It’s no secret that investing has been the golden standard to building long-term wealth. However, Wall Street looks entirely different today than it did even just 10 years ago.
Welcome to the New Age of Investing
Rapid advancements in technology have made investing for the everyday person more accessible than ever. Instead of relying on management firms and brokers whose fees cut into your returns, mobile apps and websites have given people all the tools they need to independently invest towards their future. If that weren’t enough, technology has brought forth a new landscape into the investing world, and it has everyone going wild: cryptocurrency and blockchain.
Cryptocurrency (also known as crypto), is a digital form of currency that has been decentralized for optimal online use. This allows two parties to exchange money without the need for banks or payment processors, resulting in 24/7 instantaneous transfers and lower fees. Crypto is stored in digital wallets called nodes.
Blockchain is the platform on which cryptocurrency exchanges operate on, acting as a digital ledger that records the exchanges of all digital assets. This provides a secure and transparent method of online exchanges to prevent forgery and manipulation from outsiders.
How Cryptocurrencies are Valued
A cryptocurrency’s value is determined by its security, node count and community strength (active traders), its demand to be adopted by the public, and production costs. When the first cryptocurrency, Bitcoin, was created in 2008, it was only worth fractions of a penny. After two years, its value jumped to a year high of $32 – a whopping 3,200% increase. At the time of this writing, Bitcoin is worth a staggering $66,800. This is why crypto has become the most lucrative investing method of the 21st century.
Cryptocurrency is Everywhere
Since Bitcoin’s inception, other cryptocurrencies came into fruition. From reputable and stable coins like Ethereum (ETH) and Solana (SOL), to “meme-coins” that were created as a joke but became volatile-yet-profitable investments, such as Dogecoin (DOGE) and Shiba Inu (SHIB). Today there are over 6,000 crypto coins to invest in, with a variety of platforms and wallets to trade on – even physical ATMs where users can exchange their token!
Choose Your Crypto Wallet
The first step to investing in crypto is opening a secure wallet. Popular options include mobile apps such as Coinbase, Kraken, WeBull, and more. Keep in mind some cryptocurrencies are limited to certain platforms.
Assess Every Cryptocurrency
When you hear about a cryptocurrency exploding in value, chances are it’s too late to enter and reap the same kind of returns it is showing. That’s why it’s crucial to question all aspects of a cryptocoin the same way stocks are evaluated:
- How many people are holding it?
- What problem does it solve?
- Is it associated with a specific industry?
- What’s the market cap?
It’s highly recommended to study charts and discover any cyclical fluctuations of a crypto’s value. Speaking of charts and fluctuations, cryptocurrency – specifically Bitcoin – boasts lucrative gains similar to that of gold in the 1970s-1980s. Check it out for yourself.
In that ten-year span, the value of gold rose exponentially. We’re seeing the same happen with crypto, and right now is the best time to invest in cryptocurrencies and blockchain technologies, especially with the price of coins being cheaper than ever.
Not Ready to Invest In Crypto? Invest in StageWood.
We get it. Crypto and blockchain are brand new in the grand scheme of the economy. Fortunately, you can still invest in companies that are adopting these technologies to reshape their industries. StageWood Consortium, Inc is an entertainment technology company based in Miami, FL that’s revolutionizing the industry through blockchain technology to usher in a new era of transparency and ethical business protocols. By building a framework powered by Smart Contracts, we ensure artists and producers are paid fairly and create a marketplace where fans have an equal chance to purchase tickets to live events. If you’re interested in learning more about the opportunity to invest in a game-changing, tech-based company, click here to contact a rep or call (855)-966-2655.