Is crypto currency a smart investment

is crypto currency a smart investment

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Or is there a more you can store it in author owns Bitcoin and Ripple.

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Coinbase crypto exchanges Updated on: October 2nd, This content has been Fact-Checked. Because cryptocurrency exists only online, there are important differences between cryptocurrency and traditional currency, like U. What Is Bitcoin? Investing in risky, volatile assets like crypto or stocks of individual companies can be rewarding, but quick, steep drops can put a big dent in your plans. So having an exit strategy is an essential way to manage your risks.
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Cryptocurrency? Maganda ba Mag-invest dito? (Alamin ang Pros and Cons)
The truth is that cryptocurrency is an extremely volatile asset. Investors need to understand that owning crypto involves taking on a great deal. Cryptocurrency is a relatively risky investment, no matter which way you slice it. Generally speaking, high-risk investments should make up a. You can't figure out the changes or calculate returns like you can with growth stock mutual funds. There just isn't enough data, or enough credibility, to create a long-term investing plan based on cryptocurrency. Don't play poker with your financial future here.
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Bitcoin was initially developed primarily to be a form of payment that isn't controlled or distributed by a central bank. Neither the author nor editor held positions in the aforementioned investments at the time of publication. While we adhere to strict editorial integrity , this post may contain references to products from our partners. Whether the SEC will treat cryptocurrencies, or specific types of cryptocurrencies, as securities will be at the forefront of crypto regulation, and could have major implications for the asset class in the near future. Are cryptocurrencies financial securities, like stocks?