5 Reasons Why You Should Invest In Cryptocurrency

5 Reasons Why You Should Invest In Cryptocurrency

5 Reasons Why You Should Invest In Cryptocurrency

According to warren buffet “If you don’t find a way to make money while you sleep, you will work until you die.” The habit of investing and purchasing assets has always been one of the things separating the financially free people from the financially enslaved.

5 Reasons Why You Should Invest In Cryptocurrency

However, when it comes to separating the rich from the wealthy, knowing what to invest in is the major determinant.

Cryptocurrency has proved itself to be part of the future of the financial industry. From the launch of bitcoin in 2009 by Satoshi Nakamoto to the coin having about 5.8 million users today. It is clear that bitcoin and other cryptocurrencies are here to stay.

Below Are 5 Reasons why you should invest in bitcoin.

The Sky Is The Limit: With the Highs and lows of the global economies over the last decade, very few assets have been able to provide as much return as cryptocurrencies. Of that period, bitcoin grew from $0.30 per bitcoin in 2011 to $6,459.89 per bitcoin in 2018 which is an incredible growth rate over that period. Although cryptocurrencies tend to fluctuate in the short term they have an incredible return on investment over the long term.

Low Level Of Government Regulation: Most governments have a hard time regulating and controlling cryptocurrencies since most of them are decentralized. It is hard to monitor, which means that, it is harder to tax and charge most bitcoin traders. This can also mean that most bitcoin traders pay little to no taxes on their gains. Meaning that they keep most of their profits!

Good Trading Platforms: Investing in cryptocurrency is relatively easy due to the fact that there are now a lot of online investment platforms that make it easy for beginners to learn the ropes and start trading from Coinbase with over 10 million customers to CEX.IO, Binance, KuCoin, Bittrex, Bitfinex and Poloniex. You have a large array of choices to choose from in order to start trading and make profits. Trading in cryptocurrency is also cheap as there are many trading platforms with cheap and competitive charges, so you can choose the best for you and easy enter the market.

New Good Regulation: The major fear on cryptocurrencies has always been instability and lack of regulations. Although the latter has its cons. However, regulation are beginning to catch up to cryptocurrencies in a good way and this makes the market more stable and profitable.

Cryptocurrency is the future: It is becoming increasingly obvious that cryptocurrency is the future of the finance industry because of the problem that a digital currency solves. For example, reliance on the government (this currency is not dependent on any government or individual interest which makes it free from monetary policy control thereby reducing the risk of government intervention affecting the markets). It also allows its users perform transactions all over the world without having to go through any road blocks and government regulation. Because of this reason, the drive to make cryptocurrency the center of finance and all transactions is huge. It always pays to be in the direction of future rather than in the past.

There are many reasons to invest in cryptocurrency in this ever-changing world. I hope I have been able to highlight some of them for you. Invest fast and invest right. Invest in cryptocurrency today!

Boluwatife Ayinde
Boluwatife is an Editorial Assistant at Kamdora. Ever since she discovered her passion for writing at a young age, she has developed her skill by writing for renowned websites. She recently developed a passion for fashion and has since been using her talent wisely! Tife blogs about her personal style and offers guides to making life better for the average Nigerian girl!

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