15 Reasons Why You Should Invest in Cryptocurrency

 Before jumping into the topics, you would like to know what Crypto Currency is. A cryptocurrency is a digital currency or virtual currency which is decentralized based on blockchain technology (blockchain technology is record-keeping technology behind the crypto technology). 

You may be aware, Elon Musk tweeted that Tesla would no longer accept bitcoin as payment for vehicles, and bitcoin prices were down over 4%. Bitcoin is not the only cryptocurrency in the market. There are other cryptocurrencies such as Ethereum (ETH), Litecoin (LTC), ardano (ADA), Polkadot (DOT), Stellar (XLM), Binance Coin (BNB), and so on. Elon Musk’s statement is not ethical. He should have done the correct decision before accepting the payment for Tesla’s vehicle.  I am going to explain 15 reasons why you should invest in cryptocurrency.

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Reason -1: It may be the future currency

The 2008 economic crisis showed us that traditional banking systems are flawed. Now a day, everyone is seeking the need for viable alternatives and that is exactly what crypto offers a secure decentralized system away from banks and governments.

Reason -2: It is the biggest technological invention

When the internet was taking off, there was a blockchain and crypto revolution. It is the same for crypto transactions using blockchain. As I mentioned earlier, blockchain is used for cryptocurrency creation.

Reason -3: better for an investment opportunity

Cryptocurrency has huge potentials to grow and bring great returns for investors. If you invest in bitcoin just 5 years ago, that would be worth more times of bitcoin you had.

Reason -4: This is a solid alternative for saving money

If you are saving in a bank, the saving interest rate may be blow than the inflation rate, but inflation doesn’t affect the crypt currencies. If you invest in cryptocurrency now, you will get more value in the future.

Reason -5: Safe from inflation

As I mentioned in the previous point, cryptocurrencies are not affected by inflation. Traditional money is always going down in value because of inflation. The value of money goes down compared with the value of goods and services is called inflation. Cryptocurrencies get created as a solution for the financial problems that means cryptocurrency holds its value and its inflation proof.

Reason -6: Easier to get into cryptocurrency

If you have a smartphone with an internet connection, you can get into cryptocurrency. For most traditional investments you have to fill more forms; even you have online access to invest in those investments. it will take some time to buy and sell but cryptocurrency you can buy and sell any time.

Reason -7: No one controls your money

Regular money is controlled by banks and governments, but cryptocurrency is controlled by no one and everybody at the same time. It is in everyone's interest to keep the crypto network active and healthy.

Reason -8: Best security on the market

Every transaction is recorded permanently at anytime transactions taking place by using blockchain technology. No one cannot be erased the transactions.

Reason -9: The lowest fees

Cryptocurrency fees are determined by users and that means it is in their interest to keep them lower than stockbroker fees or other investment fees. There is no institute making a profit from these transactions, but cryptocurrency mining companies can make a profit. You can be able to invest in cryptocurrency without crypto mining companies.

Reason -10: Blockchain is here to record

The blockchain is in the same way that Facebook or Google are built on top of the internet. Blockchain makes crypto possible to build on them. All crypto transactions are recorded on the blockchain and no one can not delete them.

Reason -11: High returns

I have already told you, we cannot predict how much cryptocurrency goes up. If you invest in cryptocurrency now, you can get many times value in the future.

Reason -12: Limited supply

Unlike traditional banks are decided to print the money, cryptocurrency can not be realized when and where needed. Cryptocurrency is limited by the source code. It realizes the limited number of new coins and that is the reason, cryptocurrency is not affected by inflation.

Reason -13: No government involvement

The governments have lots of options to manipulate the value of traditional money, but the crypto price is decided by the free market, not governments. As per the people's interest to buy or sell, crypto will go up or come down.

Reason -14: It is at an early stage

Cryptocurrency is in its early state. Since bitcoin was created in 2009, it is 12 years old. As I told in the previous point, cryptocurrency has a limited supply; this is a good time to invest.

Reason -15: Big businesses are taking it seriously

There are big businesses taking crypto to do the payment in bitcoin example – Microsoft, McDonald’s, KFC, subway, virgin, and so on.

Hope you have got a better understating of what is cryptocurrency and why you should invest in that. There are lots of platforms you can use to invest in cryptocurrency. There are some cryptocurrency mining companies are available in the market. Be aware of scams. There are people introducing them as cryptocurrency minors. All are not a scam. Before working with them, make sure they are not a scam. Even if there are lots of cryptocurrencies in the market, bitcoin is a famous cryptocurrency. Other cryptocurrencies may become famous in the future.

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