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Although some experts may have been slightly wrong with their 2018 digital currency predictions due to changing crypto prices, it is still the best time to make an investment into cryptocurrency.

Some investors are scared about the Bitcoin prices dropping in 2018. In fact, cryptocurrency prices have been all over the place this year. Despite these changes, savvy investors should still feel pretty confident in cryptocurrency.

In case you need a boost of confidence, here are 11 reasons to look beyond crypto prices and to invest in cryptocurrency now:

1. It Can Be Used To Purchase Things

Unlike other types of investments, users can actually purchase goods and services directly from digital currencies. When the crypto prices rise, you will be able to buy more things with your investment.

2. ICOs Are Becoming More Legitimate

An Initial Coin Offering (ICO) is becoming more mainstream. Some of the largest companies today are using ICOs to raise money for important initiatives. One report found that there have already been more ICOs in 2018 than in all of 2017. With many upstart companies launching an ICO, this is the right time to get in on the action.

3. Scarcity

The scarcity principle holds that a limited supply of an item increases the value of it. Bitcoin and other cryptocurrencies fall under that description because there is a limited supply of them. Nearly 80 percent of Bitcoins have already been mined, which is reflected in the crypto prices.

4. You Own It

The great thing about decentralized currency is that it is not controlled by any central authority, such as a bank or a government. Consequently, that means a user directly owns the digital currencies in their cryptocurrency wallet. Ownership is everything, and cryptocurrency provides a great ownership boost.

5. Paper Currency Is Yesterday’s News

Even if you haven’t been following the cryptocurrency news as of late, you probably know that paper currency is on the decline. Thanks in part to the rise of PayPal and other digital monetary services, some businesses don’t accept paper currency anymore. Cryptocurrency follows in on this logical move away from paper currency to digital alternatives.

6. Protection Against Identify Theft

There are always cases involving banking or investment accounts being compromised by hackers. Although cryptocurrency accounts could also be victimized, there are some protections in place thanks in part to the ledger. More importantly, users can rely on two-factor authentication and offline wallets to protect their digital currencies.

7. A More Normalized Valuation

At its peak in 2017, a single bitcoin was worth over $19,000. In a 2018, a market correction slammed the bitcoin prices back down into the $6,000 range. This lower valuation represents a good time to invest in Bitcoin. It is also a valuation the makes way more sense than the $19,000 in 2017.

8. Traditional Economy Could Collapse

Most people are nervous about the global economy, and rightfully so. There are concerns with the current leadership in the United States, and there is volatility in Europe. There are also global threats from Russia and North Korea that could destroy the global economy. A recession would likely hit centralized investments in the stock market really hard. Decentralized investments, such as cryptocurrency, are more likely to survive this downfall.

9. It’s Liquid

There some private investments that lock users in for a set time. In order to take their money out, investors would normally have to pay an individual fee. Cryptocurrency is liquid and can be distributed from an account at nearly any given time. Liquidity is a premium in the investment world.

10. Using Dollar-Cost Averaging When Crypto Prices Drop

Seeing crypto prices drop is normally bad, but it could be a part of a dollar-cost averaging strategy. This investment technique involves regularly buying a fixed dollar amount of shares. Under this strategy, an investor would get more shares when the prices drop. It is a very popular strategy across many types of investments, including cryptocurrency.

11. Alternatives Are Good

Most savvy investment experts believe that is wise to allocate a small portion of funds to alternative investments. Having just 1 percent of a portfolio dedicated to alternatives could be useful. Cryptocurrencies, such as bitcoin, are among the most popular alternative investments right now.