Business & Experiences

Is Investing In Crypto A Profitable Choice?

STOs are just around the corner. We bet that STO trading will start by the end of 2021.

Advertisement

6. Blockchain & Cryptos are setting the ground for a worldwide decentralized market

Case examples that utilize blockchain technology are several. The W.E.F (World Economic Forum) has found thus far more than 65 applications of blockchain. The majority of these, however, are not compatible with the current fiat structure. They require an exclusive on-site currency. Crypto coins related to projects designed to be broader scale and blockchain application will rise in value for sure.

For example, Ethereum owns the biggest chain of business collaborations in the blockchain sphere. Bitcoin is also expected to support smart agreements through the RSK protocol. Similarly, NEO has spread its wings in this bear time and ICON has been establishing business agreements repeatedly to hyperlink the globe.

The success of blockchain will surely add to the broader penetration of crypto coins in the market; but, only a small portion of the current projects will make it through the final adoption stage. Those that manage to survive, will most likely rise in value several times compared to today.

7. Gamification strategy in the crypto field

Let’s suppose you have plans to stay at home for the weekend and save the 50 bucks you’d spend on a weekend trip or a restaurant. You also saved an extra $50 by not going to the movies or canceling your monthly subscription. By the end of the month, you will end up with $100 on the side to invest in crypto and even if you lose everything, you just lost your extra savings on entertainment, nothing more.

This gamification method when investing in cryptocurrency is a smarter and safer idea to protect your investment from the fluctuations of the crypto market.

The only problems arise when investors quickly jump in to get loans or invest a lifetime’s worth of savings in crypto and sell during falls out of panic.

Some methods are now underway where you can follow the steps of veteran and expert investors and make a small low-risk investment as a start. This means that you pick the one that catches your eye, follow them, pay the charges, and let the system mimic their actions on your behalf automatically.

Whatever method you decide to invest in crypto, always keep in mind there are no advisors that can tell you what is about to happen a few years from now so every action you take could either be profitable or totally unfortunate. Neither of these outcomes is guaranteed 100%.

Portrait of a beautiful young blond woman with red lips in glasses with bitcoins close-up. Cryptocurrency concept. Creative neon lighting

8. A portion of these crypto apps may be potential FAANgs

FAANG is an acronym of the top 5 tech companies like Facebook, Amazon, Apple, Netflix and Google. During the big crack of the “.com” industry. Amazon reportedly noted a huge loss of more than 90% of its value.

It went from trading in 3-figure values to a measly $7 losing over 90% of its value. However, the ones who were dedicated to the company and stuck with their investment are now reaping $1500 worth of stock which equals 241X its lowest value. Many find today’s market state similar to the .com crack, something that implies that the majority of +2K projects won’t be available in two years from now but the ones that manage to survive the volatility of the market will yield 100X their current value over the next 10 years.

Market analysts reckon that crypto projects like Bitcoin, Stellar, NEO, Cardano, and Ripple among others, may be potentially able to tolerate the market volatility and rise from the ashes as winners. If we ever note a wide distribution of blockchain, those that make it through will become massive names in the upcoming years.

Continue to the Next page to read the rest  :

Advertisement
Advertisement