The cryptocurrency market has been the hot topic as of late and has been growing more and more rapidly; the market value increased exponentially in 2017-2018. The underlying technology of cryptocurrencies – called Blockchain technology – with it’s nearly impenetrable security, is changing the world as we know it.
Reasons why you should invest in cryptocurrencies:
The usual trade returns cycle is something like this: in early 2016, the purchase of S&P 500 stocks for, lets say $1,000 would have brought a return value around $1,200 in the current market. Let us now compare Bitcoin’s rate of return with that of S&P stocks. If you were to invest the same amount in Bitcoin in 2016, the current value would be $6,390! Safe to say the potential for growth is massive.
“Cryptocurrency adoption is currently 0.2 percent and has been doubling by 100 percent a year. At this rate, the potential and opportunity over the next ten years is vast. Despite some downturns, that kind of growth potential and growth rate shouldn’t be overlooked.” — Patrick Gray, CEO of HashChain Technology.
Cryptocurrency market is volatile, therefor intimidating, especially with complexities of understanding the blockchain technology. This is one of the main reasons many stay away from investing. But that is a general misconception for this set back. The complexities of the technology doesn’t effect general users.
The fact that cryptocurrency intimidates most people is why you should jump on the bandwagon earlier than most. It’s a learning curve, but the rates of return are fantastic so take the opportunity and reap the sweet rewards while the world speculates.
Blockchain technology is decentralized, distributed network; unlike current government systems and monopolistic corporations with no transparency, which most of us hate. Who doesn’t want a truly democratic ecosystem, have a real say in how things operate. Blockchain technology is restoring the decision making power back to us. No more depending on financial institutions for transferring money that comes with sky-high fees. Private digital wallets to store your coins gives you all the control of your money. Think of it like having your own bank where you make your own rules! Currency generation and transactions on the ledger are all recorded and are visible to all the members in the network, so no activity will go invalidated.