. Most recently, in 2017, Whole Foods, a luxury grocery store, was acquired by Amazon to increase its market share in the retail and grocery scene. Thanks to its retail network and physical product divisions, Amazon can take a significant market share and keep the agency in space. Well, just to consider the scale of Amazon, more than two-thirds of all households have a subscription to Amazon Prime.

BUT WHAT ELSE

Above I talked about what Amazon’s largest divisions are and what they are best known for. But here I will talk about lesser known parts. Amazon operates its Amazon Video service and is available to all Prime customers. This service competes with traditional television and media and is popular among cord trimmings, it competes with other streaming services such as Netflix ($ NFLX) and Hulu (will soon be owned by Disney, ($ DIS)) and offers thousands of movies and TV shows. There is Amazon Drive, which offers unlimited file storage for just $ 59.99 a year. They also recently acquired the streaming website twitch, the largest live video game site that gives Amazon market share in the streaming and eSports industry. One of the first subsidiaries is A9, a very advanced search and marketing company that works with machine learning. Amazon is also stalking companies like Tesla ($ TSLA) and Waymo from Google ($ GOOG, $ GOOGL). Although Tesla is not as advanced as many believe, and not as good an investment. Returning, they also have Amazon Music, Amazon Tickets, Amazon Home Services, Amazon Inspire, Online Movie Database (IMDb), Amazon Go, Fire TV, Goodreads, Zappos and many more. Go ahead and look at Amazon subsidiaries or services offered by Amazon that I didn’t talk about, you can probably find at least a few dozen more. A few days ago, Amazon even announced that they were acquiring an online pharmacy to offer an online pharmacy and a delivery service for pharmaceuticals that disrupted traditional pharmacies.

CONCLUSION

Amazon is now the second most expensive market capitalization company in the world. The only company that outperforms them is technology giant Apple ($ APPL). Given Amazon’s huge potential for growth and the lack of equivalent competition, I believe their value will continue to grow. They are in a unique position of destroying almost every industry you can think of and succeed at the same time. Amazon is a great company that will continue to expand indefinitely and I would advise everyone to invest in a company even though some people think they are overrated.

Cryptocurrency has been around for some time, and there are several articles and articles on the basics of cryptocurrency. Cryptocurrency has not only prospered, but also opened up as a new and reliable opportunity for investors. The crypto market is still young, but mature enough to infuse enough data to analyze and predict trends. Although it is considered the most volatile market and a huge game as an investment, it has now become predictable up to a point, and bitcoin futures are proof of that. Many stock market concepts are currently being applied to the crypto market with some tweaks and changes. This gives us another proof that many people are entering the cryptocurrency market every day, and there are currently more than 500 million investors. Although the total market capitalization of the crypto market is $ 286.14 billion, which is about 1/65 of the stock market at the time of writing, the market potential is very high given the success, despite its age and availability already established financial markets. The reason for this is nothing more than the fact that people have begun to believe in technologies and products that support the crypt. It also means that crypto technology has proven itself and so much so that companies have agreed to place their assets in the form of cryptocurrencies or tokens. The concept of cryptocurrency has become successful with the success of Bitcoin. Bitcoin, formerly the only cryptocurrency, now accounts for only 37.6% of the total cryptocurrency market. The reason – the emergence of new cryptocurrencies and the success of projects that support them. This is not to say that bitcoin has failed, in fact the market capitalization of bitcoin has increased, rather it indicates that the crypto market has expanded as a whole.

These facts are enough to prove the success of cryptocurrencies and their market. And in fact investments in the Crypto-market are now considered safe to the extent that some invest in their retirement plan. So further we need tools to analyze the crypto market. There are many such tools that allow you to analyze this market in the same way as the stock market, providing similar indicators. Including market capitalization of coins, stalker coins, cryptoz and investments. Even if these figures are simple, they provide important information about the crypt under consideration. For example, a high market capitalization indicates a strong project, a high 24-hour volume indicates high demand, and a circulating supply indicates the total number of coins of this crypt in circulation. Another important indicator is the volatility of the crypt. Volatility is how much the value of a crypt fluctuates. The cryptocurrency market is considered to be very volatile, cash in the moment can bring in big profits or make you pull by the hair. So we are looking for a crypto that is stable enough to give us time to make an informed decision. Currencies such as Bitcoin, Ethereum and Ethereum-classic (not specifically) are considered stable. Being stable, they need to be strong enough not to become invalid or simply cease to exist in the market. These features make crypto secure, and the most reliable cryptocurrencies are used as a form of liquidity.

As for the crypto market, volatility goes hand in hand, but its most important property is decentralization. The crypto market is decentralized, which means that falling prices for one crypto does not necessarily mean a downward trend for any other crypto. This gives us the opportunity in the form of so-called mutual funds. This is the concept of managing the portfolio of cryptocurrencies in which you invest. The idea is to spread your investment over multiple cryptocurrencies to reduce the risk if any crypto starts on bearish.

Similar to this concept is the concept of indexes in the crypto market. Indices are the standard starting point for the market as a whole. The idea is to choose the best currencies in the market and distribute the investment among them. These selected cryptocurrencies change when the index is dynamic and takes into account only the best currencies. For example, if the currency “X” falls to the 11th position in the crypto market, the index, which considers the top 10 currencies, will now not consider the currency “X”, but will begin to consider the currency “Y”, which took this place. Some vendors, such as cci30 and crypto20, have tokenized these Crypto indexes. While for some this may seem like a good idea, others oppose it because there are some prerequisites for investing in these tokens, such as the minimum investment required. While others, such as cryptoz, provide the methodology and value of the index as well as the currency components, so the investor is free to invest the amount he wants and choose not to invest in a crypto otherwise included in the index. Thus, the indices give you the opportunity to further smooth volatility and reduce risk.

Conclusion

The crypto market may seem risky at first glance, and many may still be skeptical of its authenticity, but the maturity that this market has achieved in the short period of its existence is surprising and enough evidence of its authenticity. The biggest concern of investors is volatility, for which there was a solution in the form of indices.