Cryptocurrencies have been around for more than a decade now. Still, not a lot of people invest in these digital assets because of the so-called fear of losing everything, But, at the same time, we cannot simply ignore the fact that cryptocurrencies like bitcoin have made many people millionaires overnight. So, if you are looking for something like that to happen to you as well, investing in cryptocurrencies might suit you.
But again, crypto investment does not guarantee a return. Because these digital currencies are volatile by nature, you may end up losing everything you invested. So, you need to be very careful when investing in cryptocurrencies.
Depending on who you ask, crypto investment has both pros and cons. While the returns from cryptocurrencies are generally much higher than traditional investments such as mutual funds or bank deposits, so is the risk. That’s because cryptocurrencies are highly volatile, and their price changes very frequently. But, I would not recommend investing in cryptocurrencies to make quick profits.
In my opinion, investing in cryptos is beneficial only if you can have the patience to stay invested for some time. As we have observed over the past years, returns from cryptocurrencies are better in the long term, while in the short term you can only make small returns.
For instance, the price of Bitcoin did not rise abruptly in a single night, but it increased consistently over the years to reach an all-time high of ~$20,000 per coin in 2017.
Also, it has been observed that the price of most other cryptocurrencies and altcoins also increases at the same time when there is a boost in the bitcoin price. So, if you are investing in cryptocurrencies, I recommend staying invested and waiting for the next crypto boom.
Why should you invest in cryptocurrencies now?
The last bitcoin boom was observed in 2017, so it has been over 3 years and we are still waiting for the next crypto boom. If experts are to be believed, the next crypto boom might just be around the corner, and it’s very much possible for it to come in the next couple of years, which is why now is the best time to invest in cryptocurrencies.
There are many other reasons why NOW is the right time for crypto investment.
High Future Potential
As we have both heard and witnessed, cryptocurrencies can actually provide value in the future. Not just as a peer-to-peer method to make payments globally but blockchain (the technology behind cryptocurrencies) can be effectively used in a range of industries like finance, digital security, data storage, and transfer, decentralized accessibility, and more.
There are already a number of projects working in the direction of exploring the usability and potential of blockchain and cryptocurrencies in different sectors.
Stock market volatility
If the past couple of years have shown us anything, it’s that even the stock market is not safe from unpredicted and unwanted risks. Volatility and frequent price shifts in stocks have made even serious investors look for other options that are both secure and profitable.
Cryptocurrencies with huge growth potential and increasing demand present a nice alternative to such investors.
Low Price
One of the best benefits of investing in cryptocurrencies right now is the low price. Other than top cryptocurrencies like Bitcoin, ETH, ripple, etc., any other crypto/altcoin you can buy for as low as $1.
For instance, the
Titan coin, which is still in its nascent age, is currently trading at the rate of $0.001419 USD per coin. That means you can buy around 700 TTN coins for only one dollar. And give that, the coin has huge growth potential, it’s not a bad deal at all.
Blockchain developments
If you are planning to invest in cryptocurrencies, you must have obviously heard about blockchain, which is the decentralized technology on which these digital currencies operate.
Not just in the finance sector, but blockchain has possible uses in a range of industries as a secure, fast, and decentralized medium for storing, sharing, and/or transferring digital data. The apps developed on the blockchain are called decentralized apps or DApps, which are now huge in demand.
If you have decided to invest in cryptocurrencies, which is the right thing to do now, make sure not to consider the crypto investment as a get-rich-quick scheme. Instead, diversify your portfolio across multiple investment tools, of which not more than 5-10% should be invested in cryptocurrencies. When investing in cryptos, do your research and invest only in reliable tokens or coins.
This is Best Time To Invest in to Crypto currency because Crypto is the Future Money and it's best time because Crypto Bull Run is going to begin. There are alot of potential Crypto currency which someone can invest and make good Profits Do Your own Research and play wise. you can check this Coin Out TTN, Titan Coin is already listed on coinmarketcap.
