Advantages Of Cryptocurrency Investment

Discussion in 'Bitcoin Investments | Discussions' started by majorphoto, Feb 7, 2022.

  1. majorphoto

    majorphoto Rookie!!!

    Since cryptocoins can be traded both inside and outside the digital currency environment, digital currencies are more than just a way to pay for goods and services – they’re also a viable investment opportunity. In fact, cryptocurrency has several advantages over fiat funds when it comes to investment opportunities, one of the biggest is that it isn’t subject to the same market conditions that traditional currencies are when it comes to foreign exchange rates.

    The best example of this is the state of the pound after the UK voted to leave the European Union. In the wake of the Brexit vote, the value of GBP began to plummet as investors responded to the realities of the UK leaving the EU and the financial instability this new situation created. However, the world of digital currency is insulated from such real-world issues thanks to its very nature – it’s not tied to any single bank or government – and as a result, the relative value of most cryptocurrencies did not show a negative impact. In some cases, cryptocoin value actually increased as investors realized that digital currencies like Bitcoin were unaffected by Brexit.



    Another important advantage of cryptocurrency is its potential for explosive growth. Bitcoin, for example, has demonstrated overall positive growth since its inception – as of August 1st, 2017, Bitcoin was trading at more than $2500 per coin, whereas a year ago it was trading at around $600 per coin. Industry experts have long predicted that Bitcoin can and will increase its value even higher in the future, providing excellent potential for long-term growth.
     
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  3. AkinCosta

    AkinCosta Leader

    Do you believe in coincidence? I didn't really believe it before, but after my friend threw me off by mistake at first duckdice.io/dice/dai-dai and I won the first bet with a cool result - I began to think about what it means something. I'm sure there's nothing cooler than being able to win in places like this.
     
  4. Chinavar

    Chinavar Jackobian

    does anyone even use live update other than online? I cant get interested in an exhibition match offline - winning or losing means nothing like a season/tournament.