Along with technological advances and digitalization, investment choices are now increasingly diverse. Not only conventional investment products such as stocks, mutual funds or gold, which people can trade them through digital platforms. Recently, cryptocurrency investments such as bitcoin can also be alternative investments.
In addition, the government has regulated the problem of trading crypto currencies, such as bitcoin as a commodity or asset. However, there are still many people who are questioning the level of security of investing in crypto currencies.
Furthermore, many rumors say the cryptocurrency is vulnerable to being hacked, besides that its value tends to be unstable.
Is it correct?
Reporting from forbes.com, The bitcoin and cryptocurrency sector is, however, still reeling from a bitter bear market that gripped the market throughout 2018. Many major cryptocurrencies losing around 90% of their value.Bitcoin and most other major cryptocurrencies soared throughout 2017. The bitcoin rising from under $1,000 per bitcoin to almost $20,000 in under 12 months.
Cryptocurrency Investments
As part of technology, cryptocurrencies, like bitcoin, actually have a very high level of security. What is vulnerable to hacking is a tool or platform to exchange or buy and sell bitcoin. Therefore, people need to get education to choose a digital currency trading company or platform is important.
If you want to trader the crypto currencies, you have to know the tips and risks that you will get.
Generally, companies that provide crypto asset trading services will provide layered security so they are not easily hacked. If you want to try investing in crypto assets also need to understand the company’s work system where it will invest its assets. In addition, the track record of the company concerned also needs to be considered.
Read more: Let’s Start Your Stock Investments with Minimal Capital
