As you all know very well about the Crypto world that it is not safe and Secure as well we can say that it can be Highly risky for the new comers who have no knowledge about the Entery and Exit time.if you want to invest money here so you need to keep your Eyes on market situation. And strike the iron while it is hot.images(1).jpg
The Pros and Cons of Investing money in Cryptocurrencies
Such as Bitcoin (BTC), Litecoin(Lite), Ethereum (Eth), and many other Alt Coins(Doge, MTH,SC,)
There are Many pros and cons to consider before investing money in crypto world. Some of the most important features of cryptocurrency investing can be summarized as follows:
PRO: As you must be aware about Cryptocurrency is, despite all its risks, perhaps the most exciting asset of the 21st century. A decentralized digital currency that works on the very interesting and likely here-to-stay blockchain technology. There are thousands of reason to be excited about cryptocurrency, but also reasons to be conservative in your investment strategy. Don’t dump your whole assets into cryptocurrency, but don’t be scared to get a toe wet with a small investment you are comfortable losing (to join in the fun and to learn more now, so ....)
CON: The cryptocurrency market has been very much volatiled since its inception. The price of Bitcoin swings up or down hundreds of dollars in an hour and a day,the price more than quadrupled in 2017. We have already seen one bubble and bust back in 2013,
(popping a bubble that didn’t recover until 2017). In 2017 when China was talking about banning ICOs (crowdfunding for new coins) and gave signals of disapproval (bringing the price of a Bitcoin from $5k to $4k in a matter of hours). Currently, cryptocurrency trading is legal in the U.S., Russia, and China (although that could change), and the U.S. and Russia have been fairly friendly toward cryptocurrency but keep in mind governments can influence the price (even when all other signals are good).But in INDIA it's still up in the air or you can say it's a bit critical (highly Risky) to spend the money and time in it.
