Pros and contras of investing into crytocurrencies. The main pros of investing are of course, the freedom of action, no requirements or control from a third party, decentralization and anonymity.
✅ Additional advantages of cryptocurrency:
- high profitability — you can get a quick profit even in a couple of days, it depends on the chosen investment tool;
- development of the cryptocurrency market as a whole;
- no strict control by the state.
☝ The majority of investors want to invest in Bitcoin and easily earn, but you need to consider not only risks but also safety problems. For example, hackers can access accounts through malicious software, phishing sites and programs, spam attacks and many other ways, but it will be impossible to punish the fraudsters since the cryptocurrency sphere is not regulated in any way, the question of taxation and legislative regulation remains free.
Savvy experts recommend adding around 15% of cryptocurrencies to your investment portfolio to balance out other assets and not burn out on major falls in the entire market.
Be cautious and vigilant when investing in cryptocurrency, look for the best exchange rates on https://bc.to/meposts.