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Should i invest in crypto
Whats the most profitable crypto miner in 2021? should i buy a miner or i should buy crypto directly?
It depends on what you want to achieve and what you mean by “investing in cryptocurrencies”. If you mean simply buying a crypto like bitcoin or ether my general answer would be no, because cryptos are not truly a vehicle of investment, since their growth isn’t based on ant true valuable asset, but rather purely on the speculation itself. In this sense, “investing” in cryptos like bitcoin is not too different from gambling. Some argue that cryptocurrencies are a future viable alternative to regular printed currencies, but this is only half truth. Distributed ledger technologies do have the potential to achieve such a thing, but bitcoin specifically, as well as most of the other cryptos that are popular today do not.
Why? Simply because they employ the technology in an overly decentralized manner that simply doesn’t take into account issues like liquidity. This makes them way too unstable to be functional as true currencies with which people buy and sell goods and assets. If you got a currency that is worth something today and might have an entirely different value a week from now, that simply isn’t a reliable currency. Although all currencies are prone to having some degree of volatility, there are institutions and mechanisms to prevent drastic value movements, and that isn’t the case with most cryptos.
If by “investing in cryptocurrencies” you mean investing in the underlying technology behind them, then that is something I do recommend. Distributed ledger technologies are starting to be widely used by many financial institutions and companies to make financial assets more liquid, automatize certain processes and make transactions generally faster and cheaper. Now it’s a great time to invest in those technologies, though you have to look for specific investment opportunnities and truly viable companies.
I recommend a very interesting article on this topic, right here
financialnewsjournal(dot)com/how-visionary-investors-are-changing-the-future-of-financial-transactions/
What else can I help you with?
Are there any mutual funds which invest in crypto currencies?
There is, But You should not do funds. Maybe your excess money would work. I invested my Excess money on Cryptocoins in Netcoins. the reason I don't invest with funds is that I might be in debt.
What is crypto hasna?
I think it's the same as Cryptocoins that I invest on Netcoins. Or maybe just a another platform.
Which energy source should the city should invest in?
The city should invest in renewable energy sources like solar power.
What should you invest in?
Silver!
How much interest should you get on 10000.00 at 0.050 interest yearly?
BlockFi offers crypto interest-earning accounts with up to 8.6% APY. This allows clients holding crypto like Bit coin & Ether to earn compounding interest. BlockFi also offers low-cost USD loans backed by crypto. Access crypto capital without selling. bkxzP
As a student, can you invest in blockchain - altcoins?
I think you should not invest as student.
Should people invest in Ben and Jerry's Ice cream franchise?
Stephen Colbert has an ice cream there. Jim Cramer says: "INVEST! INVEST! INVEST!"
Should i invest in the dalston square new development flats?
i think you should invest in a property. but most of them have gone now
Should you invest in Iraqi dinar?
You should probably not invest in Iraqi Dinar. Utahâ??s Department of Commerce have warned people against a scam in which someone is persuaded to invest in the currency.
Should I invest a percentage of my paycheck?
Some people invest a percentage of their paycheck. You should only invest a part of your paycheck if you have enough in savings and if you do not need the money immediately like for bills.
What should India do for development?
Invest.
Should you invest in Baidu?
yes.
