Cryptocurrency is the answer to the global demand to move to a cashless society in the future. It has changed the world in terms of how people work, transact online, and pay for their goods and products.
When this new world was born, many people were convinced to invest in it due to its enormous potential. But, what's it about?
Crypto is practically "just born"
Cryptocurrencies are still in their infancy having only been "launched" in 2008. This means that it is still a fairly new market and way of investing.
Getting closer and learning now to invest in cryptocurrency could mean being on top when it reaches its boom phase.
The cryptocurrency market is volatile, and while others may see it as a threat, it can be an incredible opportunity if you are able to predict the perfect time to invest. Since the trade can range from extremely high to low, you have a chance to earn more if you match your investment when the value is higher.
Unlike "canonical" shares (eg Google, Tesla, Apple, Microsoft etc) cryptocurrencies can easily score, in some cases, even a + 1000% in less than 24 hours. The game is to predict which currency will fly in the short term.
Bank money is linked to the situation of the bank. Should something happen to its environment and economy, expect your money in different financial institutions to be greatly affected. The moment a bank is robbed, your money can be taken.
By the time the financial institution declares bankruptcy, you may lose your money or freeze it for not being able to use it.
If world trade and the economy collapse, the value of your money will also collapse. If you have to transfer your money to another institution, you have to pay commissions to do so.
With cryptocurrency, this will NEVER happen. What happens to your virtual money depends on how you will use it. There are no other factors that will affect his situation and his future.
This is financial independence on another level.
Easy to learn
Cryptocurrency seems to be an intimidating concept, but it's easy to learn given all the resources available online. There are several apps and software that help calculate risks and do marketing analysis to provide you with an option to do automated trading or calculate manually.
Trading is made easy with programs that have algorithms that will help you analyze the market and examine all the data you have at hand before making your next move.
Or you can just trade by studying the market yourself. Experiment, try.
There are no overly complicated processes involved when trading cryptocurrency plus everything is recorded on the Blockchain.
Blockchain technology is a public "ledger" in which all confirmed transactions in the cryptocurrency market are recorded and kept public.
The owner's identity is encrypted to ensure registration is accurate. This is additional protection for traders as there is a lower chance of identity theft.
The blockchain is an intelligent mechanism that can protect digital transactions, making the entity unassailable and safe from fraud. This type of verification is one of the biggest benefits of using cryptocurrency.
The world experiences many economic problems due to many events that can affect its market. More and more people see cryptocurrencies as a future independent of banks and governments.
Studies after studies confirm that most young people would invest (or invest) part of their money in cryptocurrencies, to the detriment of normal shares linked to physical assets or companies. It is not too late to try to invest in cryptocurrencies and the best time to do it is now.
Investing in cryptocurrency is like investing in the future. All you have to do is learn all the basics using all the resources available online and take the plunge.
This article, unlike the ones I usually write, is not very illustrative. I just wanted to provide an overview in answer to the question "is it worth investing in cryptocurrencies?" well in my opinion the answer is yes!
Good luck to all and thanks for making it this far, see you next time!
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