For newbies Dec 23, 2020

Buying cryptocurrencies: is it a good idea

Having understood the main benefits and advantages that cryptocurrencies bring with them, you will understand why the crypto industry is developing at a rapid pace, and the number of crypto investors is steadily growing.

Cryptocurrency and blockchain technology have taken over the world, so it’s no surprise that more and more people are turning to crypto investments.

There are various reasons why people invest in crypto to achieve their financial goals. However, there are those who invest in the crypto market for other reasons.

Here are the top 15 reasons why every investor should have crypto assets in their portfolio.

  • Cryptocurrencies have revolutionized our world

A little over a decade has passed since the launch of Bitcoin, the first ever crypto asset. However, thousands of technical advances, innovations and changes have already taken place in the dynamic world of crypto trading.

Due to their decentralized nature, cryptocurrencies have transformed traditional financial systems to the point of no return, facilitating transactions beyond borders at low costs and fast processing times.

The good news is that the need for Central banks is kept to a minimum, giving investors considerable freedom and control over their financial data and money.

Crypto-investing is not a whim of the Millennium, but a reality: cryptocurrencies are not going anywhere, and they are worth investing in. The number of crypto projects is growing, and according to the data, there are more than 5,000 cryptocurrencies in which you can invest.

  • Crypto-currencies have a high liquidity

There is another good reason to invest in crypto. The world of cryptocurrency trading is characterized by high liquidity, which means that it is easy to buy and sell.

For example, when it comes to Bitcoin, there is always a high demand for the king of all cryptocurrencies. Data shows that the number of crypto wallets increased to more than 54 million in 2020.

Not only ambitious investors, but also large businesses are ready to buy and sell crypto assets. Crypto trading is very accessible today.

  • Investments that can lead to high returns

Perhaps the main motivator of people to invest in the crypto market is the opportunity to make a profit. Whether you like it or not, money turns our world around, and is one of the main reasons to invest in crypto as well.

Although crypto trading is relatively new, it can lead to higher returns compared to other assets such as stocks. Cryptocurrencies are very volatile, which means that you can potentially get a high profit from a single transaction.

At the same time, let’s not forget that volatility also means that traders can lose everything in a second. Therefore, you should always consider the potential risks.

  • Cryptocurrency gives you independence and flexibility

Whether you choose to invest in Ethereum or Tezos, your funds are yours alone. As stated above, cryptocurrencies do not rely on banks with exorbitant fees.

What’s more, the crypto market is open 24/7, so you don’t have to worry about opening times. You can choose when and how you want to buy and sell. Isn’t that a good reason to invest?

It is up to you to decide how to organize your time and manage your trading. You can trade both full and part-time; you can also trade anywhere, anytime, and however you want. Isn’t that cool?

  • Diversifying your portfolio

Even if you are not a crypto enthusiast, investing in crypto is a great option to diversify your portfolio.

What is portfolio diversification? It’s just a great way to reduce risk by allocating your investments and exploring different assets. You can’t put all your eggs in one basket, can you?

Since cryptocurrencies don’t usually move with assets like bonds and stocks, investing in them is a smart way to establish yourself as a successful trader in today’s dynamic and ever – changing world of Finance.

  • Unlimited coin selection

While no one questions Bitcoin’s credibility in the world of crypto investment, the truth is that there are thousands of altcoins that can be bought and sold. You have an unlimited selection of coins that will help you diversify your portfolio and potentially increase your capital.

While some undervalued coins can be a difficult investment, others are worth considering, and are a good reason to invest. Experts believe that some of the best cryptocurrencies that will increase in value next year are Ethereum, Ripple, Tezos, Tether, Monero and Bitcoin Cash.

  • The future of cryptocurrencies seems bright

The future of cryptocurrency seems bright. Although we all know that crypto is very volatile, investing in it can be a safer and more promising alternative, compared to other assets.

Take, for example, the BTC. It had a complicated history, and was even repeatedly declared dead. For example, in 2017, Bitcoin reached a new record high of $ 20,000, and in 2018 it fell below $ 5,000. However, the asset has experienced its ups and downs, and continues to thrive during the ongoing pandemic at the current price of $ 23,200, so investors are very positive about its future.

In fact, many believe that investing in Bitcoin in times of financial uncertainty is safer. As the co-founder of Snappa (a leading canadian software company) Gimmer said: “Would you rather save money in a currency whose supply increases every year? Or would you prefer to save in a currency whose final delivery is recorded programmatically? Fortunately, I believe we now have a much more advanced savings technology. This technology is Bitcoin.”

  • Security and transparency of the cryptocurrency offer

While many people still associate cryptocurrencies with illegal activities and notorious scams like OneCoin, investing in crypto is a promising venture, and more and more people are trusting it rather than Fiat currencies.

On top of that, many coins are based on blockchain technology, which is almost impossible to crack. Blockchain transactions are encrypted, signed with a private key, and verified with a public key. At the same time, the technology offers a high level of transparency, which is another important reason for investment.

  • Blockchain technology can change the world

You don’t have to be a blockchain developer to see the potential of cryptocurrencies and blockchain beyond crypto trading.

With the growing use of smart contracts and decentralized applications, blockchain technology can benefit various sectors, including gaming, medicine, business and voting. Just ask any gamer about the impressive innovations that blockchain-based technology can bring to the world of gaming and digital ownership!

In particular, during the ongoing pandemic, more and more people are turning to blockchain and digital payments to reduce the risk of new outbreaks. Data shows an increase in crypto app downloads during the COVID-19 lockdown in 2020. Now even skeptics and strict governments are more positive about cryptocurrencies, and the rules are becoming much clearer.

  • Everyone is moving towards crypto, even the Wall Street

With the growing interest in cryptocurrency around the world, more and more organizations are switching to cryptocurrency. For example, Ripple is an impressive coin used by many large financial organizations. Let’s not forget that unlike the current SWIFT system used for international payments, Ripple allows users to send money abroad with low costs and fast processing time.

Believe it or not, two of the world’s leading crypto exchanges, Gemini and Coinbase, are now banking clients of us giant JPMorgan.

Many governments are also switching to cryptocurrency. While many are trying to develop their own digital currencies of Central banks, others (such as Italy) have recognized the heredity of Bitcoin. Interest in crypto investing is also growing in emerging markets such as Kenya and South Africa.

Major merchants such as Virgin Galactic and Microsoft also accept payments in crypto assets.

  • Learn new skills

Whether you decide to buy BTC or trade different crypto pairs, the truth is that you need to master the art of crypto investing.

Even if you don’t become a millionaire by investing in cryptocurrency, your training will have a positive impact on your trading skills and financial decisions. From day trading strategies to tips on trading psychology, learning about crypto investing is more than valuable and worthy.

In addition to trying to improve your financial skills, you will also be able to improve your discipline, emotional self-control, and habits. After all, learning is knowledge for life.

  • Investing has never been easier

It has never been easier to invest in crypto assets. Today’s world is based on technology that allows people from all sectors of society to learn about the cryptocurrency. From online courses to books on the psychology of trading, you can learn cryptocurrencies for free.

The volume of trading information today is impressive. More and more websites and forums provide valuable information about cryptocurrency and quickly expose fraud. You can easily find a coach, or learn from the best in your field. Just look at some of the famous crypto traders and their success stories.

Online platforms and smart devices make it easier to invest in crypto: all you need to do is open an account, Deposit funds and start trading.

  • Low entry threshold

While some types of investments, such as stocks and real estate, require a large initial capital to start investing, cryptocurrency has a low entry threshold. Isn’t that a great reason to invest?

The good news is that many platforms do not require large amounts to start buying and selling assets. And no, there is no need for complex and time-consuming procedures and burdensome paperwork.

  • Exchanges are safe and offer valuable tools

Although we all remember the tragic story of the infamous Japanese exchange Mt. Gox, the good news is that exchanges are becoming more secure today, and some may even reimburse victims for the loss of funds in the event of a hack.

Today, a trader can find a reliable exchange that will allow him to start trading digital assets. The trader can also find a reliable broker to help him trade (a great option for beginners).

Trading tools have become much more convenient than before, and crypto sites help investors keep up to date with news about the cryptocurrency, and major events in the industry.

  • It’s never too late to invest in cryptocurrencies

Whether you are a successful crypto investor or an enthusiast, it is never too late to start investing in crypto. While some believe that the time to make millions (like some of the industry’s early adopters) has passed, the truth is that crypto investing is still a hot topic.

In fact, cryptocurrency and blockchain have a long way to go, so even in 2021, a trader can still be considered an early adopter. The feeling of investing in something so innovative is simply amazing!

SPACEBOT

Author of the article

How to listing my coin/token to the SPACEBOT?

Application Form for Listing

Please Kindly Answer the Following Questions:

  1. 1. Coin Recommender
    1. 1.1 Anyone Introduces You to SPACEBOT?
    2. 1.2 Referral’s Name, Mailbox, Telegram Account
  2. 2. Introduction of the Project
    1. 2.1 Name of Project, supporting both Russian and English
    2. 2.2 Official Website
    3. 2.3 Documentation link (api for developers)
    4. 2.4 Symbol (url: coinmarketcap.com,coinpaprika.com etc.) ATTENTION: It’s a prerequisite! If information about your coin is not available on this resource, we can agreed and list it on coinmarketrate.com. Listing price from 10 ETH.
    5. 2.5 Offering Price (url: coinmarketcap.com,coinpaprika.com etc.)
    6. 2.6 Total Fundraising Amount (url: coinmarketcap.com,coinpaprika.com etc.)
    7. 2.7 Brief Introduction of your Project Covering its Positioning, Features , etc.
    8. 2.8 Expected Trading Pairs against BTC, USDT, ETH (url: coinmarketcap.com,coinpaprika.com etc.)
    9. 2.9 Anyone in Charge of the Project
    10. 2.10 Contact of Project Manager
    11. 2.11 Project promotion Channel like Website, Wechat Official Account, Twitter, etc.
    12. 2.12 Attachment of Source File of Token Logo
    13. 2.13 Is the Project Tokens Based on ERC20 (or other blockchain)?
    14. 2.14 Any Market Value Management?
  3. 3. Project Marketing ant Its Users Scale
    1. 3.1 Expected Listing Date
    2. 3.2 Users Community in Telegram, Twitter, Reddit, Slack, WeChat, QQ Group , etc. and Its Links and Scale
    3. 3.3 Media Reports and Links
    4. 3.4 Time and Place of Roadshow or Other Marketing Campaign?
    5. 3.5 Marketing Budget on SPACEBOT and Token price establishing margin
  4. 4. Qualifications
    1. 4.1 Basic Information of Team Members
    2. 4.2 Consultants or Public Figures
    3. 4.3 Early Investment
    4. 4.4 Whether Listed on Quote Platform,such as Feixiaohao ,CoinMarketCap, etc.
  5. 1. Notes for Listing
  6. 2. SPACEBOT the unique software, for co-production of cryptocerrency. SPACEBOT provides an opportunity to get a monthly increase in the productivity of the cryptovoltaic minting of PRIZM, BIP and other cryptocurrency due to the total increase of the balance in the network of blockages through the “Proof-of-Stake” system.
  7. 3. SPACEBOT is only responsible for verification of authenticity and legitimacy of projects. SPACEBOT will not evaluate the project, and not provide any moral and value endorsement. The digital assets team will take full responsibility for all illegal irregularities such as illegal fund-raising, pyramid selling, money laundering, gambling, drug abuse, fraud, being banker of the asset, etc.
  8. 4. The digital asset teams need to make preventive measure with SPACEBOT to keep away from crushing the market. Otherwise we will end the cooperation.
  9. 5. SPACEBOT will remove the project from the list if : The dissolution of team keeps our client away from mining, transferring, block inquiring, etc. No investors trade, hold, use this token; technical failure which affect mining, transferring, block inquiring, etc. The team has some illegal irregularities such as illegal fund-raising, pyramid selling, money laundering, gambling, drug abuse, fraud, being banker of the asset, etc.

How to register a new users on SPACEBOT?

Registration on SPACEBOT is available only via the referral link which you can get after bonding 100 coins to the pool.

In order to get the link through the Telegram bot:
1. Send 100 coins to the wallet given by the bot: Wallet – Deposit
2. Bond 100 coins to the pool: Wallet – Deposit for paramining
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your referral link and invite new users

In order to get the link through iOS/Android:
1. Send 100 coins to the wallet given by the App: Home screen – Refill
2. Bond 100 coins to the pool: Home scren – Bond
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your link and invite new users

How to install the iOS App?

To install the App

1. Follow the link:

https://apps.apple.com/ru/app/spacebot/id1498907599

2. Сlick ‘Install’ and follow the standard steps to install the App on your device

3. If you are a new user – press ‘Register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)

4. If you already have your SPACEBOT Telegram account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’ section.

How to install Android App?

To install the App:
1. Follow the link:

https://play.google.com/store/apps/details?id=space.bot.mobile

2. Press ‘install’ and follow the standard steps to install the App on your device.

3. If you are a new user – press ‘register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)

4. If you already have your Telegram SPACEBOT account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’

How to top up your balance?

Top up your balance with Telegram bot:
1. Go to ‘Wallet’ section
2. Press ‘Deposit’
3. Copy the wallets sent to you (be careful not to copy extra symbols)
4. Transfer coins to the copied wallet adress

Top up your balance with iOS/Android App:
1. Press ‘Top up’ on the mail screen
2. Copy the wallets sent to you (be careful not to copy extra symbols)
3. Transfer coins to the copied wallet adress

* Track transaction on the blockchain:
PRIZM – https://prizmexplorer.com
BIP/BTT – https://explorer.minter.network

**Please note that depositing of coins requires certain number of confirmations in the network and it takes time to process a transaction with our algorightm

***Also note that many exchanges and wallets services carry out transfers with delay (on some exchanges it can take up to 72 hours), and you shouldn`t worry since this is a stadard procedure.