Trying to understand a little bit more of this new wave that has been growing all over the world since the last past years called “CRYPTO STARTUPS”; let’s go back to the basics and analyze the meaning of it “word by word”; Crypto: short word for “cryptography.” Generally used to cover the significant features and topics of developing and using cryptography technologies: Startups: a business that is in the first stage of its set-ups.
Now that the simplest part to understand and comprehend is out of the picture let’s talk a bit more about how these microorganisms work today. In the late 1990s, the most common type of STARTUPS Company was a “Dotcom,” branded by a quick rise in fairness markets fueled by investments in Internet-based companies. The value of equity markets grew exponentially, rising from under 1,000 to more than 5,000 between 1995 and 2000, according to Investopedia
Unluckily, most of these internet startups eventually went ruined due to significant mistakes in their rudimentary business plans, such as a lack of sustainable revenue. Nonetheless, there were a few internet startups that did survive when the “dotcom bubble” burst. Examples of such companies are bookseller Amazon and internet auction portal eBay is.
Nowadays, companies are seeing as a supreme investment and growth “Crypto Startups”. While much new business is being worked on by the largest tech companies, cryptocurrency remains as one of the largest non-corporate startup opportunities.
Well, most people tend to argue about how expensive fees charged by any financial institutions can be. Avoiding them is one of the appealing characteristics why everybody is choosing to with cryptocurrency. Cryptocurrencies make it informal to transfer funds between two parties in a transaction and funds transfers are done with minimal handling fees, allowing users to avoid the unreasonable fees charged by most banks and financial institutions for flex transfers; which are facilitated through the use of public and private sources for security purposes. But, if you are avoiding crazy fees, be aware that Cryptocurrencies are not immune to the threat of hacking. That’s why a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist.
If you are considering startups as a new way of investment for you, remember that first, you need to invest time and money into market research, which helps to determine the demand of a product or service.
A startup requires a comprehensive business plan outlining mission statement, upcoming visions, and goals as well as administration and marketing strategies. From what you have read so far, what is your opinion on the “Crypto Startup” world?