Is it worth investing in CryptoCurrency?
- Thread starter gkd_uk
- Start date
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Cryptos can be used for investing, for gambling, and as a currency.
The most interesting part is as a currency.
Cryptos can revolutionise our financial system precisely because they can become currency, an alternative to the Central Banks constantly depreciating fake money.
Their volatility prevent Bitcoin and Co. to become currency, that's why Stablecoins were created and are that successful. Look at the increase of their market cap and trading volume in the last year
Stablecoin Index
Stablecoins will bring cryptos to the masses.
Just think about the companies associated with FB's Libra: Vodafone, Paypal, Facebook etc.
Maybe this is a good introduction to the subject
2019 Complete StableCoin Guide 1/7
Just wondering, do you have any affiliation with Stablecoin?
I think it's worth it, but it's still a long-term investment that may give good results.
I think investing in promising cryptocurrencies will always be relevant and profitable. Why not? That is why I bought BTC, XRP, ETH through https://bikkex.com/ exchange. I like the low fees here. It is really more profitable than other exchanges. Which cryptocurrency do you think will be the most promising in 2021?
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Investing in stocks is probably still one of the best passive income options unless you have several businesses that you've hired someone to run, and you get income from them and pay all your employees. That's what comes to my mind when I think about passive income. If you don't have those businesses, then probably investing in gold would be the best way out because I do it myself, and you can even start that with a small amount of money compared to other sources where you can get passive income.
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