Post
Topic
Board Trading Discussion
Re: Why you buy Cryptocurrency ?
by
TCTDev
on 19/04/2019, 21:56:58 UTC
Despite the dubious results of the vote, I am sure that the majority buys cryptocurrency primarily because of its huge potential, technological and therefore money.



Exactly, crypto is a name of new technology of internet and we called it currency, it meant it is money. Now majority people start work with crypto because of investment point of view, and now it become a source of income on internet.
I believe that reason why there are people who buy Bitcoin it's because they know its potential, despite extreme volatility and they trust Bitcoin as the King of all cryptocurrency and the benchmark of all other cryptocurrencies, that it will certainly continue to increase its demand and more developments to come. Bitcoin is a risky asset type. It’s important to understand what it is you’re investing in, to understand how the investment works. Never invest more than you can afford to lose and never stop educating yourself enough before getting involved in any investment. Most importantly, don't be too dependent with the opinion of others, do your homework, learn about Bitcoin or to a potential cryptocurrency and come to a conclusion for yourself.
Cryptocurrency is becoming mainstream with Bitcoin in the forefront. Buying cryptocurrency can mean earnings and profitability. I'm confident with its capacity and positive for its large growth period this year. It can also be helpful to broaden ones knowledge in the world of trading and investment. Learn about the currency, what affects it, what are its advantages and disadvantages. Price correction is part of growth and brings Bitcoin to healthy valuation as it provides best buying opportunities, to hold and wait for the market to get back on track at the course of time. Trading successfully requires knowledge and practice.  After you feel you’ve acquired some basic education, it’s time for you start but start small and learn as you go.
I agree with you, I came to crypto in 2017 and on the general hype wave I invested and earned not bad money, this fact gave me confidence but back then I didn't realize it was just the uptrend market and of course I lost most of the profit I earned due to lack of knowledge and experience. It was a painful lesson but since then I continue to invest in crypto but now I more think about risks and how to manage them, try to implement new knowledge in practice. Crypto market has big potential and provides opportunities for everyone to get financial freedom. This is the reason why I buy crypto.