Is it a good time to invest in cryptocurrencies?
None of the technologies introduced in the last 10-15 years has made such a huge momentum as cryptocurrencies. Gone are the days when people used to be skeptical about it as the internet community has become more curious about investing in cryptocurrencies to earn money.
Let’s talk about why is it a good time to make such a move and what services should you be looking for buying/selling BTC.
Zero bureaucratic restraints– it’s an open ground for everyone!
Since cryptocurrencies are not regulated by a central authority, there are no strict rules around them. Plus, there is no legal documentation required for you to buy cryptocurrencies. These are two of the core reasons that reduce entry barriers.
Due to the absence of well-defined regulations, it’s a very volatile niche and therefore, you can invest now to reap the benefits before the market starts getting stabilized in the long run. Moreover, since many governments have started working on frameworks to bring crypto within their legal systems, it shows they understand the potential and once it gains recognition from governments, the price is likely to skyrocket. So, this is the time to bag your wallets!
Low market entry fee – no worries if you don’t have much cash
When it comes to the investment niche, most of the schemes and products have an unreasonably higher account opening fee and minimum deposits. As a result, millennials are often deprived of these opportunities as most of them live hand to mouth
However, the case is quite different if you buy and sell Bitcoins (or any crypto for that matter) as it has a negligible market entry fee and allows equal growth opportunity for everyone.
The post-covid-19 market – jackpot!
Coronavirus shook several financial markets and crypto is just one of them. Now that the World is recovering from the pandemic and markets have started gaining trust, it is the best time to invest in crypto to earn a significantly higher return when the prices go up.
Moreover, if you go for other investment alternatives (e.g. stocks), you will be trading via brokers and since the market is recovering and most of the brokers have increased their rates, you cannot get deals as good as cryptocurrencies with almost zero transaction fee and you do not have to pay any middleman.
Ease of access
Apart from the fact that crypto is easier to invest in, one of the best reasons to pour your hard-earned money here is that you can conveniently use your coins on the internet without any hassle as everything is in your possession. This luxury is not quite available in the stock market or elsewhere – even if you are a millionaire, you need to cash your investment and then use it in the real world.
In other words, if you invest in crypto, you can always use your funds and pay anyone in a matter of seconds
Since it is evident that crypto has a clear edge over some established investment options, it is a good idea to open an account on a trustable and service-oriented platform. Cointandem can prove to be a decent option in this case as they provide a very friendly and secure service, ideal for the newbies and experienced traders alike.
Another motivation for pursuing this investment is that several forecasts indicate that prices are likely to climb in the long run and the market will soon come out of the bearish trend.