Sunday , December 17 2017
Home / Featured / Why You Might Want to up Your Cryptocurrency Game

Why You Might Want to up Your Cryptocurrency Game

Before I give my opinion on virtual currencies, I would like you to see what others are saying about the same topic:

“[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” – Ben Bernanke, Former Chairman of the Federal Reserve

Bitcoin actually has the balance and incentives right, and that is why it is starting to take off” – Julian Assange, Founder of Wikileaks

“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust” – John McAfee, Founder of McAfee

This is some of the “professional” speculation of what is being termed “cryptocurrencies” such as Bitcoin, Ethereum, Litecoin and other similar currencies gaining increased attention over the past eight years. In fact, it is said that there are over 700 cryptocurrencies available throughout the world. If you haven’t heard of cryptocurrencies then you may want to become better informed.

Here are a few highlights for three cryptocurrencies in my cryptoportfolio:

1. As of today, cryptocurrency, Bitcoin (BTC) has gained nearly 44% over the past month.

2. As of today, cryptocurrency, Ethereum (ETH) has more than doubled in value over the last month—from $70.78 to $185.31.

3. Litecoin has seen 50% gains over the last month from $16.40 to $25.21.

Will these gains continue? The owners of these currencies surely hope so. The cryptocurrencies are gaining more than the stock market over the past year, percentage-wise.

This article is not intended to convince you to purchase cryptocurrencies—it is meant for you to be aware that there are some investment options out there that your broker won’t tell you about because he or she can’t make a commission on offering them to you. Do your homework. Research it.

As much as I like my regular investment portfolio, I am enjoying the gains of my cryptocurrency, as well. However, please use common sense. I am not saying that cryptocurrency investing will make you rich, I am simply sharing an option that you may be able to take advantage of.

To learn more about Bitcoin and cryptocurrency on GTHU visit: http://GrowTheHeckUp.com/bitcoin

Liked it? Take a second to support GrowTheHeckUp on Patreon!

About Frederick Towles

Frederick Towles is an entrepreneur, author and professional coach on personal finance, recognizing, seizing and leveraging opportunities of all kinds. Frederick founded The Towles Group Inc. to address issues that relate to small businesses and individuals – accounting, taxation, asset protection, financial compliance, wealth creation, debt management and business management. He also founded Unlimited Expectations Inc. which provides tools for individuals to assist them in the areas of opportunity recognition, leadership and personal finance. Through the tools and services offered by these companies people are positioned to operate their lives and their businesses at optimal capacity.

Check Also

Drug-Overdose

How the Opioid Crisis Highlights White Privilege

People are dying. Spouses, friends, neighbors, parents and children are losing one another in a …