Crypto market

in #cryptocurrency7 years ago

Now I've been asked a lot by a variety of people the question why hold shares in cryptocurrency? Well to put it simply, it has created more returns in the past year that most stock markets do in the course of a lifetime. Now with that being said, I don't want anyone diving head first into the crypto market scene without having done some research first. I'll give some basic facts about the crypto market but please before investing do some research on your own.

  1. Cryprocurrency is incredibly volitle.
    You might hear talk about getting rich quick through the digital currency market but those people are a small percentage of the market. 9 times out of 10 you will end up taking a loss of you go into these investments with that kind of attitude.

  2. Any digital currency is not backed by a bank or anything.
    This isn't like the U.S dollar. Cryptocurrency is regulated by a governing body.

  3. Blockchain technology and cryptocurrency is banned in many countries.
    Many countries have banned the use of digital currency and the implementation of blockchain technology.

The crypto market is a new and growing place with thousands of different alt coins (a coin other than bitcoin) be sure to do your research before putting down a claim on coin. Make sure to be informed. And go in being modest about your returns.

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