Hi Guys , if you're still not convinced of what opportunities crypto has to offer well get ready because I am about to spell it out for you. Today I am going to share 6 reasons why you should invest in cryptocurrency.
There's no doubt about it crypto is making big waves, you probably been hearing more and more about it on the news or heard people talking about it more but there are those who've been just reading the headlines and discussing it while others are getting busy to work on becoming part of this revolution and grabbing the huge opportunities.
(1) It'll be the main currency in the future
one thing the economic crisis of 2008 showed us is that traditional banking systems are flawed and it's been confirmed in 2020 in the need for viable alternatives and that's exactly what crypto offers a secure decentralized form of banking that takes governments and banks out of the equation and the crazy thing is even banks realize it, just listen to what germany's Deutsche Bank have to say in their imagine 2030 report, they talk about how fragile the traditional money system is, and that by the year 2030, 200 million people will be using digital money and by then traditional money will be already on the way out and it's not just Deutsche Bank, Twitter's Jack Dorsey has said he believes Bitcoin will eventually become the world's single currency. Elon Musk has stated that crypto is a far better way to transfer values. In a piece of paper China state TV has called blockchain the technology that makes crypto possible 10 times more valuable than the Internet.
(2) You need to get familiarized with the technology
it's the biggest technological invention since the Internet, the speed with it you're behind but the good news is you're still in time to start playing catch up just like in the 90s when the Internet was taking off, there were those who resisted adapting to it and there will be those people with the blockchain and crypto revolution but do you really want to be one of them and just like we now rely on the Internet for information and communications it's soon going to be the same for financial transactions using blockchain, so if you're not familiar with using it yet now is the time what are you waiting for.
(3) You will position yourself better for opportunities in this space
Sure you can make and receive payments with a crypto account. You can use it to save but there really big opportunities come with investing in crypto, just take a look at Bitcoin, if you invested $100 in it just five years ago by now that $100 would be worth $2500 , and really early with that $100 ten years ago it would be worth 1.9 million. The price of Bitcoin is still set to keep going on up sure with clips here and there and to be fair probably not as dramatically as it did before other cryptocurrencies like Ethereum, Litecoin, Bitcoin cash and Cardan. They also have huge potential to grow and bring great returns to savvy investors but to know which points to invest in you need to get educated and get some experience. Don’t waste anytime, now is the time to get crypto savvy and learn to grab the opportunities because you can be sure there are huge opportunities.
(4) It's a solid alternative for saving your money
We've already talked about crypto as a long term upward trend let's compare that with regular money if you took $100 in cash buried it and waited for 10 years, $100 in cash for ten years the amount you could buy with it a decade later could be a lot less than when you put it in the ground because of inflation and leaving it in a bank account isn't going to be much better, if at all because of the interest rates and bank accounts which vary from zero to extremely low.
Disclaimer: yes crypto is more volatile than most currencies largely because it's still new and gaining traction like at the start of 2018 when the price of Bitcoin tanked but remember it's more or less recovered since then and its upward trend is likely to continue and went out on any volatility and that's what makes it such a great option for long term saving, something that will beat any interest rates Banks can give you.
(5) You're safe from inflation
So we were just talking about inflation now let's spell it out in full. The problem with traditional money is, it's always going down in value and this isn't by accident governments and central banks do it on purpose especially when there is a financial crisis just like the one in the year 2020, at times like these there's a shortage of money and governments tried to get around it by printing more, in fact 22% of all dollars that exist today were created in 2020 when the Federal Reserve injected $2 trillion into the economy. Making money appear out of thin air might sound pretty neat until you figure out the catch, there might be more money but the amount of goods and services it's chasing stays the same and the value of the money goes down compared with the value of those goods and services and that is what we call inflation, that's why smart people trust gold more than money because when there is an economic crisis new gold doesn't just magically appear out of nowhere and it holds its value and Bitcoin and other cryptos just like gold don't get created as a short term fix to financial problems that means that crypto also holds it value and its inflation proof
(6) It's way easier to get into crypto than you thought
Just in case you thought you needed a PhD in programming crypto I can tell you now you don't. A smart phone with Internet access will do nicely, in fact crypto is way easier to get into than most traditional investments. First because it has got high liquidity that you can buy and sell easily and quickly, second there isn't a high threshold to getting into it, for stocks and bonds usually you need to put a large sum of money in. Just put down as little as 20 bucks with crypto to start with.
Binance is an exchange I use personally to invest into crypto.
Creating an account is easy. Just follow this link and register.
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Thanks for sharing with us such educative and important points to invest in crypto currencies.