For some obvious reasons, the world is moving from paper currency to digital currency, in form of bitcoin and it likes, and in a jiffy, the world would be encapsulated with the euphoria that surrounds cryptocurrency, while you are still banking with the paper currency.
In fact the Central bank of some nations such as China, Canada and Singapore have taken tangible steps on raising the bar of cryptocurrency. For instance, China is utilizing block chain technology to develop a nationwide digital currency while Canada and Singapore are checking out the possibilities of implementing blockchain technology for inter-bank exchange payments.
Anyway, to feed your curiosity and to clear your doubt, I will be outlining different reasons that will trigger your hormones, to consider investing on cryptocurrency.
Reasons you should invest in cryptocurrency
For easy transaction: With block chain, you are in the world of your own to make and complete online or normal bank transactions without third party such as PayPal, which means no extra pay for any transaction.
All what you need is your PC or smart phone with reliable internet access and you are good to go isn’t that cool?
Security: Security Is topmost priority when it comes to currency and digital currency does has five stars in this with encryption innovation of block chain technology to protect digital transactions from hackers and potential fraud.
Be rest assure of no fraudulent activities on your account and for the record-the common fraudulent activities associated with the conventional currency transaction is alien to cryptocurrency, so sit back and start visualizing the necessary steps to invest in cryptocurrency before it’s too late because surely there will be biting of fingers at the end in regret, if I had known I would have invest when digital currency is just growing.
You own it: No bank, no government, no individual has the right into your account. You have the full control of your account because digital currency operates on decentralized economy. Moreover your identity and others identity on blockchain are encrypted to validate the record keeping of all accounts thereby immunize your account from fraud.
It is widespread: Cryptocurrency is getting popular around the world, boasting of huge customers so you are sure of ease of exchange of currency moreover major companies now request for payment via bitcoin and it likes for transaction.
Excellent for investment: With the digital currency boasting of huge growth in subscribers and also certain companies making it their primary mode of transaction, you have assurance of making huge profit from the sale of your digital currency such as bitcoin with 1BC currently at about 9000 USD and the value is not about to depreciate but appreciate.
As a matter of fact if you invested about $20,000 in 2016, you will be $75,000 dollar richer by now.
So what are you waiting for, join the moving train and do more study and invest on cryptocurrency even as you find these reasons fascinating.
hm.. the last part sounds more like how you would describe a Ponzy scheme. In the ears of people who don't know much about crypto except that they really don't understand it such a statement usually let's their alarm bells ring.
In the case stocks, you have dividends, production facilities and products and in the case of bonds you have interest, countries and their population. All that indicates how well the specific asset will perform in the future. In case of the blockchain that all is very abstract or inexistent. That is much more relevant for decisions than past gains in value.
You are right, i just felt, i should trigger people curiosity to learn more about the stuff, since majority are not interested, especially in Africa. However your contribution is noted. Thanks.
Oh yeah, I am convinced it will change that continent in a very positive manner.