While the price of these cryptocurrencies skyrocketed to new heights in 2017 and 2018, bringing huge profits to those who got in early, especially for those who invested in Bitcoin (click here for more information), there are still plenty of other cryptocurrencies out there, so it’s not too late to invest. As such, it’s no surprise that many investors are thinking about investing in cryptocurrency. If you’re thinking about investing in cryptocurrency, or if you just want to know more about it, check out these five reasons why you should invest in cryptocurrency, whether you are a beginner or an experienced investor.
5 Reasons to Invest in Cryptocurrency
1) The main currency - Bitcoin
The most obvious reason why you should invest in cryptocurrencies is the success of its main currency, Bitcoin. You should buy bitcoin because its value has increased over time, and it will probably continue to increase, and it has made numerous people incredibly rich. When you first look at a graph of bitcoin’s price history, it looks pretty random. But big picture, bitcoin has been on an upswing since late 2012 when it was worth less than $10 per coin. The trend may not continue indefinitely—there are plenty of forces that could slow down or stop bitcoin’s growth—but it’s difficult to argue that there’s a much better investment opportunity out there than cryptocurrencies right now.
Continue reading: https://africa.businessinsider.com/local/markets/5-reasons-you-should-invest-in-cryptocurrency/g0b9v1b
5 Reasons to Invest in Cryptocurrency
1) The main currency - Bitcoin
The most obvious reason why you should invest in cryptocurrencies is the success of its main currency, Bitcoin. You should buy bitcoin because its value has increased over time, and it will probably continue to increase, and it has made numerous people incredibly rich. When you first look at a graph of bitcoin’s price history, it looks pretty random. But big picture, bitcoin has been on an upswing since late 2012 when it was worth less than $10 per coin. The trend may not continue indefinitely—there are plenty of forces that could slow down or stop bitcoin’s growth—but it’s difficult to argue that there’s a much better investment opportunity out there than cryptocurrencies right now.
Continue reading: https://africa.businessinsider.com/local/markets/5-reasons-you-should-invest-in-cryptocurrency/g0b9v1b
