New Opportunities for Cryptocurrencies Investors

2017 will probably go into history as the year of cryptocurrencies.

Blockchains have been all the rage in the finance arena as they capable of radically altering many of the conventional paradigms of business.

In very simple terms, blockchains are just a humungous digital spreadsheet which is accessible to every member that is part of a decentralized network. The most prevalent association of blockchain technology is with the confirmation of bitcoin payments. However, there are some other notable uses for it as well.

With Bitcoin being the most prominent cryptocurrency in existence – taking 1^st place with a market cap of over $100 billion – it is now a serious consideration for companies involved in financial services. One of the key advantages offered by cryptocurrencies is a means of reducing the cost involved with transferring funds on an international level.

Bitcoin’s influence on the finance industry is in many ways relatable to how the internet revolutionized the music and publishing industries upon making them accessible online.

As a result, traders are keen to learn what kind of profits can be made with the use of blockchain technology.

Of course, using blockchains comes with a list of considerations that differ from more traditional methods but the opportunities are numerous to make some big money off of it. So let us now take a look at 4 ways in which you can harness blockchain technology for your financial benefit.

• Save up Bitcoin

Some wise traders will hold onto their assets and consolidate them if they can sense the price will be going up sometime soon. And while some assets are mostly tangible, the same is true for bitcoin, an intangible asset. If we compare bitcoin to gold, for example, they have one thing in common. Both are considered to be rare assets.

The supply and demand model is another thing to make note of hear. A limited supply of assets warrants a greater demand and therefore, a rise in value. As bitcoin becomes increasingly available, so are the reasons to consolidate as much of it as you can and capitalize on it.

• Blockchain penny stocks

Indeed, cryptocurrencies also involve penny stocks. You can find Penny stock opportunities for Bitcoin at Bitcoin Shop Inc., American Green Inc., and Global Future City Holding.

Bitcoin may be the most popular one, but it is by no means the only one. It has some formidable competition in the form of alternative cryptocurrencies that have been developed just to try and dethrone it from the top spot.

Usually, they do this by offering a more diverse range of services and opportunities for investors. For instance, some of them allow for digital asset registry which translates to more privacy for users. Most forex brokers have now added cryptocurrency trading to their platforms. This means that you can trade bitcoins and other currencies instead of buying them.

• Crowdfunding with Altcoin

Crowdfunding has grown to be one of the most preferred and normalized ways for generating seed capital for investments of all sorts. You can also harness it using alternative coins to get involved in blockchain tech.

What happens here is prior to the public launch of the network, the entire provision of coins is mined and sold in what is called an initial coin offering or ICO. The main attraction for traders here is the chance to stockpile on coins with prospect prices going up as the service increases in popularity.

• Pure Blockchain technology play

This is also an increasingly popular method in the arena and is an enormous publicity to point to companies like BTCS and Global Arena Holding. For example, BTCS promotes itself as the pioneering public company in the U.S which is focused on blockchain technology. Global Arena Holding, on the other hand, is leveraging the technology for potential in the verification of voting.

If you are not exactly clear on which investment route will serve you best, play it safe and focus your investments on stocks offered by the larger more reputed financial service companies that are keen on blockchain technology.

If you are happy playing with higher stakes, you can go for pure blockchain investment offers for which the rewards justify the high risks involved.

Conclusion

The doubters thought that cryptocurrencies and blockchain technology would never amount to much.

But today, almost a decade later, they are still very much with us and are involved in a thriving global market. For many traders, they represent opportunities that simply cannot be missed.