Is it wise for middle class people to invest in crypto currencies?

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Avatar for Clevanj
2 years ago

For those seeking more knowledge about crypto currencies.There are somany people in our great platform LEOFINANCE, including those who mine crypto currencies.So feel free!Very many in Leofinance bringing you the information you seek....

Note: This is not in any case of me trying to lure you into anything for my own personal financial gain, i am just innocently sharing with you what works for me. You can also make a research on what works for you too.

“At the beginning, it was all about it being a currency, but today… what is the state of it? I mean, you have Bitcoin and top tier cryptocurrencies like Ethereum, Litecoin and Dash where people are using them for transactions and that. That same enthusiasm is so much stronger today, those people are still out there today, but they are out there in the hundreds of thousands, and I think the state of the market now is that you have two fronts - the blockchain which is being implemented by companies like IBM, which is going to change everything for everybody when it comes to the integrity of our transactions and lower cost fees."

"Then, on the crypto front, of course everyone wants to know when is crypto going to have its next big move, and I think it will be another year, just because it had such a significant move and I don’t think we are going to go into a mania for a year or two years, maybe more. It still needs to sort out its high transaction costs and slow transaction dealings right now."

“It is still very early, in the building phase. I would say we are internet and email 1990 / 1991 / 1992, still very early for crypto. But I see Bitcoin over the next five years… because there are only 17 million outstanding and if you look at it as a penny stock, there is so much demand for it - so I would say - although hard to make a price prediction because it is speculative - but upwards of $100,000 is possible because there are only 17 million that are trading.”

Investing in crypto is a wise choice because the future is crypto.

There are many good cryptocurrencies that you can invest in apart from Bitcoin and ethereum.

Like DOT, MATIC, ADA, LTC e.t.c.

Start investing from a small amount and increase gradually.

Start with some International exchanges like Huobi for high liquidity and the best user interface.

FYI: Neither the financial advice nor marketing post.But;

This might depict a clear idea on the growth of crypto currencies.Now you might realize,the benefits offered.

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