Crypto is booming right now, isn’t it?
You know this is true. Ads and news about cryptocurrencies and NFTs are all over the internet. But the question is this… is it a good idea to invest in crypto?
We will know the answer only if we dive into the details.
Let’s Talk About the Basics of Cryptocurrency
First, what is cryptocurrency? According to Crypto Academy, cryptocurrency or virtual currency is a digital alternative to the established fiat system. But compared to fiat currencies like the Philippine Peso or US Dollars, cryptocurrencies are virtually impossible to break, duplicate, or counterfeit because of their blockchain technology.
You could say that it is the next phase in the evolution of money. Think about it – the economic world started off with the classic barter system. After that, people started using precious metals like gold and silver to pay for things they want to buy. But it’s heavy to carry around metals, so people created metal coins and paper money to make transactions easier.
Eventually, just a few decades ago, banks created plastic cards (debit cards and credit cards) that people can use to pay for their purchases instead of cash. Now, because of technological advancements, online banking has progressed in various ways, which led to electronic money through platforms like GCash, PayMaya, PayPal, AQWire, and more.
The next development after electronic money? You guessed it – cryptocurrency. Because even though electronic money is digital, it is still within the fiat system that is centralized. But cryptocurrency is decentralized. This means, it is not controlled by any organization, any financial institutions, it is unregulated by the government, and only you will have access to the crypto that you own. Crypto is created through a process called mining which entails creating cryptographic algorithms with a network of computers. These computers are used for monitoring crypto transactions and this incentivizes the miners who run the network through cryptocurrency.
Currently, there are various cryptocurrencies in circulation. For example, Bitcoin, Etherium, Maker, Solana, and Litecoin – just to name a few. Each of these cryptocurrencies has a unique value at a certain time.
At the time of this writing, this is their value:
1 BTC (Bitcoin) = $45,353.65 USD
1 ETH (Etherium) = $3,363.79 USD
1 MKR (Maker) = $2,280.19 USD
1 SOL (Solana) = $126.49 USD
1 LTC (Litecoin) = $120.10 USD
Source: https://www.coingecko.com/
The value above could either increase or decrease in just a day, depending on the market. The price volatility is very high. And the reason many people are eager about it is that let’s say they buy one Litecoin today for $120.10 USD. If the value of one Litecoin increases to around $300 USD over the next week (hypothetically), it means the value of the $120.10 USD that they paid will automatically increase to $300 USD.
In simpler words, cryptocurrency gives the opportunity to grow your money.
But where do you buy and own cryptocurrency? There are numerous cryptocurrency exchanges available. Notable ones include Binance, Crypto.com, Coinbase, Kraken, and Gemini. Please note that doing your research and possibly consulting with an investment professional is needed before investing huge amounts of money in cryptocurrency. Crypto are high-risk investments. They might generate income and diversify your investment portfolio, however, due to the volatility of the cryptocurrency market, they might make you lose more.
Considering the Risks and Rewards (Pros and Cons)
But of course, every possible reward comes with inevitable risks, so let’s discuss both sides of the coin. Aside from the potential capital gains, you can make from investing in crypto, there is also a huge privacy benefit that will let you remain anonymous during transactions. This protects your identity and details from online hackers to make sure your money is safe. This is due to cryptocurrency transactions being done on blockchain technology. The blockchain is a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. It is actively managed and multiple people have the ability to record transactions and monitor them. For something to be stolen on the blockchain, you would need access to numerous computers scattered all around the world.
Unfortunately, profits are not guaranteed. Instead of earning money from crypto, you can also lose money because of its high volatility. Because of this, the value of a cryptocurrency could either multiply or fluctuate in a short period of time. So your risk tolerance should be high when considering investing in crypto.
Although there is a method that can take advantage of the market’s volatility; it’s called leverage trading, which requires a lot of intellect when it comes to predicting the movements of the financial market. Plus, because there are various trading techniques (like scalp trading and swing trading), this option demands a lot of planning.
The Importance of Planning Ahead
Now, we will not go into the nitty-gritty details of crypto trading or investing in crypto because there are a lot of factors that go into it. But what we will talk about now is the most important part of any investment you make: planning ahead.
Because if you fail to plan, then you are planning to fail.
Whether you want to invest in crypto or not, having a plan in place will help you take the necessary action steps to achieve your goals. After all, the reason we’re investing in assets like cryptocurrencies is that we want to be successful and create a better life, right?
So to help you plan ahead, consider answering the following questions:
- Why would you invest?
- What is your investment goal?
- Where can you learn more about this?
- Who can help you in your journey?
- How will you achieve your goal?
- When will you start investing?
Let these questions be your guide when planning for your investments. Furthermore, together with planning, it is also important to do your research to stay updated.
Do Your Own Research
You can do a lot of free research just from Google. There are various trusted sources online. But if you want to get more specific market research, you can also find credible paid subscriptions that will regularly provide you with the latest information. This is something that you might want to consider if you are serious about investing in cryptocurrency.
On the other hand, if you do not want to pay for anything, these are some free resources where you can get valuable information:
– Coingecko (https://www.coingecko.com/)
– Tradingview (https://www.tradingview.com/)
– CoinPedia (https://coinpedia.org/)
The reason you will want to research extensively is that only you will know what investments are right for you.
Just like what Morgan Housel said in his book The Psychology of Money, “There is no universal truth. There’s only what works for you and your family, checking the boxes you want to be checked in a way that leaves you comfortable and sleeping well at night.”
Short-Term and Long-Term Investments
When you do your research and plan your investments, one factor you would want to consider is the timeframe you want – are you investing to make money fast (short-term investments), or are you investing for lifetime wealth (long-term investments)?
One option is not necessarily better than the other; it will simply depend on the plan you make based on what works best for you, and the lifestyle you want to live. Or you could have both of them! Because you are not required to pick one over the other. You can make both short-term and long-term investments.
What’s Your Investment Plan?
Now, you have seen that cryptocurrency is one of the future plans that you can take up as a possible good investment. Along with the long-standing stock market ventures, cryptocurrency is a new start to another investment opportunity. But, some of its drawbacks, especially in its early infancy, put a learning block and scare factor to newcomers to try to invest in this digital currency.
Understandably, it is a heavy thing to partake in, thus, a lot of research is needed beforehand and many conversations with people who are into this community for a very long time to help guide you. But, if you are really eager to dip your toes into investing in something this year. One that will stand the test of time and rake in the long-term benefits and rewards? How about the real estate industry.
The industry has withstood many decades of economic downfalls and still, the property market remains to be in demand and valuable, even to this day. One of the respected real estate brands in the Philippines is Crown Asia Properties by Vista Land and Lifescapes Inc. For over 25 years, the brand has delivered amazing properties across major locations in Metro Manila. As such, one of their projects that truly harkens to their message of “The Beauty of the World,” is none other than The Courtyard.
The Courtyard – Condo in Taguig by Crown Asia Properties
The Courtyard by Crown Asia Properties is your next premium real estate investment that will provide you with a global lifestyle at your doorstep. The Courtyard is a pre-selling condo development in Taguig that offers extraordinary upscale living space and takes advantage of the rental opportunities within the urban city. The condo development provides residents the absolute convenience of living near Bonifacio Global City and other first-rate key establishments, a retail commercial strip on the ground floor, and the accessibility of multiple road infrastructures for faster travel times.
After a long day at work, The Courtyard greets you with its resort-inspired amenities and an open green space pavilion that harkens the feeling of an everyday vacation. The posh amenities put future residents’ wellness first and create a serene atmosphere just a few steps away from your home. An active lifestyle is capable within this high-rise community and investors are attracted to this condo development’s live-work-and-play atmosphere. Residents are comfy with The Courtyard’s compact and modern Studio Units that give you a spectacular view of the Bonifacio Global City skyline.
Everything is at an arm’s stretch, as the property is located along Pedro Cayetano Boulevard, strategically near the C-5 Road that gives residents a 15-minute drive to BGC and other places in Metro Manila. Transportation hubs, medical facilities, and lifestyle centers, such as Vista Mall Taguig, are within your reach.
This is the perfect time to invest in a property like The Courtyard by Crown Asia Properties, as the capital value appreciation of the property is growing. Due to the various infrastructure developments within the area, such as the C-5 Southlink, the future Metro Manila Subway and South East Metro Manila Expressway, and the recently opened BGC-Ortigas Link Bridge. It is no wonder that the property is well-poised to appreciate in value over the next few years. The area’s continuous developments further add benefits to the pre-selling development for seamless and accessible driving, higher rental yields, and the news of the Philippine economy opening up again due to more vaccinations and eased restrictions.
The Courtyard is the best condo for sale in Taguig, one that enables its investors a progressive and investment-worthy condo living – providing you an exclusive, vertical village community that is designed with finesse and elegance. Upon investing in this pre-selling condo development, you will truly achieve a global lifestyle and access to some of the incredible sights and spots in Taguig City.
Crown Asia is the premium residential arm of Vista Land and Lifescapes, Inc. 25 years of providing themed communities for the young professionals looking for their future homes or solid property investments. From themed house and lot developments that showcase incredible designs from around the world to stylish condominium properties that exude premium and modern designs that excites the urban dweller, Crown Asia Properties can provide the beauty of the world to the future home buyers and property investors.
Their other premium projects extend the brand’s values of beauty, convenience, and a solid property investment – ones that exude timeless excellence and long-term returns. The Crown Asia brand takes advantage of the opportunities in prime locations such as Taguig, Las Piñas, Bacoor, Cavite, Sta. Rosa, Laguna, Daang Hari, and Alabang.
For more information about The Courtyard and other Crown Asia projects, visit our official website, like and follow @CrownAsiaOfficial on Facebook, Twitter, Instagram, Youtube or call the Marketing Office at 88-CROWN / 0956 380 0015.
Related Blog: Are NFTs the Future: All You Need to Know About Non-fungible Tokens
