Can crypto be a great investment?
Cryptocurrency and blockchain technology have taken the entire planet by storm so it’s not a surprise that more and more people are turning to cryptocurrency investing.
There are many reasons people invest in cryptos in order to achieve their financial goals.
There are also those that invest in the crypto market for the wrong reasons.
Here the top 15 reasons why investors should include cryptocurrencies to their investments.
15 Reasons to Invest in Cryptocurrencies
1. Cryptocurrencies Have Revolutionised Our World
It’s been less than a decade since the launching of Bitcoin – the first crypto ever. But, a myriad of technological advances, innovation and changes have taken place in the world of cryptocurrency trading.
Due to their decentralised nature, cryptocurrencies have changed existing financial system structures up to the point of no return. They have also made it easier to make transactions across borders with low costs and fast processing times.
The great news is that the necessity for central banks has been decreased to a minimum, providing investors with a great deal of freedom and control over their financial information and money.
And do you know what? Crypto investment is not just a trend for the millennials, but real: cryptocurrency is in the future and are worthy of investment. The number of crypto projects is growing according to research, there are over 5,000 cryptos you can invest in there.
2. Cryptocurrencies Are Identified by High Liquidity
If you’re not sure if crypto trading is for you, then we have another valid reason to invest in cryptos this year. The world of crypto trading is distinguished by its high liquidity, which implies that it’s very easy to buy and sell cryptos.
In the case of Bitcoin, for instance there’s always a high demand for this king of cryptography. Statistics show that the amount of crypto wallets by 2020 has risen to over 54 million.
It’s not just a few zealous companies and investors that are eager to purchase the cryptocurrency market and then sell it. Trading in cryptocurrency today is widely accessible.
Since cryptocurrency trading is not a rocket science or a mysterious enterprise reserved for the largest whales in the industry. It is also possible to be part of the crypto world by investing now!
3. The investment in cryptocurrency can lead to significant returns
The primary reason for investors to put money into cryptocurrency is chance of making a profit. It’s true that money turns the world and is among the primary reasons for investing in cryptocurrency.
Although the crypto market is recent, cryptos could yield higher returns when relative to other assets such as stocks. Cryptocurrencies are extremely volatile and, therefore, one could potentially earn huge returns from just one trade.
While we’re at it don’t forget that volatility means traders may lose all their money in a second. So always consider potential risks! As investing in cryptocurrency can be highly demanding, one of the first steps to be successful is to formulate a sound risk management strategy to limit losses.
4. Cryptocurrency Provides Independence and Flexibility
If you choose you want to make a bet on Ethereum or Tezos your crypto-currency is solely yours. In the above paragraph that cryptocurrencies are not dependent on banks that charge exorbitant fees to hold your funds.
Moreover, the crypto market is open 24/7, so there is no need to worry about opening times You can pick 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 plan your schedule and routine for trading. You can trade in at a full or part-time basis; you can trade cryptocurrency while travelling too. Isn’t that cool?
5. For Portfolio Diversification
Are you looking for reasons to invest in cryptocurrency? Even if you are not a crypto enthusiast it is the best option for diversification of your investment portfolio.
What is portfolio diversification? It’s simply a great method to lower risk by spreading your investments across and taking a look at various assets. Like they say, you shouldn’t place all your eggs into one basket? !
Because cryptocurrency generally doesn’t move with other assets, like stocks and bonds investing in cryptocurrency is an excellent way to establish yourself as a successful trader in today’s dynamic and constantly changing world of finance.
6. Unlimited Choice of Coins
Even though nobody questions the legitimacy of Bitcoin in the world of cryptocurrency investing however, the reality is that there are numerous altcoins available to purchase and sell out there. You can choose from a myriad of coins to help diversify your portfolio, and ultimately increase your amount of wealth.
Although some coins that are undervalued could be a risky investment, certain coins merit your attention and provide a compelling opportunity to get into cryptocurrency. The experts say that the top cryptos to explode next year include Ethereum, Ripple, Tezos, Tether, Monero, and Bitcoin Cash.
You don’t need to limit your choices to buying and selling cryptos. You can also trade a vast array of crypto/crypto as well as crypto/fiat trading pairs, with BTC/USD, ETH/USD and LTC/USD some of the most popular trading pairs of crypto to fiat to trade.
7. The Future Cryptocurrencies of the Future Looks Bright
Do you need more motives to consider whether to buy crypto? Here is our reason No.7 The future for cryptocurrency seems promising. While we know that cryptocurrency is highly volatile and volatile, investing in cryptocurrency could be a secure and profitable option when compared with other assets.
Take Bitcoin, for example. Bitcoin is a cryptocurrency with a jagged track record and was declared lost multiple times. In 2017, for instance, Bitcoin reached new all-time-highs of $2000, and in 2018, it was below $5,000. However, Bitcoin has survived its fluctuation and declines – and is still thriving in the ongoing epidemic (with an estimated value of just $15,826) – so people are optimistic about its future.
In fact, many think that investing in Bitcoin in the midst of financial instability is more secure. In a statement, Snappa (Canada’s largest software firm) co-founder Gimmer stated, “Would you rather save cash in a country whose supply is growing every year? Or would you rather save money in a country whose terminal supply is programmatically fixed ?… Fortunately, I believe we now have a superior savings technology available to us. The technology we have has been called Bitcoin.”
8. Cryptocurrency provides security and transparency
Although many people think of cryptocurrency as a source of illegal activity as well as infamous scams like OneCoin investing in cryptocurrency is a lucrative venture, and more and more people putting their faith in cryptos , instead of fiat currencies.
As Satoshi Nakamoto – the elusive figure behind Bitcoin has said “The fundamental issue with traditional currency is the trust needed to operate it. The central bank has to be trusted not to debase the currency, but this history is full of infractions to that trust. Banks need to be trusted to keep our money and transfer it electronically however they lend it out in huge credit bubbles, with only the smallest fraction of reserves.”
On top of that, many cryptos are based on blockchain technology that is considered virtually invulnerable. Blockchain transactions are secured that are signed with a private key and verified with a public key. However the technology allows for great transparency – which is another factor to be a part of investing in cryptocurrency.
9. Blockchain Technology Can Transform the World
Are you looking for additional benefits to investing your money in cryptocurrency? You don’t need to be an expert in blockchain development to appreciate the potential of cryptocurrency and blockchain beyond crypto trading.
With the growing use of smart contracts and apps that are decentralised, blockchain technology can benefit many different industries, including gaming, medicine, businesses, and voting. Just ask any gamer about the remarkable innovations blockchain technology can bring to the world of gaming and digital ownership!
During the ongoing pandemic, in particular, more and more people are turning to blockchain technology and digital payment methods to lower the likelihood of new outbreaks. Data show an increase in the number of downloads of crypto apps during the COVID-19 lockdown that will take place in 2020. Nowadays, even the most skeptical governments are becoming more enthused about cryptos, and regulations are becoming much clearer.
10. Everybody is going Crypto Everyone is going crypto, even Wall Street
With the growing interest in cryptocurrency around the world, more and companies are turning to crypto. Ripple is one example. It is a dazzling cryptocurrency used by a variety of large financial institutions. Let’s not forget that unlike the present SWIFT system employed to pay international transactions, Ripple allows users to send money to countries that are not in their borders with cost-effective rates and in quick processing time.
There’s a good chance that two of the most reputable crypto exchanges in the world, Gemini and Coinbase, have become banking clients of America’s giant JPMorgan.
Governments are also embracing cryptocurrency and shifting to the crypto route. While several are trying to establish their own central bank digital currencies while others (like Italy) have recognised Bitcoin inheritance. The interest in crypto investing is growing in emerging markets such as Kenya as well as South Africa.
And guess what? Major merchants like Virgin Galactic and Microsoft also accept payments via Bitcoin. Do you really need any more motives to consider investing in crypto?
11. Learn New Skills
When you decide to purchase Bitcoin or trade a variety of crypto pairs, the fact is that you need to make the investment in a proper education in trading to become proficient in cryptocurrency investing.
If you don’t turn into millionaire through investing in cryptocurrency, your educational journey will have a positive influence on your trading skills and financial decisions. From day trade strategies to trading psychology techniques, understanding the basics of crypto investing is more than valuable and worthy.
Furthermore, when you are trying to increase your financial skills as well, you’ll be able to improve your ability to control your emotions, discipline and also your habits. It is after all an ongoing journey.
12. Crypto Investing Has Never Been This Easy
The main the main reason No.12 to put your money into cryptocurrency is… The world has not been this easy to make investments in crypto. In today’s technologically advanced world, everyone from every walk of life to learn about cryptocurrency. From online classes to books on trading psychology it is possible to learn about crypto trading for free.
The amount of trading information that is available today is astonishing. Many websites and forums provide useful crypto information , and are quick to reveal scams. It is easy to find coaches to learn from best professionals in this field. Look at some of the crypto kings and their successful tales!
Smartphones and online platforms make cryptocurrency investment simple; all you need to do is to open an account, deposit funds to trade and you’re ready to go.
13. Low Entry Threshold
While certain kinds of investment, such as stocks and real estate, require large amounts of capital initial to begin investing, crypto has an entry point that is low. Why wouldn’t you want to make a cryptocurrency investment?
The great thing is that most platforms out there do not need large amounts to begin trading in and buying cryptos. You can start trading cryptocurrency for as little as $100.
In fact, there’s no requirement for time-consuming and complicated procedures or burdensome paperwork.
14. Exchanges are extremely secure and can provide useful tools
While we all remember the tragic story that was the scandalous Japanese exchange , Mt. Gox However, the good news is that today’s exchanges are more secure and can even compensate victims in case an attack.
Today, a trader can locate a reliable exchange that permits them to start trading and buying digital assets; a trader may also locate a reputable broker who can help them trade CFDs (a fantastic option for novice traders).
Tools for trading are easier to use than before and crypto sites can allow investors to stay informed about the latest news about crypto and major events in the industry. It’s a good reason to invest in cryptos right? !
15. Never is it too late to start investing in Cryptocurrencies
Whether you are a successful Bitcoin investor or crypto enthusiast There’s no time to wait to invest in cryptos. While some think they’ve reached the point where it’s time to make millions (like certain early adopters of the field) is past but the truth is that crypto investing is still the talk of the town.
Actually, cryptocurrency and blockchain have a long ways to go, so even in 2022, you could still be considered to be an early adopter. The feeling being a part of something so new and innovative is overwhelming!
15 Reasons to Invest in Cryptocurrency: Key Factors
The Cryptocurrency market is open all day, every day. There are hundreds of cryptocurrency options available.
Making investments in cryptos is good way to increase your wealth and diversify your portfolio and learn new financial tricks.
The decline of the stock market investment may leads into an increased the value of gold and cryptocurrencies and therefore cryptos are the best investment to make if you would like you to broaden your investments.
We must not forget that blockchain technology is a powerful technology with applications that go beyond the financial industry, so more and more governments are considering investing in cryptos in order to limit instances of pandemics that are currently in progress.
It’s never too late to make an investment in the market for cryptocurrency. Therefore, stop searching for more reasons to get started on your journey to cryptocurrency.
Can crypto be a great investment?