Is it Safe to Invest in Cryptocurrencies?

750 Views Updated: 30 Oct 2017
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Is it Safe to Invest in Cryptocurrencies?

With virtual currency market booming, I have been thinking about investing in the cryptocurrency too. But is it safe? I mean, the entire process of investing is online without any substantial proofs. The mining process too sounds tricky to me. It’s been a while since I started my research, but the results haven’t been convincing enough.  

The currency is quite new and hence has no inherent value that can cause stability and price changes, but with the ever-increasing interest in the currency, the chances of its value depreciating are very low. 

I am amazingly confused. Is it worth taking the risk? 

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Opinions (7)
Depends On The Currency

Cryptocurrencies is a very risky investment but also very profitable. My advice? well, put 1% of your wealth in Cryptocurrencies.

Yes

I have invested in bitcoins and I find them pretty safe. There is absolutely no harm. But I cannot say anything about any other such currency. 

No
I don't invest in Cryptocurrencies.


Yes


Yes, there is no harm investing in cryptocurrencies.

Yes

Cryptocurrency has a bright future. Go for it. 

No

Sorry, I have no idea.

No

It is still in the initial stages so one needs to know more about its foundation before investing. 

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