Is Bitcoin dead? Is it in the process of dying? Asking this question is akin to asking back in 2000, “is the Internet dead?” The truth is that even in this bear market, bitcoin usage is growing at a pace even faster than the internet did at this point in its growth trajectory.
Basically, anyone who tells you Bitcoin is dead is simply stating their biased opinion as a fact. This is a sure sign of incompetence and you should avoid this person’s advice like the plague.
Although Bitcoin is far from dead, does that mean everyone should invest in it? Again, if anyone tells you that no one should invest in Bitcoin or everyone should invest in Bitcoin, they’re wrong. Not everyone should invest in Bitcoin. And even if you do, the gut-wrenching volatility and the tiny chance that it could die means that your Bitcoin investment should only account for a penny or so of each dollar you take home.
GNOX – How to diversify in crypto
Diversification, especially in crypto, requires a ton of research in order to be able to do it safely. People have lost their life savings in crypto. Don’t be that person.
Most people don’t have time to do all the research required to diversify and minimize the risk of loss of capital. However, it’s inevitable that someone will come along and vastly simplify diversification thus opening the door for mass adoption of crypto investing.
Well, actually, someone already has. A project called Gnox Token (GNOX) offers crypto investors “yield farming as a service” proving investors with both diversification and passive income in one simple package. All crypto investors have to do it buy and hold GNOX. The rest of the work is done for them.
Here’s a brief overview of how it works.
First, the platform aggregates data on DeFi opportunities across several platforms and blockchains. That data is then analyzed by a team of professional DeFi investors. The analysis is shared amongst GNOX holders who get to vote on which investments are worthy.
Similar to a crowdfunding platform, investors pool their money into a treasury that provides the capital for the investments. The profits from these investments are then redistributed back to GNOX holders in the form of a buy-back-and-burn mechanism that reduces the supply and increases the price of the token.
While it’s not at all a bad idea to sock a penny or so of every dollar you take home into Bitcoin, safe investing requires diversification — especially in crypto. Gnox makes it super simple to diversify your crypto investment. It’s this kind of simplicity that will usher in the mass adoption of DeFi.
Gnox Token is currently in ICO mode. And the ICO is as innovative as the platform. A series of pre-launch burns assures that the price of the token rises right up until launch. This provides a great incentive to get in as early as possible.
The ICO ends on August 12th and the platform launches in mid-August. Visit Gnox’s website to learn more.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
