Holicent
VIP Contributor
Cryptocurrency investment is what so many would want to go on with, but then you need to read this reasons you shouldn't invest that $1000.
Volatility
Cryptocurrency is one of the most volatile commodities, prices can fluctuate rapidly within little intervals which can lead to significant losses on your capital.
Problem of Regulation
Online conventional investments, cryptocurrency is not well regulated which gives room for fraud and security breaches. Well known exchanges have been hacked or compromised which lead to losses.
Influence/Hype
It's surprising how people influence cryptocurrency, people of high caliber sometimes determine the rise and fall in such currency when they engage. This rise is not as a result of the value but the influence of the said individual or bodies, which makes it unreliable.
Inexperience
You need more time to understand the market and the commodity itself before engaging, less you lose your investment in no time. It could take so much time to learn and adapt to the trend.
Government Regulations
The fluctuating involvement of the government in cryptocurrency regulations has made it unpredictable.
Volatility
Cryptocurrency is one of the most volatile commodities, prices can fluctuate rapidly within little intervals which can lead to significant losses on your capital.
Problem of Regulation
Online conventional investments, cryptocurrency is not well regulated which gives room for fraud and security breaches. Well known exchanges have been hacked or compromised which lead to losses.
Influence/Hype
It's surprising how people influence cryptocurrency, people of high caliber sometimes determine the rise and fall in such currency when they engage. This rise is not as a result of the value but the influence of the said individual or bodies, which makes it unreliable.
Inexperience
You need more time to understand the market and the commodity itself before engaging, less you lose your investment in no time. It could take so much time to learn and adapt to the trend.
Government Regulations
The fluctuating involvement of the government in cryptocurrency regulations has made it unpredictable.
