Listen, we aren’t going to post yet another cryptocurrency article here. We get it…it’s weird…it’s made children rich because it’s a strange currency and the fact that it’s made from computers pretty much turns off most people.
Bitcoin essentially took over the world in 2017 and then people kind of backed off of it, thinking it was the latest investing fad. Well, cryptocurrency is still here and we often wonder why.
If you are a traditional investor there are a few major reasons why you should at least think about cryptocurrency in your portfolio.
There’s a limited amount of a set Cryptocurrency (Bitcoin is capped off)
Did you know that there’s a limit of the amount of Bitcoin you can actually buy? We aren’t sure what will happen once every piece of Bitcoin has been mined, however that means it can become a limited resource and perhaps gain more value over time.
You can mine it
The thing about cryptocurrency is that you can earn it through computer resources. Meaning, you can assign a computer or device to mine a currency, much like if you were to send miners to a goldmine. The more you resources and computers you can assign to mine a cryptocurrency, the more you earn (obviously). This is unique in that you can actually place resources towards a currency and create money, where most traditional currencies you have to earn money through work or business.
So here’s what we think you should do…
So maybe you aren’t sold on cryptocurrency, and well we can’t really make the most of it either way, but the sheer fact that each coin has limitations and you can also mine it yourself makes these types of currencies fairly interesting options to get into.
Thinking about mining your own coin? Take a look at this mining hardware that not only will work to get you more coin overnight…but we have to say it’s pretty nice looking.
How Coinmine works is fairly simple. Download an app, link your cryptocurrency wallet to the app, link the device to your phone or PC and let the Coinmine do the work! You should know that these things aren’t cheap (retail price of $699), however you’ll be earning more just by having this thing around…and you’ll probably surpass any sort of investment you made into buying the Coinmine!
Whether you have little or some cryptocurrency like Bitcoin or Litecoin lying around…perhaps it’s time to put the earned coin to use! You could spend the coin or you can earn even more interest on the coin over time! Because cryptocurrency doesn’t abide by typical regulations that other currency goes by, you’ll earn a solid interest rate on your current cryptocurrency account through BlockFi!
Mine cryptocurrency with Coinmine + earn interest with BlockFi, and hey you may be working yourself to be the next crypto king!