When it comes to crypto, there are a lot of naysayers. And recent events may have given them fuel for discussion. They’ll tell you that the bubble has burst, that it’s too volatile to invest in, and that you’re better off putting your money elsewhere. But crypto is still worth investing in, and here’s why.
The Volatility Argument Is Overblown
Sure, crypto can be volatile. But so can stocks, bonds, and pretty much any other asset out there, especially with the state of the US economy right now. Currently, Wall Street is looking pretty unstable: the benchmark index has dropped 4.2%, and forecasts predicting volatility in stock prices until the end of the year. Forex is also a rollercoaster ride: the dollar is surging, and disrupting and creating opportunities in the forex markets.
If you’re going into cryptocurrency, the key is to do your research and invest in projects that you believe in for the long haul. If you’re only in it for the quick gains, then yes, you’re probably going to be disappointed when the price corrects (as it always does), or if there’s another dip. But if you’re invested in a solid project with a sound team and roadmap, then you can weather the storms because you know that the underlying technology is strong. And there is support out there– cryptocurrency brokerages can give you some extra security and leverage.
It’s Still in Its Infancy
People like to talk about how crypto is in a bubble because it’s gone up so much in value over the past few years and prices have fallen in recent times. But what they fail to realize is that we’re still in the early days of this technology. Just like the internet was in its early days back in the 1990s, crypto is still finding its footing. Remember the dot com bubble of the late Nineties? Decades later, the internet is now driving economies, with internet companies being the biggest, most profitable companies in the world.
We’re still seeing new use cases and applications being developed on a regular basis, and as adoption increases, so too will the price of crypto go up. Right now, there are some innovators out there looking to apply crypto and blockchain technology to a number of different industries.
Blockchain is currently being explored as an option for supply chain management, logistics, and even voting. So far, it’s shown a lot of promise in these areas. In the future, we’ll likely see even more applications for this technology, and as that happens, the price of crypto will continue to rise.
There’s a Lot of FUD Out There
One of the biggest reasons why people are hesitant to invest in crypto is because of all the fear, uncertainty, and doubt (or “FUD”) that’s out there. Every time there’s a negative news story or regulatory setback, all of the crypto haters come out of the woodwork to declare that this time is finally the end of crypto. But guess what? Crypto has always bounced back, and it will continue to do so as it matures into a mainstream asset class.
So don’t let the naysayers get to you. If you believe in crypto and blockchain technology, then there’s no reason why you shouldn’t invest in it. Just remember to do your due diligence and only invest in projects that you’re confident will be around for the long haul.
Bonus: Should you Invest in Crypto while prices are down?
Some people say that it is a good idea to invest in crypto now that prices are down. They say this because when the prices go up, some people get excited and invest more money than they should, which can make the prices go down. Crypto is also subject to some unpredictable factors like speculation and hype, so seeing surges and dips has become par for the course at this point.
However, if you’re thinking about investing in crypto, it’s important to do your own research and not just invest because everyone else is. Make sure you understand the underlying technology and the team behind the project before putting any money down. And remember, price fluctuations are normal– so don’t panic if you see prices go down. Just hold tight and wait for the market to correct itself.
So there you have it—three reasons why crypto is still very much worth investing in despite all of the negativity out there. Of course, you should always do your own research before investing in anything, but don’t let the naysayers scare you away from this incredible opportunity. Crypto is here to stay, and now is still a great time to get involved.
