Why You Should Invest in Cryptocurrencies This Year (2020)
Investments are a great way to spend any extra money you may have. There is a strong chance you could turn that $10 into $100. So, in 2020, where can you invest your hard-earned money?
Many people invest their money into real estate, new businesses and stocks, but what about cryptocurrency? Only about 3% people in the world currently invest in cryptocurrency. So, why should you?
Here are the top reasons why you should invest in cryptocurrency:
1. It is easy to start.
Unlike property and business investments which have a large barrier of entry, cryptocurrency has low entry barrier. It is also easy to learn about. There are thousands of blogs and videos detailing every bit of what it takes to make money with cryptocurrency. The number of sites you can buy and sell on is also ever-growing.
2. You can track it
Cryptocurrency is a lot like stocks as you can track them on an almost hourly basis. This is something you cannot do with property or business investments. It's so much better to be invest in something that you can see its progress throughout the day. You can track it from the comfort and safety of your own home.
3. You really can make money with it.
Although not everyone will come out a millionaire, you can still stand to gain a profit if you buy and sell at the right time. With the help of online guides and videos, you really can make decent money with cryptocurrency. Current projections of what crypto will be worth in the next 5-10 years are very promising. It makes current investors incredibly pleased. These are just rough predictions though so take them with a grain of salt.
4. No maintenance required.
Unlike property investments, you literally don't have to do anything with it. You can just buy it and let it sit in to your wallet until it gains value. People who sold at Bitcoins peak in 2017 may have purchased it all the way back in 2010 when it was sold for 8c and just let it sit. This will happen if you do invest in crypto, but it is just a possibility.
5. It is easy to sell.
Let's say, you need to get some money quick because of an emergency, but all of your extra income was tied up in real estate. Unless you could sell the property you invested in. Cryptocurrency is different as you can sell it and have the money in your bank account almost instantly.
The world of cryptocurrency is so exciting right now with newer technology making it easier to mine. Along with more people coming around to it, the time has never been better to invest in cryptocurrency.
If you want to track your preferred cryptocurrency, go to our main page. We track every cryptocurrency on the market and give hourly updates.
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