Should you Invest in Cryptocurrency in 2023?

Should you Invest in Cryptocurrency in 2023?

One major benefit of investing in Bitcoin, or any other cryptocurrency for that matter is that it doesn’t have any kind of central payment authority. You will not have to deal with a payment processor or even a company owner either. From this stems a lot of other benefits. You may find that transactions are easier and that as a trader, you have potential for higher returns. With solid network security as well, it’s not hard to see why cryptocurrency is one of the best options if you want to make money in 2023.

Should you Invest in Cryptocurrency in 2023?
Source: Pexels (CC0 License)

Easy Transactions

Cryptocurrency transactions can easily be made at a very low cost. As if that wasn’t enough you can also make them rather privately. You just need a hardware wallet and a smartphone app. If you have this then you will soon find that it is possible for you to both send and receive a huge range of currencies with ease. Some cryptocurrencies including Ethereum, Litecoin and Bitcoin, can all be bought through a Bitcoin ATM. You don’t even need to have a bank account if you want to invest in crypto. You will have a digital wallet, through an account that you will create online. It’s that simple and it’s a very convenient way to get the result you want out of your transactions.


Cryptocurrency is rooted within the blockchain and this is run on a decentralised network. As such, the security of crypto is undeniable. Crypto security is determined by hash rate. The higher the hash rate is, the more power you need to compromise the network. Crypto tends to work on a higher hash rate and it’s very secure as well. A lot of hacks happen as the result of phishing scams, or users who make mistakes. If you want to do something about this then ensure that you do not fall for these things. Make sure that you have an extra-secure password, and that you are always changing it if you suspect that someone has access.

Short Settlements

Some people only want to take advantage of price appreciation when it comes to crypto. This is fine, but you can also use it as a medium of exchange. If you look at Bitcoin or Ether transactions, you will see that it’s very affordable to use them for transactions. Payments for a lot of cryptocurrencies happen to settle for less. Conversely, if you do a wire transfer at a bank, you may pay a very high transfer rate and on top of this, you may have to wait up to five business days for it to settle. This is the last thing you need, so make sure that you avoid this by simply investing in cryptocurrency.

Industry Growth

If you look at the cryptocurrency industry, you will soon see that this is one of the fastest-growing markets in the world. Since Bitcoin debuted in the year 2009, you will see that the market has thrived. The industry as a whole is growing more and more by the year, but as always, markets ebb and flow. If you want to make sure that you are safe and that you are making good decisions then it is wise for you to try and make your investments wisely. It’s also important to avoid putting all of your money into one investment. If you want to benefit yourself then it is wise for you to look into crypto tokens versus crypto coins, so you can increase your understanding of the sector as a whole.


Out of all assets, Bitcoin has performed the best.  When it hit the market in 2009, it didn’t have much value at all, but as the years went by it reached an astronomical price. This just goes to show that it has a lot of potential and it would not be surprising to see it reach such heights again in the future. Some coins have outperformed Bitcoin by a huge margin. Even though they have seen their price collapse again in the future, gains like this cannot be overlooked. Crypto prices have fallen quite a lot in the last few years and Bitcoin alone fell by 60% last year. This volatility has caused a lot of people to back away from the sector, but at the same time, it has opened up a lot of new opportunities for investors. Fluctuations like this help traders to capitalise on a  return at some point, even if the prices do fall. Without drops like this, you can’t hope to infiltrate the market at an affordable price point.

Privacy and Anonymity

Privacy is one of the biggest benefits of cryptocurrency. That being said, it’s not as private as what most people think. Blockchain creates a ledger that records every single transaction that has ever been made. This ledger will only show your wallet address, but if someone is able to connect an identity to a wallet then the possibility of tracking a transaction becomes more likely. Crypto transactions tend to be pseudonymous but there are always ways to make them even more anonymous. Coin mixing services like to group a number of transactions together so is harder to pick them apart from each other. As an outside observer, this makes it almost impossible to find out the data needed to identify the user. Individuals who run full nodes also have the chance to make their transactions more private, because you can’t tell if these transactions were sent by the person, or someone else. At the end of the day, these methods are difficult for beginners to use but if you are advanced or well-versed in crypto then there’s no reason why you can’t hope to benefit. Even with crypto not being 100% safe or secure, it’s important to know that it is far more secure than other investments and there are ways for you to make it even more so, by following the above tips.


Cryptocurrency is a non-correlated asset class. This means that the market functions entirely independently of other markets. The price action is determined by factors other than that of bonds, commodities and more. Even though assets have slipped, it’s important to know that during the last few years, crypto has traded in sync with stocks for very short periods of time. Crypto is able to give investors another vehicle in which they can grow their money outside of bonds, stocks and even ETFs. On top of this, it is also a great way for you to capitalise on potential returns, so be mindful of this.

Inflation Hedging

Cryptocurrencies that can be mined tend to have a limited supply cap. This can include Litecoin, Bitcoin and even Monero. They are thought of as being good against inflation and it is a great way for you to protect yourself as an investor. The one thing to know about cryptocurrency is that it is designed to keep coins scarce, irrespective of what happens with the monetary policy. This is great to say the least as it protects your investment.

So as you can see, cryptocurrency can be a solid investment and if you take that next step today, you may find that it is a great way for you to make some additional profit. If you do want to make an investment then it is wise for you to wait until the market dips, so you can enter the market at a low price point. From there, you can then wait for things to pick up, and make a lot of money from your investment.

About the author

Johnny is dedicated to providing useful information on commonly asked questions on the internet. He is thankful for your support ♥

Leave a Comment