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Cryptocurrency a Good Investment?

Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.

Summary. Cryptocurrency can be a great investment with astronomically high returns overnight; however, there is also a considerable downside. Investors should analyze whether their time horizon, risk tolerance, and liquidity requirements fit their investor profile.

It should only be considered if you have a high risk tolerance, are in a strong financial position and can afford to lose any money you invest in it. If you choose to invest, it's important to maintain a diversified portfolio that includes several different types of investments to reduce your overall risk exposure.