Is Cryptocurrency A Good Investment - Votan Ventures

Is Cryptocurrency A Good Investment ?
Cryptocurrency is a form of virtual currency where instead of the government you are in
total control of your money and data. Free from unnecessary overwatch, no body is able to
sell your data for money, you are not paying unnecessary taxes on every payment and each
of the payment is 100% secure as this is an immutable ledger. When you purchase
cryptocurrency, you purchase a digital asset based on an algorithm. This is virtual money
depicted as tokens. Your token represents a specified amount of cryptocurrency that you
own according to the present market value. This token can be sold or redeemed at market
value.
How did crypto change the way of buying things ?
Crypto currency is free from the claws of government and banks, you will be able to directly
trade crypto for any services you need with ease. For example, on international payments
bank hold on to your money to gain interests on conversion charges for atleast 2-3 days but
crypto payments are instant. Crypto currency is subject to market risk, the value is based
on supply and demand. If the value for any coin goes down you will lose your money so it is
better to invest into the right ones and to convert you money to a stable coin on the right
time.
Are cryptocurrencies legal ?
Yes, They are legal. Bitcoin and other crypto currencies are 100% safe as the wallet can
only be used by a private key which is not required to be shared with anyone at any point. In
the beginning, the government had some problems to accept the idea as they would not be
able to watch who has how much money in their account, sell the user data and were
scared as people may start keeping their savings into crypto instead of the banks which
makes them lose control. But they had no reason to ban crypto as all these activities were
hidden from the users. So they had no option but to make it legal.
How to trade with crypto and no money ?
Trading is a concept where you exchange one thing in return of another. You definitely need
money to start trading. Although there are different mechanisms where you can earn crypto
directly without investing a penny such as mining and staking and using reward-based
applications. Some crypto is available to buy in the United States dollars, others require
you to pay using bitcoin or other cryptocurrencies.
If you're buying cryptocurrency, You will require a Wallet a web-based application that can
hold your currency. Typically, you create an account at a trade, so you can transfer real
money to purchase cryptocurrencies like Bitcoin or Ripple XRP.
How many popular crypto currencies are there in the marketplace?

Over 20,000+ different cryptocurrencies are traded publicly. With few obstacles to
overcome, just about everyone who understands blockchain technology can launch their
own cryptocurrency if they are so prone. These are the most popular crypto currencies in
the marketplace: -
• Bitcoin
• Ethereum
• Ripple XRP
• Litecoin
• NEO
• IOTA
• Matic(polygon)
• Qtum
• Shiba
• Doge
• XLM
Is cryptocurrency Safe? Can Cryptocurrency be securely invested in?
Bitcoin and other crypto currencies are 100% safe as the wallet can only be used by a
private key which is not required to be shared with anyone at any point. You will have only
your private key by which you can check your balance on any wallet. The benefits of having
a decentralized network are that the server can never be down. If one node goes down,
the rest are still available. Cryptocurrency uses POW to verify transactions, you can simply
send X amount of money to anyone and let the blockchain take care of the rest. In other
words, the government has no control on your account, it is a decentralized network where
only you own your account. Moreover, only your address has the value so government
cannot trace it back to you.
Conclusion: -
Crypto currency is subject to market risk, the value is based on supply and demand. If
the value for any coin goes down, you will lose your money; so its better to invest into the
right ones and to convert your money to a stable coin on the right time. Bitcoin and other
crypto currencies are 100% safe as the wallet. It is as easy as it gets, you can download
any application and trade within seconds. The benefits of having a decentralized network
are that the server can never be down. If one node goes down the rest are still available.
Infact, you can convert BTC to cash via many crypto exchanges. There are even crypto
ATMs being setup so that you can directly cash the money.