Reasons to invest in cryptocurrencies has everyone from the pros to the amateurs on a frenzy. Block chain technology is the driving force of the Cryptocurrency machine. It was created with the sole purpose of creating a future world that is free of financial chaos.
You could say cryptos are similar to art masterpieces in a sense that they are both unregulated and worth as much as what someone is willing to pay.Last year, the world was stunned with news of cryptocurrency’s bloom. Entrepreneurs and traders who invested in it were thrilled with astronomical returns. This news had Crypto unbelievers bewildered and grappling with the reality of missing out on an opportunity of a lifetime.
It’s still early and not too late to get in assuming you’ll do some research. The fact that there are numerous currencies to choose from means you have to decipher the legitimate from the frauds. Most people that payed close attention have heard of bitcoin, bitcoin cash, ripple, ethereum, litecoin and so on. If you haven’t heard of steem by now, it’s time to take notice and have a skin in the game.
Steem is a crypto used to power steemit, a social media platform. Steemit pays cash when you post things other people deem useful. Unlike most social Medias where you only get thumps up or hearts for your content. The platform has been growing since its inception with lots of smart people willing to share knowledgeable information and answer any questions you may have.
That’s one of the great reasons to invest in cryptocurrencies. So what else does Cryptocurrencies bring to the table?
Here are a couple reasons to invest in Cryptocurrencies:
- Ideological Empowerment
If you’re an ideological rebel, someone who detests the status quo underpinned by a centralized system of Government, then Cryptocurrency is for you. Big Banks, Conglomerates, and Mega Corporations hold sway in the economy. They influence the way Governments are run globally and ensure that Governments only serve their interests, thereby caring less about the masses.
What if this all changes? A situation in which the masses are empowered to take charge of their destinies arises?
The system of decentralization of Cryptocurrency provides for democratic values within the system; you have full control of your finances without any central regulation covering the way you utilize your currency in your wallet.
The way Cryptocurrency is set up through Blockchain technology makes it unprofitable for attackers to try to compromise the system; rather they are going to gain more when they engage in a process called mining. Miners get rewarded for adding, securing and verifying transactions to the blockchain. As well as releasing new currency.
- Amazing Returns on Investment
Putting Bitcoin’s rate of return against S&P 500 stocks shows a heavy skew in profit towards Bitcoin. For example, the Dow Jones Industrial Average returned 28.11% with dividends reinvested in 2017 which isn’t bad at all. However, if you had decided to get into Coinbase or the other exchanges and buy some $100 worth of Bitcoin a year ago, it would be worth well over $1,000 (over 1,000% percent return) today. Amazing right? If it is, you should consider seizing this opportunity.
- Participation
Another difference is you’re able to own fractional shares. Let say you like Amazon and want to own its stock today, you have to be ready to pony up $1221 for each share. But with cryptocurrencies, you can start with any amount which is why you should invest in cryptocurrencies.
- Potential for large-scale growth
A lot of people shy away from Cryptocurrency mining due to the perceived complexities that the technology possesses. The use of technical computing terms usually causes people to shy away from the amazing opportunities Cryptocurrency has on offer. Navigating through the exchange, initiating coin transactions and managing wallets can be quite arduous to the unprofessional eye.
This should serve as a cue for you to be a part of this system. Just like in Network Marketing, the initial entrants into a Network Marketing Scheme turn out to be standout beneficiaries, while the late entrants get to pick up the scraps. As soon as there is mainstream leverage on Cryptocurrency, the masses will start rolling in, thereby ensuring a boom in returns of investment.
In conclusion, those are reasons to invest in cryptocurrencies. They are the future, one that has a lot of potential. You will be doing yourself a huge favor when you become a part of a system that is projected to boom. The future is now, why wait? Sacrifice getting those new pair of shoes or a few trips to the club and put it towards cryptocurrency.
Also checkout One Cannabis Stock To Speculate.
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