- Blockchain technology is the new trend in the finance scene. It’s said it has the potential to disrupt traditional business models (which it already is) and other sectors too. No sector is going to be spared. No one!
In the light of the promises made by the blockchain technology, investors are already looking into it. There are so many options out there now. All you need to know understand is one thing! How much are you willing to risk and incur. After all, we are aware how all investments come with a certain risk.
If you’re in it to win it, then blockchain technology has plenty to offer to the people who are willing to invest. So, what does the blockchain technology have in store for us?
First it was gold! Now its Bitcoin. In history stockpiling gold was the best and least riskiest option for the investors. Now, stockpiling Bitcoin is the next best investment advice you can give to someone. Although, gold is tangible and Bitcoin not so much. However, the basic investment principles are the same.
Both gold and Bitcoin are considered rare. In the end it all comes down to the supply and demand. The limited the supply, the more the demand which increases the value. It’s a common concept. You’ll have to join the crypto-world to begin your crypto-journey. It can be a great way to invest your money.
Yeap! It must be surprising for you. But, even there are penny stocks for crypto. When we think about cryptocurrency. The first crypto that comes to you mind must be “Bitcoin.” But, don’t be too sure about being Bitcoin being the only option/ They crypto-verse if loaded with other type of digital currency such as Litecoin and other Altcoins.
Over past few year there have been other alternative cryptocurrencies, it was attempt to compete with Bitcoin. However, others were created to fill the gaps and needs which were not met by Bitcoin. Some cryptos were created for enabling digital asset registry, allowing escrow services, providing increased privacy and much more. There are so many options available now, all you need to do is do your own research and find out which one is the best one for you.
Angel funding is not a new concept in the market. One of the things that is gaining a lot of attention is the idea of investing in startups that are purely based on the blockchain. It’s more popular than ever and the fun bit a lot of people are profiting from it. It’s because ever since cryptocurrency has taken the world by storm, more and more people are interested in the blockchain technology and it’s uses in the real world application.
But, just like all new ventures, startups are looking for funding and to begin. Being an angel for a start up could be the next best thing for you, because you never know the startup could be the next Apple, Google or blockchain leader in town. However, it’s always a good idea to weigh your risks before you dive into a new venture.
So, are you convinced to invest in blockchain?