Investing in Cryptocurrency could be the smartest move you make this year; this is according to Andrew Pritchard, a Cryptocurrency expert. But still, this statement is not enough to change the minds of crypto critics who have openly dismissed the trade as a bubble, waiting to burst, especially after recent events in the market.
You see, a few months ago, the crypto boomed and early traders becoming instant millionaires. That’s when the hype started. However after a few weeks, the price nose-dived. This is when rants of the market being a fraud started. But the currency is still proving them wrong.
Although the prices are a shadow of what they were in mid-December 2017, there is no denying that the trade is legitimate and neither a Ponzi nor a pyramid scheme as put earlier by critics.
You are probably wondering how this reason is our number one considering the negative effects of regulation announcements have on popular coin prices.
Well, the truth is that regulation is relatively good for the investor. On one hand, it puts a backstop for unscrupulous currencies. Investors, therefore, don’t have to worry about losing their investments.
On the other hand, a good investor knows that the best time to buy is when prices are low. These regulations do bring down prices for the highly volatile trade. If you missed out buying the currency in 2012, don’t miss this chance. Because they will surely go back up.
2. The Future Is Blockchain
As people are busy discussing the bubble of Bitcoin, they forget that bitcoin is just a tip of the large iceberg of Blockchain technology underneath. These discussions have become so centered on the coin that they blind you to the reality of the technology behind the trade- Blockchain.
Majority of critics actively criticizing Bitcoin cannot deny that the technology behind it is eye-opening and the future. That’s why you won’t stop hearing news of top companies like Microsoft finding ways to incorporate the trade in their businesses.
3. No Barriers For New Investors
It is getting incredibly easy to get into the trade. All you need to have is a wallet account and know how to trade.
The only difficult task before was identifying a legitimate wallet because there are loads of scams in the market. But this has been made easier for you.
With the launch of trustable wallets like Coinbase, you need not worry about being scammed. Furthermore, crypto investment funds like the 10x growth account is also a plus for you if you don’t know how to trade. It has never been easier.
4. Upcoming Coins
At the moment, there is no denying that bitcoin is dominating both in value and awareness. But there are numerous coins in the market at the moment, it’s safe to say, ‘the ship has sailed’. Those who benefited from bitcoin were the early investors when the prices were very low.
Today, there are many coins and altcoins, which are still in their infant stages as bitcoin was, several years ago. Don’t be left out when the prices boom for the second time. However be careful as no investment has a guarantee for returns.
There are many additional reasons we have left out including the fact that the trade is driving technological innovations in the present. So far it has already been incorporated in accountancy, contractual procedures, quality assurance, and supply chain businesses. But at the end of the day, it’s you to make the decision whether to invest or not.