7 Reasons Why You Should Invest in Bitcoins, Cryptocurrencies and ICO’s

2017 is a year of cryptocurrency. According to CoinDesk data, to date, more than 2.3 billion dollars have been raised via ICOs in 2017. All of this crypto craze has divided people into two camps. On one side there are people such as Bill Gates, Richard Branson and Eric Schmidt, who are fascinated by Bitcoin, cryptocurrencies and opportunities blockchain offers. On the other side, there are people like Jamie Dimon, the CEO of JP Morgan, who state that bitcoin is not worth more than the tulip bulbs, referring to the famous tulip market bubble back in 1600’s.

Despite that, celebrities opinions on the matter tend to waver like the bitcoin price itself. Even Mark Cuban one day can openly criticize bitcoin, and back $20 million cryptocurrency venture fund the next day.

As the investments pile up, cryptocurrency hype seems to be contagious. What attracts people to invest in cryptocurrencies and why? Here are seven sound reasons why you should participate in ICO’s, bitcoin and other blockchain-based trades.

Cryptocurrencies bring power back to the people

Blockchain technology promises to be the next big thing since the invention of the internet. According to Don and Alex Tapscott’s, the authors of the book “Blockchain Revolution”, it is very likely to change the way many industries operate.

Blockchain, the technology of distributed ledgers, widely known as the system behind Bitcoin and other cryptocurrencies is perceived as one of the most disruptive technologies of our time. Although to date most people still see it as a financial vehicle, it could potentially change the way governments, contracts, cybersecurity, advertising and the entire societies operate. No wonder that so many business leaders a rushing to harness its potential as there are over 1250 different cryptocurrencies to date.

Perhaps the most important perk of blockchain technology is that it removes middlemen and promotes decentralization and transparency. Most of the centralized institutions are prone to hacking, and increasing number of cyber-attacks don’t sound too encouraging. However, with blockchain, all transactions are recorded in a public ledger, ensuring systems immunity to fraud and manipulation. The decentralized ledger also cannot be altered after the entry is confirmed, so the network acts as a safeguard against hacker attacks.

Overall, blockchain powered systems seem to offer benefits to everyone. High security, transparency, immutability, trust, removed middlemen and accessibility for everyone takes power away for the centralized institutions and gives it back to the people.

Cryptocurrencies are here to stay

This phrase itself has become the daily mantra of every crypto asset holder. High market volatility makes it a toughening experience even for the seasoned investors. Despite that, the short history shows that the investors who reap most substantial profits are also the ones who are the most patient ones. Ability to see the long-term view and ignore daily fluctuations is difficult to master and easy to overlook.

Crypto market capacity keeps on growing, as crypto’s become an increasingly attractive safety haven for investors from all over the globe. Bitcoin, Ethereum and Ripple has withstood various economic downturns and are being adopted more and more. For example, more and more leading banks enjoy using Ripple in their daily operations. Also, the recent rise in bitcoin’s value also lays the foundation for its adoption. Ethereum, one of the younger leading currencies have also made its mark during the surge of ICO’s.

ICOs are another point of blockchain impact. From now on, any group of talented entrepreneurs can just come together and gain access to thousands of individual investors by making a peer-to-peer crowd sale. Funding without venture capital, investment banks or even crowdfunding platforms such as IndieGoGo or Kickstarter also offers a massive opportunity to the investors, who may support their favorite products and services without any third-party intervention.

As crypto asset adoption spreads, it assures that coins of today will gain enormous value tomorrow, as these are the coins that are here to stay.

ICOs promise high returns for the investors

You’re probably aware that if you had invested €1000 in Bitcoin back in 2011 January, you would have earned over € 27 million. If you were to do so one year ago, you would still have gained around €8000 and if you had done it one month ago, you would have enjoyed 65% ROI, profiting €650 euros.

However, you haven’t missed the boat yet. Even now there are plenty of other opportunities to achieve a skyrocketing ROI with cryptos and especially with ICO’s.

Although not all Initial Coin Offerings are successful, legitimate products do enjoy special attention and remarkable ROI for token investors. According to ICO performance tracker ICOstats.com, many altcoins have increased their value significantly. The examples include (as of November 4th, 2017):

· Ethereum + 97079%

· NEO + 85680%

· IOTA + 85405%

· Spectrecoin +46186%

· Ark +25862%

It’s shocking to think that the ICO price of Ethereum was just $0.31. Skeptics may say that Ehereum has gained its value over several years, but entering ICO can yield profit even during shorter periods of time. For instance, the initial coin offering of Spectrecoin took place almost a year ago (November 20, 2016) and its launching price was only $0.001. If you had invested $100 at the time, now it would be worth around $37,000.

Here is how some of the ICO’s that took place in the past few months are doing:

The regulations are emerging (and it’s a good thing)

Some crypto traders regard regulations as obstacles to successful crypto adoption. As China’s ICO ban has shown, the market is susceptible to the fear of regulations, as the price of most cryptocurrencies had been falling for an entire September.

However, the regulations are necessary and provides a much-needed security for the investors. Proper controls should guarantee at least a basic level of protection, as a portion of ICOs have turned out to be pump and dump scams. Better management indeed should act as a catalyst for the investors.

European Central Bank has not yet mentioned what restrictions and regulations might be introduced, but as cryptocurrencies and ICO craze gains traction, it is just a matter of time until its rules are established.

Altcoin technologies will grow faster than you know

A lot of early adopters have already made loads of money with Bitcoin and other coins. While it is partly right, this shared knowledge also causes an adverse effect on the market, as the majority of investors think that they already missed the train. Fortunately, this is not entirely true.

Most of the altcoin technologies are still significantly underdeveloped. Bitcoin itself is always evolving, adding new features and much needed technical characteristics. Fresher currencies like Ethereum or NEO are developed at even faster pace. In turn, that adds value to their potential, even though it also makes it somewhat riskier. Not all of the coins are going to succeed and not all of the cryptoassets are worth your money. However, the prevailing ones will undoubtedly make their investors rich along the way.

One of the issues staggering crypto adoption is the vernacular used to describe the blockchain and its financial spaces. Acronyms like ICOs, CDOs or ALT confuse people. The technology and processes behind the systems is not easy to grasp and explain, and engineers who do that are not the best spokespeople for introducing innovations to the masses. The underlying rule here is simple — only the brave people are able to overcome skeptical thoughts about putting money into things which value they do not understand.

Fortunately, an increasing number of marketers are interested in this space. Also, new and easy to use marketplaces are emerging. Better communication and more user-friendly investing environments show that the area is gradually becoming easy to access for everyone.

Developed countries are preparing for Blockchain revolution

Two-way Bitcoin ATM in Toronto, Cananda. Source: Wikipedia Commons. By Cory Doctorow.

Earlier this year, Japan has already passed a law which brings cryptocurrency exchanges under anti-money laundering legislation, simultaneously listing bitcoin as a legal payment method.

Other countries, such as Switzerland, United Kingdom, Denmark and the Netherlands also have strong crypto communities and are considered to be crypto-friendly countries.

Digital payments already are preferred payment option in developed countries. Although cash isn’t going away, the adoption of digital payment technologies is growing, paving the way for the passage of bitcoin and other financial technologies.

Blockchain and its technologies are achieving things that only the most enthusiastic nerds could have imagined years ago. Despite that, it is not too late to jump aboard the crypto train just yet. The chances are that sooner or later most of the people will do it anyway, so why not start early?