is it wise to invest in crypto? Because it’s a better hedge against inflation, currently we all are living in an era of an inflationary system. Where our currencies deflate 15% of worth each year.
In a different perspective, you might look at it as another trade-able asset or currency markets, like FX, stocks, bonds, gold, or property.
And the cause of harsh inflationary reality. It’s an idiotic approach to building your asset in local currency. That will definitely lose its worth with the passage of time. Rather I don’t prefer to donate a big chunk of my assets over the name of useless ‘Tax/commission’ while trading stocks, FX, bonds, or property. We should prefer to choose the decentralized crypto approach as a better hedge against inflation. Don’t trust gov
& don’t forget The facts that ‘web3.0/nft’ is offering. As far as concerned BTC it’s not going anywhere (be aware of altcoins, understand their smart contract). Right now 100M peoples are aware, in no time hope it’ll be 1Billion users soon. …. 56% will feel guilty in the future. Because they missed the opportunity. i personally don’t think crypto investment and crypto trading is illegal.
what do people think is it wise to invest in cryptocurrency?
say yes, it’s wise
44%
peoples
say no, it’s not wise
56%
peoples
why people are afraid to invest in crypto?
Some of them will have a similar opinion as shown below
- Anything happening without Govt’s approval, just don’t be a part of it. You will loose in the end.
- Crypto will be banned soon. The government has started working on it! They were taking local currency to foreign through this way and that is a loss
- see FIA’S Case against transfer of money outside
and some of them will show resistance against hose afraid people
I disagree partially here. If it’s banned by govt. then don’t be a part of it otherwise it’s not necessary that you lose if you play smartly and with sufficient knowledge. Maybe a bunch of people can motivate govt. to approve.
Personally not agreeing... Actually, the current Fiat monitory system has a final resultant product 'Gov approved inflation'. & It has a direct impact on the middle/lower class. It doesn't impact Elite class a lot. We just need to understand the fact that causes inflation to understand the whole game. It's clearly mentioned in the BTC White paper. We should directly take it into the consideration, main fact that cause BTC discovery. Remember (necessity is the mother of invention).
We should never support All the corrupt gov actions. You can consider BTC a decentralized Hedging asset/currency against inflation, just like FX, stocks, bonds. Crypto, web 3.0, smart contract, NFT are new technologies we All need to learn/understand these new technologies. Rather than showing resistive behavior.
Government is just afraid of decentralized factor...gov wants everything in control. I don't think we're slaves to anyone
Blockchain technology will fundamentally change how we live and work in the future.
Actually, gov can not ban decentralized markets. They are only going to block the IP addresses of centralized exchanges and it’s not more than a joke.
the right thing to invest in the crypto, don’t put your whole bunch there and don’t take it for a long time for ex, if you invest 100k there when you got 10% hike like 110K so, withdraw your whole 110K, use it for short periods, then invest it again and do same.
if you talk about it deeply, it’s an artificial market, some giants of this world want to control the people from peoples money, according to the new world order. (That’s what i think )
Accounting and Financials Specialist | Accounting Teacher | M-Phils
trader response
I began investing in Cryptocurrency/blockchain technologies 1 year ago and now have passive income from it as well as much higher % returns than I would have thought possible. While the Crypto trading markets move ⬆️⬇️ much more than shares. A simple buy / HODL / wait strategy and dollar-cost averaging works well!
Give it a try open an trading account do crypto trading for a month with small amount. if you felt Good doing it then Good to go.
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