Even after a decade of the launch of bitcoin and blockchain, the one question which is still bothering the minds of investors is whether it is profitable to invest in and trade cryptocurrencies. We will try to find the answer here.
While many investors and organizations around the world are still unsure about the reality and future of blockchain, a big chunk of the investment organizations around the world is already considering cryptocurrencies as the biggest evolution in the investment space in the past decade. Still, if you are worried about investing or trading tokens, here is what you need to know about it.
Here’s why you should invest in cryptocurrencies?
Before you start your career in the crypto investment space, one thing you should understand is that by investing in an ICO (token sale), you’re not just buying tokens but you are actually investing in the project backed by those tokens. So, your actual benefits, profits, and returns depend completely on that project. This is why investors are advised to gather all the information there is about a project before investing in it, which is true even for non-ICO investments.
Now, just like any investment product, the returns in an ICO/token investment are produced over time. But the benefit of tokens is that they are known to give quick returns and huge ones. You can take the example of Bitcoin in that regard. The price of one bitcoin was $0.003 in March 2010, which grew to nearly $19,783.0 in December 2017 and still trading well. So, a person who had invested in these coins at the time is now probably a millionaire. The volatile nature of cryptocurrencies actually plays an important role in generating quick and huge returns for investors.
So, in one word, yes, you should invest in cryptocurrencies. They are the future, and they are backed by the very powerful blockchain technology which is the future of digital transactions. Blockchain gives you the much-needed transparency and independence to make and manage your investments by yourself and have complete control over your money.
Now, let’s move to the next part - trading in cryptocurrencies.
Trading basically refers to the activity of exchanging one thing for another. Your daily grocery shopping is also a kind of trading where you exchange money for goods. Crypto trading involves an exchange of a cryptocurrency for another cryptocurrency or fiat currency. Now, the question is why to do that?
Well, why do you trade anything? For a profit, of course. Because you think that the thing you’re trading your money for is of more or at least the same value. Trade cryptocurrencies for the same reason. The blockchain technology is just getting started and will see immense applications in the near future. As the value and importance of blockchain increases, so will the worth of the tokens based on this technology. This is why one can almost be assured that the tokens they are buying today will rise in value tomorrow.
Just be sure to invest and trade the right token and diversify your portfolio across multiple cryptocurrencies rather than putting all your money in one place.
The Bitica coin is now successfully trading on the TradeSatoshi and Crex24 exchange platforms. You can buy the token there as well as invest in BDCC for a great return.