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Is Cryptocurrency a Good Investment For You?
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[QUOTE="sincerem, post: 236499, member: 25228"] [B][FONT=Courier New]I read from the beginning to the end, you added class in putting down the points explicitly when it comes to risks involved when investing in cryptocurrencies. Risks like volatility, regulatory issues, hacks etc,are problems around cryptocurrencies. Many are still afraid to go into crypto currency investment due to all this lingerings. You talked about investing what you can afford to lose within a given period of time, what you said there is perfectly explained. Most people fall victim of investing much around crypto due to their background of knowledge, they were misinformed, making them to lose money they didn't expect to lose, due to the coin they opted for, dipped in. As beginners, their should be need to learn the basics of investing in crypto, your article is a clear indication of that. Their is no need of investing into crypto currency ignorantly. The volatility is there, when a coin falls too easily in a dramatic way, it takes some time to build up just as we're experiencing at the moment. Bitcoin once reached $70,000 in price, but currently around $42,000+, it will take some time to hit back $70k in the future. Not everyone has such patience to wait for the coin to go back to it's benchmark price and above. That's why many are losing money, which has led them branding crypto scam. But it isn't, because they failed to study the volatility, know the basics before investing. [/FONT][/B] [/QUOTE]
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