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Is cryptocurrency a good investment?

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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...
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How cryptocurrency works?

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Cryptocurrencies are a type of digital currency that is stored in digital wallets which can be obtained online or through a software application. Bitcoin is one example of a popular cryptocurrency, which unlike traditional currencies is not controlled by any government body, or central authority. In order for someone to send or receive bitcoin, they must have their digital wallet and the public address key code from the other individual’s wallet. The transaction can then be carried out through bitcoin's peer-to-peer payment network. How cryptocurrency works on blockchain ? Blockchain is the technology that enables cryptocurrencies to work. It is basically a digital ledger that records all cryptocurrency transactions in chronological order. Meaning, it tracks who sent or received the coins, and when the transaction took place. All information on blockchain is encrypted and not stored in any central repository where an individual or hacker might be able to gain access or copy it; ...
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