You’ve heard the buzz about Bitcoin or one of the other crypto-currencies, and you want in...
Is it because you understand and believe in the long-term value of crypto-currency, or is this merely the “Fear Of Missing Out” or FOMO talking?
Crypto-currencies, such as Bitcoin or Ethereum, are a newer investment vehicle, having only been around a few years, so making well-informed decisions on whether to invest can be challenging at first glance.
However, if you look closely, there are signs that show it might be too good to be true...
👮 Crypto Lacks Regulation
Crypto-currency and Bitcoin are not regulated by the government, banks or any other central authority. It also means there are no consumer protection laws.
It’s becoming a favorite of scammers for this very reason.
📚 Previous Trends Indicate It's a Fad
In 2000, there was a rush to invest in tech stocks and real estate. The dot-com bubble burst in 2001, and many people lost everything.
During this period, many of the "successful" investors made money by shorting stocks or buying foreclosed homes.
Signs can be seen all over advertising the sale of bitcoin, and it’s a hot topic on social media, but ultimately, we’ve seen this buzz before.
Many are going to make hurried buying decisions without considering the long-term implications.
Just like some other fad investments: Beanie Babies, Avon bottles, tulip bulbs. Only with those, you actually owned something in the end (even if it was a empty perfume bottle!)
Remember, there is nothing behind a crypto-currency – they only thing that affects its price is supply and demand. If there is no demand, there’s no value. Let’s be careful out there!
Digital Assets and other Blockchain related technology (such as Bitcoin, Ethereum, NFTs and others) are not securities, not regulated and not approved products offered by First Allied Securities, Inc., and cryptocurrency or other blockchain related non-securities products cannot be recommended, offered, or held by the firm.