The Safest Cryptocurrency to Invest in – The Crypto Boom & Bust0 (0)
What is the Safest Crypto to Buy and Invest in Your Hard Earned Money?
If you were following the crypto industry news for the last year, or have invested in crypto during the bull run, you probably asked this question more than once in the last couple of months. Well, let me tell you that you are not alone. Thousands of people all around the world are speculating what crypto is safest to buy and what crypto has the highest potential, but also what is the safest place to buy and store the crypto.
I guess the only person who hasn’t been affected by this year’s crypto bear market are those who either weren’t exposed to any so they didn’t buy, or those who got into crypto now or way before and didn’t sell. But if you bought any cryptocurrency except Bitcoin in the last 1 and half years you are most likely questioning the true nature and reality of this fairly new industry. And it’s ok, again, you are not alone.
The ugly reality is that whether you bought any crypto or not, you lost your money, or the value of the money. Because if you just hold the cash under your pillow or in a bank, you have lost the purchasing power by the rapid pace during the 2020 and 2021 pandemic, and continue losing until now as we speak. The hyperinflation created by printing trillions of euros and dollars, or any other FIAT currency creeping on everyone at the hyper-speed. The sad thing is that not many people realize that until it’s too late and they have lost everything.
It’s critical to educate yourself on the topic of finance, especially the unconventional education, the true reality of the finance and monetary policy, and how totally corrupt the financial system is. They won’t teach this in schools because they don’t want you to know so you inevitably lose everything you have, own nothing and be happy.
Sounds familiar? Ok, now lets talk about crypto a slightly bit more positive news and facts.
Our Only Hope in the World of Finance and Ownership
The latest crypto boom and bust of 2021 taught us that not all cryptos are created equally and not all coins are good investment, especially when we are talking about investing long-term. In fact, actually the vast majority of crypto coins do not fall into that category except one, or maybe a handful few, and there are many good reasons for that.
This year, we learned the painful and expensive lesson with downfall of many crypto companies that ignored the risk of over exposure and became insolvent losing their and customers funds due to bad leadership and risk management, growing fast and falling even faster. Yes, we talk about TerraLabs, Celsius Network, Voyager, and the most painful and recent downfall of the second biggest crypto exchange FTX, just to name a few major companies. This crypto sh*t storm has affected the entire crypto industry and will take some time to recover.
So, what is the safest crypto to buy?
To no surprise it’s the first and the biggest one of all, BITCOIN!
The Big Difference Between Bitcoin and Other Cryptocurrencies
There are many technicalities that distinguish Bitcoin from other cryptos, but the biggest and most important difference is that Bitcoin is the only coin categorized as commodity, and for a simple reason.
There is no Issuer, CEO, or ICO funding, therefore there is nobody who controls that. It has the limited fixed supply that cannot be changed or adjusted, and it’s based on the proof of work (PoW) consensus algorithm that has built in the bitcoin halving that happens every 4 years which makes it also scarce.
These are just a few major reasons why Bitcoin is the No. 1 and only digital asset given to people to achieve true financial freedom long term.
If you would like to learn more on this topic I highly recommend to read books such as Bitcoin Standard: The Decentralized Alternative to Central Banking, Bank to the Future: How to Protect Your Future Before Governments Go Bust by Simon Dixon (check out his YouTube channel with hundreds of videos on Bitcoin and crypto topic), and also listen to interviews with Michael Saylor who explains the best what does Bitcoin mean for humanity and how it’s different from other crypto assets that cannot be the same.
Learn why the Bitcoin is the humanity’s only Hope for true financial freedom, conservation of energy, and fair financial system.