Cryptocurrencies are becoming more and more popular, despite the risks involved.
So what do money experts say about cryptography? Is it safe to invest? This is all you need to know …
What does Martin Lewis say about cryptocurrencies?
Money expert Martin Lewis believes when it comes to cryptocurrencies, “if you can’t afford to lose the money you put in, don’t invest in it.”
He added: “It’s all forms of stock, stock-like gambling, like all forms of investment, and putting money into gold.
“It’s your choice, but if you do it the right way, your investment should work for you-it doesn’t mean you won’t lose money.”
A man who aims to find great deals by significantly reducing bills these days Issued a severe warning to viewers rear Dangerous Facebook ads People are now investing up to £ 30,000 on dangerous Bitcoin websites.
He states: “Currently Facebook has ads with Bitcoin codes and Bitcoin trader faces. These are scams I don’t advertise. I don’t advertise. I don’t have my permission. ..
“These two are malicious scams that try to steal your money.”
Furious TV personalities continued to blame Facebook for not stopping these foreign scammers, but closing ads takes a frustratingly long time.
Martin said: “These are criminals from abroad. Facebook should stop them. You have to report new ones one by one, but one will be finished, the new one will be displayed and it will take two weeks to finish. ..
“People lost £ 20-30 ground in doing this. What they are doing is linking to a BBC or Daily Mirror article that looks like I’m talking about them.”
He added: “They are not me, they are fake, they are lies, and they help me spread the word. It’s not me-you’ve seen them all.”
Is it safe to invest in cryptocurrencies?
Those who are thinking of investing in Bitcoin or other cryptocurrencies should be very careful.
Their values are volatile and capable of plunging as fast as they plunge.
January 9, 2018, Bitcoin and other major currencies have bottomed out After a major surveillance platform, Coinmarketcap has decided to exclude transaction prices from South Korea. South Korea is a major market whose absence has surprised investors who are already volatile.
As a result of the move, prices have fallen by about 20% across the cryptocurrency market.
Investors are also often the target of hackers and other criminals trying to steal cryptocurrencies online.
Be especially careful when buying and selling cryptocurrencies using a direct peer-to-peer platform.
These are like Bitcoin’s gum tree-you never know who you are dealing with.
What is the safest way to buy cryptocurrencies?
The most common and safe way to buy currency is to download a broker app such as Coinbase or Blockchain.
These allow users to exchange pounds for Bitcoin using their credit or debit cards.
Users do not have to buy the entire Bitcoin, they can buy a small percentage that matches the value of their cash investment.
When the request is made, the online “minor” decides whether to approve the transaction.
If approved, money will be deducted from your account in exchange for Bitcoin.
When selling, users can use the same app to sell Bitcoin in exchange for cash value.
What does Martin Lewis say about Bitcoin and cryptocurrencies?
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