UNDERSTANDING CRYPTOCURRENCIES AND WHY I INVEST

UNDERSTANDING CRYPTOCURRENCIES AND WHY I INVEST

Written by Sharyn Steele

It’s incredible. When I dipped my toe in the cryptocurrency market three years ago, there was no way of knowing that an ensuing coronavirus pandemic would become a key catalyst to shifting the global market. Who would’ve thought that 2020 would see so many businesses shutting down, with others
forced to downsize?

Many of you are like me, and see an alternative source of income as absolutely essential to making ends meet. During these uncertain days, I have found that investing in cryptocurrency has many advantages. And, as Bitcoin is completely transferrable, you can make purchases with it through PayPal, Cash App, and other forms of mobile payment.

I invest in Forex and Bitcoin to earn money, and I am making a significant return. The good news is that you can, too! Individuals who want to generate extra income or save themselves from potential layoffs can now learn Forex Trading, Bitcoin, and Cryptocurrency investing in the comfort of their home. I am currently teaching people how to discover the skillset needed to sustain their families and build wealth. These days, I am particularly encouraging African-Americans and Women to learn more about investing and wealth management.

Here is what I know about Forex Trading, Cryptocurrency, and Market Forecasts:

Foreign Exchange (Forex) Trading
Forex trading, if done properly, can be extremely profitable. The forex market is globally decentralized and it is the most liquid market in the world that is open 24/7. Using leverage, investors can trade a large amount of money with very little equity of their own, which means that the potential of generating a profit is massive.

Cryptocurrency
This digital asset is designed to work as a medium of exchange. There are many digital cryptocurrencies available for investing. Some popular ones include Bitcoin, Ethereum, XRP, Tether, Litecoin, Ripple.

Bitcoin Investing
Although there is a lot of volatility in the market, at the current rate of return, there has never been a better time to invest in Bitcoin. Bitcoin’s value has been fluctuating since its existence. But the value of it has appreciated massively since 2009 when it was released as an open-sourced software. Bitcoin has increased by about 195% year-to-date, trading near $55,000 at the time of this writing. Analysts are predicting that Bitcoin’s value can rise as high as $400,000 to $500,000 in the near future due to the scarce supply and high demand for the cryptocurrency.

Market Forecasts
Trading, be it Forex or Cryptocurrency trading, requires training to understand the market and identify trends based on the available information and prediction. The introduction of the coronavirus vaccine is likely to push markets upward, particularly cryptocurrency markets. Trading forex and cryptocurrency can be highly profitable. As store merchants and banks opt for digital wallets and online payments over off-line payments,
advancements in AI and blockchain technology are revolutionizing the industry.

If you would like to learn about the advantages of cryptocurrency and how investing has impacted my life, contact me at bgfn@sharynsteele.com.
Sharyn Steele is a Foreign Trade Specialist at IM Mastery Academy. She is also the Founder and CEO of #BusinessGirlfriends, a global online network designed to help entrepreneurs transition to greater success. As a Financial Resources Coach, Sharyn specializes in helping clients achieve long-term goals and objectives. She can be reached directly at bgfn@sharynsteele.com. For more, visit www.sharynsteele.com.

Source: www.VasajCommunications.com

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