You don’t have enough crypto currency. The world is changing fast and especially in the digital finance space. With change comes opportunity and to harness opportunity you must be prepared. Read below to find out the 10 reasons why you don’t have enough crypto currency.
1) Your Bank Is Probably Insolvent (or will be)
World wide banks are in trouble. They are leveraged, debt laden and their record for screwing over customers for decades is now public knowledge. The biggest bank in Germany – Deutsche Bank is a zombie bank. They have more debt (highly leveraged) than assets and central banks around the world will become insolvent themselves if they need to bail out another round of zombie banks during the next financial crisis. In the mainstream news you will hear that economies are strong, business is booming and there is nothing to worry about. Everything is safe, don’t look here.
Politicians and the media only do one thing well and that is tell lies. They tell lies with fancy stories to hide the truth from you. If all of your assets are in the legacy banking system its time to rethink your wealth allocations. Workers and savers will have their deposits seized in a serious crisis (just like what happened to the Greeks) and you can kiss your money goodbye.
The system is so broken that record-low interest rates wont save it and worse yet they will prevent you from accumulating a proper rate of interest on your savings. Combine that with inflation and your purchasing power will continue to diminish. Now nothing is certain and I hope that these things do not eventuate however the probability is that they will. You want to have some money somewhere else and the higher market capitalization crypto currencies are a fantastic place to put some.
2) Cryptocurrency Is The Future
Facebook has announced in 2019 that they will release their own crypto currency. Facebook isn’t the first large corporation to see the light and enter the game. Recently Samsung announced that even their budget handsets will host cryptocurrency wallets; think about it, in the near future everyone will be carrying around a cryptocurrency wallet by default. Top tier cryptocurrency projects offer far superior technology over that of digital finance. For years there has been issues with ease of use, reliability and transaction times but all of these problems will become a thing of the past. There is not one single problem that wont be solved relating to cryptocurrency use and it’s adoption. Best to embrace the future and use it to your advantage.
- Samsung To Include Crypto Wallet In Budget Galaxy Smartphones?
- IBM’s Stellar Move: Tech Giant Uses Cryptocurrency in Cross-Border Payments
- Facebook U-Turns on Crypto Ad Ban as it Intensifies Own Blockchain Efforts.
- JPMorgan is launching the first US bank-backed digital token.
- Japan’s Largest E-Commerce Site Announces Cryptocurrency Exchange Launch Date .
3) Cryptocurrencies Can’t Be Printed Out Of Thin Air
I know what your thinking, but there are 100’s or 1000’s of crypto currencies they pop up all the time. Yes and they are competing for market share and innovating at a rapid pace. Most of them will fail, I estimate 97% of them will fail. However, how to you think the global financial system is staying alive right now? Trade? Wrong money printing. Central banks are printing money are a record pace from an endless paper reel and hoping too many people don’t notice. There is an unlimited supply and the ‘money’ is backed by nothing except the threat of violence. No matter what with enough printing even the threat of violence wont stop the implosion of the legacy system. The debt is too high and cant be paid back – there is no way to pay it back.
Unlike fiat money (printed money backed by jack shit) cryptocurrecy is backed by mathematical algorithms that prevent it from being copied or duplicated. It is mathematically to fabricate Bitcoin out of thin air without all of the other network participants becoming aware and stopping or preventing it. This ensure that Bitcoin has a known an ever increasing finite supply.
Since it has a finite supply and therefore is a scarce resource it is in high demand. It’s also in high demand because it is useful, it has utility.
4) The Market Is Cheap Right Now
I’m sure you probably saw the mainstream media pump the cryptocurrency markets to all time highs in 2018. They did this with their stories about how all your friends and getting rich except for you.
While they were doing this the institutional investors and ‘smart money’ were dumping their bags into your FOMO credit card and house mortgaged speculations.
If you weren’t caught up with the sheep who follow the heard ‘dumb money’ then count yourself lucky.
Since then the market has sold off and deflated substantially and most cryptocurrencies are relatively cheap again.
The old investment maxim goes Buy Low, Sell High. Well guess what – it’s low. Yes it could go lower and the market can do anything but compared to the highs of 2018 we are low and now is still a good time to buy. A good way to enter the market is to dollar cost average or passively accumulate using an application like Bamboo which will round off your daily purchases and save the difference in Bitcoin.
Don’t be a sheep and follow the heard to the opposite. Buy Low Sell High.
5) The Smart Money Is All Over Crypto
I said it before ill say it again. The big firms and ‘smart money’ are heavily invested in cryptocurrency, why? Because its growing and will continue to grow for a long time.
The term ‘Smart Money’ is actually a technical term it means the money who know what they are doing when investing. It’s the opposite of ‘dumb money’ which is also a technical term.
Dumb money don’t know what they are doing when they are investing and consequently the Smart Money will usually sell their assets at inflated prices at the top of a market to the Dumb Money.
Just so you know, we are currently near the bottom of the market.
A rising tide raises all ships.
6) The Brain Drain From Traditional Finance Is Complete
Nobody with half a brain who performs at high or elite levels within fin-tech is working in a bank anymore. All of the best minds in finance in the world have shifted to cryptocurrency projects.
The brain drain has been enormous. Imagine all of the worlds best talent leaving traditional banks like an exodus and joining paradigm shifting projects that seek to remap the world of finance.
The old guard must be livid but they aren’t stupid and this is why they now have all of their own projects running as well. Make no mistake – the legacy banking system will be replaced, time will tell by whom and what.
7) Cryptocurrency Can Be High Yield
If you know anything about getting rich or you are seeking to become rich you know something for sure. You need MASSIVE returns. You are seeking HIGH YIELD dividends to propel you to the next level of wealth.
High Yielding assets carry with them a high level of risk. But if you don’t engage with risk you don’t engage with reward. You gain massive levels of reward you must seek high yields while simultaneously reducing the risks associated wherever possible.
While you will be wrong far more often than right; it only takes being right once to generate a massive pay day. This doesn’t mean you should be stupid and take out loans, bet the house or buy the cheapest shitcoin. It just means that you should understand there is opportunity and learn to manage risk properly.
Only bet what you can genuinely afford to lose and never bet the house. I highly recommend you only play with the top tier developers & projects.
Global Politics Is Unstable And Markets Will Be Adversely Affected
8) It’s Uncorrelated To Other Asset Classes
Global markets could fall off of a cliff but so far Bitcoin and Alt-coins (alternative coins that aren’t king daddy bitcoin) haven’t been correlated to the stock market, property market or precious metals markets.
While this could change and its relatively untested during a serious financial crisis it remains true for now. Having exposure to an asset class that moves differently from other asset classes can be your saving grace in times of down-turn.
Diversification is the key to preserving wealth (not getting rich) and you must diversify to protect your assets. This way if the stock market crashes, housing implodes but crypto holds stable or gains you have hedged your wealth and have either preserved or grown a good portion of it.
9) It’s Under Your Control
Do you have the wrong political option? are you escaping tyranny? is your government a rabid blood sucking zombie that seeks to tax or take everything you own and then provide you with jack shit in return? Can they team up with banksters and put capital controls on your accounts so your money is frozen or sanctioned from being used for any range of purposes? Will your money be seized during the next financial crisis?
When you posses your cryptocurrency in cold-storage or via a safe means YOU and ONLY YOU control it. You can send or spend it anywhere you like, anytime you like in any quantity you like and there is not a dam thing anyone can do about it. In other words your own money is your own money, imagine that?
To take control of your future and your destiny you must be in control of your own life and that means being in control of your own wealth and assets.
At the very least you should have a small amount held safely for a rainy day.
10) It Will Become Much Much Easier To Use
Right now there is a learning curve (which has prevented mainstream adoption). Good barriers to entry allow you to invest earlier and gain more of the rewards. This wont always be the case and in the future cryptocurrency will become just as easy to transact with if not easier than legacy fiat currency. We are starting to see this now with things like the lighting network. Embrace the learning curve and become an early adopter.
11) The Market Isn’t Saturated… Yet
While there are many more market participants than there were in 2015 the market is still growing and is poised for its biggest growth phase yet. This phase will separate the big boys from the ammeters and this means you want to be in. Before things go parabolic and CNBC starts telling everyone on the nightly news that everyone is getting rich except for you – don’t wait for this (this is a sell signal) and get in early. Don’t be the dumb money and learn to embrace opportunity before others. You need to invest before everyone else does and there is a huge amount of money still yet to enter this market. This might be a once in a lifetime opportunity to own some cheap Bitcoin or Altcoins and you need to take opportunities while they are ripe for the taking.