Is Cryptocurrency a Risky Business?

BIT COIN HAD NO VALUE PER SE, THEY WENT UP OVER $20,000 PER COIN. MANY PEOPLE HAVE MADE EASY MONEY AND THIS HAS CAUGHT THE ATTENTION OF ONLINE INVESTORS.

COULD PUTTING YOUR MONEY INTO CRYPTO CURRENCY BE RISKY? SOME FINANCIAL EXPERTS ARE GIVING THEIR WARNINGS.

TO MOST OF US, CRYPTO CURRENCIES ARE A RISKY AND UNKNOWN WORLD. PEOPLE THAT SAY THAT ARE SCARED THAT MONEY DON’T MAKE MONEY Reporter: HE CLAIMS HE HAS DONE QUITE WELL AND THE MARKET TAKING ADVANTAGE OF THE VOLATILITY.

BANKING AND SECURITY SECRETARY AND CERTIFIED FINANCIAL ADVISORS SAY THERE ARE A NUMBER OF REASONS TO BE CONCERNED. RETRIEVAL AND HAVING YOUR CURRENCY IS ONE RISK. THERE IS NO AUTHORIZED AND REGULATED MARKET FOR THE ISSUANCE OF THESE COINS. NOT ONLY DO YOU NOT KNOW WHICH BANK TO GO TO, THERE IS NO GUARANTEE BEHIND IT.  MEANING LIKE THE FDRC GUARANTEEING YOUR BANK ACCOUNT, IT’S LIKE BEING ON THE NET WITHOUT A NET.

THE EXPERTS CRINGE AT REPORTS THE PEOPLE HAVE MORTGAGED THEIR HOMES TO GET INTO THE CRYPTO CURRENCY MARKET IN HOPES THE BIG ONE FALLS. I THINK THAT IS EXTREMELY FOOLISH AND DANGEROUS. IT SMOOTH AND EASY TO LOSE. IF YOU HAVE ANY INTEREST IN INVESTING IN THEM, IT SHOULD BE A SMALL AMOUNT OF MONEY THAT YOU CAN AFFORD TO LOSE. THAT IS EXACTLY THE APPROACH THAT THESE PEOPLE SAY.

As found on Youtube

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