Should you invest in crypto currencies? That is the question we will explore in this article. For those who are new to this subject lets first take a look at what a crypto currency is.
A crypto currency is a digital or virtual currency that uses cryptography for security. A crypto currency is difficult to counterfeit because of this security feature. A crypto currency is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Whether people can be trusted with such a currency nobody can tell. Will we use it to the detriment of others or will we use it to do good in this world?
Of course you could ask the same question with all new technology entering the market place.
Crypto currencies have the potential to decentralize authority and power.
In the current state of affairs all power is in the hands of the international bankers. They determine mostly what political agenda’s are to be followed.
The broad use of crypto currencies could change this and bring responsibility back to the people.
This makes investing in crypto currencies a risky business. It flies in the face of those that are currently in control of things.
Bitcoin is the front runner that is still dominating this market. Will it continue to expand or will it be taken over by even more technically advanced methods of exchange? Nobody can answer this question.
If you would have bought Bitcoins in 2010 for 6 cents you would by now be a millionaire.
I am not an expert on this subject by a long shot. But I know one thing.
Investing in a crypto currency today that is as low as Bitcoin was in 2010 could very well be a worthwhile investment.
Let me tell you that there currently are such opportunities. Let me introduce you to the cryptomillionaire
It will tell you all you need to know to make an informed decision about investing in crypto currencies.