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We all have that friend who is constantly talking about the reasons why everyone should get into crypto. That friend who is always telling you about how much money he made over the last few months, who will keep talking about how crypto is changing the game, and who will make bold claims about how we have barely scratched the surface of decentralized finance’s potential. No one likes to hear the same old tune over and over again, but the truth is that your friend who keeps talking about crypto is right.
As we head into 2022, we are entering uncharted waters in so many ways. Things have changed drastically in the last two years, and it is becoming clearer and clear that the old way of doing business is during a generational shake-up. The events of 2021 have pushed many businesses towards a new way of doing things, and crypto is right at the forefront of that charge. However, there are still a lot of lingering misconceptions surrounding cryptocurrency that can lead to some hesitation. If you feel like you want to dip your toe into these waters, but you need a little more convincing, here are just a few reasons why 2022 is the right time to dive in.
Cryptocurrency Is Not Going Anywhere
One of the most popular theories that people who are anti-crypto like to put around is that cryptocurrency is just a flash in the pan. There’s a reason why the traditional methods have been around for so long, and anything that tries to do things different is never going to last. However, these people have been singing the same old tired song for going on a decade now, and crypto has only gone from strength to strength.
The technology around it continues to evolve and more and more exciting minds are being drawn to it. And what’s more, there are more and more cryptocurrency coins hitting the digital market. Major world events can have an impact that no one could have predicted. You can always play it safe by dealing in established coins, or you can roll the dice and see how far a new one can take you.
Cryptocurrency Is Getting More Mainstream
It has long been the case that people have assumed that cryptocurrency was something for the IT geniuses, the people who spent their days in front of a computer screen. While this group may have been the ones to create cryptocurrency and to continue to push it into the future, what we have seen over the last few years is a real swing towards the mainstream. It’s not just Jack Dorsey who is looking to spend more time with crypto. These days, you can pay for purchases using Bitcoin in stores. Major banks are allowing their clients to invest cryptocurrency with them. That picture of someone using Bitcoin to pay for their Subway may have gone viral, but where you will really notice the difference is in online business. Cryptocurrency allows small businesses to conduct their transactions without having to worry about paying international fees.
Buying And Selling Cryptocurrency Is Getting Easier
If one of the reasons why you have been reluctant to get into crypto trading and investing is that you are not really sure how or where you would start, then we have some good news. Following the increasing mainstreaming of cryptocurrency, it has become increasingly accessible for everyone. It has never been easier to get started. All you need to do is to find a cryptocurrency exchange that is right for you. Make sure that you find one that has plenty of advice and resources if you are just starting out. If you want to make sure that your transaction is completely secure, then you can even pay using PayPal.
We do not need to tell you that PayPal is one of the most popular methods of conducting online transactions because it is so secure, and you can buy Bitcoin with PayPal on the Paxful marketplace. Paxful offers over 350 different ways to buy and sell Bitcoin, with thousands of trusted offers and six million happy users.
Cryptocurrency Is Still Evolving
One of the most exciting aspects of cryptocurrency is that it feels like we have barely scratched the surface of where it can go in the future. The blockchain technology involved is enticing for big businesses and game-changing corporations that are continuing to invest in its development. You may have seen the ongoing news about Facebook trying to launch their own cryptocurrency, but the impact of crypto goes far beyond social media. Even healthcare could see massive developments.
We are seeing companies investing literally hundreds of millions of dollars into cryptocurrency, putting all their chips on the bet that this is the wave of the future. What that means is that as technology moves forward, so will cryptocurrency, so you do not need to worry that you have somehow missed the boat.
Cryptocurrency Trading Can Yield Big Returns
You will often hear detractors of cryptocurrency talking about its stock market volatility. They will point to the lows that it can reach seemingly without warning and tell you that this is why investing in crypto is a bad idea. But the flipside is what keeps everyone from the richest people in the world to people trading out of their parents’ basements keeping their eyes peeled for the latest developments and the newest coins. Cryptocurrency is volatile, that is for certain, but there are tremendous rewards to be had. You need to make sure that you do your research to avoid classic mistakes, but there is more good news here.
As a result of all that aforementioned mainstreaming, you can find more resources than ever before to help you learn the safest or most profitable way to deal in crypto. The fact is that investing in crypto is much like getting into any stock on the market. You need to do your homework, you need to have enough time to dedicate to watching the market, and you need to think with both your head and your gut when it comes to buying or selling in a hurry.