At the time of its appearance, cryptocurrency was often referred to as "intermittent", "not focused", "no future". Like other emerging technologies, electronic money stumbles across many different views.
Supporters believe that cryptocurrency can change the way e-money can affect people's emotions, financial transactions and their impact on social order. Meanwhile, the opposition has voiced suspicion over financial institutions and predicts it is just a huge economic bubble. However, it must be acknowledged that electronic money has had a great impact on our world, helping us understand more about the use of money, thereby influencing both the behavior and feelings of each child. people.
There are many definitions given when referring to electronic money in particular or currency in general. In this article, we will not introduce concepts from experts, but simply assume that money is a tool that allows people to trade goods and services in other markets. each with different situations. Of course, such a definition is very limited when it does not cover all the factors such as the difference between rich and poor, the dominance of political realities or financial institutions, the subtle differences between trade, trading platform and market, ...
But it must be affirmed, whether more or less, money also greatly affect the perception of people. We talk about it, we work to get it, we use it for different reasons and try to accumulate it for others.
The reasons that make "money" strongly impact on human psychology. Studies also show that the rich tend to tend to be emotionally unstable than the low-income.
Concepts such as asset accumulation and capital maximization of a traditional currency user have certain differences when compared to those involved in the crypto world. Specifically, people who have already spent their fortune in "cryptocurrency" games have a lot of chances to win (or "fall off" quickly) by the continuous drop of electronic currencies such as Bitcoin and Ethereum.
Differentiating the current identifiers, electronic money has the potential to become a new form of currency "of the population, by the people," can eliminate the corruption elements of political organizations Intermediate current. At this point, the opposition to crypto is also right in assuming that electronic money can cause confusion in the way financial institutions and social orders are implemented today. Accordingly, "decentralization" is almost tied to electronic money and can be understood in a positive way. For example, removing an intermediary helps ensure that every transaction is transparent and can not be changed.
Cryptocurrency is also influenced by human psychology
In the opposite direction, electronic money is also emotionally charged, human psychology controls and governs. Gaea Solutions' research shows that there are many psychological effects that contribute to the storm's cryptocurrency.
Fear Of Missing Out (FOMO), for example, usually occurs when investors follow the trend without considering it, leading to significant property losses. This is the consequence of the digital media boom. Especially in the times of human tendency to overtake others and want to approach as much information as possible.
In addition, an article that mentions e-money, either positive or negative, can have a huge impact on your investments. It could be an investment in a particular currency or a particular company, or even a change in the market. In the past, the electronic money market has been shaken simply by a few statements from individuals or organizations. For example, rumors of a South Korean plan to ban the business of the secret code appeared on the paper made the Bitcoin market fall into a major shock.
Clearly the way we affect electronic money or electronic money affects us in the same way as traditional currency forms. Therefore, we can fully explain how the electronic money market is moving. The only other point is that electronic money seems to make investors more excited
The effects of cryptocurrency are not fully understood
Electronic money has given us a different perspective when conducting financial transactions. It seems that "decentralization" is still new to the community and is still affecting the psychology of human behavior.
The only thing we can know for sure is that future electronic money will continue to affect human life. The promising future is still ahead, especially as many crypto studies are still underway.
Details: https://thenextweb.com/contributors/2018/02/22/cryptocurrencies-effects-emotion-bigger-may-think/
