Pros and cons of cryptocurrency - I became rich using this method and now I make over $10,000 monthly.
More information
Scott Evans
01.03. 2018 00:00  | 

When a new cryptocurrency has its ICO (initial coin offering) it is a big gamble; they are like stocks and nobody knows if the value is going to go up and down. Cryptocurrencies have the potential to create huge returns on your investment, but they are also volatile and come with a very large risk.

Although many people have been talking about the risks associated with cryptocurrency for some time, major financial institutions such as JPMorgan and Goldman Sachs are beginning to seriously consider investing in them.

Whether you have a huge amount of cash or a little amount of cash, cryptocurrency is certainly work looking into as a possible investment. There are some pros and cons associated with cryptocurrencies, and we are going to consider them here.

Pro #1 – Massive Potential for RoI

One of the market’s biggest success stories has been Bitcoin. If you bought $1,000 worth of Bitcoin in 2013, it would be worth over $400,000 today! Recent ICOs have created a massive return on investment in a short amount of time. For example, Stratis raised $600,000 with their June 2016 ICO and the price has since risen by over 50%. Spectrecoin raised $15,000 in January of 2017 and its value has since risen over 10,000%!

Pro #2 – Increased Liquidity

When an ICO is released, a cryptocurrency can build a solid enough network and therefore investors immediately have a huge amount of liquidity and can sell their coins for dollars almost instantly. Compared to equity in a business, in-order to release equity and earn money you need to find a wilful buyer or wait for an IPO to occur.

Pro #3 – Clear Directions

The biggest advantage in investing in cryptocurrency as opposed to traditional means is that business start-ups often lack a crystal clear direction and need to overcome initial speedbumps; the company will change drastically before going public. With cryptocurrency, when you invest you know exactly what you are getting and, as such, you can better evaluate the product market and help determine your investment.

Con #1 – Volatility

When compared with traditional investments such as in the stock market, cryptocurrency ICOs are far more volatile. Because of the potential of hacking or other incidents, investors have a risk of losing all of their investment immediately if one of these incidents occur. Although these are rare, major drops in a cryptocurrency’s value are not uncommon and they fluctuate rapidly.

Con #2 – Resource Shortages

If a cryptocurrency does not raise enough money at their ICO, the doors to that cryptocurrency immediately slam shut and can be fatal. Many ICOs begin with a pre-ICO funding round so that they have the resources in place and can create a demand for the currency.

Con #3 – Potential for Mismanagement

Every cryptocurrency is a start-up and has a team of founders running it. But, in-order for the currency to mature from ICO to mass-market, it needs a team behind it who are solid and know how to manage it. Before choosing to invest, make sure you look at the founding team’s background and decide for yourself whether or not they can be trusted with your money!

Although cryptocurrency can be a powerful investment strategy, it can also be disastrous if you do not do it properly. Before investing in any cryptocurrency, do your research and ensure that it is something worth investing in which is safe, properly managed and looks like it is destined to be a strong player in the market.

ICOs are confusing and – like IPOs – they are unpredictable. Many cryptocurrencies find great success after their ICOs and see their value increase by huge amounts, but this is not guaranteed and you should act with a degree of caution.

Get started now - Life is too short to be poor. cryptocurrency, ICO, IPO, investing, business
Start now

Make money in three easy steps!

My method cannot be used everywhere. Most banks and traders do not know what this method is about. And even when they do know about it, they would never, under any conditions, provide it to ordinary people. That's why it's very important to choose a reliable licensed broker who will allow you to make money. These are my two favourite brokers. Register with one of them - or even both of them. They both offer advice, video tutorials and a personal adviser - absolutely free.

Try out the strategy with a demoversion:

  Make Money Robot

A basic robot that allows you to trade binary options automatically even if you are a beginner
My quick tip: I recommend to trade currency pairs, for example EUR/USD or CNY/USD.
Minimum deposit: $200
 

  Markets.com

Safecap Investments Ltd
Reliable and well-known broker with many features.
My quick tip: After you deposit, make sure to check out the "Trading signals" section where you will find free advice.
Minimum deposit: $100
 
 


  daniel (197.211.56.*) wrote

am interested hope its reliable

  FXVM (103.217.177.*) wrote

Forex Singal    https://forexrobotnation.com/vps-review-fxvm/

This is a great motivating content.I am fairly much happy with your great work.You put really very information.

  Prudence (41.13.164.*) wrote

How can i gain a money online

Please address me about how can i gain a money online

  vivi (154.113.16.*) wrote

Does it work for Nigeria

I'd like to try this, but I'm really really broke. And I need details on how it works. I'm from Nigeria.

  Dennis mutembei (154.79.141.*) wrote

About the credit card    Olympic trade

Am a Kenyan and our currency is the Kenyan shilling so how do I withdraw money from the Olymptrade after winning or how should I get the credit cards to earn money

  kareem jide (197.156.250.*) wrote

a fresher     Olymptrade

new to it , kindly please help me

  May Liosi (103.43.144.*) wrote

Information

I am from Papua New Guinea and I would like to know more on this opportunity.

  Dayyan Ahmed (110.36.183.*) wrote

How to make money online for a teenager?

Hi,my name is Dayyan Ahmed. I am a teenage boy who needs to help my family financially, i belong to a middle class family and am currently doing Alevels so I thought of trying something to earn enough to hold my own expenses,to get my burden off my parents and to learn about what to do to earn money easily. Thankyou for your time reading my comment. Have a good day sir!

  nickley mwanamwale (165.56.52.*) wrote

i would love to learn how to make money    nickley mwanamwale.com

i would love you to teach me how to make money, am 21 years and am from zambia

  omokolade sunday (197.210.54.*) wrote

does it work here in Nigeria ?

How do i register from here in nigeria? Need your reply right now.

All comments (on new page)
 
 
 

 Add new comment!

Ask anything or share your experience
You will receive detailed instructions to your email.