This story was originally published here.
Cryptocurrencies have been red hot in 2020. Note that the year-to-date return for bitcoin is over 100%.
A cryptocurrency is a digital currency that is usually secured by a blockchain technology, which helps with transparency and tracking. It is also something that is not issued by a central authority. Some of the advantages of a cryptocurrency include: there is no need to deal with an intermediary like a bank; transactions can be made without disclosing your personal identify; and the fees are generally low, especially for foreign transactions.
But of course, Cryptocurrencies have notable risks. For example there is often wide swings in valuations. There are also potential issues with hacks of the underlying system, which could mean losing access to the cryptocurrency. The most famous example of this happened with the Mt. Gox implosion, which resulted in the loss of 850,000 of bitcoins.
And finally, the taxation and regulatory standards are far from settled.
So then, what are some ways to lower the risk factors when investing in cryptocurrencies? Well, there are a variety of ways to lower your risk when investing in cryptocurrencies.
Let’s take a look…
Story continues here.
[BUY ALERT] Details on Four Altcoins With 10X Potential
I’ll keep this brief…
My new business partner and I have just found four altcoins that are poised for a major breakout.
We’re predicting these four altcoins will blow past the coveted 1,000% over the next 12 to 24 months.
And it’s all thanks to a massive technology upgrade called “The Awakening.”
Virtually every major corporation and government agency is investing billions to prepare for this Awakening.
I’m talking about Apple, Microsoft, Google, Amazon, Facebook, and the departments of Defense and Homeland Security, to name a few.
We’ve located four small altcoins that we predict will be the biggest winners from this technology upgrade.
And if you take a small stake right now, you may never have to worry about money again.
If you want to learn more about the Awakening and details on the four altcoins that could absolutely soar because of it…
Talk to you soon,
Senior Investment Strategist, InvestorPlace
P.S. If you watch the video all the way to the end, you’ll receive the name and ticker symbol to our favorite altcoin for free. Watch this recording while you still can.