Is cyptocurrency a sound investment or dangerous gamble? Here's what you *need* to know

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Is cyptocurrency a sound investment or dangerous gamble? Here's what you *need* to know... claremseal

If you’re interested in investing in cryptocurrency, the first step is to research the different types, and find out what you might like to invest in. With over 10,000 different types, there are a lot to choose from, and you’ll probably have only heard of a couple of the biggest ones. With more than 7 million active users, Bitcoin is the undisputed king, but the days of buying it for pence and selling for a huge profit are all but over.

Often, with crypto, the worst time to buy it is when everyone is talking about it. As with all investments, when there’s a surge in interest, the price goes up - but this tends to happen in extremes with cryptocurrency, meaning that the gains can be huge, but so can the losses.I'm 25 and living at home while I pay off debts. How do I stop splurging and save up enough to move out?I'm 25 and living at home while I pay off debts.

 

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