Cryptocurrencies rate are amazing. Just see how good the Bitcoin is today when you are changing it into USD. People who have been bought it 10 years ago are even being a rich in a sudden. Many online marketers are also making it as one of the investment your money should involved in.
But to be honest, I have no interesting in any available cryptocurrencies to invest in. I have my own reasons why is that and hopefully will help you out to decide whether you are going to invest in it or not.
It seems IMPOSSIBLE to find out where your money came from
Many people are even can increase their cryptocurrency money through surfing a site while investment company holdings are also offering the cryptocurrency investments.
but seriously, you will never know where the money come from. It can be from selling the stock in stock exchanges or money laundrying. All the good and the bad are the same.
Investing in cryptocurrency has not been proven as a long-term investment strategy
Many people are investing in stock exchange, gold, property and many more. And mostly, the investment types and strategies have been proven by many for years. far different by investing in cryptocurrency, it’s the new one and still need more time to prove. But knowing my first reason on above, i think I have no time to prove anything.
You can even find a news informing you that one of the wealth manager was even telling us that we are likely going to see cryptocurrency collapse.
Many people are thinking that a day trade crypto is easier than Forex, I am getting more suspicious now
You still believe in making an easy money don’t you? Life must be treat you the hard way. There’s no such a thing. Even if there will be one, you will still need to spend more money or doing it for years.
The easier the thing to get especially in making money, you should have warned yourself about that. But, what if there have been many investment companies are offering the same? They need to make money from your investment, too!
Cryptocurrency is one of the main gate to a speculatory asset
If you are investing in cryptocurrency, you are actually spending more money to produce something you have not been found out. But you must be wished that it will gives you more money right? The thing is, the only thing you will get in the first place is just speculation and you will forever hoping that the guys you have gave your money will pay more for lending him your money before. That’s insane.
You are likely have no idea when you are lost in your investment
If you have been investing your money before and assuming that you are lost in your investment, what are ways to get your money or asset back except investing more and hoping that the result will be double or even triple than what you have been spent. You know what? Gambling is not even that fool!