Now that the whole world is talking about cryptocurrency, here is a way to remove all your doubts and questions. The highest return on investment (ROI) for an average stock is around 20% while for cryptocurrency, it could go as high as 100% or more depending on the state of the currency.
Cryptocurrencies have only been around for a relatively short period and within this period have shown great promise as great investment resorts.
However, digital currencies like other investment sources are very volatile but could make for some good investment options and here are some of the reasons why you should invest in cryptocurrency.
Why Cryptocurrency?
They are Easy to Invest In
Stocks, shares, bonds, etc. are all enmeshed in complex processes to acquire which is a totally different case for cryptocurrencies.
With more traditional investment opportunities, the regulations and processes all mash up to form a huge ball of confusion for the common man such that there’s a need most times for an investment expert, or a stockbroker who may complicate the process even further.
With cryptocurrencies, the processes of purchasing and selling are as simple as simple can be. The only complexities may come in the place of biometric verification to ensure security.
All you need to do is create a wallet and start trading. Another source of ease is the ease of exchanging currencies and trading as well, the processes are devoid of complexities.
It is the Currency of the Future
There is an increasing usage of cryptocurrencies by regular people, banks and even big corporations that is positioning cryptos at the forefront of future financial endeavors.
Due to the high rate of returns, many individuals and corporations are investing in digital currencies. Blockchain technology which is the building block of cryptocurrencies has been instrumental to different sectors such as contributing to positioning cryptocurrency as the currency of the future.
Check out what you need to know about bitcoin price.
Explosive Return-on-Investment (ROI)
To get the kind of ROI gotten from digital currencies from more conventional investments, it may take years. For average stocks, the best returns they offer ranges between 15% and 30% while for cryptocurrencies, there is potential for as much as 300% return on investment at a particular time.
Cryptocurrencies can be very volatile and have tendency to show very sharp changes in price. This can be used to your advantage as you should buy low and sell high.
This ability to widely drift in price put cryptos at a position where they are very risky but also produce incredible returns on investments. Over the years, many cryptocurrencies have increased greatly in value and for those who made long term investments, it has brought back massive gains.
Cryptocurrency Investments Are Secure
Contrary to some beliefs that cryptocurrencies are unsafe, cryptocurrencies are based on blockchain technology that employ very complex encryption processes to ensure safety.
Even though some nefarious people have carried out illegal activities using fake digital currencies, it doesn’t undermine the legitimacy other crypto platforms have.
There have been cases in the past where crypto transaction services were hacked and serious damages were done but the incidents have propelled other crypto service providers beef up their cybersecurity setups ensuring even more secure platforms.
There Are a Lot of Options
Bitcoin, Ethereum, Litecoin, XRP, etc. they are many viable alternatives when investing in cryptocurrency. And the great thing with these options is that they all bring in profit.
When investing small or when going big, there are many options available on the table and one great thing with the many options is how easily accessible they are.
Final Words
Like other high return investments, cryptocurrencies are risky but with the right amount of information, discipline and persistence, you will make take-home profits.
There are people who are unsure about the system but it is safe to say now that cryptocurrency is here to stay amidst all the naysaying from the past. Some coins will come and go but some are going to dwell well into the future.
If there’s a right time to make long term investments into cryptocurrency, it is now!
