Are cryptocurrencies a good investment ?
Cryptocurrencies are good investments if you want to get direct
exposure to the demand for digital currencies, but a safer option is to
buy shares of those companies that deal with cryptocurrencies.
Cryptocurrency mining stocks are also an option you can consider.
It’s possible to get filthy rich by investing in cryptocurrency in 2021. But you could also lose all of your money. How can both be true? Investing in crypto assets is risky but also potentially extremely profitable.
With cryptocurrency being young, and the market being historically
volatile, there is no ‘yes or no’ answer about the wisdom of investing
in cryptocurrency. It is with this in mind that we cover some pros and
cons and friendly (but not professional) advice.
Is cryptocurrency safe and a good investment ?
Just like anything else in life, cryptocurrencies come with their own
baggage of risk. Whether you trade cryptos, invest in them, or simply
hold on to them for the future, you must assess and understand the risks
beforehand. Some of the most talked-about cryptocurrency risks include
their volatility and lack of regulation. Volatility got especially out
of hand in 2017, when the price of most major cryptocurrencies,
including Bitcoin, skyrocketed above 1,000 percent and then came