Benefits of Investing in Cryptocurrencies

1. Benefits of Investing in Cryptocurrencies Benefits of Investing in Cryptocurrencies The term cryptocurrency still remains a confounding topic for many. The term cryptocurrency still remains a confounding topic for many. There are many questions revolving around what it is and how can it There are many questions revolving around what it is and how can it be used. This may come as a surprise, but the value of cryptocurrency be used. This may come as a surprise, but the value of cryptocurrency is so much that it can even be used for investments. It’s worthwhile is so much that it can even be used for investments. It’s worthwhile to know a little deeper about a currency that’s so valuable. to know a little deeper about a currency that’s so valuable. Cryptocurrency is a virtual or digital form of currency that employs Cryptocurrency is a virtual or digital form of currency that employs cryptography for the purposes of security and anonymity. cryptography for the purposes of security and anonymity. Cryptocurrencies are decentralised, meaning that there is no central Cryptocurrencies are decentralised, meaning that there is no central authority responsible for their issuance. Theoretically speaking, authority responsible for their issuance. Theoretically speaking, cryptocurrency tend to be free from any interference and control by cryptocurrency tend to be free from any interference and control by the governments. Users can store these digital currencies and use the governments. Users can store these digital currencies and use them for payments without exposing their identities or going them for payments without exposing their identities or going through a financial institution like bank. through a financial institution like bank. The units for cryptocurrency are generated by the process of mining. The units for cryptocurrency are generated by the process of mining. In this process, complex mathematical problems are solved using In this process, complex mathematical problems are solved using computer power and resources to create the cryptocurrency units. computer power and resources to create the cryptocurrency units. People can even buy the cryptocurrencies from brokers and keep the People can even buy the cryptocurrencies from brokers and keep the purchased currencies in their cryptographic wallets. purchased currencies in their cryptographic wallets. Bitcoin is the first and still remains the most popular form of Bitcoin is the first and still remains the most popular form of cryptocurrency. You can acquire bitcoins in various ways. There are cryptocurrency. You can acquire bitcoins in various ways. There are marketplaces known as bitcoin exchanges where you can purchase or marketplaces known as bitcoin exchanges where you can purchase or sell bitcoins in exchange for different currencies. There is peer-to- sell bitcoins in exchange for different currencies. There is peer-to- peer bitcoin transfer, much similar to digital cash transfer. And then peer bitcoin transfer, much similar to digital cash transfer. And then there is bitcoin mining method too for obtaining bitcoins. there is bitcoin mining method too for obtaining bitcoins. Now that your knowledge about cryptocurrencies is greater than Now that your knowledge about cryptocurrencies is greater than before, let’s talk about whether they, especially bitcoins, are worth before, let’s talk about whether they, especially bitcoins, are worth investing in. The truth is that yes, it’s certainly worth investing in a investing in. The truth is that yes, it’s certainly worth investing in a cryptocurrency like bitcoin. There are many advantages associated cryptocurrency like bitcoin. There are many advantages associated with a well-planned cryptocurrency investment strategy. Let’s have a with a well-planned cryptocurrency investment strategy. Let’s have a look at the specific benefits of bitcoin, the most popular look at the specific benefits of bitcoin, the most popular cryptocurrency. cryptocurrency. The physical currencies of different countries are under the control The physical currencies of different countries are under the control of the respective country governments. There are always chances of of the respective country governments. There are always chances of fluctuation in the value of these currencies depending on the current fluctuation in the value of these currencies depending on the current economic scenarios. Since bitcoin is decentralised, it is less subject to economic scenarios. Since bitcoin is decentralised, it is less subject to such value fluctuations and has lower risk of inflation. It is not a such value fluctuations and has lower risk of inflation. It is not a currency of any one country, it’s global in nature. There will be very currency of any one country, it’s global in nature. There will be very little impact of different governments policies on the value of little impact of different governments policies on the value of bitcoins. bitcoins. All the transactions related to bitcoins are easy and convenient to All the transactions related to bitcoins are easy and convenient to carry out. Any bitcoin transfer between two parties, people or even carry out. Any bitcoin transfer between two parties, people or even businesses, can be done in a simple and secure fashion. Security businesses, can be done in a simple and secure fashion. Security measures like private and public keys are used to protect the measures like private and public keys are used to protect the transaction. Even the fees on the fund transfer is minimal. transaction. Even the fees on the fund transfer is minimal. When investing in bitcoins, you don’t have to keep your money When investing in bitcoins, you don’t have to keep your money engaged in long-term investment plans that are slow to yield profits. engaged in long-term investment plans that are slow to yield profits. It’s possible to earn profits in short timespan, determined by how It’s possible to earn profits in short timespan, determined by how much money is moving through the network of bitcoins. much money is moving through the network of bitcoins. To sum it up, the future of cryptocurrencies is bright and rest To sum it up, the future of cryptocurrencies is bright and rest assured it would be a good idea for you to leverage their investment assured it would be a good idea for you to leverage their investment potential. potential. ORIGINAL SOURCE- ORIGINAL SOURCE- https://goo.gl/mGbiSo https://goo.gl/mGbiSo https://digitcon.co.uk 71-75 Shelton Street covent Garden , London WC2H9JQ csteam@digitcon.co.uk