15 Reasons Why You Must Invest In Cryptocurrency📈
Invest In Cryptocurrency —There is no doubt about it as crypto is making a big wave, you’ve probably been hearing more about it on the news and hearing people talking about it.
But there are those who’ve been just reading the headline and discussing it while others are getting busy working on becoming part of the revolution and grabbing the opportunities.
If you are still not convinced of what opportunities crypto has to offer well get ready to get the best information on why you should start using crypto.
1. Global Currency
Best believe crypto will be the main currency in the future. One thing the economic crisis of 2008 showed us is that traditional banking systems are flawed and it’s been confirmed in 2020, more and more people are seeing the need for viable alternatives and that’s exactly what crypto offers a secure, decentralized form of banking that takes government and banks out of the equation and the crazy thing is even banks realize it.
Germany’s Deutsche Bank said in their imagine 2030 report they talk about how fragile the traditional money system is, that by 2030 over 200 million people will be using digital and by then traditional money will be already on the way out
and it’s not just Deutsche Bank, Twitter Jack Dorsey said he believes bitcoin will eventually become the world’s single currency. Elon Musk has stated that crypto is a far better way to transfer value than a piece of paper.
China state TV is called “blockchain” the technology that makes crypto possible 10 times more valuable than the internet.
2. Understand The Technology
It’s the biggest technological invention since the internet so if you’re still not up to speed with it you’re behind but the good news is you’re still in time to start playing catch-up. Just like in the 90s when the internet was taking off there were those who resisted adapting to it and there will be those people in the blockchain and crypto revolution but do you really want to be one of them? And just like we now rely on the internet for information and communication, it’s soon going to be the same for financial transactions using blockchain. So if you are not familiar with using it yet now is the time.
3. Better Opportunity Space
Sure you can make or receive payment with a crypto account, you can use it to save but the really big opportunities come with investing in crypto just take a look at bitcoin, if you’d invested $100 in it just 5 years ago buy now that $100 would be worth $2,500 or if you’d got into it really early with that $100 ten years ago it would be worth 1.9 Million dollars, the price of bitcoin still set to keep going on up. Sure with blips here and there and to be fair probably not as dramatically as they did before, other cryptocurrencies like Ethereum, Litecoin, Dash, Ripple, and Lisk also has huge potential to grow and bring great returns to savvy investors but to know which coin to invest in you need to get educated and get some experience under your belt. So why waste any time? Now’s the time to get crypto savvy and learn to spot the opportunities because you can be sure there are huge opportunities waiting.
4. Solid Alternative for Saving
We’ve already talked about crypto’s long-term upward trend let’s compare that with regular money. If you took $100 in cash buried it and waited for 10 years the amount you could buy with it a decade later could be a lot less than when you put it in the ground because of inflation and leaving it in a bank account isn’t going to be much better if at all because of the interest rate in bank accounts which vary from zero to extremely low disclaimer. Yes, crypto is more volatile than most currencies largely because it still needs new and gaining attraction like at the start of 2018 when the price of bitcoin tanked but remember there is more or less recovered since then and its upward trend is likely to continue and win out on any volatility and that’s what makes it such a great option for long term saving, something that will beat any interest rates banks can give you.
5. You’re Safe From Inflation
The problem with traditional money is that it’s always going down in value and this isn’t by accident, Governments and Central Banks do it on purpose especially when there is a financial crisis or this one in the year 2020at times like these’s there is a shortage of money and Governments try to get around it by printing more money. In fact, 22% of all Dollars that exist today was created in 2020 when the Federal Reserve injected 2 Trillion Dollars into the economy, making money appear out of thin air might sound pretty neat until you figure out the catch there might be more money but the number of goods and services chasing stays the same and the value of the money goes down compared with the value of those goods and services and that’s what we call inflation, that’s why smart people trust Gold more than money because when there’s economic crisis new gold doesn’t magically appear out of no were and it holds it’s value and bitcoin and other cryptos just like gold don’t get created as a short term fix to financial problems that means crypto also holds its value, and it’s inflation-proof.
6. Easy To Get Into Crypto
A smartphone with internet access will do nicely, in fact, crypto is way easier to get in than most traditional investments. First, because it’s got high liquidity that you can buy and sell it easily and quickly, secondly there isn’t a high threshold to getting into it for stocks and bonds usually, you need to put a large sum of money in and you can’t just put down $100 but with crypto, you can even with as low as $10. Better still there is no institution, no paperwork just get an account, get a wallet, track your asset and it’s pseudonymous. You don’t have to give any documents or even your name but we realized there’s still a lot of confusion and not many people understand how this apace works and how to take advantage of it.
7. No One Controls Your Money
Regular money is controlled by Government and Banks but who controls crypto? Well, the beauty of crypto is it’s controlled by nobody and everybody at the same time. Let’s take Bitcoin, for example, the code is stored in thousand of nodes that means the computers of tens of thousands of people who voluntarily run bitcoin software on their computers there are no such central authority or mastermind behind it, all users effectively retain control and it’s in everyone’s interest to keep the network active and healthy. Running it this way has all kinds of advantages over banks like banks are only open business hours of the country they’re based in, blockchain functions nonstop, and bank payments can take up to 48 hours to clear. Bitcoin transactions take between 15 minutes to an hour.
8. Best Security On The Market
There is no big security institution monitoring it, is it safe? The answer is a definite “YES” it’s got the best security out there and that’s down to the way the information is stored anytime a transaction takes place and digital money gets handed over to a new user that is recorded permanently and it can’t be erased even after it’s changed hands and remember that data is stored by tens of thousands of users, unlike a bank which has one central database if one user has ever had an error or if anyone tries to tamper with information the other tens of thousands will cross-reference each other and correct it and the bigger the network the more secure it is and in the case of bitcoin that’s big so you can count on it, being secure.
9. Lowest Fees By Far
For any kind of transaction or investment that you make, there are going to be fees for making buying, selling, and even storing the investment and this is also true of crypto but the difference is that crypto fees are determined by users and that means it’s in their interest to keep them low much, much lower than the ones you’ll be charged by stockbrokers to invest in stocks and bonds and the same goes for making transfers especially international ones. Make a transfer through the bank and you’re going to get slapped by high fees but with crypto, there are no institutions making a profit from these money transfers which is a huge advantage to people doing business and another reason why the adoption rate of crypto is just kept going up.
10. Blockchain Is Here To Stay
What you have to understand about blockchain is that bitcoin and other crypto are built on blockchain technology just as Facebook and Google are built on top of the internet, it’s what makes crypto possible but there is more to blockchain than crypto. We think that crypto is proof enough that blockchain is going to become more important but just in case you needed more let’s just look at all the things blockchain is being used for, big business is using it to record data. Big companies like Pfizer, Walmart, Siemens, and Unilever use it to keep data that is too complex for a spreadsheet to record, healthcare providers use it to store their patient’s medical records safely and there’s potential for it to grow into records of property ownership and in elections to keep track of vote and take away the need for recounts.
11. High Returns
We’ve already seen how much bitcoin has gone up and how the long term trend is found to continue upward. In 2020 even with the pandemic in full swing lots of crypto have seen big gains, the world second largest crypto Ethereum started the year at $145 and it’s now at $600 and some are tipping it to be as popular as bitcoin and ripple started the year at just over 20 cents and is now around 65 cents and many others are headed the same direction. Further proof that now’s the time to get in the door if you haven’t already.
12. Limited Supply And Does Not Suffer From Inflation
Conventional currency loses its value because of inflation there is a simple reason why crypto does not. The supply is capped, this is written in source code which states that there will ever be 21 million bitcoin ever produced and currently 18.5 million bitcoin have been mined. Mining means when advanced computers crack complex mathematical problems and unlock the bitcoin stored in the code and even if bitcoin is still getting mined there’s no limit to this, unlike with traditional money when banks decide to print it by the truckload with bitcoin the number of new coins released slows down every 4 years, meaning the supply is limited that’s the reason bitcoin won’t suffer from inflation.
13. Price Dictated By The Market
No Government can touch it, with traditional money government have lots of laws for manipulating its value and we already mentioned printing new money as well as setting the interest rate of borrowing government money which has a triple effect on the rest of the economy. But with crypto none of this is set by the government, instead, everything is controlled by the free market or how much people are willing to buy and sell it. Besides, that governments can’t freeze crypto accounts or look at records of who has how much in each account, that’s because unlike regular bank account crypto accounts are pseudonymous which means the holder doesn’t disclose their true name or identity.
14. At Its Early Stage And Disrupting The Market
Bitcoin was released in 2009, meaning bitcoin is a decade old but now’s the time it’s really taking off and the growth it’s going to see over the next decade is going to be a whole load more exciting than what we’ve seen up till now. You could stage the right now is like the internet in the ’90s, in fact, if you look at the numbers of people who’ve adopted cryptocurrencies over the last decade it looks a lot like that adoption of the internet back in the ’90s. Deutsche Bank has pointed out this similarity too and they predict the adoption rates are going to keep on the same rate as the internet of the ’90s, in other words it’s going to go up in a spectacular way and just like how the internet disrupted literally everything over the last 20 years we’re probably looking at blockchain doing the same thing over the coming decades.
15. Big Business Taking It Seriously
Take a look at the list of companies that already accept payment in bitcoin
- Virgin Galactic
- Norwegian Air
- Dallas Mavericks
- Miami Dolphins
Indeed other companies are still reluctant to allow payments in it because it’s still volatile but that’s bound to even over time and more and more big businesses will accept bitcoin and other cryptos as payment.
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