Six reasons why you should invest in Cryptocurrency


Andrew Pritchard, MD of Blockspace, tells us why the Crypto Bubble is NOT Bursting

Cryptocurrency, in particular, Bitcoin’s price fluctuations, has certainly hit the headlines recently and as a result, there has been much discussion over whether cryptocurrency is a worthy investment strategy for 2018. This week Bitcoin has well and truly bounced back, currently trading at over $9000 per coin and there is much speculation that the unit price is about to explode. Here, Andrew Pritchard, MD Blockchain for premier cryptocurrency account The 10x Growth Account, reveals six reasons on why you should take the plunge and invest in the world of cryptocurrency this year.

1) Improved Crypto regulations

Arguably, the biggest benefit to come out of the unprecedented rise in cryptocurrency is the introduction of better cryptocurrency regulations which are now beginning to taking shape. The reduction in uncertainty as a result of such regulations has been significant in boosting trading activity and subsequently, coin prices. Tighter regulation will help to tackle many of the crypto scams which have thwarted investment desirability previously, as all new coins and investment opportunities will have to adhere to certain criteria. Consequently, such regulation will help calm the fears of potential investors and provide a stronger foundation for future investment growth.

2) Blockchain is here to stay

Most of the industry and media attention on crypto-investment to date has focused on Bitcoin, when in fact there is a plethora of cryptocurrencies in circulation to choose from, all backed by really exciting, innovative individuals and teams. The underlying technology, Blockchain, is going from strength to strength and is actually far more exciting than the daily fluctuations of a specific coin. If you delve deeper into the technology of Blockchain, you will quickly find that many global organisations are starting to invest significant funds and resources into crypto, including brands like Microsoft. Many brands are researching how crypto could be infiltrated into their already successful business plans and strategy for the future, further cementing widespread opinions that blockchain will inevitably become an integral part of the way businesses operate across the globe.

3) It has never been simpler to invest

From personal experience as a crypto investor, the prospect of making the leap into cryptocurrency can be a daunting prospect at first. I was lucky to have received advice from an experienced friend when I made my first crypto-investment and this certainly helped to alleviate some of my initial concerns and worries. However, times have changed and there is now much more information out there to enable investors to quickly navigate the world of cryptocurrency without many of the previous barriers to entry. Coinbase, which has a huge customer base of around 10 million investors, is one of the most popular digital wallets at present, allowing investors to purchase Ethereum, Litecoin, Bitcoin and Bitcoin Cash to name a few. New to market investment funds such as the 10x Growth Account, a UK-based investment opportunity, have surfaced which allows investors access to a portfolio of cryptocurrencies such as Bitcoin, Ethereum and Ripple through a collaboration with the Centre for Citizenship Enterprise and Governance (CCEG) and their secure platform This organisation offers secure and easy access to cryptocurrency with a tax-efficient Social Enterprise Investment managed by experienced cryptocurrency experts, perfect for those individuals who want to invest in cryptocurrency but do not know where to start.

4) Out with the old, in with the new?

Bitcoin has lead the way so far with its domination of the cryptocurrency market and it may be the most recognised cryptocurrency currently, nevertheless this does not mean this is the best or only crypto-investment opportunity worth considering in today’s climate. Arguably the opportunity to reap the largest rewards from Bitcoin has already passed, with those who invested in the unknown coin many years ago having made eye-watering returns. Today’s investors who are looking for those big returns must, therefore, expand their horizons by investing in alternative “alt-coins” such as Ethereum and Litecoin, two very promising cryptocurrencies which are expected to prosper in 2018. At this point, it is worth noting that with an investment of this kind, the risk remains extremely high and you must be prepared to lose the entire investment. It is therefore only advisable to invest what you are happy to lose, and what is affordable. The road to crypto-investing success isn’t guaranteed, so it should only form part of a wider portfolio of varied-risk investments. You should also seek independent advice before making new investment decisions.

5) Crypto’s promising future

As with any investment, you need to keep focused on the long-term viability. If you become obsessed with short-term microanalysis, every variation in price will have you worrying that you’ve made the wrong investment decision. This could cause you to panic sell at a lower price than you bought it for, when in reality, holding until the price recovered, and then went even higher, would have been the more sensible move. The cryptomarket is volatile and price fluctuations WILL happen, with some more concerning than others. The recent plummet of Bitcoin towards the $6,000 mark made even the most hardened investors a little hot under the collar, but two weeks later it’s bounced back to over $9,000 per coin with predictions of a further price surges in the coming weeks. You should always be looking at crypto-investment over the medium to longer term, so 1, 5 and 10 years, as this is where the true gains are likely to be made.

6) You will be a key part of technological innovation

The underlying technology of Blockchain is not only the backbone of the cryptocurrency world, it is doing so much more behind the scenes than any of us really give it credit for. From supply chain management and accounting to greater quality assurance, more transparent production lines and even fairer voting systems, Blockchain has the potential to transform the way our world operates for the better. By investing in cryptocurrency, you are helping to support the continued evolution of this innovative and transformational technology, which is set to benefit future generations.

Read more at:  What Investment


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