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What factors do you need to consider when investing in a cryptocurrency? by edymunawar

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· @edymunawar ·
What factors do you need to consider when investing in a cryptocurrency?
<p>Investing in cryptocurrency is really tempting, especially if we know the rapid increase in value last year. Where the value reaches more than Rp 250 million per 1 TB. But there are some considerations that I consider before investing;</p><p>* Hard to predict</p><p>Cryptocurrency like Bitcoin, its value is strongly influenced by the level of public trust. Its volatility can be very wild.</p><p>Therefore, before you start investing in Bitcoin, you must have a high level of awareness because of its unpredictable value.</p><p>* The profit of cryptocurrency are very speculative</p><p>Nobody suspected that the value of Bitcoin could be so that time. From what was originally only worth tens of thousands of rupiah, then it was increased to hundreds of millions of rupiah. Even so, things like that can be likened to winning a lottery, not something that often happens.</p><p>* High risk</p><p>Although the level of security is quite high, Bitcoin is still arguably vulnerable to attacks by hackers. This is because Bitcoin is stored in an online "wallet" that is connected to the network, so it's quite risky to be interrupted by hackers.</p><p>Thank you!</p>
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