The birth of bitcoin in 2009 opened doors to investment opportunities in an entirely new kind of asset class – cryptocurrency. Lots entered the space way early. coinpatrol
Intrigued by the immense potential of the fledgling but promising assets, they bought cryptos at cheap prices. Consequently, the bull run of 2017 saw them become millionaires/ billionaires. Even those who didn’t stake much reaped decent profits.
Three years later cryptocurrencies still remain profitable, and the marketplace will be here to stay. You could already be an investor/trader or perhaps contemplating trying your luck. In both cases, it makes sense to learn the benefits of buying cryptocurrencies.
Cryptocurrency Has a Bright Future
In accordance with a report titled Imagine 2030, published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.
Cryptocurrencies will no longer be seen as outcasts but alternatives to existing monetary systems. Their benefits, such as for example security, speed, minimal transaction fees, easy storage, and relevance in the digital era, is going to be recognized.
Concrete regulatory guidelines would popularize cryptocurrencies, and boost their adoption. The report forecasts that you will see 200 million cryptocurrency wallet users by 2030, and almost 350 million by the entire year 2035.
Chance to be part of a Growing Community
WazirX’s #IndiaWantsCrypto campaign recently completed 600 days. It has turned into a massive movement supporting the adoption of cryptocurrencies and blockchain in India.
Also, the recent Supreme Court judgment nullifying RBI’s crypto banking ban from 2018 has instilled a new rush of confidence amongst Indian bitcoin and cryptocurrency investors.
The 2020 Edelman Trust Barometer Report also highlights peoples’ rising faith in cryptocurrencies and blockchain technology. Depending on the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% claim that the impact of cryptocurrency/blockchain is going to be positive.
By being truly a cryptocurrency investor, you stand to be a part of a thriving and rapidly growing community.
Increased Profit Potential
Diversification is an essential investment thumb rule. Especially, during today when nearly all the assets have incurred heavy losses as a result of economic hardships spurred by the COVID-19 pandemic.
While investment in bitcoin has given 26% returns from the starting of the entire year currently, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets as all of us know have posted dismal performances. Crude oil prices notoriously crashed below 0 in the month of April.
Including bitcoin or some other cryptocurrencies in your portfolio would protect your fund’s value in such uncertain global market situations. This fact was also impressed upon by billionaire macro hedge fund manager Paul Tudor Jones when a month back he announced plans to buy Bitcoin.
Cryptocurrency Markets Are On 24X7X365
Instead of usual markets, cryptocurrency markets operate across the clock, all days in annually without fatigue. That’s because digital currency systems are essentially designed using items of software code that are secured by cryptography.
The operational blueprint doesn’t involve human interference. So, you are liberated to trade crypto or purchase digital assets whenever you want to. That’s a good benefit! Cryptocurrency markets are extremely efficient that way.
E.g., Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.
Tweet: https://twitter.com/fernandoulrich/status/1185368277557620736
No Paperwork or Formality Required
You are able to purchase bitcoin or some other cryptocurrency anywhere and anytime without the unnecessary terms and conditions.
Unlike conventional investment options, where an absurdly high level of documentation is needed to prove yourself as an ‘accredited investor’, crypto-investment is free for all. In reality, which was the intended goal behind the inception of cryptocurrencies. The democratization of finance/money.
For buying any cryptocurrency on WazirX, you will need to open an take into account that you simply just need to provide some basic details including your banking account information. Once they’re verified, within several hours, you are good to go.
Sole Ownership in Investment
When you buy bitcoin or some other cryptocurrency, you become the sole owner of that specific digital asset. The transaction happens in a peer-to-peer arrangement.
Unlike bonds, mutual funds, stockbrokers, no 3rd party ‘manages your investment’ for you. You call the buying and selling shots, whenever you want to.
User autonomy is the largest advantageous asset of cryptocurrency systems that delivers incredible opportunities to invest and build a corpus in your principal capital ‘independently’ ;.
They certainly were some of the benefits of buying cryptocurrencies. Develop you discover them useful and convincing enough to kickstart your crypto investment journey.
Learn more about what’s a Cryptocurrency and things to learn before buying crypto at wazirx.com, one of the very most trusted cryptocurrency exchange platform.
Also, you are able to download app and Start Trading Now! coinpatrol