Why should we invest in cryptocurrencies? 🤷‍♂️

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Avatar for richnessisaright
3 years ago

It is a goal for each individual to maintain the accumulation they have and, if possible, increase it.

Today's financial system offers us investment tools to assess these savings, yes that's true. But all of these investment instruments must somehow trade under the direction of the forces that govern the world financial system and depending on their regulations.

From my point of view, here is the reason why it has always made me stuck in, because I have never felt comfortable with making good use of my earnings or savings because of the limitations of these investment tools I was forced to use and the feeling of insecurity towards them.

However, it changed as I got used to learning about this new blockchain technology and cryptocurrencies. I believe in cryptocurrency's future and the easinesses it will provide the humanity with.

Another reason that used to make me feel insecure about those tools is that the value of investment instruments in this financial world, that is, your savings, often depends on the decisions of these people. This was also an important rationale when Bitcoin was introduced by Satoshi Nakamoto in 2008. Because people saw the going bankrupt of Lehman Brothers in the financial crisis in the United States, their investment in this system actually depended on a cotton thread.

After its launch in 2008, Bitcoin became more and more known in such an environment and established itself in the investment world. Of course, it was followed by altcoins (alternative coins) such as Bitcoin Cash. Please correct me if I am wrong but as far as I know there are more than 4000 altcoins already.

Advantages of investing on cryptocurrencies

You know what I mean today it is possible to invest and trade in these cryptocurrencies all over the world, and for this reason you can trade 24/7 without a time limit. In this way, you have the opportunity to evaluate your investment, withdraw your money or make additional investments in such a fast way in minutes or even seconds, without waiting for hours or maturity.

Moreover you do not have to live in any country or become a citizen. Anyone around the world can make investments in cryptocurrencies.

Cryptocurrencies' being traded all around the world and spreading widely around the world provide liquidity increase in this market. This allows you to sell off the cryptocurrency you invest at any time you want or guarantees that you can trade without incalculable losses because it is always in your hands on your wallet. Of course, high liquidity also offers the opportunity to sell to get your profit at the price you want.

Furthermore, the profit you make from your transactions in the cryptocurrency market is not subject to any tax. In this way the profit you receive in your investment remains on your asset in net. I can conclude that this is an important advantage for investing in cryptocurrencies.

Beyond all these advantages, we know that technology is rapidly changing our lives. Of course, blockchain technology will also change the financial system. Because almost every day, every hour, we witness the developments that we see the first steps of that. It seems that with the power it gets from here, cryptocurrencies will continue to rise and gain their investors with the technology they have.

To sum up, we should be thinking wise and twice before we go in trade. I believe cryptocurrencies will have a future for sure, but as far as I know and as I mentioned above there are more than 4000 altcoins and new ones are taking their places in the market day by day. Therefore we should make investments on the cryptocurrencies we believe they have a future and a strong community behind.

As this is my second post on here and I stated in my first post also that is here I am honored to be a part of this community and Bitcoin Cash enthusiast. Bitcoin Cash is the only cryptocurrency I do believe has a strong and a valuable future with its awesome community, developers and supporters.

Thank you for reading 🙏

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Avatar for richnessisaright
3 years ago

Comments

BCH has more to offer indeed, from the swift transfer time to the low fees attached, plus this platforms organized to help people earn and much more BCH is really a coin for the people

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3 years ago

Absolutely

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3 years ago