In my opinion, the main risks are as follows:

1. Theft or loss by negligence
If an attacker gets access to the investor's private key, they can steal absolutely all the contents of the digital wallet.
2. Lack of security
One of the biggest risks is that the Bitcoin virtual currency is not backed by anything. Absolutely all national currencies of different countries of the world are provided with state assets. Electronic currencies are backed by the assets of the companies that created them.
3. Risks related to cyber-security
Hackers can hack into virtual currency trading platforms. For example, in August 2016, one of the largest cryptocurrency exchanges, Hong Kong's Bitfinex, was hacked and stolen 119,756 BTC, or $ 72 million, which led to an instant drop in the Bitcoin exchange rate by 23 percent.
4. Virtual Currency Fraud
Since the creation of Bitcoin, its adoption has grown exponentially, making it the most popular virtual currency used around the world. Unfortunately, with the growing popularity of cryptocurrencies, the number of scammers who want to make money on it also increases.
5. Lack of consumer protection
The unpleasant fact is that Bitcoin does not provide any consumer protection. The completed transactions can no longer be undone. All you can do after a failed transaction is trying to convince the recipient of the funds to voluntarily return them. This is a consequence of the fact that there is no intermediary guarantor, as in the case of bank cards.
6. High volatility
Fluctuations in the value of Bitcoin, in general, are almost unpredictable in the short term, and this adds to its riskiness. Financial experts can predict the value of the dollar, euro, and other real currencies or stock quotes relatively accurately.
7. The risks associated with the development of technology
The technological component often develops very quickly, and sometimes even uncontrollably. Everyone knows that Bitcoin already has and continues to have a huge number of competitors almost every day. Although Bitcoin is the most recognizable and popular cryptocurrency, there is still a very real technological risk that another more advanced virtual currency will appear. Investors simply may not notice the moment when their virtual funds lose their real value.
8. Regulation of the currency
Today, each country has its own approach to regulating cryptocurrencies. The lack of a single well-thought-out system for regulating cryptocurrencies only increases the uncertainty factor regarding their future. Regulators in many states are concerned that Bitcoin and other cryptocurrencies may be used for speculation, drug trafficking, money laundering, terrorist financing, and other illegal transactions. With the growing popularity of cryptocurrencies, the state authorities of many countries are beginning to actively come up with various legislative initiatives to regulate the turnover of Bitcoin and other virtual currencies.
9. Taxation of virtual currencies
This factor follows from the previous one. Investors who are going to invest in cryptocurrency should also take into account that there is considerable uncertainty regarding the taxation of the circulation of virtual currencies in different countries. In some jurisdictions, cryptocurrencies are considered an asset; in others, they are not.
10. The problem of network scalability
The problem of scaling the Bitcoin network has not yet been fully solved. Network bandwidth has long been a concern, and the growth of commissions makes small transactions not quite profitable (for example, transactions that are associated with the sale of BTC mined on Bitcoin cranes), and transactions with a large commission are also increasingly "stuck" in the network. Of course, they have been working on a solution to this problem for a long time, but so far none of the proposed options is an ideal solution. And if the problem of network congestion worsens, it will affect the position of Bitcoin as a payment instrument.

Experts agreed that digital money will gradually replace traditional ones. However, it is too early to talk about the complete replacement of paper currency within 10-15 years, most likely this will affect only large, developed cities and countries. At the same time, the digitalization of the payment system may occur in the developing countries of Africa, suffering from inflation. Moreover, now bitcoin is in great demand in them.
Despite the fact that many people know almost nothing about cryptocurrencies, there are also those who not only know about all the advantages of cryptocurrencies but also actively use them — in particular, for storing funds.

A cryptocurrency wallet is increasingly becoming an alternative to an offshore savings account. Funds are transferred to such a wallet, but are not withdrawn, and are stored there until the right moment. Such actions allow you to achieve several goals at once:
- complete anonymity — funds are not accessible, including to the tax authorities, who can only obtain information if the owner is voluntarily recognized;
- over the past few years, cryptocurrencies, especially bitcoin, have grown significantly in price and continue to grow, which makes it possible to earn money on the growth of the exchange rate;
- the ability to avoid tax liabilities.
Gradually, the cryptocurrency space is turning into a tax super-haven, which allows you to store funds with 100% anonymity.

Many representatives of the offshore industry are concerned that cryptocurrencies can completely replace offshore banks. And these concerns are not unfounded.

Time also works in favor of cryptocurrencies. If offshore banks have long been "under the gun" of governments and fighters against tax evasion, then the world of cryptocurrencies is still not fully understood and studied in space. And those who become pioneers in this space are likely to get the most benefit.

1. First of all, you need to decide on the cryptocurrency on which you want to earn money. There is no common rule here, almost any token has the ability to go up sharply, and then just as quickly collapse. A novice crypto investor can only predict these movements with a lot of luck. But you can do something to protect your investments.
At first, it is better to choose a currency that has been around for a long time and is in demand among traders-like Bitcoin or Ethereum. They usually do not grow in price as quickly as altcoins — little-known cryptocurrencies, but it is easier to find a buyer for them if you urgently need to sell tokens.

2. When choosing a cryptocurrency and an exchange, do not get carried away with absolutely fantastically generous offers. Crypt is, of course, a special world, but there is no free cheese here either. If they promise super profits - look for what the catch is.
Typical signs of dubious crypto projects:
- The people identified in the project team have not previously met in the news of the crypto world. In some cases, the project team can even find the faces of famous actors with completely different names — this, however, is quite an outstanding precedent.
- The creators of the cryptocurrency promise a guaranteed profit. Most likely, it is a pyramid.
- The repository with the project code on GitHub is almost not updated. This means that either the project itself does not exist at all, or no one is engaged in it.

3. Crypto wallets are used for storing tokens. And more — save all your passwords and codes that you see when you create and use a wallet. For your own safety, the developers of many wallets show them only once. You can even write them down on paper if you are sure that you will not lose them.

4. It is very important that all your operations with the crypt go through a secure communication channel. If you access the exchange's website via public Wi-Fi, criminals can intercept information about transactions or spoof the Internet page to steal your assets.

Inexperienced users can make a lot of mistakes when starting to work with cryptocurrency. For example, choose an exchange where it is risky to store funds or specify the wrong address when transferring digital assets. Each of these and many other mistakes can lead to a partial or complete loss of the invested funds.

1. First of all, it is important for a user starting to work with cryptocurrency to decide on their strategy. It depends on where the trader will store their assets. If he prefers to buy coins and forget about them for a long time, it is safer to keep them in a cold wallet. If the user wants to try trading digital assets, it is better to choose an exchange.
Both methods have their advantages and disadvantages. It is more convenient to keep assets on the exchange: they can be sold at any time, exchanged for other coins, or withdrawn into fiat money. This is especially true during sharp market fluctuations. If a rapid decline in the price of bitcoin begins, the coins stored on the exchange can be immediately exchanged for dollars or other currencies.
The middle gold can be hybrid wallets that work, for example, as applications on a smartphone. This is a more secure way to store funds than on the exchange, and at the same time, most of these wallets allow you to make purchase and sale transactions with popular cryptocurrencies.

2. After choosing a strategy, you should create a wallet for storing cryptocurrency: either download the application to your computer or smartphone or create an account on the exchange. You can choose both options. Experienced traders hold on to the trading platforms part of the assets that are needed for operations. The remaining funds are stored in OTC wallets.

3. There are two main ways to buy cryptocurrency. The first is directly on the exchange if you have created an account on it. Many large trading platforms now allow you to top up your balance directly from your card or through a payment system. For this, a commission is taken, usually in the amount of 3-5%.


And in conclusion, I can say that it is extremely important to choose the right strategy and stick to it.

Well... There are several ways to predict changes in the price of cryptocurrencies and other financial instruments. You need to know how to determine the trend reversal, why the emotions of investors play an important role in the digital money market, and what you need to monitor in order to learn how to predict the movements of bitcoin and altcoin quotes.
First, you never need to go against the trend. When a trend reverses, it slows down slowly, and this is most often the correct pivot point. And you need to carefully monitor the number of wallets, the number of transactions, and the cost of mining — this data helps to understand the ratio of supply and demand (applicability) of bitcoin.

It is also important to monitor the support or resistance levels, but it is more correct to call them "zones" because these are not levels like lines, but zones around some prices that the asset has tried to overcome several times.

But anyway, I think, it's important to trust the experience. I think, some persons just have some special guts about trending and pricing. If you need any tips, I would like to recommend contacting this person (Roust-Semy). He can give some valuable advice.

Finding the perfect moment to buy bitcoin is literally impossible. Whatever the price the trader has not acquired an asset with a high probability it will fall before moving into a phase of long-term growth. Therefore, some investors use the "averaging" strategy.

My strategy works like that: split the capital into several parts and buys bitcoin with them over time. Thus, if the price of the asset falls, you can use this as an opportunity and buy more coins. In this case, the average purchase price of BTC will decrease.
Each user can determine for himself how much he will divide the capital. The more of them — the more average the price will be. The best option is to invest $25 in BTC every day. Do not waste time on other assets, do not spend money on currencies that are less known and that have been on the market for as long as bitcoin. Simply buy the most famous digital currency on a daily basis.

The undisputed leader in the field of digital money is bitcoin. This is the first cryptocurrency that occupies more than half of the market, at the moment its share is 58.6%. However, there are many other worthy blockchain projects that deserve attention.

Buying the only bitcoin is a mistake, you need to remember the rule of diversification. It says that one asset should occupy no more than 10% of the portfolio. It is risky to make a portfolio only of cryptocurrencies, even if they are different.

The CEO of the cryptocurrency neobank Chatex, Michael Ross-Johnson, called $1000 the best option to start investing in cryptocurrency. He also advised using no more than 10% of the available income for investing in digital assets. This approach will help you feel all the risks, but at the same time, the investor can not lose too much. However, this amount (or a percentage of the income) will allow you to feel the possibility of making a profit.

From my experience, I would like to suggest finding a reliable partner for investment. A holding or foundation maybe. https://cryptovalley.swiss/ is a good option to consider.

The new cryptocurrency Unit-e, created by North American researchers, is several thousand times faster than Bitcoin. Therefore, it can become a new threat to Bitcoin.
A group of scientists from the Massachusetts Institute of Technology (MIT), Stanford, and the University of California, Berkeley have developed a new cryptocurrency under the working name Unit-e. The project was funded by the non-profit organization Distributed Technology Research (DTR), which includes representatives of seven major us universities, and this was its first initiative. Pantera Capital, an investment blockchain Fund, also supported the development of the project.
The Unit-e virtual currency has managed to surpass Bitcoin, Etherium and other current tokens, although not yet in terms of value. The project developers managed to solve the problem with high system speed: the Unit-e network can process up to 10 thousand transactions per second.
Despite the promising cryptocurrency Unit-e and attempts to modernize existing transaction systems, the crypto market is still declining amid increased distrust of large investors.

Many of the Altcoins turned out to be either projects with no future or outright fraudulent schemes. As a result, altcoins are mostly the cause of losses among investors, because, in addition, they take away attention from bitcoin.

Most altcoins have had and still have millions of market capitalizations, meaning that representatives of the cryptocurrency industry have invested enough money in them. Of course, redirecting these funds to Bitcoin would seriously change the current situation with the Bitcoin exchange rate.

For example, projects such as Auroracoin, Paycoin, The DAO, and Bitconnect ended in either failure or a fraudulent scheme. The fraudulent Bitconnect project ceased to exist in 2018.

There are really a lot of "useless" altcoins in the cryptocurrency industry. They attract investors with the possibility of quick earnings due to the relatively high volatility. However, most often altcoins with low capitalization bring only losses and frustration to newcomers in the industry who do not have time to exit the project in time and find themselves in the red.

China is one of the major players in the cryptocurrency market, the country's strict administrative system, the imperative to solve any problems. The coronavirus is not in a single province of China, it is a risk to economic security.

If the epidemic gets out of control, the consequences could be most severe, given the high level of corporate defaults. The regulator will have to introduce strict measures, restrictions not only on the movement of people but also on capital.

Therefore, Bitcoin, which has gone from a repository on the site to amass technology for cross-border movement of capital, can get hundreds of millions of new users who simply physically restrict transactions with Fiat currencies. Not to mention the fact that mining farms may stop: the complexity of the network will fall, which will be used by other countries.

If we talk about the impact of inter-market relationships of assets, one of the main drivers for Bitcoin is the price of gold and the exchange rate of the Chinese yuan, the correlation of prices with which is obvious. If the coronavirus epidemic forces a state of emergency in the country, it can be assumed that against this background there will be interruptions in gold production, which will lead to an increase in prices for the precious metal. For the same reason, the exchange rate of the Chinese yuan will begin to weaken, which, as in the spring and summer of 2019, may lead to an increase in the price of Bitcoin (then the correlation was quite high).
It seems to me that in this matter of forecasting, it is very important to be able to combine a number of factors together. Personally, I work together with my reliable partner Roust Semy. His extensive experience in the field of cryptocurrencies helps to avoid risks even in such difficult situations.

From personal experience, I can say that it is becoming more and more difficult to identify fraudsters in advance and protect themselves from them. Even the most seemingly reliable companies disappeared at one moment with millions of investors.
I think we should introduce financial literacy related to cryptocurrencies. Perhaps we should start introducing educational courses or seminars more often to educate and protect those who have just started to build their careers in the field of cryptocurrency.
Perhaps it is time to change the concept of approach and build a real new network (IDYlliUM /Multiversum) that brings together proven and reliable partners with whom it would be safe to build a business.

I agree it is encouraging

People do not always trust the government, alas ...

Maybe finally life is restored

It’s just a lack of culture

Boycott needs to start with finding an alternative

My opinion, both sides suffer from this.

It's just a panic, it will pass over time

And will the Americans be ready to pay a large price for the goods?

The world is quietly going crazy