Investing in Cryptocurrencies

8 33
Avatar for quantum888
3 years ago

A lot of people still skeptical investing in  cryptocurrencies , whether it brings a bright future or just a scam that will cause them to lose a lot of money, time and effort. 

But cryptocurrencies are here to stay! And if you have a good knowledge of how the current financial system works and how's our current fiat currencies are made, you might say that, Yes! a cryptocurrency is the very much better way to do commerce.

The idea of decentralization, a trustworthy and very secure ledgers of transactions, a borderless exchanges of value are just some of the promises that this crypto world can brings to the society!

Investing in cryptoworld now is investing in the future! Unless your purpose is for short- term gain , its better to do it in trading. But for the majority people, the best way is to invest Now! then Hold for maybe 5 to 20 years. 

So the only question now is what cryptocoin you can invest that can have a long-term viability. The answer is still uncertain. Even the obvious pick which is Bitcoin has its own issues and problems but these issues was greatly solved, by other cryptocoins that follows it. 

So the best way at least is to diversify, and have some time researching about a coin, especially the history and people behind it. Whether you're buying or just putting your effort and time doing marketing stuff, getting bounties or simply doing some faucets or airdrops to get this cryptocurrencies, then you do Hold! and be pro active in marketing the coin or coins you truly believe in. 

And also be careful! because this technology is very new and hard to understand, it become like a "Wild West" and ripe for exploitations. Pyramiding scam, pump and dump scheme, fraudulent ICO, Misleading trading websites, are just some of the schemes used by groups and individuals to scam people. Even cloudmining and coins ICO become risky to invest with. 

Buying, mining ( or staking) or simply doing some faucets, bounties and airdrop are the only way to earn these cryptocoins. Knowing that, people can simply avoid the fraudulent and scam websites.

After acquiring these coins, you do Hold! for some time, whether the goal is short-term or a long one.

There's no point in selling these cryptocoins back to fiat currency, there's no turning back! Cryptocurrencies are here to stay and it is the future! and fiat and the current financial system can be a thing of the past.


Peace and Abundance to All


5
$ 0.00
Sponsors of quantum888
empty
empty
empty
Avatar for quantum888
3 years ago

Comments

Your article is full of advice, spend your coin wisely and prepare for the future.

$ 0.00
3 years ago

Yes cryptocurrency is the best investment for the future because crypto is growing to a new level and if we choose a good coin than we would able to earn a good amount in future....

$ 0.00
3 years ago

I am still concern about which wallet is best for ethereum token and also for BCH. I want those wallet where exchange is allowed. And buying and selling can also be performed

$ 0.00
3 years ago

I think Binance is ok even you don't own your private key, because you can trade right away.

$ 0.00
3 years ago

Binance has weird hard-coded limits on how many you should withdraw with its fees, however. Binance is alright, but there are decentralized exchanges that can help.

$ 0.00
3 years ago

Yes, one of the best things in the world of crypto is indeed long-term investment. But it also must be clear and thorough what coins we choose for investment.

$ 0.00
3 years ago

Very helpful topic, this one is.

EDIT: The best thing is really to hold right now. Spend when needed.

$ 0.00
3 years ago