WHY YOU SHOULD INVEST IN CRYPTOCURRENCY - 10% to @Tron-Fan-Club

in Tron Fan Club3 years ago

INTRODUCTION


Without a doubt, there is a lot of talk surrounding cryptocurrencies. It's highly likely that you've read a lot about it. While some are dreaming about it, others are taking action to join this historic movement. Consider these convincing justifications for investing in cryptocurrencies if you're still not persuaded:

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MY REASONS


  • Cryptocurrency is the future of Finance

The conventional banking system has flaws. This is supported by the rate at which money loses value. People are searching for acceptable substitutes. With cryptocurrency, there is no need for a bank or a government, thanks to a decentralized banking system. The current monetary system is quite fragile.


  • No one controls your money and monetary transactions

Who controls cryptocurrency if banks and governments oversee conventional currency? The appeal of cryptography is that it is simultaneously governed by everyone and no one. A centralized command and control structure is not present. The network is controlled by everyone, so maintaining its functionality is in everyone's best interests.


  • Very possibility of high return on investment

You've already seen how much bitcoin's value has increased and how this trend is expected to remain for the foreseeable future. Look at several more cryptocurrencies; during the pandemic in 2020, a number of them saw increases in value. The second-largest cryptocurrency in the world, Ethereum, started the year at 2020 at $140 and is now worth $1,500 in 2022; some analysts predict that it may eventually surpass bitcoin in popularity. With several other cryptocurrencies following suit, Ripple, which was over 20 cents at the beginning of the year, is currently over 100 cents.


  • Escape from inflation

The issue with conventional currency is that it continuously loses value, and this is not a coincidence. Intentionally, governments and central banks do it, particularly during financial crises. In an effort to address a cash shortfall, the government produces extra currency. Inflation occurs when there is an increase in capital but no change in the overall value of products and services while the value of money is falling. Because new gold does not materialize out of thin air during a financial crisis and its value does not fluctuate, rational people prefer gold to money. Like gold, cryptocurrency cannot be produced to solve financial problems. Consequently, its worth is maintained.


  • Mass adoption of blockchain technology

You should be aware that blockchain is built on top of bitcoin and other cryptocurrencies, just as Facebook and Google were built on top of the internet. Cryptocurrency is made possible by blockchain, but it is much more than that. Let's examine some of the numerous applications for blockchain: Healthcare professionals use it to safely save their patients' medical information, huge organizations use it to archive data that is too complex to be recorded with a spreadsheet, and it is used in elections to track voting records and prevent the need for a recount.


CONCLUSION


Thank you for reading; both positive and negative judgments can be made on the subjects covered here. Please comment below and share this article with as many people as you can.

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These are detailed reasons we should invest In cryptocurrency, thanks for sharing your thoughts