Sticking with Cryptocurrencies All throughout Will Yield Result


We’ve all heard the news and seen the graphs. It’s also been given the “I told you so” by friends and relatives. Cryptocurrencies like ethereum and bitcoin have seen a fluctuation around 2017 onwards. At the height of its popularity and the demand it brought in, many businesses were starting to consider accepting bitcoins and other cryptocurrencies as an alternative way of trading goods or services. It was that big and that popular.

Popularity was the rise and subsequent decline for cryptocurrencies in general. Suddenly everybody and their mothers want to get into all aspects of bitcoin. This comes in many forms like bitcoin mining, bitcoin trading, BTC SGD buying and a whole lot more.

Even the usually lesser known cryptocurrencies like etherium got in on the action during those great moments. And just like bitcoin people were also studying up on ETH SGD and how the market moves. People were also familiarizing themselves with how trading works and prepare for any kind of situation while investing money on these virtual currencies.

But just like the Roman Empire and the Holy Roman Empire, everything eventually declines and soon the prices hit a plateau and gradually slowed down. It did stabilize eventually but many people lost hope with trading with coins. Although there are still a lot of people who think that there will be a resurgence, many have taken a break with trading, buying or selling coins. They left it all to fate to see where the future will take them.

For those that remain loyal and still stuck with cryptocurrencies, they often share their insights as to why they are still doing what they do. Here are some of the insights they have provided.

1.       Nothing is permanent
Many think that whatever the state of bitcoin or ethereum is will eventually change. Nothing is permanent especially when it comes to currencies. If an economy can go from a strong and stable one to something that’s shaky just like in the early 2000s then a reversal of fortune is certainly in the works.

2.       It’s Still an Investment
No matter what people say, the current batch of cryptocurrencies are still highly regarded as investment mediums. People still put money in them. Actually, more and more people are still investing their money in cryptocurrency handlers and traders. The numbers have shown to be gradually increasing as the months roll by. At the end of the day or when you really need the money, you can still take it out of the equation with some neat additional percentage to boot.

3.       Bitcoin is Still Popular in Other Countries
While we’re way past the resurgence and prominence of cryptocurrencies in the United States and Europe it doesn’t mean that everybody stopped using them. It doesn’t mean that people have shown less interest in these financial methods as well. It’s just the popularity that waned but there are still hundred thousands of users around the world. Move everything to Southeast Asia and visit Singapore and try doing business there. Or maybe you can take out some investment money and start a second “wallet” over there. A small amount could do and see how it grows or reacts as time goes by.

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