Unless you've been living under a rock, you've probably at least heard of cryptocurrency by now. Bitcoin and a growing number of other cryptocurrencies continue to grow in popularity. If you are beginning to wonder if you should get in the action by looking for a way to buy BTC cryptocurrency, you're not alone. Bitcoin and even some other cryptocurrencies are not as speculative of a play as they used to be. Here are just some of the reasons why making a cryptocurrency purchase today might be a good idea for your portfolio or your wallet.
You Might Get a Lower Price If You Actually Spend It On Something
When cryptocurrency first went mainstream, it was mostly seen as a long-term investment option. But today, more and more merchants are accepting cryptocurrency as a viable payment option. As time goes on, you may continue to see bigger and bigger businesses go down this path. In fact, some businesses today are even offering a slight discount if you pay with specific cryptocurrencies when compared to paying in cash. Of course, the value of Bitcoin compared to cash can change rapidly, but it's still possible to get a deal if you pay attention to both ongoing sales offers and the crypto market.
Cryptocurrency Is Worldwide
One of the reasons cryptocurrency is so popular as payment when paying for a service online is that whatever crypto is worth to you at that moment in time, it's worth exactly the same to the person on the other side of the transaction who might live in a different country. Yes, crypto prices can go up and down of course, but you won't have to deal with any exchange rate calculations when dealing with an international party.
As an Investment, It's Another Form of Diversification
If you are wondering if cryptocurrency still makes a good investment opportunity, look at it this way. Traditional financial advisors will always tell you to diversify your stock market portfolio, right? Well, owning some crypto is another way to spread your funds around. It's also a way to increase the odds that you'll still have at least something if the entire stock market were to go into a downward spiral because your crypto is traded independently of your traditional investments. You don't want to put more into crypto than you can afford to lose of course, but that's true of any investment, and going this route for additional diversification can give you some better peace of mind about how your funds are allocated.Share