So Why Invest In Blockchain Or Crypto?
With all the current price drops you might be thinking is crypto or blockchain worth my money and time? The question is not really should I invest to make money, but instead do I believe in the technology and its ideals.
First of all, it’s important to mention that blockchain is the base tec, crypto is just one very small use case for the technology. In the last year, we have seen other projects that have made use of non-fungible tokens not just for gaming or art as we are but for more basic infrastructure use cases.
In 2018 blockchain started to see its real-world use cases outside of investment and currency in supply chain tracking and banking adopted by large banks such a JP Morgan, parallel to this we have also had a rather bumpy ride when it comes to price a lot of new investors have been knocked out of the market due to the price drop. While 20k to 3500 may seem like a huge drop it’s not at least in terms of percent and historic drops that bitcoin has seen, the 2014 mt gox hack being the biggest drop in terms of a percent that crypto has faced.
So what does all this mean for investing in crypto well not much other than if you are going to get involved with this new industry whether it be an investment or to jump in and start a blockchain business you need to have two things; money that you don’t mind losing and a strong constitution. Expect not to make money right away it could take years for bitcoin to go back above 20k but it will.
So why invest well let’s spell it out and say what most others in the blockchain community wont. The reason that you should invest in blockchain and bitcoin is that you believe in the libertarian ideals that this technology promotes. Don’t trust banks? Don’t believe that the government should be involved in your finances? Don’t think payment processers should be able to block people? Finally, do you believe that you should be a free and independent person that doesn’t answer to banks or governments or even the established monopoly’s well then crypto is for you or to be more exact bitcoin, Litecoin or dash.
Hate bureaucracy think humans make any process costly and inefficient well then get yourself some etheurem.
Crypto is a political movement money for the people by the people.
In my next article, I’m going to cover the pros and cons of this tec as while it was started as something that can free people as with all tec it can sneak up on us.
Welcome to the infowar 😉