What is the profitability of cryptocurrencies?
I can not deny that when I started in the cryptocurrency business I had many doubts about the profitability and the amount of money I had to invest.
If you have been reading opinions on websites you have probably noticed that there are those who defend digital currencies and those who hate them.
The first thing you should know before investing in these assets is that as in any investment there are risks that can not be denied.
There are specialists who come to consider virtual currencies as high risk assets when it comes to investing.
The truth is that cryptocurrencies have a very high volatility within the stock market. This makes many people have doubts about whether investing in them is a good decision for their finances.
The truth is that although these coins have all these characteristics they still have a VERY HIGH PERFORMANCE.
Remember what I mentioned before about Bitcoin? If in 2011 you had bought a Bitcoin coin for $ 8,14, today you would have $ 7,292 in your account because that is your current price.
The truth is that the same happened with Bitcoin also happens with most virtual currencies.
When they go on the market they do it with fairly low values, but once they gain popularity and trust from their users, their prices skyrocket to unexpected levels.
This is the reason why many companies continue to create cryptocurrencies.
Year after year the number of digital currencies that they launch to the market is greater, this is due solely to the success of these assets.
Do you think that if the cryptocurrencies did not have a high profitability they would continue to bring more to the market? The answer to this is a resounding NO.
Each digital currency is preceded by a project, which in turn has previous studies and analysis to ensure that it will be successful.
Although cryptocurrencies have ups and downs in the stock market, the reality is that their long-term trend is to raise their price.
If you want to confirm this, just look at the most obvious examples of the market such as Bitcoin, Ethereum, Litecoin, Ripple, Dash and many others.
Here below in the graph that I share you can see that from 2013 to today, cryptocurrencies such as Bitcoin, Ripple, Dash, Monero or Neo have only kept raising their value week by week and year after year (you can click on the image to see it bigger).
Although at first some investment in these assets may be scary, the investment-earnings ratio is quite high.
In my case, investing in cryptocurrencies was one of the best decisions I could make.
If you are one of those people who have certain doubts or fears, I can make several recommendations that can help you.
First of all, be careful with the platforms you choose to carry out your operations.
The platform you choose will have a lot to do with the results you get, that's why it's important that you choose a reliable system with good references.
Second, make a good choice regarding the cryptocurrency you want to invest in. There are some digital currencies that are very promising and others that are not so much.
Find out more about the price history of the cryptocurrency in which you are going to invest, rest assured that this will give you more confidence.
Third and last, I recommend that you start investing small amounts of money.
One of the biggest fears of investors in losing a very large capital. A very simple way to solve this is to start with small operations. In this way, you can gain more confidence on the road.
You will see in a short time that your transactions will get bigger and you will feel much more comfortable
In general terms, investing in cryptocurrencies with a future is one of the best decisions you can make.
These assets have come to stay, each day they become more relevant and are more present in our reality, generating news of which we must be very attentive if we decide to invest in them.
Have you already bought your first digital coins? Leave me a comment below and tell me what your experience was.
Edit:Rock
Source:https://gananci.com/criptomonedas-con-futuro/