Travel Platforms Accepting Cryptocurrency payments
09.07.2022
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There is a popular quote that "adventures are the best way to learn" and surely,…
This is why you should consider investing in cryptocurrency
Investing in crypto is a new normal today as ambitious investors move with speed to reap big from this growing financial technology. Make no mistake, people have really made fortunes from investing in cryptocurrency just like others cry foul. Like any other investment options available, cryptocurrency continue to face challenges and criticism from naysayers but to be honest, crypto gains more ground each single day. If just to act a fortune teller, the past storms that crypto has weathered indicates that it is an investment to watch.
WARNING: Investing in crypto, or other markets, can be of a high risk for your savings. Do not invest money you cannot afford to lose, because there is a risk for losing all of your money when investing in crypto, stocks, CFDs or other investments options. For example 77% of retail CFD accounts lose money.
Status brief about the crypto market today
The Cryptocurrency market has experienced growth over the past years. Some of the cryptos that have experienced growth include Ethereum, Bitcoin, Polkadot, Tether, and Dogecoin. Also, the crypto market continues to expand. Thus, the need to invest in cryptocurrency.
The cryptos world over are decentralized, meaning there is no central organization controlling their operations and transactions. I believe that in the future, the investments will result in many people becoming millionaires. Unfortunately, there are some people who have not invested in digital currency. They are still wondering why they should invest in it. The following are the reasons why you should invest in cryptocurrency.
The many people who are now into crypto investing are not necessarily doing it out of euphoria or to appear stylish. Yes, it is good to admit that cryptocurrency is a relatively new concept that may appear stylish since it departs from what we know as fiat currency. Over and above the modernity aspect of crypto, investing in them is a real game changer in personal finance building. Here re just but a few reasons why crypto investment may be something worth considering;
1. Crypto is a stable and a long-term store of Value
Have you desired to get a long-term store of value? Then you should think of investing in cryptocurrency. As opposed to fiat money, cryptocurrencies are capped with mathematical algorithms. The issue makes it difficult for any government agency or even political body to influence their value through inflation.
The government cannot interfere with your operations when you use cryptocurrenc
ies. This is because of their cryptographic nature. It makes it impossible for any government body to confiscate or even tax your coins without your consent.
A cryptocurrency is a good place for people who worry about disaster scenarios, bank failures, and hyperinflationary events to invest. For instance, Bitcoin has highly attracted attention because of its censorship-resistant as well as deflationary properties. This is the reason why some people call it digital gold.
2. Cryptocurrency is a good Way of Diversifying investment portfolio
When investing in crypto, you should just take a small part of your savings. The reason is that you do not know how it will perform. Thus, it is important to know the market more before making more investments. While you might have invested in other things, such as stock and real estate, you need other sources to increase your income. Crypto investment is one of the ways. It offers one an asset that exists in a different sphere that is different from the traditional financial marketplace.
Adding crypto to your portfolio is a way of adding an asset. In spite of being volatile, it is a good way of balancing against events. There are some cases where there is a universal influence of financial systems. Thus, when you have crypto as an option, then you are safe.
3. The success of Bitcoin, its main Currency
Since Bitcoin was introduced to the market, it has performed well. Although at times it goes down, overall, it is a good cryptocurrency. Since the introduction of Bitcoin in 2009, its value has increased with time. I believe that the value will continue increasing. Besides, it has made several individuals rich.
The Bitcoin graph history shows that it is random. However, Bitcoin has been increasing from 2012 when it was just $10 per coin. Although there are some forces affecting the growth of Bitcoin, I believe it will continue growing. Moreover, it offers a good investment opportunity currently to the traders who want to join the crypto market.
4. Investing now Can Make You be part of the Future Infrastructure and Technology
Crypto is a wild west. The reason is because it is a new technological infrastructure that one day will have real-world value, such as cloud storage, laptops, and iPhones. Blockchain technology, the technology which is behind crypto, seems to be a future of a certain industry that no one has thought of.
In the Blockchain space, technology might solve some of the headaches in varied industries. Also, it can be an instrument for developing better technology for use in VIP membership communities, concert tickets, reservations, supply chain transparency, voting access, and identity protection. Therefore, the investors who have identified their desire to support some of the projects can do so by buying tokens from a specific company or project.
5. The Future Monetary Systems are Built on Cryptocurrency
The real value of crypto is getting reinforcement in the service and retail establishments accepting Bitcoin. Adoption of cryptocurrency is also taking place. Companies are accepting the fact that cryptos are the future of digital currency. For example, in the 2021 fall, Deloitte announced that it would partner with Avalanche, which is an upcoming cryptocurrency token. The partnership is believed to “leverage the Avalanche blockchain for better security, accuracy, and speed for Federal Emergency Management Agency funding, while also assisting state and local governments who want to streamline disaster reimbursement applications.”
6. Investing in Crypto can be a good passive investment option
“Sit long” is usually a good advice, but those who dig in to the market analysis and really put some effort in understanding the financial instruments involved, can have som luck with daytrading and other means of holding short positions. This is not for everyone though and beginners should rather buy a cryptocurrency thye really believe in and then use time to get familiar with the risks involved toether with a comprehensive amrket/investment understanding.
By trading, pooling, staking, and lending, decentralized finance investors are able to earn interest. They can do so by allowing crypto to be part of the ecosystem. For example: You can lock your investment a certain time period in earning periodic interest. The DeFi strategies are mainly popular among individuals with time in their hands as well as discretionary cash wanted to participate. Research what you invest in as there has been several exchanges and other crypto investment possibilites that shut down over night – and ordinary poeple have lost their life time savings. So in that respect in unregulated market (as crypto is in many countries) the risk involved is way higher thatn in the traditional stock market fx. Even though that might be expected for an investment option like crypto, that hasnt existed for too long, you dhould really put some effort in researching where you put your money, the company behind it and what rights (if any) you have in the case of a bankrupcy, liquidity etc.
