Is Cryptocurrency a worthwhile investment ?

                                                                                                          

                                                                                                      By:- NILESH MISHRA

Those working in the financial sector need to keep abreast of all market trends, especially if you are in the market for a new job. Lack of understanding about these situations could cost you a good place, as you should expect them to appear in interviews. And cryptocurrency is a very hot topic from the very beginning.

Cryptocurrencies, such as Bitcoin and Ethereum, are electronic currencies that can be traded online to exchange goods and services. The value of these currencies varies widely. Bitcoin, for example, was trading at $ 20,000 at the end of 2017, but its value dropped to $ 7,000 over the next four months.

So is it a reliable, safe investment? It is true that all investments have a certain amount of risk, which is why it is so important to understand what a person is investing in. With so much talk about cryptocurrency, it is even more important to know the basics of this new market.

Here are some things about cryptocurrency that you should be prepared to discuss during a job search.

Electronic Money, Electronic Threats

Most of our lives are online now. From baking information, to our addresses, to our shopping habits, we supply the Internet with a lot of information. And cryptocurrency is another online resource, making it vulnerable to theft.

Hackers can gain access to a digital wallet containing the investor's Bitcoin and transfer it to them, charging the victim thousands of dollars in a short period of time. They can also use the information Bitcoin was originally purchased to buy additional Bitcoin fraudulently.

There are ways to protect these digital wallets, such as digital keys. But people often use simple passwords, which are easy for hackers to pass on. The safest option is to put your cryptocurrency in "cold storage." This means that your investment is held offline.

Investors should also be aware of the crime of stealing sensitive information, such as those that have been around for years. But instead of emails asking for money or information, these phishing scams attempt to extort cryptocurrency from their victims. Staying alert and aware can help reduce this risk.

And whenever exchanging personal information, investors should be careful. While trading cryptocurrency like Bitcoin does not require the transfer of information, some third parties such as currency trading do. This is an important difference that should be noted when discussing the matter with potential employers.

Law and Fraud

Because these crypto currencies are so popular and growing in value, more than just hackers are putting their sites on the market. And this will only increase as the market grows.

The danger you should feel confident about talking about is the lack of control surrounding cryptocurrency. Because there is no real regulation in place to keep the cryptocurrency market in place, fraudulent traders take advantage. The Security and Exchange Commission (SEC) has branded and banned companies that are suspected of fraudulently selling crypto currency at no value. But even when this happens, it is rare for investors to get their money's worth.

Trading is required to register with the SEC, but that is the level of oversight. Because regulators have not decided to treat cryptocurrency as an asset or as an equity, this is all the SEC can do at the moment. Even if a company offers legal cryptocurrency, it can still operate in ways that deceive money and deceive investors. Ponzi schemes are also something to consider in this space.

Some large banks even prevent people from using their credit cards to invest in the industry because of the risks. Knowing that little trivia can impress a potential employer in an interview.

Dangerous, and Probably Very Early

Ultimately, this is an attractive market because of its youth and value. Bitcoin is the most popular, with a market value of $ 158.7 billion. Because of the high risk and limited control, it may always be gambling at the moment. But over time, cryptocurrency can be a worthwhile investment in any portfolio.

Using these points to speak intelligently about cryptocurrency can have a huge impact when you are in the middle of looking for a job. Whether you can discuss the topic on social media or in an interview, those around you should know that you are on the market trend. Learn more about cryptocurrency to make sure you are not in the job market and are in good shape soon.

If you are looking to increase your financial performance and want to showcase your newly acquired knowledge, check out our list of jobs. If you choose to apply, one of our expert coordinators will contact you for appropriate opportunities.