Best Cryptocurrency To Invest In 2021 For Long Term
4 REASONS WHY NOW IS THE BEST TIME TO INVEST IN CRYPTOCURRENCIES
Returns You Could Never Have Imagined
Let us just compare Bitcoin’s rate of return with that of S&P 500 stocks, which is the leading indicator of the performance of U.S. equities from the year 2021.
I wish I can say that we’re dreaming. But we’re not. Say you invested $10,000 in early 2021 in U.S. stocks, by now your total investment value would be around $12,000.
But if you invested in Bitcoin, you would be worth a whopping $60,000. Let’s choose another prominent coin. Ethereum
What is the best time to invest in cryptocurrencies?
4 REASONS WHY NOW IS THE BEST TIME TO INVEST IN CRYPTOCURRENCIES
Returns You Could Never Have Imagined
Let us just compare Bitcoin’s rate of return with that of S&P 500 stocks, which is the leading indicator of the performance of U.S. equities from the year 2021
I wish I can say that we’re dreaming. But we’re not. Say you invested $10,000 in early 2021 in U.S. stocks, by now your total investment value would be around $12,000.
But if you invested in Bitcoin, you would be worth a whopping $60,000. Let’s choose another prominent coin. Ethereum
Cryptocurrencies Aren’t Just Bitcoin & Ethereum!
Bitcoin and Ethereum may be the biggest coins now, but there are hundreds of coins which can achieve similar or even better rates of return.
Each coin has a specific purpose or solves a particular issue. You can have a look at the different coins here. (Read more: Guide to Blockchain Protocols: Comparison of Major Protocol Coins)
However, a word of caution: Make sure sufficient due diligence is undertaken before investing. I will suggest you invest with Axelar Digital (www.axelardigital.com). You can contact their live support for more information.
Huge Growth Potential
The crypto world is extremely intimidating, due to the complexities in understanding the technology. The use of technical computing terms can confuse and deter outsiders.
This is the main reason why many stay away from cryptocurrencies. In addition, it can be a real challenge navigating through the ecosystem; from opening an exchange account, to sending coin transactions, to managing one’ private wallet for safekeeping.
The fact that the Cryptos intimidate most people is the very reason why you would want to be in it and more reason to invest with Axelar Digital (www.axelardigital.com) and earn ROI (return on investments). Jumping on the bandwagon earlier than most would give you an edge, both in terms of potential gains and experience
Ideological Empowerment
If you’re not a big fan of the government, the big banks or monopolistic corporation, then cryptocurrencies are perfect for you.
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Humans are used to a central authority– in the form of a government, an institution, or a company- that set rules to dictate the way things should be done.
What if the tables are turned, and the masses have a real say in how things should operate? Now that is a truly democratic ecosystem.
The decentralization of cryptocurrencies democratizes traditional powers and empowers the masses. No more shall you depend on financial institutions for transferring money that comes with an exorbitant fee.
Not only that, having private wallets to store your coins gives you full control of your money. It’s like managing your own bank; you decide your own rules.
This means that actors with bad intentions would find it extremely unproductive and expensive to attack or compromise the system, as the amount of resources needed to do so would be astronomical.
Instead of wasting their resources to compromise the system without gaining any incentive, the logical thing to do is to contribute their resources to strengthen the security of the system (a process called “mining”).
Bragging Rights
Imagine having the opportunity to be part of the internet revolution in the 1990s. It was a perfect opportunity for you to acquire a vast amount of wealth and more importantly, bragging rights.
The rights exclusive only to the initial investors and backers of the revolutionary technology, and that which could serve as your lifetime legacy.
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