Is Crypto a Good Investment?
Crypto has been around since the dawn of time, but recently it’s taken off like never before. Per Jordan Sudberg, the market is booming, with new innovative projects launching daily, and more investors than ever are taking notice. We have an in-depth look at this exciting industry to see if crypto is worth your money or better left on digital paper wallets for safekeeping. Why Crypto Worth Investing:
1) It’s Easy To Understand
Crypto is easy to master and use if you understand how things work. You don’t need fancy computer knowledge or special skills to start investing in cryptocurrency. Anyone can jump right into the action without going through expensive courses. Once that happens, you’ll want to keep up with the latest trends to take advantage of a huge opportunity when it comes along. Crypto trading and investing platforms allow users to decide where to invest their funds and what coins they should look at. This means you will always know which coin to buy and hold for profit.
2) There Are No Restrictions On Access
With traditional financial institutions, access is often restricted by geography. For example, some banks won’t let you open an account unless you live in their country. However, with cryptocurrency, there are no restrictions on who can start investing or where they can do it from. That means all you need is Internet access to get started making investments.
3) You Can Easily Make Money
Crypto gives you the ability to earn profits from buying and selling cryptocurrencies. With traditional stock markets, you need to wait years for your investment to grow, whereas with crypto, you can see results immediately after you put down your initial deposit. Crypto also helps you avoid high taxes and fees from big banking companies.
4) It’s A New Way Of Thinking About Finances
The world we currently live in is one of scarcity. This means there needs to be more for everyone to have everything they want. But cryptocurrency is different. With crypto, you have complete freedom over your finances, giving you access to more cash than you ever thought possible. As a result, you can take control of your life and create massive wealth.
5) You Can Be Your Own Bank
One of the best parts of cryptocurrency is that you can trade it yourself. If you have a computer and internet connection, you already have all the tools to become a successful trader. You must follow the tips and techniques provided by reputable sources to learn the ropes. After that, you need to decide whether to sell your Bitcoin, Ethereum, Ripple, Litecoin, etc., for fiat currency or vice versa and then begin trading.
6) You Have Complete Control Over Your Funds
One of the biggest benefits of crypto is its security. Unlike other forms of finance, cryptocurrency transactions are completely anonymous. When you purchase using your credit card, your bank receives the information and keeps track of all your spending. Similarly, with traditional stocks and shares, the company knows when you bought stock and sells stock to you. However, nothing like this occurs with cryptocurrency. When you use it to pay for goods and services, the seller doesn’t know anything about your identity or how much money you transferred. This makes crypto transactions safe and secure.
7) You Will Never Lose Value
As mentioned, many people turn away from investing because they fear losing their whole savings. But with cryptocurrency, you never lose value. The total market cap for Bitcoin is over $100 billion today after four decades. And while the price has fluctuated wildly throughout history, there is no doubt that digital currency has survived and thrived thanks to its decentralized nature.
In conclusion, according to Jordan Sudberg, crypto is not only good, but we believe it will be the future of finance, especially for small businesses that don’t have any way of financing their business.