Hello my people, this is a continuation to my previous article BTC 101, in this article I'd be explaining crypto currency a little bit and why you should invest in it. After Bitcoin is a crypto currency and I can't talk about BTC without first enlightening you about BTC. In my next article, I'll be focusing on BTC investment options. Have fun while reading, I'd love to get feedback from you.
Why Invest In Crypto currency?
A lot of people have heard of crypto currencies eg Bitcoin, Ethereum, Litecoin, Ripple(XRP) and so on. Yet they feel skeptical as to whether it is an investment worth risking their money in. They're wrong in numerous ways.
Let's start from the top, shall we?
What is a crypto currency?
A crypto currency is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
Dcentralized crypto currencis such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation’.
Beyond restriction and confiscation means it is only accessible by you. It is safe and secure. It can not be hacked into.
Why crypto currency?
Well, it's the easiest way to enrich yourself. Gone are the days in which one has to work hard and sweat to get money.
Now you can be on your phone or system and be earning an income every day or better still, every hour.
Take Bitcoin for instance, launched in 2009, the price of one Bitcoin remained a few dollars for it's first few years and as at the time of this article, December 7th, it is worth 19257.50 dollars
Stay with me here.
Say when Bitcoin came out in the year 2009, you purchased about 10bitcoins.
That would have cost no more than 50 dollars.
The same Bitcoin worth 50 dollars then will be worth 19257.50*10 which is 192,575dollars. That's a profit of 192,525 dollars for doing absolutely nothing, just from investing in cryptocurrency.
Now the prices of cryptocurrencies fluctuate, yes, but they'll definitely rise higher in the nearest future. Some predict that a Bitcoin will be worth about a hundred thousand dollars in some years.
Do you really want to miss out on such great opportunity?
There are some cryptocurrencies available to mine on your phone at the moment. My favorite is Pi, it is promising and easy to earn. Let me explain what I mean.
Pi is a cryptocurrency created by Stanford graduates. It is not worth money yet but there are strong hopes that it will soon. It has about 9.5million active users.
How do you earn?
Easy. You register and you click the earn button every 24 hours to confirm you're not a robot. Like that, your Pi keeps accumulating.
Personally, I'm on 2000Pi.
Imagine Pi attaining the value of 100 dollars in some years.
That's 200,000dollars gotten from doing nothing, just investing in cryptocurrency.
Cryptocurrency is the future. It is already recognized as a means of payment. In a particular country(the name is refusing to come to me at the moment), they already have Bitcoin ATMs.
If you think waiting for the currency to reach a very high price is a long wait, you might as well become a trader (buy when it's low and sell when it's high).
Again, cryptocurrencies are safe, secure and easy to make money from.
They are the future. Invest wisely.