Why are cryptocurrencies contentious? Critics of digital currencies point to their volatility and say their use could undermine authorities’ control of global financial and monetary systems, increase systemic risk, fuel white-collar crime and hurt investors.
Read moreWhy is it bad to invest in cryptocurrency?
The value plummets and you sell : crypto is volatile with its price determined by sentiment. Though technically you only lose money if you sell an investment for less than you bought it for. This is known as “crystallising your losses”.
Read moreWhat are the disadvantages of cryptocurrency?
5 disadvantages of cryptocurrency
Read moreIs investing in cryptocurrency a good idea?
Cryptocurrency may be a good investment if you are willing to accept it is a high risk gamble which could pay off – but also that there is a strong chance you could lose all of your money. It is important before investing in bitcoin or other cryptocurrencies that you go in with your eyes open.
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