Risks-involved-investing-in-Bitcoin (1).docx

Risks-involved-investing-in-Bitcoin (1).docx - Risks...

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Risks involved investing in Bitcoin Investors are very excited about investing in cryptocurrency. But they need to be aware of some risks. The digital nature of bitcoin carries several fundamental risks. Some are mentioned below- Investment risk : cryptocurrency are more volatile than stock or bonds or any the asset that investors usually invest in. they need to know they can go up 25% in a matter of minutes or they can crash which is extremely. Fraud risk : bitcoin has become so much valuable that hackers are attacking investors account and even few exchanges of bitcoin has been hacked. Tax risk: even though cryptocurrency are much different than typical assets, investors are used to investing in like stock but they still need to pay taxes on purchasing bitcoins. The International Revenue Service (IRS) going after some investors who has made big profits in cryptocurrency like bitcoin buy didn’t paid any taxes. According to a report, Only 800
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