Cryptocurrency

  This blog is about cryptocurrency, as you can see this is a new form of investment to a lot of people and therefore it's hard for people to trust it and why should they? there's been a lot of scams going on with Bitcoin, and especially on Instagram for new people that want to get into the 'mining' part of cryptocurrency. Let's not forget though that since it's new, there could be a lot of opportunities once it gets regulated by the government. The "ungoverned" part of cryptocurrency is not realistic because in my opinion, the government will always want to be a part of anything that has to do with finance and investments. The government will want to tax anything that can be used as a currency its obvious, they want to control. Once the ETF's for Bitcoin pass everything will start rising, an example of this was with gold.

Once the ETF for gold was passed it didn't take long for its price to sky rocket, and from studying the charts of gold and bitcoin they look almost identical, the big rise, then the big fall, the gold got an ETF and the price skyrocketed. We're waiting to see what ETF's are going to be passed for Bitcoin and hopefully history will repeat itself and we will see the prices skyrocket like it did with gold. I'm investing in cryptocurrencies because its a pivotal point in investing, new technology and more opportunities, a lot of companies are using blockchain and implementing them in their business, many businesses are implementing Bitcoin into their businessess as well, and we're starting to see alternative coins like Electroneum dominate the market as well with "banking the unbanked" and are trying to make their transactions almost instant. Electroneum is trying to be used by businesses as a form of currency as well.

Do your research before you invest, when I first started I made a lot of money from a little bit of money but I ended up losing a lot of money as well since the investments I got in weren't good. That's a lesson I learned and now I do a lot of research before I even think about investing, a lot of these "companies" aren't that good and they all promise "new technology" but don't deliver products or services. Their plans are vague, and have no real products. Watch out for currencies who are only run by one person and not a whole team.