2018-9-10 06:44 |
Is Now the Time to Invest in Cryptocurrency
Cryptocurrencies have been around for almost a decade now. Ever since Bitcoin was first launched, the trend started spreading like a wildfire. It combined the elements of mathematical theory, computer science, and financial industry. As such, it became an instant money market trend, and to this day, it only became stronger.
Cryptocurrencies first appeared during a time of financial insecurity, just after the economic crisis of 2008. The goal was to remove the power that the banks and financial institutions had over the money of regular people. Through cryptos, and blockchain as an extent, the coin holders themselves are responsible for managing money and validating transactions.
People liked the idea of not depending on banks anymore, and so the trend grew and developed. Today, there are almost 2,000 live cryptocurrencies, and more of them appear all the time. Of course, this is still considered to be a new technology. It has yet to reach mainstream usage and mass adoption. Additionally, it still has numerous issues to take care of, but it is working hard to tackle all the issues that are still bugging it.
One of the biggest reason for the fact that cryptos have yet to reach mass adoption is the lack of trust. They are a new form of money, which is a huge change for the society, in general. We have used the physical money for as long as the civilization existed, and a transfer to digital currencies is a big deal. However, more and more people are realizing the benefits of such a change, and are turning to cryptos.
If you wish to learn what some of those benefits include — you are in the right place. Just sit back and relax as we list top 7 reasons why you should consider joining the trend and investing in cryptocurrencies today.
Why Should Invest in Cryptos? 1) Better SecurityNaturally, when you have money, you want to keep it safe and secure. Cryptocurrencies can offer much better security systems due to their use of cryptography. The difference between crypto and traditional money protection is that with cryptos, you put your trust in math, not the bank's IT department.
Blockchain technology, while not unhackable, is still as close to unhackable as we can possibly get right now. Your money will be much safer on the blockchain than anywhere else. Also, you are the only one that has access to it, and that can manage it.
2) Privacy & AnonymityPrivacy and anonymity are among the biggest and most important features of the crypto trend. They prevent third parties, banks, and even governments from spying on your activities and knowing what you buy and invest in. The crypto community agrees that this is the user's own business, which is why these features were developed in the first place.
Some skeptics believe that this allows criminals to fund illegal activities without supervision. However, in truth, this is a method of protecting the regular people and allowing them to keep their freedom of speech. Criminals have found a way to fund their illegal activities with fiat currencies as well, but that doesn't make them bad. In the end, everyone gets to use their own money however they like, only with cryptos, being spied upon is out of the question.
3) Low Transaction FeesThe fact is that cryptos offer much lower fees than any other method of sending payments. Whether you compare them with traditional banks and financial institutions, or with their online counterparts, it doesn't matter. The fees for making crypto transactions can often end up being only a fraction of a dollar. In some cases, they are completely non-existent. This is also what often encourages new investors to get more involved in trading.
4) They are Easy to Access and ManageAccessing cryptocurrencies is easy, permissionless, and instant. You do not need anyone's permission to do anything or access them at any time and from any device. You are free to send them, receive them, and manage them in any way you see fit. Additionally, you do not need to buy a pricey software or hardware, nor do you need licenses or training. All you need is a smartphone or a laptop, and you can instantly access all of your digital funds.
5) ConvenienceIf you have to travel often, or you live “on the road”, you might find it difficult to cross the border with larger amounts of money on you. This has been a large issue for a long time, especially when it comes to legality of doing so. With cryptos, you are free to travel around the world, even with millions in your account. Cryptos are lawfully portable, and easy to legally access from pretty much anywhere in the world. This makes them much more convenient than regular money.
6) No ObligationsYou probably never even think about it, but traditional banking systems are actually created by debt. This is completely different from cryptocurrencies, and when you open a wallet, what you see is what you get. There are no obligations or hidden fees. All is transparent and honest.
7) Cryptos are the FutureFrom everything pointed out up to now, it is obvious that cryptocurrencies are a much more superior option to fiat currencies. They are the money of the future, and a lot of experts believe that we are only a few years away from mass crypto adoption. When it arrives, it will benefit you greatly if you are already familiar with how everything works. Additionally, you can even use them to make a significant profit right now. The prices are still quite volatile still, but a skilled investor can use this to his advantage.
Because of this, don't be afraid or skeptical of cryptos. Embrace them, learn more about them, and invest when you feel confident enough to do so.
Similar to Notcoin - Blum - Airdrops In 2024
Bitcoin (BTC) на Currencies.ru
|
