Here’s the Main Reasons Why People Buy Crypto

Is crypto a good investment?

Blockchain technology and cryptocurrency have taken the whole the world on a shaky foot, so it’s not a surprise that more and increasing numbers of people have turned to crypto investing.

There are many reasons people invest in cryptos to achieve their financial goals.

However, there are some that invest in the crypto market for the wrong reason.

Here are the top 15 reasons all investors should have cryptocurrency in their portfolio.

15 reasons to invest in Cryptocurrencies

1. Cryptocurrencies have revolutionized our World

It’s been less than 10 years since the introduction of Bitcoin the first cryptocurrency ever. But, a myriad of technological advances, innovation and transformations have already taken place in the fast-paced world of cryptocurrency trading.

Due to their decentralised nature, the cryptocurrency revolution has changed traditional financial systems to a point of no return. They have also made it easier to make transactions beyond borders at low costs and speedy processing.

The good news is that the necessity for central banks is diminished to a minimum giving investors significant flexibility and control in their banking data and money.

And guess what! Crypto investment is not something that is a trendy millennial trend but rather real: cryptocurrency is in the future and are worthy of investing in. The number of crypto-related projects is increasing as well, and according to the data, there are over 5,000 cryptos that you can invest in out there.

2. Cryptocurrencies are marked by High Liquidity

If you’re still not sure whether crypto trading is right for you, there’s another reason to consider investing in crypto this year. The cryptocurrency market is distinguished by its high liquidity, which means it’s very easy to buy and sell cryptos.

In the case of Bitcoin, for instance there’s always a huge demand for the most popular of cryptography. Statistics show that the amount of wallets that use crypto in 2020 has increased to more than 54 million.

It’s not only ambitious companies and investors that are eager to purchase or sell crypto. The cryptocurrency market is now highly accessible.

Since cryptocurrency trading is not some kind of technology or enterprise reserved for the largest whales in the industry. It is also possible to be part of the world of crypto investing now!

3. Investment in Cryptocurrency Can Bring High Returns

Perhaps the most important reason for people to invest in cryptocurrency is the possibility of making a profit. As we all know, money makes our world spin and is one of the major reasons why people invest in cryptocurrency.

Though crypto trading is relatively new, cryptos could lead to higher returns compared to other assets, like stocks. Cryptocurrencies are extremely volatile and, therefore, one can potentially achieve high returns from just one trade.

However don’t forget that volatility also means that traders can be wiped out in a second. So always consider potential risks! Because investing in cryptocurrency is challenging The first steps to be successful is to formulate a sound risk management strategy to reduce losses.

4. Cryptocurrency Provides Independence and Flexibility

Whether you choose to invest in Ethereum or Tezos the money you earn from cryptocurrencies is only yours. As mentioned earlier the cryptocurrencies don’t rely on banks that have exorbitant fees just to hold your funds.

Additionally, the market for cryptocurrency is open 24/7, so there is no need to worry about opening times You can pick when and how to buy or sell. Aren’t you thinking that this is a compelling reason to invest in cryptocurrency?

That’s right! It’s entirely up to you to plan your time and trading routine. You can trade either fully or in part-time mode; it is possible to trade cryptocurrency when travelling too. How cool is that?

5. For Portfolio Diversification

Are you looking for additional benefits to buying cryptocurrency? Even if you are not a fan of crypto investing in cryptocurrency can be a great option in order to diversify your portfolio.

What is portfolio diversification? It’s basically a way to minimize risk by spreading your investments and taking a look at various assets. It’s been said that you shouldn’t put all your eggs in one basket, do you think? !

Because cryptocurrency isn’t able to move with other assets, such as stocks and bonds investing in cryptocurrency can be an excellent way to make yourself known as a successful trader in the current and ever-changing financial world.

6. Unlimited Choice of Coins

While nobody disputes Bitcoin’s legitimacy in the world of crypto investing but the truth is that there are numerous altcoins to buy and sell available. You can pick from an endless array of coins that can help you diversify your portfolio and potentially increase your wealth.

While some undervalued coins might be a tricky investment, others are worthy of your attention and can be a reason to invest in cryptocurrency. The experts say that the most popular cryptos that will explode in the coming year include Ethereum, Ripple, Tezos, Tether, Monero, and Bitcoin Cash.

You don’t need to be restricted to buying and selling cryptos. You can also trade a vast array of crypto/crypto as well as forex/crypto trading pairs. BTC/USD as well as ETH/USD and LTC/USD being some of the most popular crypto to fiat pairs to trade.

7. The Future Cryptocurrencies of the Future Looks Bright

Do you require additional advantages to investing your money in crypto? Here is our reason No.7: The future of cryptocurrency seems bright. Although we are all aware that cryptocurrency is highly volatile however, investing in cryptos can be a safer and more appealing option compared to other investment options.

Take Bitcoin for instance. Bitcoin can be described as having a rocky track record and was declared lost several times. For instance, in 2017, Bitcoin reached new all-time-highs of $20,000and in 2018, it fell below $5,000. Yet, Bitcoin has survived its fluctuations and crashes – and keeps thriving during the current epidemic (with a current value of just $15,826) and the market is very confident regarding its future.

Many people consider that investing into Bitcoin in times of financial uncertainty is safer. According to Snappa (Canada’s leading software company) co-founder Gimmer stated, “Would you rather save money by investing in a currency whose supply is constantly increasing? Or would you prefer to save money in a currency whose supply at the terminal is programmed to be fixed ?… I’m sure we now have a better savings technology that is available to us. The technology we have comes from Bitcoin.”

8. Cryptocurrency Offer Security and Transparency

Even though many people still believe that cryptocurrency is associated with illegal activities and notorious scams, such as OneCoin investing in cryptocurrency is an exciting business, with increasing numbers of people placing their faith in cryptos , instead of fiat currency.

As Satoshi Nakamoto – the mysterious character behind Bitcoin – once said “The main issue with conventional currency is all the trust that’s required to make it work. The central bank needs to be able to be trusted to not debase the currency, but their history with fiat currencies has been full of infractions to that trust. Banks are required to be trusted to protect our funds and electronically transfer it however they lend it out in waves of credit bubbles with barely any reserve.”

In addition the fact that many cryptos are built on blockchain technology which is considered virtually invulnerable. Blockchain transactions are secure that are signed with a private key and verified through a public keys. Additionally, the technology offers high levels of transparency – which is another reason to invest in cryptocurrency.

9. Blockchain Technology can transform the World

Are you looking for additional motives to consider investing in crypto? One doesn’t have to be an expert in blockchain development to appreciate the potential of cryptocurrency and blockchain beyond the realm of crypto trading.

The increasing usage of smart contracts and decentralised applications, blockchain technology can benefit various sectors, such as gaming, medicine, businesses, and voting. Just ask any gamer about the incredible innovations blockchain technology could bring to the realm of gaming and digital ownership!

As the pandemic continues to spread, particularly, more and more individuals are turning to the blockchain technology and digital payments to reduce the risk of new outbreaks. Data show an increase in downloads of crypto-related applications during the COVID-19-related lockdown in 2020. Now even sceptics and strict governments are more positive about cryptos, and regulations are becoming more transparent.

10. Everybody is going Crypto, Even Wall Street

With the growing demand for cryptocurrency around the world, more and more organisations are going crypto. Ripple for instance, is a popular cryptocurrency utilized by many big financial organisations. Don’t forget that, unlike the current SWIFT system for international payments, Ripple allows users to send money to countries that are not in their borders with cost-effective rates and in quick processing time.

There’s a good chance that two of the leading crypto exchanges in the whole world, Gemini and Coinbase, are now banking clients of the American giant JPMorgan.

Governments are also embracing cryptocurrency and are considering going cryptocurrency. While many are trying to develop their own central bank digital currencies however, some (like Italy) have recognised Bitcoin inheritance. The interest in crypto investing is also growing in emerging markets, like Kenya as well as South Africa.

What’s more? major retailers like Virgin Galactic and Microsoft also accept payment via Bitcoin. Do you really require more motivations for investing in Bitcoin?

11. Learn New Skills

If you choose to purchase Bitcoin or trade other cryptocurrency pairs, the reality is that you must make the investment in a proper education in trading to master the art of crypto investment.

Even if you do not become a millionaire by investing in cryptocurrency, your educational experience will have a positive impact on your trading skills and financial choices. From day trade strategies to trading psychology techniques, understanding the basics of crypto investing is more than important and worth it.

Additionally, as you work to increase your financial skills as well, you’ll be able to increase your ability to control your emotions, discipline and also your habits. It is after all an ongoing process.

12. Crypto Investing Has Never Been So Simple

The the reason No.12 to put your money into cryptocurrency is… it’s not been this easy to make investments in crypto. Today’s tech-driven world allows people from all walks of life to get acquainted with cryptocurrency. From online classes to books on trading psychology it is possible to learn about crypto trading for free.

The volume of information available on trading nowadays is astounding. Many websites and forums provide useful crypto information and are quick to reveal scams. One can easily find an instructor to learn from top experts practitioners in their field. Take a look at the crypto kings, and their successes tales!

Online platforms and smart devices make investing in cryptocurrency easy All you have to do is sign up for an account, deposit money and then begin trading.

13. Low Entry Threshold

While some types of investment such as stocks or real estate, require large amounts of initial capital to begin investing, cryptocurrency has the lowest entry requirements. Aren’t there a good reason to make a cryptocurrency investment?

The positive aspect is that the majority of platforms available do not require large sums of money to begin trading and buying cryptos. You can start trading cryptocurrency from as little as $100.

There’s no need for long and complex procedures or burdensome paperwork.

14. Exchanges are extremely secure and offer valuable tools

While we all remember the terrible story about the scandalous Japanese Exchange Mt. Gox but the positive news is that today’s exchanges are more secure and might even reimburse victims in the event of a hack.

Today, a trader can find a reliable exchange to start trading and buying digital assets; a trader may also locate a reputable broker to help them trade CFDs (a excellent option for people who are just starting out).

Trading tools are more user-friendly now than in the past and crypto websites can allow investors to stay informed about cryptocurrency news and the most important events in the industry. This is a great incentive to consider investing in cryptocurrency you might think? !

15. Never is it too late to start investing in Cryptocurrencies

Whether you are a successful Bitcoin investor or a crypto enthusiast There’s no time to wait to start investing in cryptos. While some may believe they’ve reached the point where it’s time to earn millions (like certain early adopters of the industry) has passed but the truth is that crypto investing is still an ongoing topic.

Blockchain and cryptocurrency have a long way to be taken, and even 2022, you may still be considered an early adopter. The experience of investing in something new and innovative is overwhelming!

15 reasons to buy crypto – Important Arguments

The Cryptocurrency market is accessible all hours of the day and has thousands of cryptocurrencies in existence.
It is a good way to increase your wealth, diversify your portfolio, and discover new financial techniques.
The fall in stock market investment may leads to an increase in the prices of gold and cryptocurrency which is why cryptocurrency is the ideal option to invest in if you would like you to broaden your investments.
It is important to remember that blockchain technology is a powerful technology with applications that go beyond the financial industry Therefore, more and greater governments are looking into investing in cryptos to lessen outbreaks in the current pandemic.

It’s never too late to make an investment in the market for cryptocurrency. Stop looking for other reasons to get started on your journey to cryptocurrency.