5 Things You Should Know Before Investing in Cryptocurrency

By Darius Eghdami, CEO of Block X

There is no doubt that cryptocurrencies have created a new market for investment. With digital currencies such as Bitcoin reaching values of over $19,000USD, cryptocurrencies are of extreme interest to mainstream media, consumers, and investors. Those on the forefront of investing see the value of adding these high-risk items to their investment portfolios.

While expert investors have a propensity toward investing in high-risk, high reward opportunities, the risks associated with cryptocurrency investments are unique in nature. While interest in cryptocurrencies is skyrocketing, the associated regulations around digital currency are not keeping pace. The notion that a country may impose restrictions on a cryptocurrency is enough to negatively impact its value over night.

Cryptocurrency investments have the opportunity to offer significant ROI, however, consumers need to ensure they are doing their due diligence before investing. While many companies involved in cryptocurrency can offer a significant profit, it is crucial that consumers looking to invest can spot the legitimate opportunities among the sea of options.

With that in mind, here are the top 5 things you should know before investing in cryptocurrencies.