It is a digital currencies that many used as of today, the're lot of people talking about investing in a cryptocurrencies than in a bank because you earn a penny in a year investing in bank while investing in cryptocurrencies will make you rich in just 24 hours. DO YOU KNOW THAT? of course. YOU ARE HERE TODAY BECAUSE YOU KNOW SOMETHING ABOUT CRYPTOCURRENCIES AND NOW YOU WANT TO EARN SOME.
Should You Invest in Cryptocurrencies?
If you are considering investing in a cryptocurrencies, it may be best to treat your investment in the same way you would treat any other highly speculative venture. In other words, recognize that you run the risk of losing most of your investment, if not all of it. A cryptocurrency has no intrinsic value apart from what a buyer is willing to pay for it at a point in time. This makes it very susceptible to huge price swings, which in turn increases the risk of loss for an investor. Bitcoin, for example, plunged from $260 to about $130 within a six-hour period on April 11, 2013. If you cannot stomach that kind of volatility, look elsewhere for investments that are better suited to you. While opinion continues to be deeply divided about the merits of Bitcoin as an investment – supporters point to its limited supply and growing usage as value drivers, while detractors see it as just another speculative bubble – this is one debate that a conservative investor would do well to avoid.