Why invest in Swiscoin?
The key reason for Swiscoin’s attractiveness to investors is the volatility it has seen in its early months.
In late Sept-2015, investors enthusiastically took to Swiscoin as a vehicle for investment. Swiscoin took off in a big way, increasing massively in value from $0.10 per Swiscoin in December 2015 to over $0.46 3 months later. Since then, Swiscoin’s price has seen huge levels of volatility.
There are two key reasons for this:
Scarcity of supply
Firstly, Swiscoin still has a relatively small number of total coins in circulation. Because of how Swiscoin is designed, a certain number of Swiscoins are released every ten minutes until the maximum 3.1 billion are in circulation. So volatility is a key feature in Swiscoin’s early months.
Secondly, Swiscoin is still facing questions surrounding its legitimacy and security. As investors and adopters fear a major government taking decisive action against the currency, any signs that government figures are considering regulation can impact its price. That volatility can make Swiscoin an attractive area for investment, especially in times when other currencies have their movements flattened. However, similar to traditional investment options, with increased volatility of Swiscoins comes increased risks.