Source
I recently was scrolling through Twitter and saw a quote that is quickly becoming a hall of famer in the crypto memorabilia of quotes.
"The best time to invest in crypto was 10 years ago, the next best time is now"
It's right to say the industry is still in its early years and those who were able to get a bite of the cherry as early as 10 years ago are better off for making that decision. Does that mean it's late for those just getting involved? Heck No!!
Although cryptocurrency has come a long way since its earliest adoption and even more so in the last year that particularly saw many currencies including Bitcoin, Ethereum and even our very own Hive reach all-time highs. This has helped make the matter of cryptocurrencies a hot topic in many spheres.
The increase in interest in cryptocurrencies has seen investors of all shapes and sizes ranging from billionaires like Elon Musk to teenagers in high school flocking in their numbers to the many different and brilliant developments constantly being developed on the blockchain.
One concern however has always been the erratic movements in the market owing to its infancy that sees great rises one day and big drops the next. This is being handled as we speak by its adoption by institutional heavyweights and the consequential regulation which would help make it a better transactional tool and a lot more stable.
In a recent conversation with my newfound friend and fellow @comet.ranker commander @samsmith1971, she mentioned rather aptly that the growth of cryptocurrency in the coming years is heavily hinged on its adoption and regulation, an argument that is echoed wherever cryptocurrency is being mentioned and one that I totally resonate with.
The adoption is constantly on the rise with India giving it some credence by its recent law that taxes income made from cryptocurrency, El-Salvador making crypto a legal tender and the call from top government officials clamouring for some sort of regulation that would help mitigate its erratic nature as well as ensure that investors have some form of security.
Although, many in the opposition claim that besides its erratic nature that sometimes sees investors lose all of their lives savings in one deal, it is also used in criminal activity with Cognyte reporting about $10 billion being used by criminal actors in 2020 alone for various illicit activities. This is being tackled by cryptocurrency financial investigations that is constantly becoming a standard in the crypto-sphere to help nip criminality using cryptocurrency in the bud.
If you are thinking of getting involved in one blockchain development or the other, then I strongly recommend Leofinance and Hive as one of the easiest, cheap and user-friendly accesses to the cryptocurrency world. The best part of being on these platforms is that it would broaden your knowledge every day on the topics of crypto-currency while you earn on the various decentralised apps that range from blogging, vlogging, gaming etc.
So, the best time to have gotten involved in the crypto-world would have been 10 years ago but the next best time is definitely now.
Thanks for stopping by.
Stay Frosty Guys!!!
Discord - pappyelblanco#6899
