Planning to Invest In Cryptocurrencies? Read This First

[TitanProject1]

Cryptocurrencies are gaining a lot of popularity among both novice and expert investors these days. Ever since the crypto explosion of 2017, everyone seems to be interested in cryptocurrencies and wants to get a piece of the pie. However, one should be very careful when investing in cryptocurrencies. There are risks involved in this kind of investment, and it’s wise not to invest before you know about the risks.

Should you invest in cryptocurrencies - Pros and Cons



Investing in cryptocurrencies has its own set of pros and cons, which include:

Security & anonymity (+)


Cryptocurrencies are powered by blockchain technology, which is a decentralized technology for peer-to-peer, anonymous, and private transactions, meaning you can use cryptocurrencies to send/receive money in a totally secure and anonymous manner.

Decentralization (+/-)


One of the major features of blockchain technology is decentralization, which means the network as well as the transactions or funds are unregulated and not governed by any centralized entity like banks or governments.

While this can be a good thing for privacy seekers, this also creates a number of complications, as a currency without proper governance can be volatile and be used for illegal purposes without being traced.

Volatility (+/-)


Talking about instability in cryptocurrency prices, the high volatility of cryptocurrencies can be a good thing as this investment can provide huge returns in less time compared to traditional investments. However, this can also be a negative thing, as the unpredictable price of bitcoin makes it difficult to be used for regular transactions such as payments.

Independent of Recession (+)


One of the good things about cryptocurrencies is that they are mostly independent of traditional markets like the stock market and banks, and any shift in the traditional market has no major impact on the value of cryptocurrencies.

Altcoins (+)


Another good thing about cryptocurrencies is Altcoins. Altcoins are cryptocurrencies that were/are created as an alternative to Bitcoin (the first global cryptocurrency) and usually provide a solution to the Bitcoin problems.

For example, Titan Coin is a digital currency that is designed to be less volatile and provide a range of applications as global, digital payment currency. Payments with the Titan Coin are secure, fast, and completely private.

Conclusion - should you invest in cryptocurrencies?


You should, if you wish to join the latest digital currency market and wish to leverage the blockchain technology for seamless, cross-border transactions. However, do your research and select the best cryptocurrencies that are backed by a good team and concept before you invest.

There are many new cryptocurrencies being launched almost daily, some of which have really good use cases and great concepts. Look for digital currencies that are trying to solve the world’s problems while providing common users with a nice and easy way to adopt blockchain technology.

On the other hand, if you are looking to make quick profits with cryptocurrencies, you can invest in trending coins such as Bitcoin, ETH, and others that have high volatility.

[bitcoinnami]

I find that the biggest advantage of blockchain is its security and anonymity. it securely protects the trader's identity

[pallang]

I dont have plan to invest into crypto as im afraid to lose when my investment ruin, i dont like to see my investment going down, that the reason why i dont like investing into crypto.

[Arkann]

I dont have plan to invest into crypto as im afraid to lose when my investment ruin, i dont like to see my investment going down, that the reason why i dont like investing into crypto.

I believe that you will by no means be able to lose if you invest in the top rated cryptocurrencies on a long-term basis, especially in ETH and BTC. Most people invest almost all the money they have and want to make big profits quickly, but in the cryptocurrency market, this is very difficult to do. Therefore, in order not to burden your home budget, for investing in cryptocurrency, you need to allocate only that amount of funds that will not negatively affect the financial security of your family.

[CryptoManiaks]

Good points TitanProject1.

Although, the Security could still have a negative side as the crypto-world is full of scammers and websites created with a single purpose (and it’s definitely not a good one). The point here is that you have to be extra careful when using some of the not so popular and high-reputation wallets and exchanges.

Let’s add a few more points.

Scarcity - There will only ever exist 21 million Bitcoins. That is a fact, and it cannot be changed, as per the main rules. So, here is another point that leads to purchasing Bitcoin ASAP, but you never know.

Low fees - International bank payments can be time-consuming and expensive. However, Bitcoin often offers lower fees than many foreign transfer institutions. And not to mention that many other popular altcoins (such as Monero, Dash, Ethereum, Litecoin, Bitcoin Cash, EOS, Ripple, and others) offer much lower transaction fees.

[Rodeo02]

I  believe that you will by no means be able to lose if you invest in the top rated cryptocurrencies on a long-term basis, especially in ETH and BTC. Most people invest almost all the money they have and want to make big profits quickly, but in the cryptocurrency market, this is very difficult to do. Therefore, in order not to burden your home budget, for investing in cryptocurrency, you need to allocate only that amount of funds that will not negatively affect the financial security of your family.

You can also lost in that two currency that you say , the price of bitcoin and ethereum is unpredictable you' will never know what will be the price of it in the next more day or years. You are lucky if they can stay in that price or if its increase what if the opposite happen instead of adoption many people lost trust of it in long term? Its much more secured compare to other crypto currency but you cannot say you will never lost investing in it.

[NMBT]

Good points for people who starts in the crypto field.

Good reading, Congratulations!