Is Cryptocurrency investment like Bitcoin, Ether, Ripple, Litecoin are safe ?

Is Cryptocurrency investment like Bitcoin, Ether, Ripple, Litecoin are safe ?

Bitcoin : Most Famous Cryptocurrency

Image Source : bernardmarr.com

This is also called digital currency is known as some crucial lines of computer code that hold monetary values. Govt. and other bitcoin relevant and relevant departments have no control over the transaction and creation of cryptocurrencies or bitcoin, which initially made them famous or valuable.

Most of the bitcoins and cryptocurrencies start with market cap and industry in mind, which means that their production will decrease or deduct over time. Thus, usually, making any or particular coin more valuable or expensive in future. Bitcoin was one of the most crucial and first part of cryptocurrency ever invented by the developer Satoshi Nakamoto in 2009. Other coins and currencies created post it is called altcoins and named as Peercoin, Feathercoin, Ethereum and Litecoin.

Bitcoins can smoothly be stored on a person or user’s computer hardware hat id offline, which referred to as cold space or storage. The bitcoin currency also is stored and called online, which referred to as hot storage, but the hot storage is hazardous for bitcoins storage.

How to Invest in Bitcoin?

Hold bitcoins and buy them until you make some fantastic sell and profit them. This can be done through some unique or different platforms such as insecure, Zebpay, Zoltpay and many more platform . It is no doubt that whoever invested in cryptocurrency and the bitcoins’ initial coin offering are not millionaires and have increase million by a mere investment of 50k or little less. The bitcoins and currency have sky-rocketed since its launch in the year of 2006, and the peoples and customers are continuing to invest more in the hope that someday it would make them powerful or wealthy. The generation was nothing more than gold rush or technology and whoever invested is now a millionaire or rich.

You can also begin investing in coins like bitcoin by using some unique exchanges and platforms. Some fantastic and trusted platforms in the bitcoin industry, such as Zebpay and Coindesk, help you begin investing in the bitcoins.

Or the other cities or countries bitcoin market, Unocoin is known for the BTC investment, although some different business investors are not pointing towards the positive and fantastic feedback. Bitcoin investors are given some beneficial advice to analyze every platforms or source before signing up and beginning up. We neither criticize nor endorse any bitcoin investment ideas and media.

The Risk Involved in Bitcoin:-

1. The bitcoin or cryptocurrencies market is volatile, and it can make you a wealthy (billionaire) in a day. It can also spoil everything you ever invested within a while. Look at some fantastic classic case of Ethereum, at the beginning of the year 2017; the rate was close to approx,$40, which later enhance to approximately $400. Not it is presently trading at $150-$200.
2. Another example of what should ho wrong and unstable in the crypto coins realm is the leading case where an exchange dropped the rates of one coin to $0.10 and targeted the stop losses by the customer.
3. The vase of this bitcoin and cryptocurrencies investment, Blockchain is in its early phase and critical. There is a little potential for mass adoption, South Korea and some other relevant countries are moving in a direction to legalize the bitcoins investment.

Risk of Bitcoin Fraud:- While the bitcoins use securely vital encryption to ensure the register and owners transactions, scammers and fraudsters may attempt to sell fake or false bitcoins. For instance, in July 2013, the SEC buy legal action’s against a user or operator of a Bitcoin-related Ponzi scheme. There have also been some crucial and documented Bitcoin value manipulation cases, another common form of scam.

Market Risk:- Like with any bitcoin investment, Bitcoin rates can fluctuate. Indeed, the bitcoins and currency value has seen wild swings in price over its short existence. Subject to high volume selling and buy on exchanges, it has a high sensitivity to “news”. According to their CFPB, bitcoins’ value fell by 61% in a single day in 2013, while the one-day value drop record in 2014 was a big as 80%.

Author : Pawan Bugaliya

Note: This article just information based article . Wikiifeed  do not support any unethical practice of any investment like bitcoin mining or any Ponzi scheme. Also note that bitcoin (cryptocurrency) investment are highly risk taking investment. We are not responsible for any kind of your loss.