Cryptocurrency can make you rich - if you do your own research!


I've said it before and I'll say it again, cryptocurrency is quite possibly the biggest opportunity of your lifetime to make life changing wealth. There are many innovative projects employing some of the brightest minds who are working on technology that will literally change the landscape in which many business sectors operate. Out of these projects many will fail, but there will undoubtedly be winners and anyone holding those cryptocurrency coins or tokens, just like holding a stock in a successful start up company that gets listed on a major exchange, will be like holding a winning lottery ticket. So cryptocurrency will make many people rich, however as you are about to find out you most definitely need to do your own research!


Cryptocurrency promotes freedom


Cryptocurrency promotes freedom. When Satoshi Nakamoto wrote the Bitcoin whitepaper that's what he seemed to be his vision. When you hold cryptocurrency in your own wallet, you are effectively free to exert self sovereignty in ‘being your own bank’. By virtue of their design, cryptocurrency and decentralised applications offer and even incentivise many more outlets and definitions of ‘freedom’ than any industry in the history of mankind.


By having full control of your digital assets is very liberating. At a bank or financial institution you hand the control of your assets over to a third party. Once you have experienced the freedom to not only be able to move your money around the world, but also choose how that money is deployed be that through investing that money, participating in a project, buying or selling a particular cryptocurrency, buying or selling NFTs―the controlled, restricted and somewhat cumbersome nature of the traditional financial system becomes all too apparent and then its hard to look back.


With freedom comes responsibility


Some people are reluctant to use cryptocurrency for exactly the same reason that it's so attractive to others: it puts your money, and responsibility for your money, entirely in your hands. Ownership of decentralized assets is defined by the holding of the relevant private key, and nothing else. In other words, if you lose your password, your assets will become "lost."


Although operating safety in the crypto space is of paramount importance and getting proficient at mastering the do's and don'ts is not a particularly steep learning curve it is a pointless exercise if your hard earned money is invested in things that aren't going to make you money, because let's face it everyone who invests in cryptocurrency wants to make money! Right?