Cryptocurrency

If you have always been thinking to invest in cryptocurrencies but avoided doing it because of the volatility in the market, I say now is the best time to invest in cryptocurrencies.

Here’s why.

Except for one or two unexpected falls, the crypto market has been growing at an unprecedented rate and has made many people reach over the years. The reason why this industry has been so successful is not just the cryptocurrencies like Bitcoin but the underlying technology, called blockchain.

So, if you are wondering when or why you should invest in cryptos, here are the top reasons why you should do it now.

Huge Returns

Of course, the primary reason for anyone to invest in something is to make money/profits. If money is your goal, the crypto market won’t disappoint you.

For instance, Bitcoin has produced a return of nearly 500% in the last 3 years (2016-2019) as compared to just 20% returns of traditional stocks.

If we talk about ETH, the return has been even superior. In the period between 2017 and 2019, the price of ETH has grown by almost 46 times, which means the investors have received a return of around 4600%.

If this doesn’t motivate you, I don’t know what will.

Let’s just forget about the big coins like BTC and ETH, and talk about other less-known coins. Are the returns similar or even in the range?

Titan coin, a digital currency that is only 2-years old, gave its investors a return of about 100% in a period of 1 year (April 2019 - January 2020), which is more than any stocks or mutual fund returns.

One thing that you’ll notice in almost all of the new cryptocurrencies is that they all come with a specific purpose or solve a real-world problem, which is the main driving factor for the coin’s value.

However, before you invest in new coins, make sure to do your research and investigate everything about the coin and the team to ensure you aren’t investing in a scam project.

Cryptocurrency Market is Still in the Infancy Phase

Even though cryptocurrencies have been around for over 10 years now, most people still find it difficult to understand all the jargon associated with trading (buying, selling, holding) cryptocurrencies on an exchange. Moreover, the reach of these digital currencies and exchanges that trade them is still limited to a few countries. This is the reason why so many people, especially novice investors, choose to stay away from cryptocurrencies.

But, that creates a wonderful opportunity for other investors who want to try out their luck in this field. Joining the crypto trading and investment industry at an early stage would give you an edge over those who are still behind in the race.

And of course, the growth potential is ever-high in the crypto industry, so the earlier you start learning, the more benefits you can reap.

Empowering Decentralized Economy

Like I said before, the real power of cryptocurrencies lies in the underlying technology, called blockchain.

Blockchain is a distributed ledger technology (DLT) that allows peer-to-peer transfer of digital data without any central authority. So, if you are an advocate of decentralized economy and want a way to perform transactions without the consent of banks and other centralized authorities, blockchain is the way.

Blockchain empowers a decentralized economy, taking the power from central authorities and giving it back to the masses. In other words, the technology enables you to perform any kind of financial transactions, without having to depend on external or intermediary institutions like banks or paying a transaction fee for the same.

There are coins like Bitcoin and TTN that can be used for making payments in a completely decentralized fashion to anyone, anywhere in the world with a very small transaction fee.

Moreover, you get complete control over your money and how it is managed, processed, etc. It’s like having your own bank with your own rules.

Cryptocurrency transactions on a blockchain are public, and therefore, maintain complete transparency, which avoids the probability of a fraud transaction.

The power of a decentralized network like blockchain depends on how many users trust and use the system. So, the more users contribute their resources to perform calculations and process transactions (a process called “mining”) in a blockchain, the stronger will be the network. So, instead of opposing it, why not join hands to create a decentralized economy?

Opportunity to Do Big Things

No one will remember who made big profits in the 2017’s crypto revolution. The thing everyone will remember is who leveraged the opportunity to create something new that turned out to be quite big in the future.

For instance, during the 90s when the internet was in its nascent stage, people like Sergey Brin and Larry Page took the opportunity to create something (Google) that everyone wanted, which eventually made them not just famous but very rich.

Similarly, you can take this opportunity to create something new, a product or service or a project, based on blockchain technology that solves a real-world problem.

For instance, Bitcoin’s digital payment system if widely accepted will solve the cross-border payment issues like high transaction fee, processing time and need of middlemen.

So, if you are someone who isn’t just after money but want something bigger in life, then this is the opportunity to create something that has a great future value.

Conclusion

So, basically, what I’m trying to say is - this is the best time to get associated with cryptocurrencies and blockchain.

The crypto world is growing, and it is very likely going to change the way we perform digital transactions, data & money transfers, digital security, and many other things. This decentralized way of performing things will become a norm very soon and in a range of industries, including but not limited to, healthcare, travel, finance, among others.

New products and services are being developed and launched every day on the blockchain platform. The world is accepting cryptocurrencies with wide arms. Do not stay behind in the race. Join today!

It’s never too early or too late to join the futuristic revolution that cryptocurrency is.