• Skip to main content
  • Skip to primary sidebar

NeededInTheHome

Homemade, Home Interiors, Home Life.

  • About
  • Homemade
    • Crafts
    • Food
    • Recipes
    • Sewing
  • Home Interiors
    • Home Decor
    • Home Repair
    • Home Spaces
      • Backyard
      • Basement
      • Bathroom
      • Bedroom
      • Dining Room
      • Front Exterior
      • Garage
      • Interior
      • Kitchen
      • Laundry Room
      • Living Room
    • Remodeling
  • Home Life
    • Finances
    • Gifts
    • Holidays
    • Home Business
      • Start an Etsy Shop
      • Storage Auction Resale Business
    • Moving
    • Parenting
    • Product Reviews
    • Vacation
  • Homeschool
    • Homeschool Reviews
  • Oils
  • Shop
You are here: Home / Finances / 7 Reasons Why You Should Buy Cryptocurrency

Finances

7 Reasons Why You Should Buy Cryptocurrency

Please Share:
23   

money graph calculator pen hand 7 Reasons Why You Should Buy Cryptocurrency

Bitcoin rose to fame in 2017 as the currencies value soared to unexpected heights. With this, other cryptocurrencies have also become more popular and more people are buying and investing in them. There have never been more reasons to invest in cryptocurrency.

Note: Some links in this post are affiliate links, which means I receive a commission if you make a purchase. Affiliate relationships include, but are not limited to Amazon Associates, Walmart.com, and Etsy.

money american hundred dollar bills bitcoins 7 Reasons Why You Should Buy Cryptocurrency

Image Credit: Pexels

 

Reasons To Invest In Cryptocurrency

 

Quick and Easy

 

Investing in cryptocurrency is a lot quicker and easier than you might expect. You can sign up to one of many different websites and companies and buy them directly from there. The other option is to use your computer to mine for a specific currency. This is probably only available to people with high-end computers, so you might not have this option. However, buying cryptocurrency is as simple as going on a website and buying some and adding it to your digital wallet. Different places will charge differently for a transaction fee, but the process is still the same, and it can be done very quickly. Moreover, you can make things even easier if you trade through a broker.  Just ensure you read some reviews in order to get more information and feedback on any brokers you are considering using before signing up.. For example, any German investors looking to trade via a broker might want to read these libertex erfahrungen, or libertex experiences. Libertex is a regulated online broker that is one of the most established providers in the industry.

 

You Can Practice In Demo Trading Mode

Some trading platforms, like one reviewed in this article https://www.etf-nachrichten.de/autotrading/bitcoin-era/, will give you access to different trading modes. Usually, a “demo” trading mode and a “live” trading mode. The “demo” trading mode can help a new trader understand the basics of trading so that they can practice and learn how to make a profit from their investments. When the user is ready to switch to the “live” trading option, they will use real money to trade.

 

Lots of Choices

 

While Bitcoin is the most popular and well known cryptocurrency around, that doesn’t mean it is the only one. There are far more cryptocurrencies than you probably expected, but other popular choices for investment include Ethereum, Dash and Litecoin. Each one is slightly different from the other. Ethereum, for example, allows people to mine its currency from their smartphones. Having a lot of choices means that you can weigh your options and pick the currency that you think will be the best investment or that suits your personal needs.

 

Their Uses Will Continue To Grow

 

At the moment, you might not see much of a use for cryptocurrency beyond a simple investment. However, they are being integrated into online purchases more and more. A lot of retailers are starting to accept cryptocurrency as a standard form of payment. This means that you can use your investment to buy things like you would with normal money. The more cryptocurrency is used, and the more people get involved, the more it will start to be seen as a normal form of currency, and you will gradually see more and more of its use. If you invest early, then you can be part of that first wave of people who get to use their cryptocurrency for all kinds of exciting and interesting things. This is already happening, and you can already buy Ethereum with IRA and turn your retirement fund into a cryptocurrency.

 

Privacy

 

One of the things that have made cryptocurrency so popular is the level of privacy that it comes with it. Cryptocurrency like Dash, for example, are popular because of the high levels of privacy that they give their users. This level of anonymity is attractive to some people, and this might be a deciding factor in whether you decide to invest in cryptocurrency or not.

 

You Are The Owner

 

Unlike a lot of other currencies, investments or anything else, if you own a cryptocurrency, then you own a cryptocurrency. The exact amount in your wallet is exactly how much you own. Whereas with a bank it doesn’t always represent how much money you have, due to how transactions work with cryptocurrency, there is no delay when making a transaction. Instead, if you receive or spend a cryptocurrency, you see the results of it in your wallet.

 

Not Managed By A Bank or Government

 

This is another reason why people find cryptocurrency such a great investment opportunity. It isn’t controlled by a bank or government and it isn’t controlled and owned by its users. This makes it much harder for things like fraud to take place. When a cryptocurrency is created or a transaction completed, it is stored in a public file. This is then encrypted to keep both parties secure and private. It is the fact that this is a decentralized currency that makes it so attractive for some people.

 

Potential Growth

 

There is a popular saying among investors “past performance is not an indicator of future growth”. However, if the rise of Bitcoin is anything to go by, then other cryptocurrency could see similar growth. It is important to remember that investing in a cryptocurrency is the same as investing in anything else. There are risks involved, and you should never invest more money that you are able to live without. Cryptocurrency could go on to see massive growth and continue to be popular. However, it could also see a drop or crash. This is the risk you take with any investment. The problem is that cryptocurrencies are volatile and can change drastically in a short time. This can work to your advantage and mean massive gains, but it could just as easily lead to large losses.

 

This is a contributed post.

 


 

Subscribe so you never miss a post.

Please share this post.

bitcoins progress chart calculator pen hand 7 Reasons Why You Should Buy Cryptocurrency

Join the newsletter

Subscribe to receive our latest articles and promotional content by email from NeededInTheHome

Your request has been received and information has been sent to you. Please check your email! IMPORTANT! To make sure that our mail reaches your inbox correctly and is not blocked by mistake, please add our email address to your whitelist - amy@neededinthehome.com to your email address book and/or to "whitelist" (trusted senders).

There was an error submitting your subscription. Please try again.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Please Share:
23   

January 15, 2018 by admin 7 Comments

Support My Work

Reader Interactions

Comments

  1. Robert Bint says

    October 11, 2018 at 2:09 am

    Hi,
    Nice Article!

    Enjoyed Reading the Post!
    Bitex Global is a great platform for bitcoin exchange. You can navigate online to know more.

    Thanks

    Reply
  2. Desmond Mar says

    September 2, 2018 at 2:36 am

    Thanks for sharing. Personally I am a strong believer of cryptocurrency as well. The use of blockchain technology that underpins of use cryptocurrency to transform the current financial system is inevitable in years to come. Better transparency, without relying on any 3rd party as intermediary, lower transaction cost, quicker settlement, etc. Good choice as an alternative investment.

    Reply
    • admin says

      October 16, 2018 at 5:32 am

      Good information. Thanks for stopping by.

      Reply
  3. Cannon Law says

    August 16, 2018 at 1:14 pm

    Great list. People should look into adding crypto to their investment portfolio. What other cryptocurrency do you see increasing in value sometimes soon?

    Reply
    • ICO Law Group says

      August 16, 2018 at 4:25 pm

      I really like LTC. I think LTC is more adaptable than bitcoin in payment processing.

      Reply
  4. Adaml says

    January 22, 2018 at 3:12 am

    visite for bitcoin info

    Reply
  5. Adaml says

    January 22, 2018 at 12:56 am

    we are organising a beginner level seminar & workshop to teach people about bitcoin and have good understanding about it and be comfortable using it. We also send FREE bitcoins to all participants. It will also have networking for business people. This will be college level class. Our class will compare to several months of own research minimum, and thats if you get the correct information the first time. Multipe unbiased experts in the field will be teaching the class

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Follow Me on these platforms and Join over 7,000 readers!

  • pinterest
  • twitter
  • instagram
  • facebook
  • mewe
  • youtube

Hi! I’m Amy!

Join the newsletter

Subscribe to receive our latest articles and promotional content by email from NeededInTheHome

Your request has been received and information has been sent to you. Please check your email! IMPORTANT! To make sure that our mail reaches your inbox correctly and is not blocked by mistake, please add our email address to your whitelist - amy@neededinthehome.com to your email address book and/or to "whitelist" (trusted senders).

There was an error submitting your subscription. Please try again.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Categories

Before Footer

NeededInTheHome - Homemade. Home Interiors. Home Life. We give advice on all things "home." NeededInTheHome is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. As an Amazon Associate I earn from qualifying purchases. WALMART.COM SM is a service mark of Wal-Mart.com USA, LLC and Wal-Mart Stores, Inc.

Privacy Policy, Disclosure, Accessibilty, Terms of Use, Copyright

Disclaimer, Do not sell my personal information.

©2017-2023, NeededInTheHome.com. All rights reserved. No content on this site may be reused in any fashion without written permission. By using this site, you are agreeing to the site’s terms of use.

  • Home
  • About
  • Contact
  • Start A Blog
  • Start An Etsy Shop
  • Moving
  • Buying Abandoned Storage Units
  • Resources
  • Amazon Influencer Page
  • Our eBay Store
  • Our Etsy Shop
  • Magnetude Jewelry Link
  • paperpie Books Link
  • Young Living Oils Link
  • Patron Newsletter
  • Shop

Copyright © 2023 · Interior Pro on Genesis Framework · WordPress · Log in