Is cryptocurrency are safe...

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·@genesisman·
0.000 HBD
Is cryptocurrency are safe...
Is BITCOIN SAFE?
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If you're trying to figure out where to store your life savings, traditional assets are still a good bet, however any money you put into crypto would be better off being money you can afford to lose. For example if you have some extra money lying around, or you want to put 1% or 2% of your overall weath into something, that this might be something to look at.

If you already have that amount invested you might just want to sit and wait, or HODL as they say. [keep holding longer term] That way if the ship sinks to zero, all you have at risk is 1%-2% of your overall wealth, and not your entire life savings. So you must realise with all this, you need to sit down and work out a strategy first, on what you can afford to risk, or how much more you want to put into bitcoin.

What I would say is that huge profits can come to you in this space, but because the blockchain is so early in its infancy, I would compare this to wild, wild west of investment world, so realize the risk and only put in money you are comfortable losing.

Beware the SCAMMERS!

Alot of the crypto CEO’s lately have been impersonated on Twitter by scammers promoting questionable cryptocurrency offers. These accounts often ask users to send an amount of cryptocurrency in exchange for a larger amount.

Becareful with ICO’s as well I have seen alot of scams being set up this year in 2018 and promising the world and have nothing that will be delivered. So all in all, know your risks, do your homework and follow people who are reputable in this field with a good track record and a vibrant and secure financial future can be yours.
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