3 Reasons Why Now Is The Best Time To Start Using Digital Currency
With the cryptocurrency markets fluctuating so much right now, people seem to be on quite a rollercoaster.
But in truth, cryptocurrencies are a powerful new form of money that will benefit you as the face of the economy changes to something we’ve never seen before.
Here are the top 3 reasons you should start investing in cryptocurrencies now.
#3) You Can Make A Lot Of Money
This is the obvious reason that cryptocurrencies have gotten so much hype, and it’s a valid one - anything new needs the right personal incentives for it to succeed, and cryptocurrencies certainly have a lot of monetary incentive for you to buy them.
Despite what you may hear in the media hype, the entire crypto market is still very much on the rise. There will always be spikes, dips, and corrections in the market (especially in the early stages of the market that we’re in now), and seeing past the hype to the long-term vision will reward you with massive wealth and abundance down the road.
As people begin realizing the superiority of cryptocurrencies over traditional Fiat currencies, the value will dramatically rise as demand increases.
This means those that have the foresight to “get in early” will make a big profit off of these currencies that will inevitably succeed.
Whenever the crypto market dips, view it as a good time to buy at a lower price than you normal could.
This is the Charlie Munger & Warren Buffett approach to investing that has clearly been working well for them.
#2) You Get More Out Of Your Time And Effort
Whenever you invest your time and effort into something, you’re creating value which is then stored in “money.”
You can then spend that stored value to buy goods and services that you need or want.
In our current economic system, this money is only valuable because the government says so, and they can manipulate it as they please.
This includes printing more of it to fund their projects and profit those in power, which is happening at astronomical rates right now and leading to massive inflation.
This inflation directly devalues the time and effort you invest to create value with your work, while benefiting and profiting those at the very top.
On the other hand, bitcoin and other cryptocurrencies have a set supply and are controlled completely by the collective people, which prevents a government or other authority from simply printing more.
This means the time and effort you apply to creating value in exchange for money is 100% appreciated, and will actually grow in value as these cryptocurrencies become adopted by the masses.
#1) You Are Protecting Your Financial Future
Of the thousands of Fiat currencies that have existed in all of history, not one has succeeded.
Every single one has failed and collapsed back to zero value.
“Fiat money is a currency without intrinsic value established as money, often by government regulation. It has an assigned value only because the government uses its power to enforce the value of a fiat currency or because the exchanging parties agree to its value.” - from Wikipedia
In contrast, commodity currencies like gold (and now cryptocurrencies) have proven throughout history to maintain value and to be the form of money that countries revert back to after the inevitable failure of a their fiat currency.
Taking all of this into account, long-term investments like a 401k are probably the riskiest investment, as it places your trust into a system that history has proven to fail, time and time again.
Given that we are, globally, at the stage that is historically right before the big collapse, it’s a much safer bet to exit the doomed system by investing in a commodity currency, like precious metals and cryptocurrencies, which have stood up to the test of time.
Why You Should Invest In More Than Just Bitcoin
At this point, most people have heard of bitcoin, and if you’ve been paying attention, you may have heard of the other most popular cryptocurrencies, ethereum, litecoin, and bitcoin cash.
But in reality, there are tons of altcoins doing amazing things that are driving the evolution of our economy and creating massive profits for those people with the foresight to understand their impact and value.
Creating a diverse crypto portfolio by investing in a variety of these good altcoins not only gives you more stability in your investments and the potential for much greater growth…
...It also sets you up to thrive in the future economy that we’ll be moving into within the coming years.
And while buying altcoins and setting up a full portfolio can be confusing, daunting, and overwhelming, with the right guidance you’ll realize how simple and profitable it can be.
If you’re interested in learning how to set up a diverse crypto portfolio from scratch - even if you know nothing about bitcoin or other cryptocurrencies - then click here to learn more.