HOW RISKY ARE CRYPTOCURRENCIES?
Investing in cryptocurrencies is essentially gambling and there are no guarantees that you will see what you pay in go up in value.
Cryptocurrencies are VERY high risk and a speculative investment, with limited track records and no underlying value.
There is also no guarantee that you can convert crypto assests back into cash, as it may depend on the demand and supply in the existing market.
Cryptocurrency firms aren’t regulated in the way that other financial firms are, meaning you won’t have any protection if things go wrong.
Plus, newer cryptocurrencies are always riskier than those that have been around longer, such as Bitcoin, and make you more open to scams.
