With the appearance of Bitcoins, there has been a boom in cryptocurrencies. Investors stand to make massive profits by investing in cryptocurrencies. At the same time, there is still a lot of doubt when it comes to investing large sums of money behind cryptocurrencies.

Breaking bitcoin news reflects large profits and large losses from time to time. Here are a few things that you need to know to help you decide if cryptocurrencies are a financial fad or not.

Cryptocurrencies have long been heralded as the next big thing in finance and economics – and Bitcoin, undoubtedly the most renowned among them, has been fervently discussed in 2017 and 2018. Yes, alternative digital currencies are expected to revolutionize transactions and payment methods.

But more importantly, the innovative technology behind Bitcoin, blockchain, is rumored to have wider applications in a range of fields that extends beyond verifying Bitcoin and altcoin exchanges.