In the last decade, we have witnessed the failures of a centralized finance system. Because of inefficiencies in cross-border transactions, the housing bubble in 2008, and billions of people globally who remain unbanked, Bitcoin was publicly introduced in 2008. Bitcoin was presented as an alternative to a centralized system. This digital currency introduces a mix of technology (blockchain) and economics (deflationary in nature). Bitcoin has been the best performing asset class for the past decade. Not only retail investors but institutional investors as well have recognized that Bitcoin and other digital currencies shifted humanity into a huge financial revolution.
Source: Yahoo Finance
Many people think of digital currencies as technological innovations. In a sense, they’re right, however, Bitcoin should be considered as a mix of technological innovation and economics. On the technological side, it’s a decentralized, peer-to-peer network that allows two individuals to ensure transactions without an intermediary. The economics part is, that it was programmed to have a limited supply of 21 million coins unlike the US dollar, where the government can add more bills into circulation. One of the most popular Bitcoin enthusiasts in the crypto community is Michael Saylor, CEO of MicroStrategy. Due to the characteristics of Bitcoin and the current macroeconomic trend, Mr. Saylor decided to convert part of MicroStrategy’s balance sheet into Bitcoin.
“Bitcoin is a way to transfer value through both time and space.
Gold helps people transfer value through time, but not so easily
through space, and fiat currency is not good at transferring
value through time because its constantly inflating, however, is
usable in the sense of being transferrable through space.”
Source: Saylor Academy Website
Bitcoin is the most portable store of value and wealth known to man. With a small cold-storage wallet like the ones offered by Digital Currency Exchange, an investor could travel internationally with millions of dollars in their pocket, purse, or briefcase, and no one would be the wiser. Try that with bars of gold!
With this list of courses, our priority is to focus on making your life easier when it comes to putting your money to work right away. Why? Because we understand that sometimes it may be difficult to wrap your head around this emerging technology. Here, at Digital Currency Exchange, we want to help you create another stream of income that requires minimum effort and little money upfront so whether you are an experienced investor with large amounts of cash or just a student, part-time worker looking to create wealth, you have the knowledge and tools that are necessary to take a huge advantage of and be an early adopter of the cryptocurrency wave.
We don’t think so! There are many stories from people who became
successful because of their early investment in Bitcoin. Many of
these investors did not invest a lump sum at the beginning.
Instead, they started to invest in small amounts.
What they applied is one of the most powerful investment techniques called “Dollar Cost Average.” This means that people invested a set dollar amount regularly no matter if the price went down or up. This technique allowed many of these investors to buy Bitcoin at a discount when the coin suffered a correction. By keeping this investment technique, these investors took advantage of compounding interests.
Albert Einstein was once asked what mankind’s greatest invention was, he replied: “Compound Interest”
Past performance is not indicative of future success. As with investing in anything, Bitcoin and other digital currencies carry risk and we do highly recommend investors to do extra research. Your investment in Bitcoin and other digital currencies should be proportional to your level of understanding of this new asset class. Digital Currency Exchange is not and cannot be held liable for losses suffered on any of our platforms and products due to user error. We do not replace or reimburse for loss of cryptocurrencies of any sort. We are not a financial advisor. Everything you see in this website is for educational and informational purposes only.