So, you've probably heard it all.
Cryptocurrency is a scam!
Cryptocurrency is a bubble that is just about to burst!
Cryptocurrency is used only by criminals!
But...
There's no denying that it's growing in value every day. I looked at Bitcoin several years ago when it was just $300 and thought "Yeah, I don't know".
And now Bitcoin sells for over $2500USD.
So now I'm investing and trading because I don't want next wave to leave me behind. Ant not just in Bitcoin, but I'm building several wallets and buying different altcoins.
I have also just started investing in the actual mining of cryptocurrency.
Why, am I doing this?
Because I want to build a portfolio of passive income and be prepared for the future. Because I don't want to be left behind.
Here's an extract from a great article by Medium.com
"There are about 3.5 billion people who use the Internet, and about 20 billion connected devices or just bots. Considering that the Bitcoin network has properties that are not offered us by any Government or Corporation, we can assume that there is a high probability that the majority of connected people and machines will use this network. What are these properties?
- No taxes
- Free opening of accounts. They are simply calculated from your private key :-)
- Low transaction fees
- Predictable and transparent clearing. You always know what is the status of any transaction
- The transaction cannot be rolled back
- Nobody asks the personal identification information
- Nobody can write off your money
- Nobody can block the account
- No stupid limits
- Suitable for all forms of property, not just currency
- A complete history of all transactions
- Possibility of privacy and anonymity"
(you can read the full article here How to properly invest in Bitcoin, Blockchain and other cryptocurrencies)