In the past, we have talked about why cryptocurrency might be important in the future and about how cryptocurrencies can serve as digital currency in the same way that gold serves as physical currency.
But suppose you are still on the fence about whether or not to invest in cryptocurrency.
In that case, you may be hesitant to make your first purchase because you want to make sure that it will still be worth something when you decide to sell it later on down the road.
Yes, it’s too late
Nobody really knows for sure how much of an impact cryptocurrencies will have on our daily lives in years to come.
Still, there’s no denying that investing in cryptocurrency is risky. And if you’re thinking about investing in cryptocurrency or looking to make a return from it, it’s probably too late.
Sorry! Don’t get me wrong-the boom has been exhilarating for everyone who’s invested early and has stayed up-to-date with market developments.
But if you’re just getting started, you’re behind schedule. The first people to jump on board made huge returns over a short period of time.
Because crypto was largely unknown at first, and most people were learning as they went along. That window of opportunity closed a long time ago.
For example Stabila is offering coins at a very low price because of its recent launch. Its rate is growing gradually.
No, but you should have gotten started earlier
Those who have invested early and have chosen to keep investing consistently into cryptocurrencies have greatly benefited from recent growth.
That said, it’s important to keep in mind that even after over a decade of potential growth, cryptos are not widely accepted by society at large.
Its slow adoption rate has several reasons, ranging from slow transaction speeds (thereby making it less attractive as a payment system) to its reputation as a haven for illicit activity (from money laundering to drug trafficking).
Whether or not you invest now, you can almost guarantee that they will be a part of our financial future.
The trick is figuring out which coins will be widely adopted by everyday people and which ones will fade away like Pogs.
You could also grab a token at low prices like the Zoom is currently selling.
However, You can still make money
Crypto speculators might scoff at lagging, but if you’re a long-term investor and believe in cryptocurrencies, you can still profit.
Many promising altcoins started as little more than an idea and achieved substantial success or high prices. For example, Ethereum Classic (ETC) is up 60x from its initial price.
Even though it didn’t gain much traction among other crypto platforms, it still offers real promise for how blockchains could be used outside of trading tokens.
Don’t want to purchase coins or tokens in exchange for real money or do not have any payment system, then you can look at Airdrop.
Are we there yet? When will we reach critical mass?
While there is a relative term, we will likely reach an inflection point where cryptocurrency is widely adopted.
However, it’s difficult to predict how long it will take for the mass adoption of cryptocurrency.
A milestone we could use as a potential indicator of critical mass is 500 billion USD in total market capitalization for all cryptocurrencies combined.
While I think $500B would be the magic number, critical mass may happen before then.
My opinion on cryptocurrency investment
Before you consider investing in cryptocurrency, please ask yourself a few questions:
- Do I believe digital currencies will fundamentally change how we interact with money and one another?
- Is cryptocurrency something that will change my life (or my children’s lives) for generations?
- Can I afford to invest in cryptocurrency right now, or am I just trying to get rich quickly?
If you answered yes to these questions, investing in crypto could be an excellent way to help secure your financial future.
On the other hand, if you answered no, then it might not be worth wasting your time.
A good rule of thumb is that if something sounds too good to be true-like getting rich from a single investment-it probably is.