What are the pitfalls of investing in cryptocurrency? - The Fact Factory

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Sunday, 8 August 2021

What are the pitfalls of investing in cryptocurrency?


The Discord servers and subreddits are a frenzy of graphs, memes, and speculation about the next bull market. Twitter CEO Jack Dorsey said he believes bitcoin can bring about “world peace.” And the pro-Trump “magacoin” was launched for more than 1,000 early adopters whose personal information was quickly exposed online due to poor website security. (The organizers did not respond to a request for comment.) All in all, it’s been a normal couple of weeks in the world of cryptocurrency. The value of digital currencies fluctuates wildly at the whim of erratic billionaires, rumors, and the machinations of unregulated online…

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