{"id":114,"date":"2021-08-16T00:24:01","date_gmt":"2021-08-16T07:24:01","guid":{"rendered":"https:\/\/theplandanhollings.com\/?p=114"},"modified":"2021-10-07T14:15:00","modified_gmt":"2021-10-07T21:15:00","slug":"should-i-invest-in-cryptocurrency-the-complete-guide","status":"publish","type":"post","link":"https:\/\/theplandanhollings.com\/cryptocurrency\/should-i-invest-in-cryptocurrency-the-complete-guide\/","title":{"rendered":"Should I Invest In Cryptocurrency? The Complete Guide"},"content":{"rendered":"\n
If you invested $10,000 into Bitcoin on New Year\u2019s Day, 2016 it would be worth close to $1 million on the 1st of August, 2021. <\/p>\n\n\n\n
We all have that story of the one that got away \u2014 or the investment we missed \u2014 but it was understandable to be skeptical of Bitcoin 5 years ago. But times have changed and crypto has become a powerful vehicle for passive income and wealth creation. If you miss out now, you could be leaving thousands on the table.<\/p>\n\n\n\n
That\u2019s why I\u2019ve built this guide on why you should invest in crypto soon. Over the next 6 minutes, you\u2019ll learn about what crypto is, why you should invest, and where to buy some. Let\u2019s go!<\/p>\n\n\n\n
Before you invest any money anywhere, you must understand what cryptocurrency actually does. In brief, cryptocurrency refers to the digital currency that is used in every transaction recorded using blockchain technology. The blockchain network (first introduced to the world via Bitcoin) is a public ledger that is cryptographically secured by thousands of computers all around the world \u2014 in other words, it\u2019s decentralized.<\/p>\n\n\n\n
Cryptocurrencies you may be familiar with include $BTC (Bitcoin), $ETH (Ether on the Ethereum blockchain), and $DOGE, popularized in recent months by none other than Elon Musk. That\u2019s great and all, but should you be investing in cryptocurrency? Here are 4 reasons the answer is YES!<\/p>\n\n\n\n
Digital currencies like Bitcoin, Ether, and Litecoin are bringing all kinds of financial systems and assets into the future. <\/p>\n\n\n\n
Take the tokenization of real-world assets. Representing assets in the physical world (real estate, fine art, vehicles) via cryptocurrency tokens opens the door to whole new worlds of investment. As cryptocurrencies enable things like fractional ownership and low-cost clearing, their values will continue to rise.<\/p>\n\n\n\n
Digital assets like NFTs are another way crypto is generating wealth for thousands of people. With increasingly more unique collectibles being minted every day, it\u2019s clear that the future of value is stored in cryptocurrency.<\/p>\n\n\n\n
31% of the world\u2019s adults don\u2019t have access<\/a> to traditional banking services. Government regulation, complicated fee structures, and the bureaucracy of legacy firms have slowed the path to financial freedom for hundreds of millions of people. <\/p>\n\n\n\n That\u2019s where crypto comes in. Bitcoin and other cryptocurrencies have the power to bypass historical financial systems and allow the unbanked to control their personal finance.<\/p>\n\n\n\n Given that nearly a quarter of all unbanked adults globally live in growing markets like India and China, cryptocurrencies are poised to see an even bigger, more extreme growth curve (30%+ CAGR through 2023)<\/a> over the next few years.<\/p>\n\n\n\n Generally, it\u2019s bad practice to do something just because all the cool kids are doing it \u2014 but crypto is a different story. Here\u2019s a list of companies and thought leaders who are betting big on the future of cryptocurrency:<\/p>\n\n\n\n People are (understandably) concerned about the volatility of cryptocurrency: only with securities that fluctuate can 8,000% returns be realized. But when you buy and sell strategically during the ups and downs, investing in cryptocurrencies becomes a lot less risky. This kind of cryptocurrency trading is called grid trading. How does one do this, you\u2019re asking? <\/p>\n\n\n\n Firstly, you have to understand the cryptocurrency market is highly speculative. Anyone trying to tell you they can accurately predict how the markets will move is either a time traveller or full of it \u2014 perhaps a combination of both.<\/p>\n\n\n\n Grid trading, on the other hand, only promises one thing: the market will <\/em>move. As long as you buy low and sell high at great frequency, you will make money. You could try doing this by yourself, but it\u2019ll be time-consuming and tedious. The solution? You can find it HERE<\/a>.<\/p>\n\n\n\n So you\u2019ve decided to invest in some cryptocurrencies. Maybe it\u2019s Bitcoin, Ethereum, or another one that\u2019s just been launched! Whatever the case may be, you need a way to invest: that\u2019s where the exchanges come in. Cryptocurrency exchanges are platforms where you can buy, sell, and invest in cryptocurrencies. For your convenience, I\u2019ve compiled some of the best exchanges here:<\/p>\n\n\n\n Kucoin<\/a> is home to a wide variety of coins, even newer ones that are just getting traction. A great option if you branch out to more niche cryptocurrencies.<\/p>\n\n\n\n You can trade over 100 cryptos using Binance<\/a>, including their own, $BNB with lower trading fees.<\/p>\n\n\n\n One of the most popular exchanges globally, Coinbase<\/a> is a secure and straightforward exchange platform for any level of crypto trader.<\/p>\n\n\n\n I mentioned earlier that one of the most innovative ways to make money using crypto is through grid trading. I also told you it could be done with ease. The Plan with Dan Hollings \u2014 marketing genius and crypto trader \u2014 is the fastest way to turn the crypto market into a money-printing machine. <\/p>\n\n\n\n Dan Hollings\u2019 crypto training program will show you how to configure and leverage crypto bots to do your trading for you, making you money while you sleep. Want to learn more? Find out what The Plan can do for you here.<\/a><\/p>\n\n\n\n Cryptocurrency can be a very safe investment! The blockchain is secured with some of the most powerful algorithms in cryptography and a worldwide team of validators, meaning your investments are safe. And if you\u2019d like, you can get your cryptocurrency investments insured as well!<\/p>\n\n\n\nGrowing adoption among countries, key firms, and thought leaders<\/strong><\/h3>\n\n\n\n
Cryptocurrency\u2019s volatility is an opportunity for grid trading<\/strong><\/h3>\n\n\n\n
Where to Invest in Cryptocurrency in 2021<\/strong><\/h2>\n\n\n\n
Kucoin<\/strong><\/h3>\n\n\n\n
Binance<\/strong><\/h3>\n\n\n\n
Coinbase<\/strong><\/h3>\n\n\n\n
Investing In Cryptocurrency for Passive Income<\/strong><\/h2>\n\n\n\n
Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
Is cryptocurrency safe to invest?<\/strong><\/h3>\n\n\n\n
What happens if I invest $100 into Bitcoin?<\/strong><\/h3>\n\n\n\n