Don't be a Liability

Liability is the biggest downer when it comes to cryptocurrency investments. The term is used as a reason by a lot of people not to invest in cryptocurrencies. Is it really that bad though?

The answer is, in many cases, no. It all depends on the situation and most of the time it’s because of a misunderstanding of the word ‘Liability’.

Investing in cryptocurrencies is becoming increasingly popular and with the highly volatile nature of Bitcoin and other cryptocurrencies, more businesses are looking to provide a safe haven to investors with insurance. This is however not the case in the crypto markets as there are no such things as insurance for cryptocurrency investments. If you buy a stock or invest in your bank savings account, then you can recuperate some money if you lose it, but if you were to buy something like Bitcoin Cash (BCH) and then lose it, there is nothing that can be done to get that back.

Liability – With cryptocurrencies investments you cant be a liability to anyone, nor should you be dependent on anyone.

You need to be completely independent not only from the market but from your exchange and anyone who could potentially control it or lose access to it.

The most important thing is to always have your cryptocurrencies securely stored outside of your personal accounts.

While that might sound like a bit of a hassle, there are a number of simple steps you can take right now to make sure nothing happens to your cryptocurrency holdings.

BitGo is the world's most secure wallet platform and crypto custodian.

We offer secure custody solutions for individuals and institutions that support Bitcoin, Litecoin, Ethereum, Ripple and all major alt coins. We make it easy to buy and sell digital currency, manage portfolios of crypto assets and initiate transactions quickly across multiple trading pairs from one interface. BitGo supports all major fiat currencies and all coins on over 30 exchanges.

Now, I would like to thank everyone who has invested in Bitcoin and Cryptocurrency. The reason why I say that is because cryptocurrency is going to replace everything, including the debt that people own and the stocks they own and the papers that they have in the bank. So I want to thank you for investing. If you didn't take part in cryptocurrency, one day you're going to wish that you did.

To my wonderful and extreme subscribers, inspiring readers, commentator, upvoters and also my generous sponsors . Thank you all so much for been there, from the bottom of my heart I say thank you. Adereign cares.