I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market
is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and
dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that
is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make
money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500
every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's
the main reason this market won't be there for long. Because it's basically a pyramid scheme.
Why now it is necessary to invest in crypto currency?
Crypto-currencies will go up, and sharp fluctuations of the exchange rate will leave in the next few years along with small speculators, as the growth of capitalization will deprive them of the opportunity to significantly move the rate.
Bitcoin is programmable money (which can carry additional information, labels and flexible receiving conditions).
Bitcoin is a decentralized payment network, without a single management point, it can not be turned off, blocked or monitored.
Bitcoin is a network with minimal commissions, and Ripple is a modern SWIFT analog with payments in general without commissions and instant secure transactions.
Ethereum and clever contracts are Blochein 2.0: they lead the economy to a fundamentally new level, deprive them of the opportunity to manipulate, lie and guarantee the unconditional fulfillment of obligations on the part of all ecosystem participants (notary, confirmation of asset rights, real estate and land transactions, automatically executed wills, medical cards and real diplomas of universities, P2P-crediting, etc.).
Bitcoin is "digital gold" and a protective asset in unstable times - when markets collapse, and the government "guarantees" that it will take care of your money.
Bitcoin continues to grow for 9 consecutive years.
Investments in blockchain startups have already exceeded $ 1 billion. Among investors are Google, Microsoft, PayPal.
Crypto-currencies are not regular Webmoney, Qiwi or Yandex-money, they are decentralized, their emission can not be falsified, and they do not depend on the well-being of one commercial structure.
Crypto-currencies are recognized in Japan and most European countries as money and an investment asset in the United States with the need to pay tax only when making a profit. Today their status is higher and more profitable for taxation than transactions with gold, which has long lost the status of money and is considered a commodity.
Russia will already consider the issue of official adoption in 2018. But now there is a positive rhetoric.
Crypto currency is liquid, it is easy to exchange them for traditional unsecured money. You can simply withdraw money from any ATM, from a card that is tied to bitcoins or in a few minutes to receive a transfer to your bank account in Sberbank, Alfabank and any other.
For a conclusion кpиптoвaлют in rubles and dollars to you will pay about 5% as demand for purchase now exceeds offers on sale.
Bitcoin is still too volatile and small at the level of the world economy to say that the main growth is already over. The daily trading volume of bitcoin is only 1.5 - 2 billion dollars
While crypto-currencies have not become a mass phenomenon, the reasons to invest in them will be even greater. And then it will be too late - when they create convenient exchangers, when there will be applications for phones, when the bulk of bitcoins will be generated ... people will be divided into 2 types: those who managed to make a fortune in the crypto currency, and all the others.
What to do now? It's simple. Begin to understand the crypto currency.