Is it still worthwhile to in invest in Crypto currencies?

 article about Is it still worthwhile to in invest in Crypto currencies?
While Bitcoin and also most of the other cryptocurrencies are currently not doing very well, is it still worth investing in crypto?

Back in December 2017 the price of Bitcoin reached its new high of almost $20k, but since then it's now down to around $7500. Pretty much the same applies to many if not most other cryptocurrencies. Some people could say that the crypto bubble is over and done with, but that's not likely. And if that's not the case, right now might actually be the best time to invest in crypto currencies.

Is it possible to make money from cryptocurrencies?

While crypto market is VERY volatile and, especially short term, it's possible to lose a lot there, there's pretty much no other market there where you can make 10 or even 100, 1000 times your investment in relatively short period of time.

There are roughly more than 1500 cryptocurrencies out there that are trading daily, and some of them are bound to gain a lot in value as soon as the market turns bullish again. So there is still a lot of potential. But you do need to remember that there are lots of things that can influence the price of cryptocurrencies. Factors that may influence the prices are media, government regulation, innovation of the technology, and of course also the usual demand and supply plus market manipulation. And when it comes to market manipulation, it's actually very beneficial for especially big financial institutions to do their best to get the market go down, just to wait it out for the prices to go low enough, and then to buy lots cheap crypto again, which then shows there's a huge demand, which again increases the prices, which again makes it possible to sell high again.

So while crypto market is very volatile, it does still have lots of potential.

Why is crypto market good place to invest in?

Cryptocurrencies are likely to be the future of our financial market and by the end of the day we all want to be part of it. In the long run it's possible to earn passive income from it even if you choose not to be involved in cryptocoin mining. While at first glance cryptocurrency trading might look very confusing, it's actually very easy these days to become a small investor in cryptocurrency market. The technology behind cryptocurrencies, blockchain, could be called technological revolution.

Big banks are investing heavily in crypto market as well. A US-based investment investment firm has said the blockchain technology will be driving the fourth industrial revolution. And that came from a firm that oversees more than $360 billion in customer assets.

Investing or speculation

Some people would say that investing in crypto market is not investing but rather pure speculation, that most people investing in crypto market have no idea whatsoever what they are doing. And this is probably quite true. But speculation is defined as "financial transaction that has a significant risk of losing most or all of the initial outlay with the expectation of a substantial gain." (source) and could still be considered a form of investing.

Cryptocurrency trading as lottery

And of course, you could compare trading cryptocurrencies with playing the lottery as well. You stand to lose everything but you can win big time. And it's actually true. Then again...

Trading cryptocurrencies as any other commodities

People are investing in or trading pretty much everything. Be it stocks, gold, foreign currencies, or anything else. You can trade them all based on...well, nothing. Hope. But if you're willing to put your mind to it, you can do it all more scientifically as well, and make your trading decisions based on news, based on technical analysis (like Japanese candlesticks for example). And if you doing it like that, then trading cryptocurrencies can be very similar, although still way more volatile, to trading or investing in stocks.

By the end of the day, the main thing when it comes to investing, speculation, lottery - there's still one main thing to keep in mind. Although some might want to remove investing from this list, I wouldn't, there's been enough crashes in the stock market to support that idea. The main thing is that you should still only play with money you can afford to lose. It's financial market, be it the old or new one, you can lose a lot. And win more.

And obviously, don't take this as a serious investment advice but for what it really is, one man's personal view, opinion of where the cryptocurrency market is right now. Whether you decide to enter the crypto market and be in it for the long haul, decide to try your hand with quick money schemes, or just decide to use bitcoin to bet on football, it's still all your decision. As you're the only one who stands to lose, or win from it.

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