πŸ€” 6 Benefits of Crypto Investing πŸ”’ + Competition πŸ’° The Billion Dollar Secret


Hi guys, how are you doing? Today we will talk about: Why I like investing in cryptocurrencies? Let’s start with the resolution of the contest from the previous video 5 crypto predictions for 2018. As I said, I will give away 100 million bytes Byteball bytes per address for 3 byteball adresses in the comments below that video Let’s start with the first winner: So the winner is ROyal Lopez. Congratulations. The next winner: Teix Teautis And the next winner is: akii8 Congratulations to you guys stay with me to the end of this video. We’ll have another contest and some money to win at the end of this video Why I like investing in cryptocurrencies? I will tell you several points and I will compare investing in cryptocurrencies to traditional investing, in real estate and in gold. First of all I like the liquidity in the crypto market. There is billions of dollars in transactions in crypto market each and every day. And it is a global market. Everybody can practically trade on every exchange and each pair of cryptocurrencies has millions, sometimes hundreds of millions in transaction volume. For the most cryptocurrencies it is more than enough For everybody on volume to trade and to make daily transactions How does it compare to gold. how does it compare to real estate? First of all gold is similar, right? There is enough liquidity in the gold market. If you don’t trade, maybe physical gold you can trade paper Gold. It’s a little bit different, more difficult with real estate. Of course, there is a lot of money in real estate It’s a huge market, but it’s not as liquid in the sense that you can sell real estate anytime you want, right? It needs to be some time on the market if you want to get a sensible price for it. And you need much more effort to sell it. The second characteristics of crypto I like is, there is no cost of holding the assets. If you buy crypto, and you hold it in your own wallet In your private wallet, even if you hold it right right now on the exchange, but if you hold your private keys yourself It doesn’t cost you anything. It’s free. If you compare it to real estate You have to take care of the real estate you have to pay Probably some taxes on it You have to pay Some other expenses to uphold this real estate. If you compare it to gold You could store gold, physical gold. Let’s say physical Gold in your at home, but that you need a safe for that It costs you something or if you have larger amounts of gold and you want to store it you need a safe at the bank or maybe a storage facility So you have to pay storage fees for gold storage. Even if you have paper gold you pay management fees for that So this was the second quality of crypto. The next thing is, low transaction costs. If you want to buy physical gold you have high transaction costs Because there is a cost of transport for it, if you buy it at a bank. Bank cuts a share from you for the expenses. If you buy or sell real estate, you have to pay for the lawyer, you have to pay for the agent, in many countries you have to also pay taxes on the transaction itself on top of the taxes for your profit So there is a lot of costs involved in the in the transaction in real estate In cryptocurrencies it’s quite different. You usually pay half percent for the transaction. Maybe 0.1% for the transaction depending on the exchange so the cost of the transaction is much much lower than in any of the other assets. The other thing about cryptocurrencies is that the transactions are immediate You can execute and settle the transaction immediately. The second you do it, you have the asset. You can withdraw the assets to your private wallet, so you theoretically can exchange One asset against the other assets within minutes to have it from your private wallet in one cryptocurrency To your private wallet in the other cryptocurrency. You can go to the bank counter And you can buy physical gold also within minutes for money. But then you have to transport it to your home to store it or maybe to the storage facility or you can do it with paper gold but for real estate, you really need time to transact in real estate. They are lawyers involved there is a lot of paperwork to do in real estate. And here we come to the next point There are no formalities or access barriers to posses or to trade cryptocurrencies It is maybe similar to gold, at least to physical gold. You could Buy physical gold without access barriers, depending on the country of course But if you want to trade paper gold you need to have a trader account which is connected with some formalities, requirements AML, KYC , and so on. And definitely if you want to own or trade real estate There is a lot of formalities, a lot of paperwork involved and also of access barriers. Not everybody can possess Every real estate in every country there are legal barriers to that And you have to deal with these obstacles, with these barriers. And of course what I like about cryptocurrencies is their high volatility. So there are high emotions involved in the market Huge profits are possible if you know what you do, or if you are lucky This is something that just can’t be done with any other assets. Gold or real estate Can’t go up by five hundred or thousand percent within days And this is definitely possible with cryptocurrencies it has happened so it is kind of a gamification of investing in cryptocurrencies. I hope you liked that video Don’t forget to subscribe Hit the bell button if you haven’t yet Please share with us in the comments what you like about investing in cryptocurrencies What you maybe don’t like What are the specific things that are different in crypto investing? Share this video with your friends, with your loved ones, with people interested in cryptocurrencies They will thank you for sharing this channel with them Please provide your Byteball address in your comment. I will give away some Byteball and if you don’t have a Byteball wallet if you don’t know what Byteball is, go to Byteball.org , download the wallet and provide your public address If you like this video you will also like my other videos. I talk about cryptocurrencies like I do here. I talk about thinking of the best entrepreneurs in the world How Billionaires think and also I talk about doing the impossible Here you will find some of my best videos. That’s it for today Thank you, and see you

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