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Bitcoin & Co: To buy or not to buy

As cryptocurrencies like Bitcoin, Ethereum and Litecoin are on the rise and people like you and I are considering to invest (or disinvest if you are one of the lucky few, who already possess Bitcoin), I feel that there is a big desire to make (more) well-founded decisions.

I am sure some of your friends and co-workers have invested a couple of years/months ago and so naturally ou are asking yourself: “Should I invest too?”. Reading about the tremendous growth – in terms of return on Bitcoin as well as  the cryptocurrency market as a whole – there are at least two good reasons to invest (or gamble as others would put it). However, there is also this fear of “being too late to the market”, investing in “a bubble that is about to burst”.

So, what to do? My recommendation is: inform yourself about cryptocurrencies, follow the press and evaluate the risk for yourself before you make a decision.

Here are some articles that I can recommend to you (remember: a lot of articles you find online are written by people who have a personal interest in the rise of decline of cryptocurrencies, simply because they are invested or in case of banks puts their business model at risk!):

So are you still wondering what the risks of Bitcoin & Co. are?  Some of the biggest risks for all cryptocurrencies include, but are not limited to:

  • Underlying blockchain technology fails; companies will not accept Bitcoin as a method of payment; no physical representation
  • Regulation by governments (i.e. closure of exchange platforms)
  • Exchange platforms are a target for hackers
  • Market psychology (investors moving to other assets/currencies)

READY TO INVEST? THEN I RECOMMEND TO USE COINBASE, ONE OF THE LEADING EXCHANGE PLATFORMS FOR BITCOIN, ETHEREUM AND LITECOIN IN EUROPE. (*)


* Affiliate link; If you use the link to sign up both YOU and I will get $10 in Bitcoins once YOU have started trading for min. $100.

 

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