6 REASONS YOU MUST NOT INVEST IN CRYPTOCURRENCIES
You may still be doubting and fighting yourself on whether to start getting some cryptocurrencies or not. Will give you 6 reasons not to invest in cryptocurrencies.
1. To begin with the chart and Prices.
The price of Bitcoin has increased over 600% since January 2017.
Ethereum has also risen over 700% since January and you know unless you are an outstanding guru in something, these figures will be a problem of most businesses. But it is possible with cryptocurrencies. The choice lies in you to be part of this revolution or you can keep watching as the prices soar to even greater heights?? Most cryptocurrencies have seen significant growth.
2. Very portable.
If you have ever tried travelling with large amount of money on you? Cryptocurrencies are the best and reduces the risk since you can carry $1million simply on your phone to anywhere in the world. No cash carrying problems, no stress. Why get worried keeping money at a bank when you can have access to your money anytime.
3. Security
When it comes to money on the Internet, what i look out for is security. Cryptocurrencies have high level of security to protect your funds such that, only your negligence can make you lose your money. With security at heart, it is very difficult for a hacker to get access to your funds if you haven't fully secured it with added security. Most wallets offer high level security that makes it a good option for your money. You are sound with digital hardware security options like Trezor and validators.
3. Security
When it comes to money on the Internet, what i look out for is security. Cryptocurrencies have high level of security to protect your funds such that, only your negligence can make you lose your money. With security at heart, it is very difficult for a hacker to get access to your funds if you haven't fully secured it with added security. Most wallets offer high level security that makes it a good option for your money. You are sound with digital hardware security options like Trezor and validators.
4. Market Growth
the market capitalization for cryptocurrencies at the start of 2017 was a little above $10billion. We currently sit at $173billion at the time of writing this piece. And truth is, if this is to be the next forex market then we are still at infancy stages. It could be a good reason not to invest too, but for us, we are getting our piece of it even before it gets to $1 trillion by 2020.
5. Not created with Debt
Money printed out by central banks in every country is done out of debt and without a controlled supply. The more reason why, it is difficult for banks to give high interest on accounts in most countries. The question is how are monies paid by countries to be print their currencies? Why do currencies suffer from high inflation. Simple, infinite supply. the more money pumped into a system, the higher the inflation and less valuable the currency is.
Cryptocurrencies on the other hand are limited in supply. Only limited units in the system, making it hard to be a subject of inflation but rather volatile markets. The more reason why the value of litecoin was $1 some years back and now $50+ now. And with the ability to send large sums of money to anywhere in the world for less fees, it is even getting better.
6. IMF Foresees the triumph of Cryptocurrencies
looking at the trend, most investors are moving over to cryptocurrencies and it is no doubt that technological gurus like Bill Gates(Microsoft), Steve Wozniak(Co-founder,Apple Inc), Richard Branson(Virgin Airlines), John McAfee ( McAfee Antivirus) are all into cryptocurrencies. Even though some people are opposing it, it is all for the good of this disruptor. Cryptocurrencies are being fought hardly on the other side since it carries all the potential to bring an end to retail banking globally. The growth alone is a signal of cryptocurrencies not slowing down at all.
Not what you were expecting? I believe at least you have some reasons either to sit on the fence or miss out on one of the greatest disruptions or wealth-making moments in this era.
Your comments will greatly be appreciated.
Feel free to inbox let us get started on this incredible journey.
the market capitalization for cryptocurrencies at the start of 2017 was a little above $10billion. We currently sit at $173billion at the time of writing this piece. And truth is, if this is to be the next forex market then we are still at infancy stages. It could be a good reason not to invest too, but for us, we are getting our piece of it even before it gets to $1 trillion by 2020.
5. Not created with Debt
Money printed out by central banks in every country is done out of debt and without a controlled supply. The more reason why, it is difficult for banks to give high interest on accounts in most countries. The question is how are monies paid by countries to be print their currencies? Why do currencies suffer from high inflation. Simple, infinite supply. the more money pumped into a system, the higher the inflation and less valuable the currency is.
Cryptocurrencies on the other hand are limited in supply. Only limited units in the system, making it hard to be a subject of inflation but rather volatile markets. The more reason why the value of litecoin was $1 some years back and now $50+ now. And with the ability to send large sums of money to anywhere in the world for less fees, it is even getting better.
6. IMF Foresees the triumph of Cryptocurrencies
looking at the trend, most investors are moving over to cryptocurrencies and it is no doubt that technological gurus like Bill Gates(Microsoft), Steve Wozniak(Co-founder,Apple Inc), Richard Branson(Virgin Airlines), John McAfee ( McAfee Antivirus) are all into cryptocurrencies. Even though some people are opposing it, it is all for the good of this disruptor. Cryptocurrencies are being fought hardly on the other side since it carries all the potential to bring an end to retail banking globally. The growth alone is a signal of cryptocurrencies not slowing down at all.
Not what you were expecting? I believe at least you have some reasons either to sit on the fence or miss out on one of the greatest disruptions or wealth-making moments in this era.
Your comments will greatly be appreciated.
Feel free to inbox let us get started on this incredible journey.
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