As the crypto market plummets – is there a more profitable way to invest your money in the online world?
The price of cryptocurrency Bitcoin has fallen below $6,000 (£4,700) as the cost of other cryptocurrencies declined by billions of dollars amid a new sell off.
Bitcoin fell from around $17,000 at the start of the year and its current price is close to its lowest point of the year, when it dropped on June 18th at $5,785 (£4,524).
Although there have been cases of people making millions through cryptocurrencies, market experts say the “volatility” of digital coins means investors should not put their life savings into the technology, as stated by The Independent.
Cryptocurrencies are digital coins that only exist online. They operate on a digital ledger, which records all transactions. While the price of cryptocurrencies reached record highs during a sudden bubble in December, they have gradually fallen in value closing in on the levels they were at in early 2017.Market.com chief analyst Neil Wilson said the continuing decline in cryptocurrency values “puts paid to the notion of cryptos as a safe haven”.
But there is an area in the online world that is still creating strong steady profits for individuals that are investing their money into online eCommerce businesses.
According to Statista, the market research firm, retail eCommerce sales worldwide rose to $1.86tn in 2016 and e-retail revenues are projected to grow to $4.48tn in 2021. Additionally, the continuing trend of transferring retail sales from bricks and mortar stores to online platforms has created a window of opportunity for independent people to take advantage of and share the rewards. There really is no time like the present to take advantage of this profitable industry.
Through following a tried, tested and proven system to create and establish a successful online eCommerce business by using the power of platforms like Amazon, you can become a global eCommerce entrepreneur selling a suite of perfectly-selected popular and profitable consumer products directly from your laptop. You’ll never have to create, handle, stock or ship the products yourself so there are no premises or staff required.
Want to invest your money in the ever-growing eCommerce market? Platinum Business Partners is now considered the leading eCommerce training in the UK. Guiding you through the entire process of building, launching and growing a profitable and scalable eCommerce business.