Should I Invest in CryptoCurrencies?

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Why should I invest in CryptoCurrency?

When most people think of investing they think of stocks, bonds and real estate. Very few people know about a very new asset class that is changing the face of investing and introducing investment possibilities to new investors. CryptoCurrencies have only been around since 2009. Designed as a way to make peer to peer payments over the web, cryptocurrencies have made countless millionaires and offer an investment platform for regular people.

The first cryptocurrency, Bitcoin, was created in 2009. It was designed to allow people to pay for things over the internet without middlemen, like PayPal. Since it’s inception, the value has grown over 4000%. People use Bitcoin as a store of value and to buy things over the web from places like Overstock.com. As more people have gotten into the market, the value has grown exponentially.

As an investment, cryptocurrencies are very attractive to new investors. They are particularly appealing because of the very low entry costs.  It’s possible to start buying cryptocurrencies like Bitcoin for as little as $10.  People enjoy investing in cryptocurrencies because they have huge medium and long range growth potential. Investing $100 in 2010 would have made you a multi-millionaire today. There are lots of reasons why people invest in cryptocurrencies. A little research will help you to find the best reason for you.

Where can I buy CryptoCurrency?

The only place I purchase my crypto-currency is Coinbase. A reputable exchange, Coinbase is one of the oldest exchanges for Bitcoin, Litecoin and Ethereum. It allows individuals to purchase all three of these currencies and store them in an online wallet. Through Coinbase, you can keep track of the value of your investments and also use it to make purchases. Our next blog will discuss digital wallets and where you can spend your new found wealth.

For more information, go to http://www.investnoir.com.