By definition: Investing is spending a lump sum of money for future cash flow. When you start a business, that’s investing in a business, since you spend some money and then it starts paying off later. Coins are like small business and projects, when you buy one, you’re buying a piece of the project in hopes that it will become a huge company one day, like Google, if you had bought a small percent of it in 2001, you would probably be a millionaire today. Whoever invested in google must have seen value in what google does, it was going to change the way we search for information and predicted it would be huge someday. So like bitcoin, you’re buying it in hopes it would be used worldwide. So when you ask Why?
Bitcoin is going to be world wide because the current economic and financial system is broken and cannot be sustained for so much longer. Bitcoin is the people’s money, no one forces anybody to use it, we all just naturally gravitated towards it etc… These are just a few reasons why you should invest in bitcoin.
You will see a lot of bad investments, promising steady gains without being able to answer this simple “why”. Always avoid such investments. All investments are risky so the “why” question helps you know if it’s a risk worth taking. If you can’t come to a sensible rational conclusion of why the investment is going to be big, then don’t do it. Follow this simple rule and you’ll have a bulletproof mindset against investment scams.
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Nice article