What is crypto currency??

Disclaimer:

The below information and data is based on my personal research and understanding about the topic and predictions/opinion are completely theoretical and no research was conducted to get the results.

Please read it with patience.

The below stated predictions might be completely wrong and the predictions are just based on authors understanding.  

Actually this kind of currency is a digital form of currency , which is secured or generated by specific kind of  cryptographic methods (specific encryption coding). The toughness of this encryption / cryptography makes it almost impossible currently to double spend the amount.

This kind of currency was introduced to make ease of transactions between different countries in the world as  this could be easily transferred through internet, without any hassle of government restrictions which limit the extent of foreign transaction . So to overcome this problems concept of cryptographic currency evolved.

My Opinion for cryptographic currencies:

Keeping in mind the mining techniques and rapid bounce in value of cryptocurrency. I predict that after few decades with advancement in future technologies and evolvement of computing tech, there would be a big fall in value of  cryptocurrency and markets would crash massively.

The main reason for this is the unstable fame achieved by it, which is a massive bubble which would expand indefinitely till few years and would burst rupturing the cryptographic currency market leading to cryptographic - debacle , which might affect the global economic system owing to its predicted involvement in conventional economic system and legalization policy/