There is no doubt about it, in the last 5-6 years there is a shift going that wants to break through. A shift in how to get wealth in the form of money. Previously, but still going on, you could trade stocks, equities and capital shares to invest money and get (or lose) more of it. Since 5 years the people are exposed to a whole new world, the world of cryptocurrencies. While there was first Bitcoin (Dogecoin was first, but Bitcoin was mainstream first) there have come many others that you can choose to invest to.
In the end of 2017 there was an all-time high in cryptocurrency land which really put crypto’s on the map of governments. There were no regulations and there was high price volatility, now governments want to regulate it. At least try. While after the ‘dip’ of 2018 people went onto other things, since they couldn’t get a quick buck anymore.
But.. was 2018 a dip? Was it such a ‘bad year’? It really wasn’t. The prices were always volatile, and while in December 2017 it was ridiculously high, we couldn’t expect to stay that high. It had no base to stay that way.
2018 was the center of stability. Getting the prices to a point where they are fluctuating around the same price and/or steadily growing. And that’s what it should be like. It got the attention of people that are here for the longterm and believe in crypto’s. Because let’s face it, while it is high risk, it is also high reward. Investing in Crypto’s will grant you more % over your initial input than on your savings account, or trading stocks. Investing in cryptocurrency is faster and better than any traditional investment product and you actually support great innovative solutions.
But why does our wealth grow now? For example, why didn’t it grow when bitcoin went $1 up when it first started? It was a growth wasn’t it? Well technically it was, and you did get richer. But now you can actually spend your cryptocurrencies since they are accepted. We even got Bitcoin ATM’s now. Spending it means your wealth has grown since it can be physically touched when you buy something with it.
For me personally, cryptocurrencies are at the moment a good way to speculate and grow my wealth. When I started out I just invested a small $50 and by trading (after a lot of talking with friends and reading up a lot) I nearly got 60 times that amount in under 2 months. I don’t get that the traditional way! As an early adopter, it helped me get my head around the technical stuff and really dig deep in what I am investing in. It helped me reach specific goals I set out for myself to see if this is really worth doing. Quickside note: It really did!
While growing your wealth the traditional way e.g. savings account, gold or even real estate, stood the test of time and gives you a steady yet positive margin in return. You can grow your wealth quicker with cryptocurrencies. I also believe that it will give us real value on our daily lives on the short term!
Some advice: I’m really advocating for crypto’s, yet you have to read up on them and in the end you still make educated guesses. But high risk, high reward!