5 Reasons to Invest in Cryptocurrencies
Cryptocurrency continues overcoming the trading world, and the number of cryptocurrency-related businesses is growing.
In early days the first cryptocurrency Bitcoin was designed to work as a decentralized digital payment resource but after that initial concept, it has gained notable growth in value and given amazing returns to early investors.
I get asked, with remarkable frequency, what I believe the fair market value of bitcoin is today and what it will be in the future. I suppose that because I don’t invest in bitcoin (in the sense that when I buy bitcoin it’s not specifically in anticipation of selling for a profit upon its increase in value) I have no idea how to answer the question. And try as I might, I cannot bring myself to care about the answer.
And indeed, part of me feels that those who equate the value of bitcoin with its equivalent price in dollars are missing the point entirely.
When I buy bitcoin, it is for the purpose of having a super low-friction, trustless means of transferring value from me to someone else, anywhere else on the earth, for zero fees, almost instantly. That fact alone — the very utility of such a tool — is what gives bitcoin its value.
I know intuitively that bitcoin works and that millions of dollars’ worth of the cryptocurrency is exchanged daily. On different cryptocurrency exchanges, you can watch transaction blocks emerge from a point of origin and float off into the ether, zooming in and out to see more or less detail.
There’s something about watching as the trades slowly fade off and make room for future trades, which keep coming and coming, that feels very organic. Tens of thousands of people each day want to transparently exchange value in this way.
Should you join such growing cryptocurrency businesses? Consider the following 5 reasons for becoming the next cryptocurrency investor.
1. Your money always stays yours
If you invest in cryptocurrency, then forget about the security of your digital asset, It will always be yours due to blockchain technology.
2. No government involved
Another major reason to hold cryptocurrency assets involved no government, no taxes, no VAT, only pure currency available to buy. Sell or trade.
3. Blockchain plays a crucial role
Blockchain is a next-generation thing. It is going to change the whole game of banking and finance operations. Cryptocurrencies will take banks into digital currency. And blockchain technology will do it for sure.
4. Investment is as simple as never before
You can start investing in crypto as much as you can. As there is no restriction of minimum or max limits to invest or trade. And there are no rules for investing in crypto since no government is watching at your digital asset.
5. Forecasts are promising
Predictions are accurate due to cryptocurrencies graphs which help to understand investors where and when to invest. Which Altcoins are beating another one? Bitcoin prices also change as per forecasts. Every investor must know that cryptocurrency is completely volatile.
Well, I have outlined these 5 valid reasons why you should consider investing in Bitcoin and cryptocurrencies. No wonder why this decentralized digital currency in value over time and prized a number of investors with high returns.
If you are planning to invest in cryptocurrencies, now is the right time than ever. However, it is important that you never forget that high returns come with high risk. Follow Crypto Index for further support regarding your cryptocurrency investment.