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Investment opportunities that are easy to get into are very few. Having a high barrier of entry such as in real estate or business investment, deter most people from doing it. This is unfortunate as you will be missing out the chance to make a decent profit while doing little to no work.
If you really want to get into the investment game, then consider cryptocurrency.
Cryptocurrency is one of the most exciting investment opportunities to come around in the last few years. Unlike stocks and real estate, there is a very small barrier of entry. There are thousands of blogs and videos to help those just starting out.
When someone who doesn't know a lot about cryptocurrency thinks about it. Their mind will most likely go right to Bitcoin. While this the most well-known form of crypto, it isn't the only mainstream that people can get involved with. Bitcoin does have a high level of entry with its price sitting at $25,055.05 AUD at the time of writing. This means the average person could not afford this. However, there are several other cryptocurrencies that you can invest and will not break your bank.
Ethereum is another main cryptocurrency that is somewhat well known. The difference between Bitcoin and Ethereum is the price. Ethereum's price is $775,83 AUD at the time of writing which is significantly lower than the entry-level for Bitcoin.
Why is now the best time to invest in cryptocurrency?
Well for starters it is now more popular than ever so. There many resources and people you can refer to get more information on your desired crypto. Most importantly, the recent Crypto Research Report (CRR) has given all current and future crypto investors something to look forward to.
According to the most recent CRR, all major cryptocurrencies, which include Bitcoin and Ethereum, will all increase in value over the next 5-10 years. The price of Bitcoin, in particular, will be worth close to $400,000 USD before 2030. This means that if you invest now, you could get back 26x your initial investment in the next 10 years, and no other form of investment can give you that.
It is easier than ever to purchase cryptocurrency. Multiple sites use several payment options. PayPal is also available for those who are not comfortable in using credit cards online. You can even track how your investment is going throughout the day from the safety and comfort of your own home.
All investments do come with risks so please make sure that you do adequate research before investing anything. We also recommend reading the stories of those people who have lost their money. This is for you to learn and avoid the mistakes that they have made.
To track your preferred cryptocurrency and see how it moves against others. Click here and go to our main page where we track all cryptocurrencies.
- Ethereum is expected to reach $4,000 USD by 2030
- Some sites offer discounts on the cryptocurrency you buy.
- Bitcoin can't be replicated so there are no chances of forgeries ruining the market.
You want to learn more? Check out this video from The Top Coins Youtube: