Is cryptocurrency a good investment?
Cryptocurrency is a hot topic right now, with many people looking for ways to invest their money. But is it really worth it? In this article I'll discuss the risks, pros, and cons of investing in cryptocurrency. The best part: You don't need any experience with cryptocurrencies to see if this would be a good investment for you or not! How it would be good ? Because of high volatility, the potential for short term gains, and the fact that you can invest in it with very small amounts of money. How it would not be good ? Because there are risks involved, there are people who will scam you (fraudulent investments etc.), if you do invest long term, you can't profit from the volatility because by definition positions must be held for months or years at a time. Tax treatment is complex and uncertain. In this article I'm going to look at the risks and rewards of cryptocurrency investing, and give you some simple recommendations. As always, this is not financial advice so pl