“Successful investing is about managing risk not avoiding it”. Benjamin Graham was right on the money, literally. This investing quote has never been more applicable than today, especially with how vast Cryptocurrency has become. Bitcoin is now a recognised hold of value, and more and more big companies are investing and allowing customers to purchase commodities using Bitcoin.
Bitcoin is an unprecedented digital currency with similar attributes to gold. Last year, the U.S. Office of the Director of National Intelligence determined that “cryptocurrency could undermine the U.S. dollar as the world’s reserve currency.“
The dilemma lies herein: as the value of Bitcoin and other Cryptocurrencies continues to dramatically increase, people want in and sometimes, ’emotional investing’ or fear of missing out, leads to poor investment choices and in some cases, the dreaded ‘Bitcoin Scam’.
With all the hype around Crypto, Fraudsters saw…