Are cryptos a good investment?
Blockchain technology and cryptocurrency have taken the globe by storm and it’s not a surprise that more and increasing numbers of people have turned to cryptocurrency investing.
There are many reasons individuals invest in cryptos to achieve their financial objectives.
There are also those who invest in the crypto market with the wrong motives.
Here are the top 15 reasons that investors should include cryptocurrencies within their investment portfolio.
15 reasons to buy crypto
1. The Cryptocurrency Market has Changed Our World
It’s been just over 10 years since the introduction of Bitcoin – the first cryptocurrency ever. Yet, thousands of technological advancements, innovations and changes have already been witnessed in the ever-changing market of trading in cryptocurrency.
Due to their decentralised nature, cryptocurrency has transformed the traditional banking system to the point of no return, making it possible to conduct transactions across borders with low cost and with speedy processing.
The good news is that the requirement for central banks has been decreased to a minimum, giving investors a lot of autonomy and control of their finances information and their money.
And you know what? The investment in crypto isn’t an millennial-inspired fad but an actual fact: cryptos are in the future and are worthy of investing in. The number of crypto-related projects is growing according to research that are available, there are more than 5,000 cryptos that you can invest in out there.
2. Cryptocurrencies are characterized by high Liquidity
If you’re uncertain if trading in crypto is right for you, there is another reason to consider investing in crypto this year. The cryptocurrency market is characterized by high liquidity, meaning that it is easy to purchase and trade cryptos.
In the case of Bitcoin For instance there’s always a high demand for the most popular among all cryptocurrency. The data show that the number of wallets that use crypto in 2020 is now over 54 million.
It’s not just a few zealous business owners and investors who are willing to purchase or sell crypto. The cryptocurrency market is now highly accessible.
In the end, trading in cryptocurrency isn’t a scientific research or a mystical business reserved for the biggest whales of the industry. You can also be a part of the crypto world by investing now!
3. The investment in cryptocurrency can lead to high returns
One of the primary reasons for investors to put money into cryptocurrency is potential to earn a profit. As we all know, money is the reason that makes the world spin and is among the primary reasons for investing in cryptocurrency.
Although crypto trading is new, it can yield higher returns when in comparison to other investments, like stocks. Cryptocurrencies are extremely volatile and, therefore, one could earn a substantial profit from just one trade.
However we must not forget that volatility can also mean that traders could lose everything in a split second. So always consider potential risks! Since investing in cryptocurrency can be extremely demanding One of the initial steps to be successful is to develop a successful risk management plan to minimize the loss.
4. Cryptocurrency Provides Independence and Flexibility
If you choose whether to put your money into Ethereum or Tezos the money you earn from cryptocurrencies is yours to keep. As mentioned earlier the cryptocurrencies don’t rely on banks with high charges to store your cash.
Additionally, the market for cryptocurrency is accessible 24/7, which means you don’t have to be concerned about the opening hours and you can decide the time and method you prefer to purchase and sell. Doesn’t that sound like a great reason to invest in crypto?
That’s right! It’s up to you to organize your schedule and routine for trading. You can trade at a full or part-time basis; you can also trade cryptocurrency while traveling as well. What’s not to love?
5. For Portfolio Diversification
Are you looking for additional advantages to investing in crypto? Even if you’re not a crypto-lover investing in cryptocurrency is an excellent option for diversification of your investment portfolio.
What exactly is portfolio diversification? It’s a simple way to lower risk by spreading your investments across and looking at different types of assets. It’s been said that it’s not wise to put all your eggs into one basket, do you think? !
Since cryptocurrency doesn’t typically move along with assets like stocks and bonds and bonds, investing in cryptocurrency is an effective way to make yourself a successful trader in the current and ever-changing financial world.
6. Unlimited Coin Choice
Although nobody doubts Bitcoin’s legitimacy in the world of investing in crypto however, the reality is that there are a myriad of altcoins that you can buy and sell available. There is a wide selection of coins that can help you diversify your portfolio and possibly boost your wealth.
Although some coins that are undervalued could be risky investments, other coins are worth your consideration and provide a compelling incentive to consider investing in crypto. Some experts believe that the most popular cryptos that will explode in the coming year include Ethereum, Ripple, Tezos, Tether, Monero, and Bitcoin Cash.
There is no need to be restricted to trading and buying cryptos. You are also able to trade a broad variety of crypto/crypto and fiat/crypto trading pairs, with BTC/USD, ETH/USD and LTC/USD being among the most well-known cryptocurrency to fiat pairs that you can trade.
7. The Future of Cryptocurrencies Looks Bright
Do you require more convincing motives to consider investing in crypto? Here’s our argument No.7: The future of cryptocurrency appears promising. Although we are all aware that cryptocurrency is highly volatile and volatile, investing in cryptocurrency could be a more secure and appealing option compared to other investments.
Consider Bitcoin as an example. Bitcoin is a cryptocurrency with a rocky track record and was declared lost several times. In 2017, for instance, Bitcoin reached new all-time-highs of $20,000and in 2018 it dropped below $5,000. However, Bitcoin has survived its fluctuations and crashes – and continues to grow during the current epidemic (with an estimated cost of $18,826) and the investors are very optimistic about the future of Bitcoin.
Many think that investing in Bitcoin during times of financial uncertainty is more secure. According to Snappa (Canada’s most renowned software company) co-founder Gimmer stated, “Would you rather save money by investing in a currency whose supply is increasing each year? Or , would you prefer to save money in a currency whose the supply of its terminal is fixed ?… I am convinced that we have a better savings technology that is available to us. This technology can be described as Bitcoin.”
8. Cryptocurrency Provides Security and Transparency
Although many people believe that cryptocurrency is associated with illegal activities and infamous scams, like OneCoin investing in cryptocurrency can be a lucrative business, with increasing numbers of people placing their faith in cryptos rather than fiat currency.
As Satoshi Nakamoto, the mysterious person behind Bitcoin has said “The primary issue with conventional currency is all the trust required for it to function. Central banks must be able to be relied upon not to lower the value of the currency, however it’s been a long time since fiat currency has had a history littered with violations of this trust. Banks should be trusted to keep our funds and electronically transfer it however, they loan it out in the form of credit bubbles, with only an ounce of reserve.”
In addition the fact that many cryptos are built on blockchain technology, which is thought to be virtually unhackable. Blockchain transactions are secure and signed with an individual key, and then verified with a public key. In addition it provides the highest levels of transparency which is another motive to consider investing in crypto.
9. Blockchain Technology can transform the World
Are you looking for additional motives to consider investing in crypto? You don’t need to be an expert in blockchain development to appreciate the potential of blockchain and cryptocurrency beyond trading in crypto.
With the growing use of smart contracts and decentralised applications blockchain technology could benefit various sectors, such as business, medicine, gaming and even voting. Ask any gaming enthusiast about the amazing innovations blockchain-based technology could bring to the realm of gaming and digital ownership!
In the current pandemic particularly, more and more individuals are turning to the blockchain technology and digital payment methods to lower the chance of developing new outbreaks. The data show an increase in downloads of crypto-related apps during the COVID-19 lockdown that will take place in 2020. Even skeptics and strict governments are becoming more enthused about cryptos as regulations become much clearer.
10. Everybody is Taking Crypto Everybody is Going Crypto, even Wall Street
With the growing interest in cryptocurrency around the world, more and organizations are embracing crypto. Ripple is one example. It is a dazzling cryptocurrency used by a variety of large financial institutions. It is important to note that, unlike the present SWIFT system used to pay international transactions, Ripple allows users to transfer money across borders at affordable costs and with quick processing time.
It’s true, two of the top cryptocurrency exchanges in the globe, Gemini as well as Coinbase, are now bank clients of the giant American bank JPMorgan.
The government is also taking on cryptocurrency and are considering going cryptocurrency. While some are working on developing their own digital currencies for central banks however, some (like Italy) have recognised Bitcoin inheritance. The demand for crypto investments is growing in emerging markets, like Kenya as well as South Africa.
What’s more? major retailers like Virgin Galactic and Microsoft also accept payment via Bitcoin. Do you really need any more motives to consider investing in crypto?
11. Develop New Skills
If you choose to purchase Bitcoin or trade other crypto pairs, the fact is that you must make the investment in a proper education in trading to learn the art of cryptocurrency investing.
Even if you do not become millionaire through investing in crypto, your education process will have a positive impact on your trading abilities and financial choices. From day strategies for trading to psychology of trading techniques, understanding the basics of cryptocurrency investing is worthwhile and valuable.
Additionally, as you work to enhance your financial abilities and abilities, you’ll be able to develop control of your emotions, discipline, and also your habits. Learning is an ongoing process.
12. Crypto Investing Has Never Been This Easy
The the reason No.12 to make a decision to invest in cryptocurrency is that… There has never been easier to make investments in crypto. The modern world of technology allows everyone from every walk of life to be educated about cryptocurrency. From online classes to books on trading psychology you can get started with crypto trading at no cost.
The volume of information available on trading present in the market today is staggering. Numerous websites and forums offer valuable crypto-related information and are quick to reveal scams. You can easily locate an instructor and learn from some of the top experts on the market. Take a look at the crypto kings and their successful tales!
Smart devices and online platforms allow cryptocurrency investments to be simple All you have to do is create an account, make a deposit and begin trading.
13. Low Entry Threshold
While certain types of investments like stocks and real estate require large amounts of capital initial to begin investing, cryptocurrency comes with an entry point that is low. Why wouldn’t you want for you to consider investing in crypto?
The positive side is that a lot of platforms do not require large sums of money to begin trading and buying cryptos. It is possible to begin trading cryptocurrency starting with just $100.
There’s no need for lengthy and cumbersome processes and burdensome documentation.
14. Exchanges are highly secure and provide valuable tools
We all have a fond memory of the terrible story that was the famous Japanese trading platform Mt. Gox The positive news is that today’s exchanges are safer and could even pay victims in the event an attack.
Today, traders can locate a trustworthy exchange that lets them begin buying and selling digital assets. A trader is also able to find a reliable broker who can help them trade CFDs (a excellent alternative for those who are new to trading).
Tools for trading are more user-friendly than they were before and crypto websites aid investors in keeping up-to-date on the latest news about crypto and major developments in the field. An excellent incentive to consider investing in cryptocurrency, isn’t it? !
15. Never too late to invest in Cryptocurrencies
If you’re a successful Bitcoin investor or a crypto enthusiast It’s never too late to invest in cryptos. Although some people believe it’s past time for you to earn millions (like many of the early adopters of the field) is over however, the reality is that crypto investment is still an ongoing topic.
In reality, blockchain and cryptocurrency are still a long way to be taken, and even in 2022, you could still be considered to be an early adopter. The excitement that comes from investing in something that is so new and innovative is overwhelming!
15 reasons to invest in Cryptocurrency Key Factors
The market for cryptocurrency is open all hours of the day and has hundreds of cryptocurrency options available.
The investment in cryptos is a excellent way to boost your wealth and diversify your portfolio and master new financial strategies.
The decrease in the value of stock market could lead the increase of the value of gold and cryptocurrencies and therefore cryptos are the best option to invest in if you are looking for diversification in your investment portfolio.
We must not forget that blockchain technology can have impressive applications that go beyond the financial industry So, more and more governments are looking into investing in cryptos in order to limit spread of the pandemic.
There’s no time to wait until it’s too late make an investment in the cryptocurrency market. Don’t look for any more reasons to begin your journey to cryptocurrency.
Are cryptos a good investment?