Many rich people globally, many platforms in the world are slowly setting foot in the crypto world. And many are talking positively about crypto and blockchain technology.
"I do at this point think bitcoin is a good thing, and I am a supporter of bitcoin," Elon Musk said in an interview. He is also allowing customers to buy Tesla using Bitcoin.
We know that PayPal Already offers their clients the opportunity to pay by exchanging Bitcoin, Lightcoin, Etherium with U.S. dollars. PayPal is now planning to conduct direct payment using cryptocurrency.
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World news, mainly financial news, is now loaded with the information of Bitcoin. Because gradually, people are getting interested in bitcoin and other cryptos.
China may be using bitcoin as a 'financial weapon' against the U.S. - News Source
Apparently, blockchain and crypto will reign in the world of technology and finance in the near future. So investing in crypto can be a sage thing to do. Many people now want to know if they should invest in cryptocurrency. What is the best time to invest in cryptocurrency? Or should I invest in cryptocurrency now?
Before giving this answer, I will tell you about a trader who bought only two pizzas for 10,000 Bitcoin! This is the story of Laszlo Hanyecz, a developer, Cryptocurrency enthusiast, and early believer in cryptocurrency. Today price of 10,000 BTC is around $577,388,000 (as of 08 April 2021). I don't how many pizzas he could have bought now! I shared the whole story in another article; you can read it from here.
The reason for telling this story is that I don't know what will happen tomorrow. Whether we will survive tomorrow or not is not guaranteed; investing in coins will come later. So all we can do is make predictions. We can only get an idea of what will happen tomorrow by looking at the news, trading charts of a coin.
But you have nothing to be disappointed with. The truth is, the smartest thing right now is to invest in cryptocurrencies. I mentioned some reasons at the beginning of the article. By investing, you can do long-term or short-term trading if you want.
Let's see why you should invest in crypto -
When the internet was first launched in the '90s, many could not believe it. They couldn't think that the thing called the internet will take over the world, one day, the world will be useless without internet. In my opinion, the most significant and most groundbreaking discovery after the internet is blockchain technology and cryptocurrency. After a particular time, paper notes would no longer be in circulation. Online crypto payments have also started circulating online. For example, PayPal has already adopted crypto payments.
So the sooner people adopt this technology, the more they will get the benefit. The way we rely on the internet now, we will one day rely on blockchain for financial transactions.
- The sooner you invest, the more you will benefit. This applies to stock markets, crypto markets everywhere. Those who invested and held on to crypto five years ago are all making huge profits today. And if the growth of crypto is like that, then even if you invest today, there is a possibility of getting a good return after five years, whether it's Bitcoin Or other coins like Hive or Leo.
It's a good idea to deposit on crypto rather than the bank. After ten years, the bank will give you minimum interest, whereas various exchanges give you 3-15% APR on different crypto. Even if you hold Hive and HBD in your Hive wallet, it will provide you with a 3.20% and 3% interest rate, respectively. So forget saving money in the bank, invest in crypto and HODL. It will give you a good return.
Or You can simply stake your crypto in a site like https://cubdefi.com and earn some good returns daily.
- It's easier to invest, trade, send, receive, buy or sell crypto. It's lots easier than traditional investment. For example, it's a complex and lengthy process to start a venture using regular currency. You have to go to the bank, perform many formalities, and wait a lot of days. Complete all the process is a lot easier, and you can complete the transaction in seconds, and everything will be in your control, no middleman between you and the other parties.
- Here only you're the controller of your money: no government, no bank, or anyone. No one can manipulate your money. Blockchain wallet assists in exchanging the funds efficiently and transactions are secure as they are cryptographically approved. This wallet is accessible from the web and mobile devices. Moreover, the identity and privacy of the user are correctly maintained here. That means Blockchain Wallet presents all the essential features for safe and protected exchanges or transfers of funds between several parties.
- Fees are meager here. Unlike regular and traditional transaction fees, payments in crypto are a lot lower. You can send, receive and trade crypto with minimal transaction cost. If you're going to make an international transaction in the bank, you have to bear many fees. Here fees are determined by the users and a lot lower.
- Cryptocurrency is backed by blockchain. Lots of companies started to adopt blockchain technology. Walmart, Microsoft, IBM, Mastercard, FedEx, Overstock, and many other companies are adopting blockchain technology. So sooner or later, you have to assume this technology. Blockchain isn't going anywhere. Soon it will be in our day-to-day life. So better you adopt blockchain and crypto early.
If done right, crypto can make you wealthy. Just look at the Ethreium or XRP. Look at the growth even in this crucial time of Corona. Whoever bought these at the beginning of this year, or even in a month before, captured excellent profit.
So it's time to adopt blockchain technology. It's time to adopt crypto as your currency. Because the world is changing, and you have to change with it.
Posted Using LeoFinance Beta