Reasons to invest in cryptocurrencies

Cryptocurrencies have a very large impact on financial systems and the world economy.

The fact that they are not controlled by a centralized entity, a government, or a financial institution and that are not affected by the inflation of a particular country and that allow working anonymously on a platform that is secure and that is continuously being developed makes them It is a very useful tool today and that is why more and more people decide to invest in cryptocurrencies.

I offer you a list of reasons that I think are very convincing why investing in cryptocurrencies seems positive to me.

They are easy to use and entry

Investing in the way it is usually done can be difficult, but if we talk about cryptocurrencies it is the opposite since you do not need so many permits and businesses operate 365 days a year, 24 hours a day. You can send and receive cryptocurrencies without having to use a very expensive program, you do not need to have very specialized training and no one can prevent you from investing. So this is a very important and compelling reason.

Speed ​​of operations

Using cryptocurrency, you can send money anywhere in the world without limitations and that money will arrive in just a few minutes. The time it will arrive depends on the time it takes for the network to process the payment. And it is generally very fast, in the case of Bitcoin Cash it is usually two or three minutes.

They are very portable

It is always very difficult to carry large amounts of money from one place to another, moving thousands of cash bills can be a big problem, but with the use of cryptocurrencies, it is possible to overcome all this difficulty since it is possible to carry any amount of money using a simple little USB stick. Imagine taking $ 30,000 from one country to another without having to carry a bag with the cash, but simply using a small memory that fits in your pocket. And the most important thing is that you can take it anywhere in the world where you want to go, and it will work the same way for you anywhere.

They are anonymous and confidential

This is another of the strengths of cryptocurrencies because the blockchain prevents external agents, organizations, and governments from knowing what you are investing in or what you are buying, how much you have spent who is buying from you. The transactions are completely anonymous as they do not reflect your first or last name, address, or identity documents. They are a series of numbers that are very difficult to associate with the identity of any person.

Cryptocurrencies are not insured by a bank or controlled by the government, which means that they do not have the same guarantees that money deposited in a bank account offers, but they offer you something better. They use very strong cryptographic methods to secure operations, where the creation of additional values ​​and the transfer of assets is verified using a chain of blocks that prevents any transaction from being duplicated or falsified and everything is visible in a transparent way for anyone.

Operation commissions

The costs for transactions with cryptocurrencies are much lower than those made with Fiat or traditional currencies. Often the costs are 0 or very low for each change you make or for each operation you make since the people called miners are compensated for offering their computer to perform all those operations. The only payments that are made are those when there is a third party or institutions involved who are in charge of keeping a web platform operating and charge for the maintenance of that service or those wallets. And in those cases, the commission is usually low. So where you see it is something very positive.

No debts

Cryptos do not represent debt as they accurately reflect the money you have.

Tendency to rise in price

This is perhaps the biggest attraction when it comes to investing in cryptocurrencies. We have seen cases recently such as bitcoin Cash where it reached a price of $1600 and remained stable there for a while. It is important to note that in its beginning a few years ago it had a ridiculous value of $250, which means that you have invested at that time they saw their initial investment grow and multiply. So it is a good idea to have cryptocurrencies in your portfolio.

Little inflationary risk

This is because Fiat or conventional currencies are managed by governments and when they face a crisis, the currency suffers the effects, and that causes its price to vary. The value of cryptocurrencies is not influenced by the normal trends that circulate in the world and therefore remains high even in the worst circumstances. The best example of this is what we are seeing in these precise moments when even though the queen of cryptocurrencies so what is bitcoin has fallen in price, it continues to maintain a high price.

So this is something that generates a lot of security and confidence to invest.

The main reason why people invest in cryptocurrencies is that they are in control of their money at all times, which cannot be said of banking institutions and governments that control traditional money.

And these are the reasons why investing in cryptocurrencies is a smart idea.

See you in my next post!