Post
Topic
Board Beginners & Help
Re: Before Investing in Cryptocurrencies
by
Shimmiry
on 07/06/2018, 16:32:56 UTC
6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.
You are right with those things, before investing people should know and have the knowledge of what they're doing because once they invest into bitcoin one slight wrong movement might cost you everything. Bitcoin is pretty much a risky investment but once you got to know how to speculate how it's behavior is then you might get a hold on with it and really manipulate things to get your profit.