Crypto Currencies like Bitcoin are taking over from many country’s currency as the most reliable way to do business internationally and even locally, especially in countries with unstable currency. Venezuela for one has recently stated that they will adopt a crypto currency backed by oil as their national currency.
At present, it is difficult to do many things with $10,000 or more, but with crypto no one cares, even if it’s over $1,000,000 or more. Big businesses making deals internationally don’t need to follow any government rules telling them what they can and can’t do. It makes buying a factory in another country almost as simple as buying a chocolate bar at your favorite convenience store.
Why is this? Crypto currencies are not controlled by any bank, government, or financial institutions of any kind, so they can freely be passed from one individual or company to another without interference. Also, while governments continuously print more money which devalues any current money in circulation, crypto currencies are “capped” so no more will ever be released, causing them to go up in value instead of down like regular paper money, also known in the financial world as “fiat” money. Some of the wealthiest people in the world like Warren Buffet and Bill Gates are speaking positively about crypto currencies as being the way of the future.
One of the great features about crypto currencies is that anyone can start earning money with as little as a $10 or $20 investment, and there is really no limit as to the ceiling someone puts on their investment. It all depends on how fast the investor wants to see a satisfactory return on their investment. The investors age has a lot to do with it. The younger a person starts on this path, the longer they have until retirement, and the more money they will make with smaller investment amounts. Plus, they will probably be able to retire at a younger age than what is considered normal.
There is also a lot to learn about investing in crypto currency. It’s a simple process, but mistakes can be costly and investments can be unrecoverable because of a simple thing like a typing error. This is because crypto currencies do not exist in a physical sense like gold, silver, or even printed paper money. They are merely “addresses” that exist between computers. These long encrypted addresses are the way crypto currency passes from one owner to another. Just one wrong character and it’s gone forever, one of the praises of “copy & paste”.
There are a lot of “ups” and “downs” in the crypto world too, just like in any normal stock market. Prices are a direct reflection of demand, and the most popular currencies demand the higher prices. Bitcoin for example, has increased over $15,000 and over 2,000% in the last year alone, making it difficult for new investors with limited funds to invest in. But even a few dollars in now might have surprising results. Some economists have predicted that Bitcoin may go to $1,000,000 and some are also saying that 2018 is going to be a year of massive changes. Mind you, these are only predictions with no guarantees, like most things in life. Everything anyone does in the Crypto World is their own responsibility, and theirs alone.
What are the risks of owning crypto currency?
The risk of owning cryptocurrency is pretty simple. You could lose money… 🙁 but that’s no different than the risk that comes with any investment. Every sane crypto investor understands this.
What about the risks of NOT owning cryptocurrencies?
Those are very real too…
When a country’s currency is devalued so much that it’s people can’t afford to buy the essentials of life, what then ~ crypto currency to the rescue. It’s value has no dependence on what any country’s currency is worth. Therefore, those who own some crypto can survive quite nicely – those who don’t will suffer. Simple! And as a country’s currency loses value, crypto gains.
The following example is all hypothetical and is not based on any real facts – it is only an example…
Say you started a savings account when you were around 20 (which most 20 year olds don’t do), it would have increased in value according to the amount you invested in it and the interest rate the bank was willing to pay you for the use of your money. Now when you started this account, your goal was to save $100.000 by the time you wanted to retire. At that time, $100,000 was a lot of money to retire on.
So you saved some of your earnings every month for 40 years, and with your additional deposits to that account and the interest added to it by the institution, your savings account was nearing the goal of $100,000. Great! So now after slaving away for 40 years you want to retire, and suddenly realize that $100,000 can’t buy what it could when you initiated this awesome plan. Today and at today’s bank rates, you certainly cannot live on the interest alone generated by this amount of money. It lost it’s value due to inflation.
But, if you invested even part of this money in crypto currency when it started, the results would be a lot different.
Bitcoin was offered at around $13 each in 2013. At the time of writing this post, Bitcoin was worth over $13,975 each. That’s an increase of around 1075 %. No savings account ever paid this much. You can do the math yourself but, for every $100 you invested in Bitcoin at that time, you would now have $107,500. And that’s only for a one time investment of $100. Just think what you would have if you regularly invested a part of your paycheck every month. Now Bitcoin could not always be purchased for $13. But for several years it moved slowly, mostly because of disbelief that it would ever amounting to anything. So for many years, more Bitcoins could still be purchased for a very special price
It wasn’t until 2016 that the increases slowly started and in 2017 huge increases took place. For several days now, there have been a lot of ups and downs, and most since the convention in Malaysia that took place at the end of November, 2017. All I hear are rumors that crypto is about to explode worldwide, but haven’t seen any details.
This snapshot is where it’s at on Dec 8, 2017. Sorry, it’s a bit hard to see but that’s what I got 🙁 But it does show what 1 Bitcoin was worth that day.
Now for the good news… You don’t need $16,034 to get started. There are sites that pool small investors like you and me, so that we can invest a few dollars and still reap the benefits of the “big guys”. You can invest as little as $20 and have a very small share of a Bitcoin, or some other crypto currency. (I have more currencies than Bitcoin, but it is the one producing the best results) I would suggest at least $50 to $1oo if you can afford that much, and remember, every investment is subject to loss. But if it loses one day, don’t worry – it will bounce back on another day and still show a profit. I am confident of that and know that I might still lose. But the chances here are a lot better than the Stock Market ever could be. And here, a lot of experts are doing the research work for you.
Again, I must warn you. Don’t do anything you are not completely certain about. I have lost a bit of money in learning this, and retrieving it is complicated and in many cases impossible. Don’t invest money you can’t afford to lose!
Also, watch out for the “scammers” and their wild promises about “free Bitcoins”. There are a lot of reputable companies out there, and I am constantly researching them to find out why I should deal with them. All have different features, so it is important for me to find the ones that offer the services I need. And, everyone should do the same…
If any of this interests you, even just for the information, click the link below to get started. It’s all free to join and please, you must learn before you earn.
And, if you join from the following link, I will personally do everything I can to assist you – no BS – if I don’t know and can’t find the answer to your question, I’ll tell you straight out… but that will only be after doing all I can to find the answer.
To learn more, click here… and join me for the “ride of a lifetime”!
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