Some will say that the crypto craze reached its peak in 2017 when there was a mini bubble burst and lots of people lost their money because they made poor investments. These times are over, and it is 2021 now; lots of things in the crypto world are changed. Learn more about it here.
Since 2019, different parts of the crypto scene took over. The DeFi and NFT markets opened up and the entire blockchain technology received a helping hand from them. The industry is growing with cryptocurrencies still rising.
New ones are emerging on the scene every day, and more people are jumping in to take part in the action. Some suggest that it is too late to start investing, but this is not true. It is the right time to invest in crypto.
In this article, we’re going to share five reasons why investing in crypto right now is smart. We will talk more about it and we will mention one of the latest booms in the industry called – the HODL token. Keep up to see more about this and learn about the crypto world.
1. It’s still an early stage of the entire industry
When someone says that it’s too late to invest in crypto and the market is at its pick, then they have absolutely no knowledge of what’s happening on the market. At the moment, there are around 68 million blockchain users all across the globe.
If you know a little geography, you know that there are almost 8 billion in the world, and the number above is not even a full one percent of the entire population. For example, almost everyone uses the banking system and fiat coins, so making the change from traditional banking to decentralized finance, for example, is going to be a complex change.
Whenever someone in the future says that the crypto world is over and it’s too late, remind them of these facts. There’s a lot to grow and we’re only at the beginning of that growth. Investing now is the right time. You just need to know where to invest and how to do it properly.
2. Buying for low prices is still possible
With new coins emerging every day, you can find new affordable opportunities constantly. For example, the HODL Token is only a few months old. Since its launch on the market, it has had a few ups and downs, but it is now on a low level and at a price that is affordable for everyone.
Buying now is the smartest thing to do. That’s because the price is going to grow in the future and the value of this currency is going to reach new heights. If you try to invest in Bitcoin, you need to have at least $40,000 and you have no guarantee that this money is going to go up.
Bitcoin is already on a level on which is hard to presume that it is going to grow, which means your money is not going to grow. On the other hand, small-volume currencies have a much brighter future as they are at the beginning of their journey.
Of course, some of them are not going to make it, which is why you need to know where to invest and which ones should be avoided. More about this in the following.
3. The potential of the entire blockchain technology is unlimited
Right now, we see a few popular niches connected to the blockchain industry. Those are the cryptocurrencies, the DeFi technology, and the NFT market. In the future, no one can know what is going to happen next, and what new technology we will see to become useful and popular.
With decentralized finance technology, there’s a great chance that more and more new fields will emerge. Decentralized finance means that the smart contracts happening on the blockchain can be used by companies who are now paying high taxes and cope with procedures to get the best of trading. With these methods, everything is seamless and easy to be done.
4. Buying cryptocurrencies has never been easier
Buying crypto right now is as easy as it can be. There are lots of websites offering this service. You can now easily swap fiat currencies for various cryptocurrencies. Websites like Binance, Coinbase, Gemini, Kraken, and others are improving their interfaces by the day.
They are making it easy for users to turn their funds into cryptocurrencies and follow their progress on the market. Once they reach a particular level, they can sell them or turn them into different assets. It’s an exciting new world out there made for those who love to make more out of their funds.
5. Hacking is nearly impossible with blockchain
There was info about 2.5 billion bank accounts being hacked in 2018. This is a staggering number. Hackers are going on a rampage on banks and their users, but they are not nearly as successful when it comes to blockchain users. See more about this on the link: https://www.inc.com/heather-wilde/whether-youve-been-notified-or-not-your-identity-has-been-compromised-heres-what-you-can-do-about-it.html.
Centralized exchanges are constantly being hit, but DeFi exchanges are nearly impossible to be hacked. That means having a wallet filled with crypto is much harder to be hacked than having a standard bank account which is almost certain that will be breached. That’s why people love investing in blockchain technologies – it’s much safer than traditional banking.
The five points from above explain why the crypto world should be explored and why investing in it is the smartest thing to do with your money. With so many new currencies available for lower prices that are only going to go up, it’s crazy not to.
However, proper research and finding out who has a perfect plan for the future is a must. Don’t just throw your money in the first coin you see. Check out their whitepaper, their plans, and who stands behind them. Only then invest in them and see how your money grows.