Are you interested in investing in Bitcoin cash or any type of Cryptocurrencies? Well I have a few tips for you about investing into cryptocurrencies.

Here are some pros and cons about investing in cryptocurrencies:

PROS

1. 24 hours accessibility

Cryto moneys are easy to access 24 hours. And you have the control for it. Any time you want to pay or anytime you want to transact are always available. If you have no cash available you can use it to pay.It can be accepted worldwide. This means to say that using cryptocurrency is like having a dollar currency, because dollars are most powerful denomination in the whole world and accepted worldwide. Cryptocurrency are accessible world wide because it it digital in nature. Like any digital products it can be delivered anytime and anywhere. And no more transaction fees. And the good thing is the transaction is in real time, in just a matter of few seconds. So in other words it so easy to transact, east to use and is available 24 hours.

2. More confidential

Confidential in a sense that you are the only one who know your account, it has passwords and has a security features, like double authentication features. Before you withdraw your money it will notify your phones. And not only that, of course we are using what we call the "Blockchain technology". So what is this so called Blockchain technology, it is used to protect users against identity theft. It has also an element called "online privacy". Because of its confidentiality, you will never know where the money came from and at the same time it has "anonymous features". Well from the word anonymous it can also be used in some shady transactions. So be wary in your security transaction because it may be hacked and used by others.

3. No middle man

You don't need to go the bank. You don't have to wait in lines. You don't need to go to an ATM machines. Where will you get your money? Well it is an ledger which what we call again the Blockchain technology, in other words, the datas are available and it can be seen by anyone and anytime, its already available in the palm of your hands.

Now let's go to the cons.

CONS

1. It can be difficult to understand

It's true. There are so may informations about it in the internet but still it is not enough to fully understand it. Aside from the lack of knowledge in cryptocurrency, it can also be challenging to some people who has lack of understanding in using the technology. Also if you are afraid to make transactions online it is very important to listen carefully and gather enough informations before we can fully trust this new system in terms of finance and investments.

2. Challenges of market fluctuations

Read carefully before you invest. Cryptocurrency is not only a currency, not only considered as money, it is also a form of an investment. It can always rise up or fall down of its value. Since cryptocurrency is not that long ago introduced, therefore its not yet stable, it is prone to fluctuations.

3. No security in case of loss

What if all your data are lost digitally?? I'm not saying that its not secure. What if your computer is hacked? Your systems are hacked? Everyone sees your profile, they all sees your passwords and sees your authentications and they used it? Well it's a goodbye for you. Because its not liable from which you buy and you lost the money not like from a bank which things are covered. Some users don't put their crypto online, they put it in an USB flashdrive and lock it carefully. But the problem is when they misplaced the flashdrive, then it a human error. The funny thing is when you lost your flashdrive is like losing your money.

4. Easily take advantage of the system

Since this is a new form of currency and new form of investment. Some people always takes advantage of it system. Therefore there are legitimate, always buy crypto to legitimate companys. Always ask your bank if where to buy legit cryptocurrencies. Aside from that don't ever think of large incomes why? Because there are many scammers. Not only they will encourage you to invest but they will encourage you to encourage other people to invest and in return you will receive commissions from the investors.

So if you want to invest to crytocurrency is always up to you. Just always be careful in choosing what investments you want. Because its your own money we are talking about. Like all investments it has its advantages and disadvantages. It has its rise and fall moments. So be smart to choose which investments to invest.