The Risks of Bitcoin

Bitcoin Risks Investors Need to Be Aware of

Risk One – Bitcoin Volatility

Everyone knows how volatile Bitcoin is and those who invest in it will see the value of this cryptocurrency fluctuate dramatically. Investing in Bitcoin is not for you unless you can weather the rise and fall of Bitcoin. If your capital loss is causing you to lose sleep, there will be little benefit. I cannot stress enough the importance of using your discretionary spending money to play the cryptocurrency market.

What is discretionary spending?

This is money spent on travel, dining out, entertainment, hobbies and sports.

You would never spend rent money or money earmarked for retirement on fun like a day out at the races, so you can use that money to play the cryptocurrency market as well. Shouldn’t.

Risk to Hacking

A company called “Cryptopia” which was an online Bitcoin trading platform invested in…

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