If you ask some people the reason they invested in bitcoin they tell you because they heard it’s the latest investment and you can make a lot of money off it. But they fail to get the clearer picture of what Bitcoin is and how bitcoin is a savings and freedom technology that is here to save us from fiat which is a debt and enslavement technology.
They fail to understand how flawed and faulty the current banking system is. The banking system is a power monopoly institute that can manipulate the economy. They increase monetary supply thereby bringing about inflation and this affects the people. The interest rate policy they implement is always hurting borrowers. When they claim to curb inflation it leads to unemployment. Faults upon faults. Corruption is easily done through the normal banking system as corrupt records can be hacked and deleted. Some corrupt leaders in some countries print money in their various houses. This is where blockchain comes in.
The next thing is to know what blockchain is and how it works. Blockchain is system that records information or digital ledger of transactions that is transparent which makes it difficult or impossible to change, hack or cheat the system. Every block in the chain has a number of transactions so anytime a transaction is performed, a record of the transaction is added to every participant’s ledger. For more information on Blockchain
Blockchain makes decentralized transactions easy and secure. It makes transaction fees easy and cheap to transfer unlike banks that charges you a big percent of your money for transaction.
You need to understand that crypto currency is here to solve money problems especially problems created by the leaders. It has helped countries with economy collapses such as Venezuela due to inflation. After cryptocurrency was adopted by its citizens, they were able to stay afloat during inflation. It has helped to reduced the ease and cost of money transfers. These days you hardly see people carrying physical cash or moving cash from one place to another. With crypto all these can be solved.
Lastly know the difference between investing and speculating. I will give you an insight, buying an Altcoin or bitcoin is investing while buying shitcoins is speculating. When you do your research on a project and it shows a high probability of success but with a good amount of profit and you put your money in it that’s investing. But when you put your money in a project that looks like a failure but might give you an enormous amount of profit that’s speculation. The difference is the amount of risk involved.