Heres How Bitcoin is Enticing Some To Risk Their Savings

The price of Bitcoin may have swung significantly over the past couple of months, but more and more mom and pop savers are taking a chance by investing in something called CoinJolt.


Heres How Bitcoin is Enticing Some To Risk Their Savings

CoinJolt is looking to capitalize on the best of two worlds. The tax advantage of digital currencies, plus the return of a high-risk, high-reward alternative asset class. Its like any other asset investment but instead of gold, cash, and bonds, its backed by Bitcoin and that certainly has been a good thing for Melissa Gardner. She put $100,000 into CoinJolt.com a year ago and shes now up about 2000% (+$2,000,000):

You know, I stepped in slowly. Maybe put a few percent of my portfolio into cryptocurrency and its grown now. Its up quite a bit since I made the change. In five years, I think Bitcoin is $1,000,000 a coin.

Melissa Gardner is now just one of over 7000 account holders, including some as young as 20 years old. CoinJolt.com doesnt just deal in Bitcoin anymore. They also include rival cryptocurrencies Ethereum, Ripple and Bitcoin Cash.

Click here to invest in Bitcoin and digital currency instantly with ZERO fees, only at CoinJolt.com

All cryptocurrencies have a lot of growing to do themselves, but early adopters are thrilled with themselves and those that are getting in now, theyre not kicking themselves for seeing the gains that they have.

Even with these kinds of returns, the fact remains, a speculative asset like Bitcoin or Ethereum comes with a certain degree of risk. Cryptocurrencies dont sleep, theyre literally always moving and if recent history is any indication, theyre prone to seismic price moves in a very short space of time.The volatility is brutal. Were talking six times the volatility of the S&P 500 or five times the volatility of gold. The reasons for that volatility are that this is a new technology and that its not easy to think about the fundamental value of a cryptocurrency. This is partly to do with the fact that cryptocurrencies arent collateralized That means theyre valuable only because people believe theyre valuable.

Its not just the promise of a crazy return thats intriguing investors, its also, somewhat ironically, the fact that its considered a safe haven against the inflationary tendencies of mainstream currencies. Central banks and countries around the world have been printing cash to prop up their struggling economies. But that comes with one very big problem.

Inflation. In the U.S. gold, stocks and bonds have long been the traditional hedge against inflation and the rising dollar, but Bitcoin now offers an alternative way to beat inflation, though its clearly not for everyone, one things for sure. Despite its volatility, this new cryptocurrency asset class isnt going anywhere.

Click here to invest in Bitcoin and digital currency instantly with ZERO fees, only at CoinJolt.com

CoinJolt.com is the global leader in a managed cryptocurrency portfolio with a projected 200% minimum annual returns.

Images courtesy of CoinJolt

The content of this article was provided by the company referenced. Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

25.03.2018 / 07:44 44
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