Have you ever heard the expression, 'that is why the rich stay rich'? That is because there is a general consensus that the rich stay rich and the poor and poor. The reason so many people believe this to be true is because everyone knows that the more you have to invest , the higher the gains you can make. You cannot buy a house and rent it out If you cannot even afford your own rent.
You always hear about the rich getting richer and this is because they do. When I think about the rich getting rich I think about wall-street, those big deals turning to big gains. Let's face it if someone told you that they were involved in the stock trade business you wouldn't assume they are poor.
So if everyone knows this, then why doesn't everyone own stocks? Firstly, not everyone can afford to hold off on spending cash for one year only to see 5% gains when they only have fish-fingers in there freezer. Not to mention the stock exchange sites are quite complicated to use. With a confusing amount of options, it's hard to get started. Then to top it off standard fees that are the exact same even if you are buying one share vs a thousand. Which isn't exactly fair to those who can afford a limited amount of stock because when their car breaks down next week and they sell their stocks they make an instant loss, not exactly appealing to working everyday people. This is where crytpo-currency steps in.
With crytpo currency you can use easy to use exchanges like Coinbase so that you can buy Bitcoin during your lunch break and sell it buy the afternoon. The fees are based on a percentage and these low fees mean that your ten dollars incurred fees of only 60 cent. You can buy half an Ethereum and you cannot buy half a stock. Crypto has much higher potential for huge profits. Yes, there is a lot of risk in crytpo-currency but the higher profit potential and simpler exchange sites give a lot of hope to a lot of people.
You have to remember the top 10% only equates to the top 10% of the world leaving a much bigger market size below and because crytpo-currency caters for all, it has a much bigger potential market that will result in a much higher demand and a the same supply.Do you know what that means? It means if you are not bullish on crypto-currencies, you should be.
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