It is quite common that cryptocurrencies are being compared to national currencies or else fiat currencies or stocks or commodities. Such comparison has to result in an observation that cryptocurrencies are not as stable as all the above mentioned investment classes.
Stability and volatility
However stability is not the same as zero volatility. Cryptocurrencies are often criticized for their high volatility, but it would be a mistake to consider them not stable.
Stable investment tends to grow in value over longer periods of time, despite short time declines or gains.
Tip: See our free educational articles for more information on this topic.
Most main cryptocurrencies report a steady and quite impressive growth of value, but the trick is to hold on to them over a longer periods of time.
Bitcoin and PlatonCoin
Bitcoin is the oldest, best known and also most valuable cryptocurrency at the moment. During its history there were massive declines, even by 80% or more. Bitcoin was pronounced dead several dozen of times. None of that changed the steady growth of the digital asset.
However Bitcoin can be too difficult for the general public to understand, purchase and store securely. There is also no help desk that would offer advice and once your private keys are stolen from you or you send the transaction to a wrong address, you have lost your money for good.
PlatonCoin on the other hand offers an easy to use all-in-one insured crypto wallet, where you can store not only PLTC, but also other favourite cryptocurrencies. Furthermore it is also one of the digital currencies that has proven its stability over time. PLTC reported a profit of 46% over the last year, even without the bonuses for members of our ecosystem.
PlatonCoin is stable and profitable
Lately during the last conflict between Ukraine and Russia, when most markets were highly turbulent. PlatonCoin resisted these turbulences and even reported a profit when other digital currencies were dropping down.
If you would like to start with PlatonCoin and you do not know how, contact us and we will help you with setting up your Platon Wallet.
Disclaimer: This is not an offer for concluding a contract. Trading cryptocurrencies is a highly risky business and as such you are the only person bearing the risk and responsible for your own decisions. Do not engage in trading unless you do your own research and are fully knowledgeable of the risks.