Should You Invest in Cryptocurrency?

2020-7-11 22:18

Investing in cryptocurrency is a question that you may be asking yourself. Bitcoin analysis isn’t easy and may take some time to understand the basics, but we are here to help you. Here are some things to know before investing in cryptocurrency.

Cryptocurrencies are volatile

The value of cryptocurrencies, especially bitcoin, experiences extreme highs and lows on a regular basis, which may pose a threat to a new investor.

The value of bitcoin went back and forth from $900 to $20,000 in 2017. Risk is the first thing you need to learn about investing in cryptocurrency, which is very high. Every investment comes with risk, but unnecessary risk is what you want to avoid. If you aren’t knowledgeable about the market, then an investment could be costing you your hard-earned cash. That is the last thing you want when investing in cryptocurrency.

Investments must be controlled and you shouldn’t go out of your comfort zone.

Unknowns

There are a lot of unknowns when dealing with cryptocurrency. There is still a lot to learn, especially for a new investor.

Few people actually understand the system and how to operate it. Learning the fundamentals of cryptocurrency isn’t learned overnight, and it takes time, no matter who you are. Not knowing what you are doing can make you vulnerable, and that can cost you a lot of hard-earned money. You first need to explain the system to someone else before investing in it in the first place, because if you don’t know the system, then you cannot be a successful cryptocurrency investor. 

Be smart and be safe, especially in the world of cryptocurrency. Nothing is guaranteed, so make sure you’re knowledgeable before you dive in.

Fraudulent Activity

One thing that comes along with cryptocurrency is fraudulent activity.

Staying anonymous and out of the sight of the government is only attainable by dealing with cryptocurrency. Therefore, there are many criminal activities that involve cryptocurrencies. Money laundering is also a major problem in the crypto world. Not everyone who uses cryptocurrencies to buy things online are bad, but there are many criminal activities that are being executed all the time, and the only currency that can protect criminals are cryptocurrencies. Always be careful with bitcoin.

The post Should You Invest in Cryptocurrency? appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Cryptocurrency (GCC) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0013182 (-100%)

cryptocurrency may investing understand time basics things

Èñòî÷íèê: captainaltcoin.com

cryptocurrency may → Ðåçóëüòàòîâ: 126


Cryptocurrency Wealth Concentration: Exploring the Problem and Possible Solutions

There are many criticisms of cryptocurrencies thrown about by the media, bankers, government officials, and other defenders of the economic status quo, and although many of these criticisms may have some truth to them, members of the cryptocurrency and blockchain community can just as easily counter most of them with their own arguments.

2018-7-13 00:03


Litecoin Foundation Partners With TokenPay and Acquires 9.9% of a German Bank

Decentralized payment platform TokenPay transferred to Litecoin its 9. 9% equity share in the German WEG Bank AG, setting the basis for a strategic partnership between the two companies. TokenPay had originally bought the stakes in the abovementioned bank for an undisclosed amount back in May, along with the option to purchase the remaining 90% once […] Litecoin Foundation Partners With TokenPay and Acquires 9.

2018-7-13 16:24


Ôîòî:

Indian Regulators May ‘Unban’ Cryptocurrency Trading Soon

The Reserve Bank of India’s (RBI) harsh stance towards the local digital currency space may not last forever. If the latest report coming from reliable sources at the finance ministry is anything to go by, authorities are on the verge of regulating blockchain-based virtual currencies as commodities, a move that would be very beneficial to cryptocurrency investors in the Asian.

2018-7-13 16:00


Ôîòî:

India Unlikely to Issue Blanket Ban on Cryptocurrency

Government officials in India have indicated that the government may adopt a more measured approach to regulating the cryptocurrency market.   We Don’t Want to Ban Cryptocurrencies Altogether In yet another twist to the unending saga of India’s stance on cryptocurrency market, recent comments from government officials indicate that the country may not ban virtual currencies entirely.

2018-7-11 17:00


India’s Cryptocurrency Banking Ban May Be a Bust

After much waiting and speculation on the July 5 deadline, India may forgo banning investment in cryptocurrency after all. Indian Ban May Be a Bust The three-month time span from the Reserve Bank of India’s initial announcement that all RBI regulated entities must cease any crypto related activities, including both individuals and firms, was filled with speculation.

2018-7-11 15:00


Ôîòî:

We should not directly regulate cryptocurrency says France’s ‘

France’s “Monsieur Bitcoin” Jean-Pierre Landau released an initial report into cryptocurrency July 5, claiming it was “neither desirable nor necessary” to regulate the technology. Government official and academic Landau consciously compares “technological” and “financial” innovation in the report, which runs to over one hundred pages. Some of the conclusions may come as a surprise to

2018-7-7 01:04


Ôîòî:

‘Why Don’t You Adopt It?’ Andreas Antonopoulos Advocates Decentralized P2P Commerce

Andreas Antonopoulos thinks it is not important whether retail giants such as Amazon adopt Blockchain, instead urging consumers to adopt it themselves. ‘Person-to-corporation-to-corporation-to-Visa-to-investment bank-to-MasterCard-to-corporation-to-JPMorgan Chase-to-corporation-to-person’ Speaking as part of a Q&A session during an appearance at the WeAreDevelopers World Congress in Vienna in May, the celebrated cryptocurrency educator said that commerce “has always been local” and decentralized technologies made it possible for it to become even more so.

2018-7-7 23:00


Ôîòî:

How Game Technology Can Be Used To Map Out A Future For Blockchain Technology

If you haven’t already seen, we have published a bunch of articles over the past week that discuss how similar the cryptocurrency and gaming industries really are. Within this, we have discussed various different notions and ideas, covering topics such as cryptocurrency as game play, addiction, the sociology of gaming and cryptocurrency and fandom/celebrity within gaming and cryptocurrency.

2018-7-4 13:00


Ôîòî:

The Price Decline of Cryptocurrency is Trivial in Comparison to Venezuela’s Financial Woes

It is still believed cryptocurrency will have a positive impact, although it may not be in the form of Bitcoin or even the Petro. Venezuela and Nano Mix Well According to a recent Reddit thread, the financial situation in Venezuela is only getting worse. It is evident financial hardship has become the new normal in

2018-7-3 17:57


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Will SOL Price Pump Lead to Solana Meme Coin Rally?

Solana (SOL) has reclaimed the $150 level and gained traction, even as the prices of Bitcoin and Ethereum have slumped. This positive price movement has historically been followed by a surge in Solana-based meme coins, as seen in late 2023 when the explosive growth of BONK and WIF closely followed Solana’s price pump.

Why $50,000 Will Fail As Support For Bitcoin (BTC)?

In a recent technical analysis, renowned crypto expert Alan Santana delves into Bitcoin’s price action, shedding light on the cryptocurrency’s current market structure, key support levels, and potential downside risks.

Is Merging Altcoins Inevitable?

Cryptocurrencies are in much wider use than ever before.   The public attitude towards them has changed, and the average user is now familiar with the technology and isn’t afraid to use it.   This has led to a proliferation of crypto tokens.