Investing in cryptocurrency
People are constantly asking how to consistently invest in the cryptoeconomy. What do you need to know? How not to lose money? How to choose the right cryptocurrency that will skyrocket in price?
This guide will answer many of these questions. But before I explain to you how to invest in PrimeXBT, I better answer the question, why the hell would you invest in all this, your hard-earned money? I will try to explain it as simply as possible.
Invest PrimeXBT because it is growing.
There is such a thing. Over the past 20 years of the development of the Internet, many people have made amazing amounts of money from one simple thing known as the network effect.
What the heck is that? In the 70s, there was one engineer, Robert Metcalfe. He invented what we now call Ethernet. To profit from this invention, he sold network cards. At the time, people did not understand why computers had to connect to the network. Robert realized that it was necessary to find a convincing argument to prove that his network card is a remedy for all diseases.
The value of a network is proportional to the square of the number of users on that network.
That is, you buy 10 computers without a network card, and their notional value is 10. But with network cards, the notional value of 10 computers will be 45! This is 4.5 times more profitable! “Wow,” said corporate employees and started buying Robert’s NICs.
It turned out that Robert’s argument is quite reasonable! You can use it to evaluate telecommunications companies that have grown with a vengeance around the world. The capitalization of telecommunications companies depends on the number of users. And the dependence will not be direct, but quadratic. In the early days of social networking, venture capitalists quickly recalled the coveted formula and applied it to things like Facebook, Twitter, Skype, etc. So Metcalfe’s Law has led millions of Ethernet networks to evolve into what we now call the Internet.
The simple truth is that if the number of web users is constantly growing, then our covesting PrimeXBT are expected to grow exponentially. Therefore, the value of Facebook reached more than $ 300 billion. The formula is simple. Look for a network that is growing steadily from the start => put money => wait => make a profit! The question is why Bitcoin? Because this is the same network and it is growing. Growing fast.