The price fluctuations of cryptocurrencies, particularly Bitcoin, have recently dominated the news, prompting significant debate about whether cryptocurrency is a viable investment plan for 2018.
Which Reason Why You Should Invest on Crypto?
A Stable, Censorship-Resistant Store of Value
Another prominent motivation for investing in bitcoin is the need for a secure, long-term store of value. Furthermore, because to the cryptographic structure of cryptocurrencies, a government entity cannot tax or confiscate tokens without the owner’s consent.
Is investing in cryptocurrency a good investment?
Cryptocurrency may be a decent investment if you’re willing to recognise that it’s a high-risk gamble with a chance of paying off – but also that you could lose all of your money. It is critical to proceed with caution while investing in bitcoin or other cryptocurrencies.
Why is crypto so important?
Cryptocurrencies have a number of advantages, including cheaper and faster money transfers and decentralised systems that do not have a single point of failure. The price volatility of cryptocurrencies, as well as the significant energy consumption of mining activities and their application in criminal activities, are all negatives.
When is the best time of week to buy cryptocurrency?
Thursday morning is the ideal opportunity to buy if the trend continues (which is far from definite). Monday is the second-best day to buy (five of the eight days showed a drop), followed by Friday and Saturday (four of eight for both).
Which Reasons Why You Should Invest on Crypto?
