Cryptocurrencies have undoubtedly become the most significant technological advancement of our times. Getting in offers possibilities for individuals of all backgrounds, and, contrary to the common misconception that it’s too late, many experts actually argue that there has never been a better time to start. However, it is vital to know where and how to begin. This article showcases just that, and highlights the best ways to join the crypto world and kill the fear of missing out (FOMO) once and for all.
Cryptocurrencies in a nutshell
To ensure everyone is up to speed, the basics will be set straight. Generally speaking, cryptocurrencies are virtual tokens mostly issued on decentralized blockchains with, or without, intrinsic use case and backing. Their valuation tends to come as a combination of their utility, collateral if any, and general speculation, just like with almost all other digital assets. Most cryptocurrencies are incredibly easy to handle, including simple transactions, global non-stop trading, and a multitude of other benefits, such as Decentralized Finance (DeFi) applications, NFTs, and the sort.
What makes cryptocurrencies last?
Some might argue that cryptocurrencies are just another trend that will pass in the near future, however, they could not be further from reality. The truth is, the industry has already proven that it’s here to stay, with an impressive fourteen years already in existence, and counting. It is also important to mention here that its era actually exhibited one of the rapidest technological growths of all time, and yet cryptocurrencies not only managed to keep up with the extreme pace, but jumped to the forefront of change and became the flagship space fostering innovation.
All this was enabled by the versatile underlying of each crypto ecosystem, like blockchain technology and its impeccable security, the concepts of cryptography and hashing, the unlimited capabilities of smart contracts, decentralized applications, full-blown decentralized autonomous organizations (DAOs), and many more. These are ideas that were designed to last and scale, thus the world will have a hard time presenting a situation where cryptocurrencies fail to adapt and overcome their competition.
Why is now the best time to get in?
Despite hearing that the hype peaked, numerous industry leaders broadcast that there has never been a better time to get in. The reason why is quite simple: the world already knows about Bitcoin and cryptocurrencies in general, which can be reached from practically anywhere, as opposed to other, more exclusive markets, such as stocks, or bonds. This means that with the majority of humanity has already started digesting the concept, and when they manage to fully grasp all the favorable prospects cryptocurrencies can offer, it seems inevitable that they will want to get in and secure their share.
How to get started
If you want to get in right before the crowd does, it is more crucial than ever to get your first ecosystem right, as it will highly influence your success rate in your beginning period. It is generally accepted as best practice for starters to commence their journey on exchanges, as they usually provide the easiest ways to secure one’s first cryptocurrencies. FomoDex, for example, seems like a great option for many, as it integrates all three major blockchain ecosystems in its platform, namely Ethereum, Binance Smart Chain (BSC), and Polygon (MATIC). This means that users don’t actually have to register and get started on each of these separately, rather they can have access to all their markets from one place. Also, it is great for beginners, as it is fully regulated by the Wyoming government to ensure security and compliance. Here’s an interesting fact: it might sound like FomoDex’s name stands for “fear of missing out”, but it actually does not represent that—you might feel that though if you don’t start your crypto journey in the near future.
Final thoughts
With all that in mind, it is safe to assume that cryptocurrencies are here to stay, with all their highly appealing offering, robust technology, and groundbreaking solutions. Platforms and exchanges, like FomoDex, actually offer extremely easy entry points for individuals of all backgrounds, which make getting in simpler than ever. However aided it might be, there is one question that only you can answer: will you commit to take action, and join the ride?
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
