31 Oct '17, 3pm

Only Buy Bitcoin If You're Ready to Lose It

If you’re ready for that kind of risk, go for it! For cryptocurrency to catch on, and become safer and more convenient, first people need to make all these mistakes. But for now, don’t put in what you’re not ready to lose. Investing in cryptocurrency is fun and interesting. But while its systems are still so new and poorly understood, cryptocurrency is an insanely high-risk currency. If you don’t have any use for actually spending it, don’t treat it as anything more than a gamble or a hobby—something you can gladly sink money into. Do your investing in more traditional channels—where if you lose all your money, at least everyone won’t say, “Well duh.”

Full article: https://lifehacker.com/only-buy-bitcoin-if-youre-ready-to...

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