Is it wise to invest any amount of money in cryptocurrency as opposed to investing in other forms of investment?
In any kind of investment, there is always the burden of fear from the unknown or uncertainty. The best way to answer this dilemma is to answer some of the frequently asked questions in investment circles. This way one can identify the advantages and disadvantages of investing in cryptocurrency as opposed to other traditional types of investment. Every investment comes with its opportunities and threats.

Advantages or benefits

• Cryptocurrencies ensure that transfer of funds between business or people is safe and exceedingly easy. Private and public keys are utilized to ensure transactions are safe and transference fees for funds are kept at a minimum low.

• Blockchains are online ledgers and people can transfer them through computers ensuring that others are honest. This makes transactions transparent since different people can verify them.

Disadvantages or risks

• Crypto currencies are backed by computers and maths as opposed to other currencies that have precious metals to back the.

• There are no physical coins and notes to represent the currency and therefore no central repository making it hard to recover any balance in case of a system crash.

• Cryptocurrencies experience a lot of fluctuation and this can lead to the market being volatile meaning that a lot of money can be lost or gained within a short period.

• The possibility of theft is exceedingly adamant with the existence of hackers and the prices attached to the currencies.