So you've probably heard of Bitcoin by now, but maybe you've only recently heard of it or you haven't heard of all the other cryptocurrencies out there. If not, let me first cover the basics.
So first, what is cryptocurrency? Is it a bubble waiting to burst - or the money of the future? Well, that greatly depends on who you ask. There are influential voices on both sides of the argument. But lets at least understand the technology of what powers cryptocurrency and then I'll get into the importance of why I personally believe EVERYONE should be investing at least a small percentage of their savings into this technology. I quote from Business Insider using Bitcoin as the example:
"In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Only bitcoin is entirely digital; no one is carrying actual bitcoins around in their pocket. Bitcoin is divorced from governments and central banks. It's organized through a network known as a blockchain, which is basically an online ledger that keeps a secure record of each transaction all in one place. Every time anyone buys or sells bitcoin, the swap gets logged. Several hundred of these back-and-forths make up a block. No one controls these blocks, because blockchains are decentralized across every computer that has a bitcoin wallet, which you only get if you buy bitcoins."
However, it is much more complex than this statement and should be examined in full if you were to decide to invest: What is Cryptocurrency: Everything You Need To Know [Ultimate Guide].
But the key take away is that this technology isn't going anywhere. Check out these 10 countries that are already accepting and implementing Bitcoin in their economies! And it's only going to continue to grow as more and more people realize the disruption this technology will make in their lives!
So that leads me to the ultimate question: Why should you invest in it? How are people making money off of cryptocurrencies? Well, let's take a look at some of the gains that investors have been experiencing in the last year alone:
However, by the time you read this. These numbers may be completely outdated. The gains that the cryptocurrency community are experiencing is truly remarkable.
So now your next question is, but is it too late to invest?? Well, I will quote from Business Insider and let you do your own research: "Historically, the currency has been extremely volatile. But go by its recent boom — and a forecast by Snapchat's first investor, Jeremy Liew, that it will hit $500,000 by 2030 — and nabbing even a fraction of a bitcoin starts to look a lot more enticing."
Now, don't go putting your whole life savings into cryptocurrencies - I don't recommend that. But wouldn't it be smart to at least invest a small percentage?! - An amount you would be able to live without if somehow your invest went to $0.
I highly recommend watching the following YouTube videos to understand the complexity of cryptocurrencies. This first video will explain the technology behind cryptocurrencies - called Blockchain - and why it's such a groundbreaking intelligence that is going to revolutionize the global economy. Make sure you watch this first because you never want to invest into something that you don't understand!
So if that information doesn't convince you, then at least listen to what some of the richest men in the world are saying:
Okay so by now, you're probably convinced and wondering how do you even start to invest into crypto. Where can you buy it?! And WHICH cryptocurrency should you buy? Well, I'm currently invested in Bitcoin, Ethereum, and Litecoin - but that's just me. Do your own research! There are actually many other valid currencies out there that have the potential for extreme growth in the near future. Anyways, this hour video by Tai Lopez will give you a head start on what you should do!
I'm telling you, I truly believe that IT'S NOT TOO LATE FOR YOU. Cryptocurrencies are still in the very early stages. Of course, we would've been multimillionaires by now if we invested $100 back when Bitcoin first came out. But unfortunately now all we have is the present and we have to make decisions based on the knowledge we know now. It's really not too late - still such a low percentage of the population even knows about cryptocurrencies. But again, do your own research. Make a decision. INVEST. Don't miss out on this global trend!
Scared money won't make money. Don't invest if you are so fearful that you'll sell your investments off after a little dip. Obviously, like any other investment, prices fluctuate. But if you look at the long-term trend, cryptocurrencies are only getting started. So what I highly recommend is investing SOME money. Maybe start off small. Only invest what you feel comfortable with and what you could literally survive off of if you lost all your money. But invest SOMETHING.
Get started here on Coinbase.com today! If you use my referral link, you will receive $10 of Bitcoin - which has the potential to be worth way more than $10 in the future as the value continues to grow! There is no minimum deposit required, but to claim the free $10 of Bitcoin, you must invest at least $100. But why Coinbase? I chose it because it is recognized as a highly secure platform to invest on. It's a good starting point for those just getting into trading cryptocurrencies. CLICK HERE TO GET $10 OF FREE BITCOIN!
Also, after you invest, to be extra safe you will want to consider storing your cryptocurrencies offline. Here are some of the most popular hard wallets selling on Amazon that you can research to find one that suites you:
Please feel free to leave a comment if you have questions!