In recent months the price of Bitcoin has skyrocketed, and the cryptocurrency is currently trading at over $28,000. While this is a great indication for those who made an early investment in Bitcoin, it also means that now is a fantastic time to buy Bitcoin.
Those who have yet to take the plunge may be wondering: “Should I invest in cryptocurrency?” The answer is a resounding “yes!” Here are five reasons why you should invest in cryptocurrency:
You’re investing in the future
Cryptocurrency is the first form of digital cash, meaning it’s not tied to a bank or government. As such, it represents the future of finance. By purchasing cryptocurrency now, you will not only be able to enjoy its vast benefits, but you will also prepare yourself for what will certainly be a cashless future.
There are many options available
Bitcoin isn’t the only cryptocurrency available. There are currently over 5,000 cryptocurrencies on the market and more are expected to emerge in the coming months and years. These include Ethereum, Litecoin, Cardano and Polkadot.
Cryptocurrency is secure
If you’ve been following the news lately, you know that there has been a
The cryptocurrency market has exploded in popularity over the past few years. The most popular, Bitcoin, is now worth an estimated $120 billion. Investing in cryptocurrency may seem scary, but it could be a good way to make money.
Here are five reasons why you should invest in cryptocurrency:
4.It’s cheaper to use than conventional currency
5.Many banks are using blockchain technology
You have probably heard of Bitcoin and the altcoin craze of 2017. But you may still wonder: Why should I invest in cryptocurrency? Here are five reasons why you should.
1. Cryptocurrency is a long-term play
2. The market will eventually stabilize
3. Cryptocurrency is more than just Bitcoin
4. Cryptocurrency is global
5. Cryptocurrency is secure
Before I begin, I am not a financial adviser and this is not financial advice. Cryptocurrency is a high-risk investment. It’s extremely volatile and you could lose your entire investment. Do your own research and make your own investment decisions.
If you’re reading this blog, then you probably know that cryptocurrency is the hottest thing right now. Bitcoin has soared over $20,000 per coin, Ethereum has risen over $1,000 per coin, Litecoin has risen over $300 per coin and many other coins have seen huge gains as well.
But how do you get started investing in cryptocurrency? You could buy some bitcoin or ethereum from an exchange such as Coinbase or Binance and keep it in a digital wallet such as Coinomi or Exodus. But there are other ways to invest such as Initial Coin Offerings (ICOs) and ICO Airdrops.
What is an ICO? An ICO is where a new digital currency is offered for sale to investors who wish to acquire the new token by paying a certain amount of bitcoin or ethereum. Many ICOs require you to be whitelisted in order to participate but others allow you to buy the tokens when they become available through an exchange such as EtherDelta or B
Bitcoin has had a good run since its inception in 2009. The cryptocurrency, which has been around for more than nine years now, saw its price rise from under $1 to over $19,000 early December 2017.
That’s a staggering more than 1.8 million percent increase in value!
And it’s not just Bitcoin that has been on fire lately. A lot of other cryptocurrencies have also seen their prices soar in the last few months such as Ethereum, Litecoin and Ripple.
So should you join the party? Many experts believe it will continue to grow from here and if you buy now, you could make a lot of money later on. But is it worth it? Is it too late to invest? Is it a good idea at all?
I’m not an expert in crypto investing but I’ve been researching it for the last few months and I believe there are five key things everyone should know before investing in cryptocurrency: