WHAT IS KRONOS DIGITAL ASSET GROUP?
Kronos Digital Asset Group is a Consulting service that provides support for all levels of crypto-curious investors. With KDAG you can: Get help learning cryptocurrency & blockchain basics.
Learn how to monitor your investment. Learn how to buy, sell, or trade cryptocurrency. Learn about exchanges, online wallets, hard wallets and cold storage. Improve your security practices. Diversify your current investment portfolio. Learn about various coins, block chains, tokens/ICOs and their real-life applications. Understand basic tax laws around cryptocurrency buying, trading and selling.
WHAT IS CRYPTOCURRENCY?
Cryptocurrency is a new form of digital money. Basically,a digital peer to peer currency. Cryptocurrency is defined as “digital or virtual currency that uses cryptography for security” making it difficult to counterfeit. Keep in mind, just because you can’t physically hold a bitcoin or an alt coin, it doesn’t mean they aren’t worth anything.It is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information.
WHY SHOULD I INVEST IN CRYPTO?
In the past, most people would have laughed if you said you hold part of your investment portfolio in cryptocurrency — a type of virtual currency that is secured through various cryptographic and computer-generated means. But nowadays, you might be seen as behind on the times if you don’t currently invest, or if you have never traded a single Bitcoin, or Litecoin in your life.
Cryptocurrency is practically everywhere and no longer just for computer geeks. In fact, many traditional businesses and instituions are integrating cryptocurrency into their platforms in some form, or using it as a means to launch other types of products.
The global economy is inevitably moving towards a digital eco-system. From investment to money transfer, everything is going paperless. The newest and most promising addition to the digital payment sector is CRYPTOCURRENCY and BLOCKCHAIN.
Invesing in Crypto is a very good idea. Of course like investing in anything with potential high returns, investing in crypto is risky. But, there are benefits. Digital Currency has been gaining adapatabilty in the public eye. Some of the reasons are:
1) SIMPLICITY- Cryptocurrencies are a real sign of the times; both joining and taking part is simple. You do not have to deal with any institutions, sign papers, or visit banks. You simply create an account, get a wallet, and track all your assets with no effort at all.
2)HIGH RATE OF RETURNS-Cryptocurrencies have been around for a short time, but so far they can be more profitable than most other investments. For example, you can expect your returns on Stock to be about 20% which is pretty good. Cryptocurrencies tend to show wide changes in their prices over relatively short periods. You can get returns as high as 500%. It is risky – but high profits are never sure, and such potential is hard to find in other assets.
3)DECENTRALIZED- When cryptocurrency is created, all confirmed transactions are stored in a public ledger. All identities of coin owners are encrypted to ensure the legitimacy of record keeping. Because the currency is decentralized, you own it. Neither government nor bank has any control over it.
4)ACCESSIBLE- There are over two billion people with access to the Internet who don’t have rights to use to traditional exchange systems. These individuals are clued-in for the cryptocurrency market.
5)YOU ARE THE OWNER-There is no other electronic cash system in which your account is owned by you. Cryptocurrencies offer you a level of independence impossible with other means. With cryptocurrencies, your money is yours only and stays yours forever. You do not rely on financial institutions for holding or transferring it. You do not have to pay their exorbitant fees