Cryptocurrency? Scam or Opportunity? Secrets of Blockchain and Cryptocurrency

Cryptocurrency? Scam or Opportunity? Secrets of Blockchain and Cryptocurrency



three essential things you should know about cryptocurrency in this tutorial I'm going to show you three important things that you should know about cryptocurrency before you invest digital currencies unlike many other investments are incredibly complex and risky crypto currencies like Bitcoin and aetherium are intriguing because they are unregulated by governments limited supply and privacy and financial transactions however they are also extremely complicated to understand and can only be purchased through specific online venues and are no longer cheap which experts say make them a risky investment don't buy cryptocurrency because it's trendy you have to know how to decipher between investing and speculating if you decide to become an investor in cryptocurrency only do so with what you can afford to lose and always have an exit strategy also keep your eye out for crypto currencies surrounded by less hype that have the potential to build on Bitcoin strengths know the technology if you are interested in investing in cryptocurrency you should know how the technology works how you can use it and the value it creates the quickest way for an investor to lose money is to buy into an asset class that they don't understand you also need to know the fundamentals like that blockchain technology is a technology that can be used by anyone while crypto currencies are store values just like other currencies making their value little to do with the underlying technology keep on top of regulatory attempts soon more and more governments will start to announce plans to regulate Bitcoin by controlling the transfer of money into it this also means that they could launch a major investigation to target the more than 100 million in unpaid taxes related to cryptocurrency gains potential investors need to determine if there are compliance risks legal issue and regulatory risks before investing in cryptocurrency the key to understanding these risks is transparency when it comes to cryptocurrency investing it is important to remember that what goes up can also go down volatility goes both ways which means that your investment in digital currency can go back to zero just as quickly as it can go up another $1,000 in this tutorial you'll learn the four things that you need to know before you invest your hard-earned money in cryptocurrency after years of unprecedented gains the cryptocurrency market saw a dramatic drop in value in 2018 the market correction brought everything down and should make you a bit cautious with your crypto investments here are four things that you should know before investing your hard earned income in crypto currencies understand the risks when investing in crypto currency it is imperative that you understand the inherent risks involved in these kinds of investments if you are looking to buy into an ICO know that you are buying into a startup and that most startups fail also it's important to understand that crypto markets are not regulated making it easier for a few of the more prominent investors to corner the market at your expense start small it can be exhilarating to watch the value of cryptocurrency quickly rise however because it is still such a volatile market you want to start small and avoid going all-in try to keep your crypto exposure to a reasonable level your exposure limit will be different than anyone elses and should taking consideration your age your income and your level of wealth you also want to make sure you diversify your crypto holdings and remember that the more you spread your investments the more likely you'll make a profit be picky a broad market correction no matter the investment will bring everything down both the good and the bad buying during a severe market correction means that you have the opportunity to shop around for great investments at a deep discount pay attention to the drivers that support the price of the currency and go after tokens with a strong fundamental demand for the platform they support don't be lazy if you are dead set on buying into icos you need to do a lot of research and get the dirty work done in the first half of 2018 alone more than 600 AI CEOs went to market creating a lot of white papers to analyze before investing in these you need to make sure that you are good at distinguishing a good startup from a bad one you need to look at the founders and analyze their expertise and their track record and determine if certain organizations are backing the blockchain application don't let the current downward trend keep you from considering investing in cryptocurrency with the right amount of research and understanding you can still invest in cryptocurrency and make a profit

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One thought on “Cryptocurrency? Scam or Opportunity? Secrets of Blockchain and Cryptocurrency”

  • PeterGuessDesigns - Video Production says:

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