Blockchain: Are cryptocurrencies a good investment?

New technological inventions undoubtedly represent a paradigm shift in how things are solved. However, in recent years this has accelerated to the point that companies have to renew themselves, improve their processes, services and operations in a shorter time. Normally these changes are merely adaptations, but sometimes an innovation appears that leaves the previous mechanisms and processes out of date. 

Since the last 3 years, the term Blockchain has gained international renown and its volume of searches and applications has increased day by day since its inception in 2008.

All over the world there is talk of Blockchain even without clearly understanding what it is and what its real use cases are, this technology has come to revolutionize the internet, the business world and many other sectors. 

Some of the examples of this technology lies in the use of cryptocurrencies, transactionality, decentralization and nodes to name a few. But, one of the most recurring questions in the world is whether or not cryptocurrencies are an investment. What we need to understand is that like any other investment, crypto assets carry high risk but also many potential rewards.

However and without a doubt, cryptocurrency is a great investment, especially if you want to acquire direct exposure to the demand for digital currency. But…

Should we consider investing in cryptocurrencies?

There are several crypto currencies, some more stable than others, but in essence we could say that they are "high risk" investments because the price of these can be very volatile. While some investments can go wrong, others can increase their value and produce a significant profit for investors. The first step in doing this is to find a reliable platform to do so, such as Bitfinex or Bitso. 

For some of us, cryptocurrency could remain a complex niche. But cryptocurrency should be considered a high-risk investment like any other investment. As more and more businesses accept cryptocurrencies, it is now clear that cryptocurrencies are here to stay and will not disappear soon. And all this…

How secure are Cryptocurrencies?

As we already mentioned, cryptocurrency also represents a high risk, but within the technological framework, to make a transaction using cryptocurrencies, is to assume that the operation will be supported by the use of Blockchain technology, this means that the transactions are completely safe and that it is not possible for something to happen during said operation. So first we recommend you to understand, analyze the behavior that these have had in the last 12 months as well as be patient with your investments.