Bitcoin has recently made headlines with its volatile price fluctuations and has generated much discussion as to whether investing in it should be part of your 2018 plan. Last week saw its return, currently trading above $9000 per coin and many experts predict its unit price to soar even higher this year. Andrew Pritchard, MD Blockchain for head cryptocurrency account The 10x Growth Account offers six reasons as to why you should enter and invest in the world of cryptocurrency this year.
1) Improved Crypto Regulations
On one level, cryptocurrency’s unprecedented surge has resulted in better regulations which are just now beginning to come into fruition. Such regulations have helped greatly in increasing exchanging activity and thus coin prices; while tighter guidelines will assist with combatting many crypto scams which have marred investment desirability. Each new coin and investment opportunity must adhere to specific criteria, which in turn calm potential investor fears and provide a solid basis for future investments growth.
2) Blockchain Is Here To Stay
Since 2016, business and media discussion of crypto-investing has focused heavily on Bitcoin; however, there are numerous other cryptocurrencies to explore supported by truly innovative people and groups. Blockchain has rapidly spread through every community and is undeniably more engaging than following daily fluctuations of individual coins. As you delve deeper into Blockchain’s technology, it becomes apparent that many international organizations, including brands like Microsoft, have started investing significant resources and assets into cryptocurrency investments. Brands are currently exploring how they could incorporate cryptocurrency and blockchain technology into their strategies and methodologies for the future, further cementing predictions that it will become integral in how organizations conduct global operations.
3) It Has Never Been Simpler To Invest
As an individual crypto investor, taking the plunge can be intimidating at first. However, starting to invest in cryptocurrency could prove profitable in time. At my initial crypto investment, it was invaluable having guidance and advice from an experienced adviser to reduce some of my anxiety and tension. However, times have changed and there is now much more information available that enables investors to quickly explore the world of cryptocurrency without many of its previous barriers to entry. Coinbase boasts an enormous customer base of almost 10 million investors and is now one of the most prominent digital wallets for purchasing Ethereum, Litecoin, Bitcoin and Bitcoin Cash among other cryptocurrencies.
4) Out With The Old, In With The New?
Bitcoin has long dominated the cryptocurrency market and may currently be considered the most prominent one; however, this doesn’t indicate its worth as an investment opportunity in today’s environment. At first glance, it may appear as though Bitcoin’s best days have passed; those who invested early have likely seen substantial returns from investing. Investors looking for large returns today must expand their investment scope by diversifying into other “alt-coins”, like Ethereum and Litecoin – two promising cryptocurrencies which could prove popular this year. Now it is important to remember that when making investments of this nature, the risk remains extremely high and you should be ready for total loss of the entire investment. Therefore it would only make sense to invest an amount that you are comfortable losing as this could help secure success with crypto-investing; success shouldn’t be expected immediately and therefore this should form part of an array of varied risk investments; be sure to seek professional advice prior to pursuing new investment choices.
5) Crypto’s Promising Future
As with any investment, it is wise to keep an eye on its long-term viability rather than on momentary price fluctuations; otherwise every change could signal that you’ve chosen an unwise option. Panic selling could lead to you selling at an unfairly low price; when in reality it would have been wiser to wait until its value recovered and went higher before selling off your Crypto. Price fluctuations WILL happen in this volatile market, sometimes more unexpectedly than others. Bitcoin’s sudden drop towards $6,000 alarmed even experienced investors, yet after fourteen days it rebounded back up above $9,000. Experts anticipate further price spikes shortly. When considering crypto investments for long term gains it is best to view investments over periods between one and ten years as this is where true gains should occur.
6) You Will Be A Key Part Of Technological Development
Blockchain’s core innovation lies at the foundation of cryptocurrency world; yet its wide-reaching effects go well beyond just this realm. From supply chain management and accounting, to increased quality verification, simplified production lines, and even democratic structures that work better – Blockchain could completely change how our reality works for the better. By investing in cryptocurrency you are supporting its continued development for future generations to enjoy!