Why should I invest in Cryptocurrency?
You might have asked this question before now. If you've not gotten an answer, I think this post will go a long way to answer it to some extent.
Many People are stuck to their present condition all because of fear, they think that every investment opportunity out there in the digital world is meant to dupe them. Therefore, they have said NO to online investment but the truth remains that, Cryptocurrency is the future of finance, to this effect, it is something that anyone should venture in to if possible.
Let's Proceed by knowing what cryptocurrency is.
What is Cryptocurrency?
Cryptocurrency is a form of money with no physical form. It is digital currency. It is decentralized money that is built to be used only over the internet.
This means that, You cannot see, or touch cryptocurrency like other physical currencies. Instead, all of its transactions can be handled and carried out through your crypto wallet using your device. (Very Interesting)
Crypto Security
Most Crypto Wallets make use of 12, 24 or 36 random words known as Seed Phrase to secure your funds. So, with just those words, your coins are secure.
Moving about with your physical money is not safe, since you can never predict when you might be robbed or attacked.
Even if you lose your device, You can access your funds using another device with your seed phrase. Meaning that, you funds can be tampered with only if you reveal your seed phrase to any other person. (One reason you should Invest in Cryptocurrency, It is safe.)
Inflation
Other currencies are designed to decrease in value over the years due to the introduction of new money regularly. Cryptocurrencies on the other hand, are not victims to inflation because its value increase over the years as new investors and traders transact.
Some cryptocurrencies too have fixed supply, making it impossible for new ones to be introduced into the market.
New technology
Cryptocurrency was born in 2018, so it is still a new technology that has great potential and the ability to affect the world's economic system positively. Also, the way solid companies Tesla and others and venture into crypto for securing and growing their finance shows that a great potential lays ahead for Cryptocurrency.
Conclusion
Cryptocurrency is the future of finance. You might find it difficult to make the decision now, but, no financially stable man made it via just saving, Investment is the key to growing our funds and Cryptocurrency is a very wonderful and yielding asset to invest on.
I heard it severally that investment is the way out of financial handicap, this is one among the numerous benefits of being a steemian, the future is at our calls and beycone, what a beautiful platform.
You're absolutely right @ijebest
It's very beneficial and a beautiful topic thank you.
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This is correct my brother. Crypto currency is really the future of finance. While many are still afraid of investing in crypto, others are there making millions with it. Infact, this new invention is what is leading the world today.