Hello Monaco magazine Spring-Summer 2018 - issue HM03 | Page 52
INVESTORY
becomes obsolete. Bitcoin was groundbreaking; but it was soon
followed by Etherium, which added «smart contracts», making it
more desirable for different transactions. There is always the chance
that technology changes could make your Cryptos less attractive.
Hacking. Your Cryptocurrency itself may be secure, but some
exchanges have been vulnerable to hacking. If you entrust your
Cryptos to an exchange for a short period of time, your invest-
ment is only as secure as they are. Make sure you use a first-class
exchange; for example Libertex (Libertex.org) has a Forex award
as an exchange for Cryptocurrencies. Also, physical «digital wal-
lets» can offer extra protection by storing your coins offline in a
secured pen drive.
© www-youtube-com-demo.sitemod.io
more volatile than core stocks according to a study by J.P. Mor-
gan. There are many failures — more than 50 % within the first
12 months, according to recent statistics. Even the winners can
be a roller coaster ride on the way up, followed by sharp price
corrections.
Special Investors. Major investors form a special part of the
market, and their significant holdings have the power to move
markets. These include for-
eign investors seeking safe
havens (often from Asia),
hedge funds and a few in-
vestors with jumbo hold-
ings like the Winklevoss
brothers. Keep abreast of
their movements.
The rules of the game
can change. Governments
and regulators can step-in
and change the rules. This © img.huffingtonpost.com
is what recently happened
with Cryptocurrencies. The
importance of the Crypto market is increasing and every govern-
ment and central bank is watching it closely. Despite the watch-
ful eye of governments, it is important
to keep in mind that the value of your
Crypto investment is not protected. No
government or bank insurance stands
behind it, although increasing regula-
tion of some parts of the market can be
expected.
The supply of cryptos can increase
hugely: proponents argue that a Cryp-
tocurrency like Bitcoin must go up in
value because th