Would you invest in cryptocurrency, do you trust it?
Already invested some of my money. You have to carefully read about the coins you wanna invest in. There are lots of scam coins out there. And for a considerable gain be on the look out for ICO/IDOs backed by well-known companies. For example a take the coin "MyNeighborAlice". Each Alice token was sold for 0.125 US dollars in its ICO. Almost a week later when it was listed in Binance Exchange it started with $16 for each Alice token. More than 100X profit in a very short amount of time.
I've been a bit tempted to put in a ÂŁ20 punt into Doge Coin... but I think it might be worth waiting for the hype to go down on cryptocurrencies for a while. I trust Bitcoin but its massively overvalued right now. Its certainly a way to make money quick - but it feels a lot more like gambling than investing.
No and no. The latter due to the fact that I have a basic understanding of how that works and the former due to extreme volatility of value. Might though be a good high risk investment chance for those who can afford that risk.
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