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Let’s talk about the reasons why you should invest in crypto.
Crypto is making big waves.
With so many crypto millionaires who earned wealth just by smart trading of a few cryptocurrencies, more people have caught more people’s attention every day. There’s no doubt about it.
You’ve probably been hearing more and more about it on the news and heard people talking about it more.
Still, we’ve been just reading the headlines and discussing it, while others are getting busy working on becoming part of this revolution and grabbing huge opportunities.
If you’re still not convinced of what opportunities crypto has to offer, well, get ready because we’re about to spell it out for you.
We translate complicated concepts of cryptocurrencies into plain English, so even if you have no technical background, you will understand everything.
By the end of this course, you will know more about cryptocurrencies and why you should invest in them.
Without wasting any time, let dive into the topic, “Why You Should Invest In Crypto?”.
The economic crisis of 2008 showed us that traditional banking systems are flawed, and it was confirmed in 2020.
More and more people see the need for viable alternatives, and that’s exactly what crypto offers –
“A secure decentralized form of banking” that takes governments and banks out of the equation.”
And the crazy thing is even banks realize it. Just listen to what Germany’s Deutsche Bank have to say.
In their imagine 2030 report, they talk about how fragile the traditional money system is that by 2030 over 200 million people will be using Digital Money. By then, traditional money will be already on the way out.
And it’s not just Deutsche Bank, Twitter’s Jack Dorsey has said – He believes Bitcoin will eventually become the world’s single currency.
Elon Musk has stated that crypto is a far better way to transfer value than a piece of paper.
China state TV is called Blockchain (the technology that makes crypto possible) 10 times more valuable than the internet.
It’s the most significant technological invention since the internet.
So, if you’re still not up to speed with it, you’re behind.
But the good news is you’re still in time to start playing catch-up.
Just like in the 90s, when the internet was taking off, some resisted adapting to it, and there will be those people with the blockchain and crypto revolution.
But do you want to be one of them?
And just like we now rely on the internet for information and communications, it will soon be the same for financial transactions using Blockchain.
So, if you’re not familiar with using it yet, now is the time, to keep clear with misconceptions about bitcoin.
What are you waiting for?
Sure, you can make and receive payments with a crypto account.
You can use it to save, but the tremendous opportunities come with investing in crypto.
Just take a look at Bitcoin.
If you’d invested 100 dollars in it just five years ago, by now, that one hundred dollars would be worth two thousand five hundred or if you’d got into it early with that 110 years ago, it would be worth 1.9 million.
The price of Bitcoin is still set to keep going on up.
Sure, with blips here and there and, to be fair, probably not as dramatically as they did before.
Other cryptocurrencies like Ethereum, Litecoin, Cardano, Dash, Ripple and Lisk also have enormous potential to grow and bring significant returns to savvy investors. But to know which coins to invest in, you need to get educated and get some experience under your belt.
So, why waste any time?
Now’s the time to get crypto savvy and learn to spot the opportunities because you can be sure tremendous opportunities are waiting.
We’ve already talked about crypto’s long-term upward trend.
Let’s compare that with regular money.
If you took 100 dollars in cash, buried it and waited for 10 years.
The amount you could buy with it a decade later could be a lot less than when you put it in the ground, because of inflation.
And leaving it in a bank account isn’t going to be much better if at all, because of the interest rates in bank accounts which vary from zero to extremely low.
Disclaimer: Yes, crypto is more volatile than most currencies. Mainly because it’s still new and gaining traction, like at the start of 2018, when the price of bitcoin tanked.
But remember, it’s more or less recovered since then, and its upward trend is likely to continue and win out on any volatility.
And that’s what makes it such a great option for long-term saving.
Something that will beat any interest rates banks can give you.
So, we were talking about inflation. Now, let’s spell it out in full.
The problem with traditional money is that it’s always going down in value and isn’t by accident.
Governments and central banks do it on purpose, especially when there is a financial crisis or this one in 2020.
There’s a shortage of money at times like these, and governments try to get around it by printing more.
22% of all dollars that exist today were created in 2020 when the federal reserve injected two trillion dollars into the economy.
Making money appear out of thin air might sound pretty neat until you figure out the catch.
There might be more money, but the number of goods and services it’s chasing stays the same.
And the value of the money goes down compared with the value of those goods and services, which is what we call inflation.
That’s why intelligent people trust gold more than money.
Because, when there’s an economic crisis, new gold doesn’t just magically appear out of nowhere, and it holds its value.
Similarly, Bitcoin and other cryptos just like gold don’t get created as a short-term fix to financial problems.
That means that crypto also holds its value and its inflation proof.
Just in case, you thought you needed a PhD in programming or maybe in finance to get into crypto, we’ll tell you now – You don’t!
A smartphone with internet access will do nicely.
Crypto is way easier to get into than most traditional investments. First, because it’s got high liquidity that you can buy and sell it easily and quickly, second, there isn’t a high threshold to getting into it.
Usually, you need to put a large sum of money in stocks and bonds, and you can’t just put down 100 bucks.
With crypto, you can.
Better still, there are no institutions, no paperwork.
Just get an account, get a wallet, track your assets, and it’s pseudonymous. You don’t have to give any documents or even your name.
But we realize there’s still a lot of confusion, and not many people understand, how this space works and how to take advantage of it.
That’s why we decided to create the best course out there, to guide you step by step through everything we’ve learned about Bitcoin and Blockchain from scratch.
It’s called Bitcoin Essentials.
You’ll learn – How the technology works?
How to use it?
How to buy bitcoin safely?
And How to store it?
So, if regular money is controlled by governments and banks, who controls crypto?
Well, the beauty of crypto is it’s controlled by nobody and everybody at the same time.
Let’s take Bitcoin, for example.
The code is stored in thousands of nodes, which means the computers of tens of thousands of people, who voluntarily run Bitcoin software on their computers.
There’s no central authority or mastermind behind it.
All users effectively retain control, and it’s in everyone’s interest, to keep the network active and healthy.
And running it this way, has all kinds of advantages over banks like banks are only open business hours of the country they’re based in, Blockchain functions non-stop.
And bank payments can take up to 48 hours to clear, and Bitcoin transactions take between 15 minutes to an hour.
So, if there’s no big robust institution monitoring, is it safe?
The answer is a definite “YES.”
It’s got the best security out there, and that’s down to how the information is stored.
Anytime a transaction takes place, and digital money gets handed over to a new user, that gets recorded permanently and can’t be erased, even after it’s changed hands.
And remember, we said tens of thousands of users store the data, unlike a bank with one central database.
If one user has an error or tries to tamper with information, the other tens of thousands will cross-reference each other and correct it, and the bigger the network, the more secure it is. And in the case of Bitcoin, that’s big.
So, you can count on it being secure.
For any investment you make, there are going to be fees.
Fees for making, buying, selling and even storing the investment.
And this is also true of crypto.
But, the difference is that with crypto, fees are determined by users, and that means it’s in their interest to keep them low.
Much slower than the ones stockbrokers charge you to invest in stocks or bonds.
And the same goes for making transfers, especially international ones.
Make a transfer through a bank, and you’re going to get slapped with a high fee.
Still, with crypto, no institutions are making a profit from these money transfers, which is a huge advantage to people doing business—another reason why the adoption rate of crypto is just going to keep going up.
What you have to understand about Blockchain is that Bitcoin and other crypto are built on Blockchain, in the same way, that Facebook or Google are built on top of the internet.
It’s what makes crypto possible.
But there’s more to Blockchain than crypto.
We think that crypto is proof enough that Blockchain is going to become more important, but just in case you needed more, let’s look at all the things Blockchain is being used for:
Big business is using it to record data.
Companies like Pfizer, Walmart, Siemens and Unilever use it to keep data that is too complex for a spreadsheet to record.
Health-care providers use it to store their patient’s medical records safely, and there’s potential for it to grow into records of property ownership.
In elections, blockchain is used to keep track of votes and take away the need for recounts.
Yep, that sure would have come in handy in the next elections.
We’ve already told you, how much Bitcoin’s gone up and how the long-term trend is found to continue upward.
So, we won’t repeat ourselves, but we will take the chance to tell you about a few other cryptocurrencies. In 2020, even with the pandemic in full swing, lots of cryptos had seen significant gains.
The world’s second-largest crypto – ETHEREUM started the year at 145 dollars and is now at 600 dollars, and some are tipping it to be as popular as Bitcoin.
And Ripple started the year at just over 20 cents and is now around 65 cents, and many others are headed in the same direction.
Further proof that now’s the time to get in the door if you haven’t already.
Remember, how we talked about how conventional currencies lose their value because of inflation?
There’s a simple reason why crypto doesn’t – The supply is capped.
This is written into the source code, which states that there will only ever be 21 million Bitcoin ever produced.
Currently, 18.5 million Bitcoins have been mined.
Quick Explanation: Mining means when advanced computers crack complex math problems and unlock the Bitcoins stored in the code.
And even if new Bitcoins are still getting mined, there’s no limit to this, unlike traditional money when banks decide to print it by the truckload.
With Bitcoin, the number of new coins released slows down every four years, meaning the supply is limited, and that’s the reason Bitcoin won’t suffer from inflation.
With traditional money, governments have lots of options for manipulating its value.
We already mentioned printing new money.
As well as that, they set interest rates, the price of borrowing government money, which has Ripple effects for the rest of the economy.
But with crypto, none of this is set by governments.
Instead, everything is controlled by the free market or how much people are willing to buy and sell it for.
And besides that, governments can’t freeze crypto accounts or look at records of who has how much in each account.
That’s because, unlike regular bank accounts, crypto accounts are pseudonymous.
That means the holder doesn’t disclose their true name or identity.
Since Bitcoin was created in 2009, meaning crypto is already over 10 years old, but now’s the time it’s taking off.
And the growth it’s going to see over the next decade, will be a whole load more exciting than what we’ve seen up till now.
You could say the stage right now is like the internet in the 90s.
If you look at the numbers of people, who’ve adopted cryptocurrencies over the last decade, it looks a lot like the adoption of the internet back in the 90s.
Deutsche Bank has pointed out this similarity too, and they predict the adoption rates will keep on the same rate as the internet of the 90s.
In other words, it’s going to keep going up spectacularly and just like the internet disrupted everything literally over the last 20 years.
We’re probably looking at Blockchain doing the same thing over the coming decades.
Look at the list of companies that already accept payment in Bitcoin – Microsoft, AT&T, McDonalds, KFC and Subway.
Virgin Galactic, CheapAir, Gyft, 4Chan, Norwegian Air, Twitch.
Sports clubs like the Dallas Mavericks, Miami Dolphins or Portuguese Soccer club Benfica. And Wikipedia accepts donations in Bitcoin.
True, other companies are still reluctant to allow payments because it’s still volatile, but that’s bound to even out over time.
More and more big businesses will accept Bitcoin and another crypto as payment.
And remember how he mentioned that Twitter’s Jack Dorsey talked about it being the future of money?
Well, he’s put his money where his mouth is, and his payments company Square has invested 50 million dollars in bitcoin.
All proof that big business is taking crypto seriously, and so should you.
So, what do you think is the most compelling reason for getting into crypto now?
Let us know in the comments.
And since you stuck with us until the end, you know we’ve got a bonus for you.
Yep! in the future, this is the way transactions are going to take place.
One day people will talk about how they used to buy things in Dollars, Euros, Pounds, Pesos, One, Yen, Rupees, the same way we now talk about people trading sacks of shells or wool or salt.
And you’re alive at the right time in history, to get in at the beginning of this revolution.
You can either ignore it and miss out or be a part of it.
And now is the time you can choose between one day telling your grandkids you grab that opportunity and won big or admitting to them that you slept through it and missed out entirely.
We hope you found some inspiration in this video today and some useful information as well.
If you learned something and enjoyed it, please hit that thumbs up button and don’t forget to subscribe to more videos every day.
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