Bitcoin, the original cryptocurrency, has been around for more than a decade and it’s significantly less likely to disappear than most other coins. While the market is basking in the glow of bull run, it has endured painful and protracted corrections and almost certainly will again.ĭanger varies in degree. The prices of crypto coins swing wildly from minute to minute. There is no FDIC insurance for this stuff, nor is there a buyer of last resort. What’s more, it’s unregulated in most cases. Nothing is guaranteed other than volatility. Don’t put in more than you can afford to loseĬrypto is riskier than many other investments. You can subscribe to get the full newsletter here. This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. If you just started paying attention to cryptocurrency and are wondering whether to invest, here are 10 things you need to know before buying anything.Įven if you’re an old pro, you probably know someone who’s curious because they heard on TV or at the bar that the price of some coin is surging and they can get rich quickly trading it. Skyrocketing prices are surely tempting to newcomers, but they should be aware of the risks before jumping in. television and bitcoin’s growing acceptance on Wall Street, cryptocurrency is reaching a wider audience than ever before.
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