Are Cryptocurrencies Worth It? 4 Benefits You Should Know
Kevin Ocasio
Are Cryptocurrencies Worth It? 4 Benefits You Should Know
Are you familiar with Bitcoin, Ethereum, and Electroneum? If you’ve checked my previous article on cryptocurrency, you will realize that cryptocurrencies are an interesting topic. Cryptocurrencies have gotten more attention these days, most especially that people are looking for alternative ways to invest.
Think of cryptocurrency as the online version of money. A digital currency, cryptocurrency is managed using advanced encryption techniques. Principles of cryptography are applied here in order to keep all digital currencies secure. Unlike our typical money, cryptocurrencies have no intrinsic value. Their values depend on supply and demand. If more people are willing to pay for a top cryptocurrency, Electroneum (ETN) for example, then ETN increases its value.
I’ve looked up the topic on Google Trends: And yes, investing in cryptocurrencies allows you to multiply your hard-earned money. The secret is to know which cryptocurrency to buy. Still, a lot of people approach the topic with skepticism. Of course, it’s a normal thing to fear something you know nothing of.
Is cryptocurrency here for the long-term? Will cryptocurrency die? What’s a top cryptocurrency with the most potential? Before you get to figure out the answers, it’s important that you understand the benefits of cryptocurrency. Hopefully, my blog post will enlighten you and change your outlook of this investment tool.
What Is Cryptocurrency?
Let’s consider Bitcoin since it’s the most popular cryptocurrency. When Satoshi Nakamoto first introduced Bitcoin in 2009, it was basically worth $0. Come 2010, Bitcoin never reached $1. In September 2017, for the first time, Bitcoin skyrocketed to over $5,000. Because cryptocurrencies are susceptible to change, the idea of investing in one doesn’t appeal to everybody. If you cannot risk this kind of volatility, then you’d better focus your energies elsewhere.
Why Cryptocurrency Is Good In what specific ways can you and other people benefit from cryptocurrency?
1. The government cannot take it away from you Control over currency impacts everyone who uses it. As we already know, the government controls the transfer of fiat money (paper money). It dictates who can profit from it.
Are Cryptocurrencies Worth It? 4 Benefits You Should Know
Are Cryptocurrencies Worth It? 4 Benefits You Should Know
They can even track its movements. Banks and government entities cannot control or destroy cryptocurrencies out of thin air.
In fact, it immediately gained eyeballs from top personalities like English Football manager Harry Redknapp.
If you’re an active user of PayPal, pretty sure you know that your money is subject to their terms. Most often you’ll find yourself paying for more for important transactions.
Duncan Logan also Tweets his interest in the new mobile coin:
Once you own a top cryptocurrency, it’s all yours. There’s no third-party involved.
2. Easily accessible to and simple for everyone – regular people like you and me Most cryptocurrencies are quite difficult to understand. Can you picture out how a regular user would feel using money that looks like this: 0.013245? We’re all used to two decimal places on fiat money. Which are you more comfortable with for making transactions: A Bitcoin value of 0.01374 or its equivalent value of 345.67 on Electroneum? Most likely Electroneum. This is why smartphone users can easily adapt to a new, top cryptocurrency like Electroneum. Aside from the fact that it’s simpler to look at, you can conveniently access Electroneum coins right from your mobile device. Electroneum makes this possible through an online wallet like Coinbase which keeps your coins. Instead of logging into your cryptocurrency account from your computer, you can do that anytime and anywhere using Electroneum’s Apple or Android mobile app.
What can you do with this new mobile-based cryptocurrency? Anyone can invest in Electroneum and use it for the following:
Online gaming Gambling Long-term investing Exchange it for other digital currencies or US dollars
3. Increased level of security As I’ve mentioned earlier, cryptocurrencies are encrypted. This ensures that your transactions are secure. A cryptocurrency does this by means of digital signatures that cannot be forged. Obviously, it’s much harder to steal something that’s virtual and encrypted than a wallet full of money or credit card details! No one can literally hack Electroneum. But then again, like any other investment you make, you lose or gain more cryptocurrencies because they’re susceptible to price swings. This is why they’re interesting.
4. Low price for cryptocurrency ICOs (Initial Coin Offerings)
Are Cryptocurrencies Worth It? 4 Benefits You Should Know
Are Cryptocurrencies Worth It? 4 Benefits You Should Know
Every cryptocurrency starts as an initial coin offering. Here’s a very simple explanation of an ICO: A company that introduces a new cryptocurrency needs early investors. The company introduces the new currency and sells it for a very low price. Once the cryptocurrency booms, early adopters like you will profit from those coins. Remember what I mentioned about changing values that depend on supply and demand.
Compare this value with other cryptocurrencies like Bitcoin ($5,000 per coin) and Ethereum ($301.76 per coin). It’s definitely worth your involvement. As someone who’s probably looking to invest or make huge money anytime soon or in the future, this is your chance to buy Electroneum coins while they’re still cheap. Join their token sale now to enjoy a 10% bonus. Wait for the value of your Electroneum coins to increase over time or sell them high for short-term gains.
A man once purchased 5,000 Bitcoins for only $27 when it was still new. Bitcoin made massive success and the man’s small investment in creas ed to n early $900,000 .
Now Is The Best Time To Invest In A Top Cryptocurrency Here’s a short video of Electroneum: Watch out for Electroneum’s launching this November 1st. There is no better time than now to take advantage of this new cryptocurrency.
Perhaps the biggest benefit on your part is the incredibly low investment you make. 1 Electroneum is Electroneums today.
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Are Cryptocurrencies Worth It? 4 Benefits You Should Know