The world continues to evolve by every passing day. Because of the rapid growth of technology, the concept of digital currency has become popular. Despite uncertainties, some people are more than happy to invest in it. Before going into the reasons why should you invest in cryptocurrency in 2019, let’s first understand what is a cryptocurrency.

Basically cryptocurrency is a digital payment method, that involves no authorities or government in it.

Its fast growth has made people believe that the future of finance is here! Entrepeneurs are also learning about it to make more profit. It is a virtual currency and uses blockchain technology to track value and ownership. Bitcoin was the first blockchain-based currency and it was launched by Satoshi Nakamoto in 2009.

4 Reasons Why You Should Invest In CryptoCurrency in 2019

Simple To Invest

It does not involve any rocket science because its online and easy to track. With little knowledge about how it works, you can invest. You can learn how it works online. There is a plethora of information available in this regard. Also, Various digital wallets are available online to purchase any type of cryptocurrency. As compared to traditional investments, it is far more simpler and easier!

No Minimum Buying Limit

Unlike other profitable investments, there is no minimum investment limit in cryptocurrency. You can invest as per your ease. At the same time, you can go big, if you want to. That is why the cryptocurrency is growing fast!

Cryptocurrency Is The Future

Cryptocurrency is here to stay for a long time because of its flexibility. If you analyze the graph of the past 5 years, you’ll understand better. The current market cap of this industry is $120 billion and still growing. In short,now is the time to invest in it to gain stupendous profits in future!

Retrieve Your Money Anytime

With various wallets available online , you can buy and sell anytime. Furthermore, you can withdraw money 24/7, as many countries now have bitcoin ATMs for this purpose. Because it’s a digital currency, the world is preferring it over traditional currencies. People can trade online, with a simple payment method that is fast and secure!

How To Invest In CryptoCurrency In 2019

To buy any cryptocurrency, firstly you’ll need a wallet. This wallet is not a physical wallet but a virtual one. Everything you buy is stored in your wallet. In the same way, we have currency exchanges, there are cryptocurrency exchanges. You can buy from an exchange or directly from the seller. New investors are reluctant to buy directly because you can’t verify a stranger’s currency.

Most popular exchanges are Coinbase, GDAx, and Bitfinex. You can purchase any digital currency like Bitcoin with a debit card. It’s entirely up to you, how much you want to buy. These exchanges make money by charging fees for conducting transactions. However, if you want to buy directly, there are websites for this purpose as well. For example, LocalBitcoins, Robinhood and Hitbtc.com. In addition, there are more than 4,000 cryptocurrency ATMs in 76 countries. You can also buy any digital currency through one of these!

Also read: HOW TO STOP SLEEP PARALYSIS

Best Cryptocurrencies to Invest In 2019

With the rise of Bitcoin, some other cryptocurrencies have also been introduced in the market. The 5 best cryptocurrencies to invest in 2019 are:

2local (L2L)

2local is an innovative blockchain-powered platform. It encourages sustainability and prosperity for everyone in the world.

Basically, It provides a convenient market place for consumers to connect with companies.

Using their native L2L stablecoins, consumers receive a cashback for local purchases.

The cashback mechanism makes subsequent local easier. Moreover, it is contributing to solving global poverty, hunger, and environmental problems.

Companies who want to be a part of the 2local marketplace can register at 2local.io and complete a questionnaire.

NEO

Although it doesn’t cost much currently, but experts believe it will grow significantly. Because of its strong infrastructure it will soar high in future,. The Chinese government is also interested to join the NEO game. If this happens, it will become one of the profitable cryptocurrencies!

Bitcoin

The list will remain incomplete if I don’t add bitcoin here. Bitcoin is the most popular cryptocurrency and ideal for those who want to play safe. Those investors who are happy with small long-term return on investments, trade bitcoins!

Ethereum

Ethereum was launched in 2015 and since then it has made significant progress. Basically, it is a decentralized software that allows developers to launch decentralized desktop applications. Thousands of tokens run on Etherum network and these tokens spurred the initial coin offering (ICO) movement.

Litecoin

Bitcoin was launched in 2011. It was among the initial cryptocurrencies, following the bitcoin. Charlie Lee, who is an MIT graduate, created it. Like other digital currencies, no central authority controls transactions. It used “scrypt” as proof of work, to carry out safe and reliable transactions. It is similar to Bitcoin because it also has a faster block generation rate. Until February 9, 2019, Litecoin had a market cap of $2.63.

Is Bitcoin Mining Profitable?

Since Bitcoin is the most popular cryptocurrency, you might want to give it a go. Likewise other digital currencies, Bitcoin is also based on block-chain technology. It is safe and fast. Furthermore, you can buy and sell anytime. Similarly, you can retrieve money from any of the Bitcoin ATMs available. In fact, most of the people are unaware of other digital currencies.

Bitcoin mining is only for specialized data centers. These data centers are warehouses, accompanied by computers who mine Bitcoin. To start mining, it costs millions of dollars and the profit is still not guaranteed. However, if you have the investment, time and nous, you may give it a go.

You may have to buy graphics cards that can cost upwards of $700 apiece. Furthermore, you could spend more than $600 in electricity to mine a single bitcoin. And most importantly the computers required to mine are not ordinary, they are designed specifically for this purpose! So, when you think of mining Bitcoins, make sure you have enough to play with if you fail!