WHERE DO YOU THINK THE NEXT GENERATION OF BILLIONAIRES WOULD EMERGE FROM ? LETS FIND OUT.

It was about this time last year when I realized one of the biggest mistakes I ever made was neglecting to look into Bitcoin and cryptocurrency. As I’m writing this, I am watching Bitcoin creep pass $2,500 per coin. Now let’s get back to why you want to own cryptocurrency.

Unless you have been living in a cave, most aspects of your life and daily activities are digital. We are a virtually cashless society relying on debit and credit cards for our everyday transactions. We use this convenience so often without considering the true cost. There are fees to send and receive money, there are fees to move money internationally and there are fees to exchange currencies. The central banking system traditionally does everything it can to squeeze fees from it’s users. The system has been corrupted by greed. What if we could eliminate or replace the entire infrastructure of greed that is bankrupting the citizens and the economy? This is where cryptocurrency comes in. While it hasn’t replaced it yet, cryptocurrency offers a viable alternative to the central banking system, as a form of exchange.

What are the possibilities with cryptocurrency?

Understanding and wrapping my head around this topic was at first a little intimidating… but with a financial industry worth $87 Trillion per year, I knew it was worth spending the time to learn even if I could just get a small piece of that. While the technology behind cryptocurrency can sound complicated, I’m going to keep it simple in my explanation. Essentially, the main benefits of cryptocurrency involve decentralization of our money system. This is where our money is not dependent on governments or the central banking system for management. A decentralized cryptocurrency money system self manages itself through an (unchangeable once deployed) computer programmed algorithm. This has already been happening since 2009 in case you were wondering… and the cryptocurrency markets are flourishing. Cryptocurrency brings a revolution to the world of finance where you can send and receive money to anyone in the world without having to pay the central banking system exorbitant fees.

And these are only a few key benefits. Not to mention that the technology behind cryptocurrency also has security measures that can prevent fraud and corruption.

Banks and governments around the world adopt cryptocurrency

This new technology industry is rapidly growing right under our noses. One week I am hearing about how Mike Tyson launched his own self branded line of Bitcoin ATM machines, the next week I hear eBay is their own patent for cryptocurrency and making moves to accept bitcoin as payment on their site. There are so many corporate giants and international institutions that recognize the value and efficiency of the cryptocurrency blockchain technology, they are adopting it left and right. A whole new world of entrepreneurism has been born with this new financial industry that has brought about the actual ‘future of money’.

I see the concept of cryptocurrency and the industry that has risen up around it is proving to be most profitable trends of our lifetime. Even though I missed my chance with Bitcoin, that does not mean there will not be other opportunities in the cryptocurrency space. From my research gathered, I predict that 2016 will be the biggest year for cryptocurrency yet… and will represent a lifechanging year for so many people who are lucky enough to learn about what’s going on in time to take action and benefit from it financially for generations. I believe most retail places you visit to buy goods and services from will start accepting cryptocurrency. Over 300,000 places and accept it and the number grows by the day. The cryptocurrency future is not only coming.. it’s here as we speak!

Stop waiting for something big to happen, or you will end up reacting with the masses after it’s too late. Now is the time to act fast.

Look all around and you will see that banks, businesses, governments, and other major corporations have started to adopt the cryptocurrency blockchain technology. Now is the perfect time to enter the space while all these major entities are still trying to figure it out.

But why exactly?

Why should you start looking at getting into cryptocurrency in 2016:

Let’s discuss some of those reasons below.

1. High chance of profitability: Let’s go ahead and address the elephant in the room and discuss the profit potential. I imagine that is the most important thing to you. When I read stories like this, where a student from Sweden spends $27 on some Bitcoin and forgets about it, only to realize he made $850,000, that gets my attention

That proves to me there is a demand for cryptocurrency.

And this is not the only Bitcoin success story. Just google it. You will see many people made a lot of money by getting into Bitcoin at the right time.

So even though it might be too late to capitalize on Bitcoin, (depending on who you ask) we are still at the very inception of this industry and there is nothing but room for growth. But in the world of cryptocurrency there are coins other Bitcoin. I have already recognized a couple coins that should be strong performers in the markets. But we’ll get to that later.

1. Global commerce: Another big reason why you should be looking at cryptocurrency is the convenience of being able to send and receive money globally and being able to do it instantly. Unlike when you send money through a bank or another financial institution, you do not have to wait days for your money to be sent. You also don’t have the expensive fees that go along with it. Using cryptocurrency is faster and less expensive than traditional banking methods.

2. Safe haven for your money: Not everyone will understand this third topic but it’s easily as important as reason number one. One thing we know for sure is how many of the wealthiest people, the millionaires and billionaires of society, are moving their money into cryptocurrency. Part of it is because the nice potential for return with its increase in value, but there are more serious and life changing reasons than that.

In 2009, the United States experienced an economic hiccup or mini recession. Depending on where you are in the world, your economy may still be experiencing some volatility and financial troubles because of this. In countries like Greece, Iceland, and Zimbabwe, the economy has gotten so bad that they have gone to extreme measures where the banks are limiting the amount of money each citizen can withdraw on a daily basis.

And when the banks don’t allow you to take out enough money to feed yourself and your family, you have to look to other options. Fortunately, we are at a time where we can use cryptocurrency to send money to our family and friends anywhere in the world and help them when they need it.

And that’s exactly what happened in Greece. Bitcoin ATM machines began to pop up all over Greece, giving their citizens a means of exchange in commerce. You may not think this is important, but just imagine if you had family you needed to send money to that was living somewhere experiencing difficult financial times due to a failing banking system… you would surely be grateful to be able to use cryptocurrency to buy them whatever they need to survive.

What if I missed out on Bitcoin?

If you’re like me and all the other skeptics who missed out on cashing in big with Bitcoin, it’s not exactly too late for you. With it’s current value, Bitcoin is out of reach for most people to leverage their capital effectively with… but there are plenty of other opportunities (coins) in the cryptocurrency space. And you can be sure that as the space and technology continues to innovate, there will be around 10 top cryptocurrency coins in the market other than bitcoin.

What is the next move for the industry?

This is how I explain it to most people. Bitcoin was the very first of its kind with a technology that has revolutionized the financial industry as we know it. When they invented bitcoin, they may have not seen all the challenges or hurdles which that would have prevented it from reaching mass adoption. But just like other developments in technology… when a success is created there are other people with money, skills, and resources are sitting on the sidelines examining and contemplating on strategies and ways to create a better, faster, more efficient version. They want to duplicate the same success, right? – Then they execute. They take the best of Bitcoin and include it. They take the worst of Bitcoin and throw it out, innovate and improve on the function and release their version… and if I know technology, with it’s incessant updates and new versions… this is only just the beginning of an incredible future.

This is what is happening in the cryptocurrency space right now. There will be more than one cryptocurrency that people use – just like we have different credit cards and payment solutions now.
Follow: @knowledges
Dont forget to upvote