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Take a step back….
- what is cryptocurrency p; answer is ‘nothing tangible’
- is cryptocurrency regulated ; that is a resounding ‘NO’
- how did the stuff that Matt Damon was pushing at The Super Bowl do: it tanked
- have cryptocurrency and exchanges been fraud free ; absolutely not
- does anyone REALLY know why it fluctuates wildly; absolutely not, other than supply and demand kicks in when people think they can buy in and make a quick buck and sell out in panic when it goes the other way . The clever people are the ones that bet against the market while watching the naive investors fill their boots
My last salaried employment was in a prestigious private bank…..we looked long and hard at whether we should embrace cryptocurrency as a client product and it didn’t take many seconds at all to decide we could destroy our reputation overnight by being in that market.
In summary my personal view is that if you have money that you are prepared and can afford to lose if it all goes wrong then go for it. Otherwise steer well,clear!
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