Neil Forrester

Cryptocurrencies are secured by cryptography. Cryptography refers to the process of converting legible information into codes.

Fiat money refers to the official currency of a state, which is regulated by its government.

money refers to the official currency of a state, which is regulated by its government

Other cryptocurrencies like Ethereum and Ripple have also experienced a significant increase in price in the past few weeks. The good news is that their value, together with other cryptocurrencies, keeps on increasing over time.

Cryptocurrencies are mostly used for criminal transactions and activities

What is a Ponzi scheme? As described by Investopedia, a Ponzi scheme is “a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors.

However, true cryptocurrency investors and traders know better. They study and analyze the market trend and know when to open and close their positions. Similar to the stock market, there is the possibility of losing your investment in the long run if you do not know what you are doing. However, if you take the time and effort to understand the cryptocurrency market and how certain cryptocurrencies behave, you can avoid losing your investment and increase your chances of making a nice profit.

when you invest in cryptocurrencies. The cryptocurrency market has a very high volatility. It is not uncommon to see the price of a cryptocurrency to increase by more than 100% in just a few days.

But, is it gambling?
Whether or not investing in/trading cryptocurrencies is considered gambling depends on your approach. If you just open and close your positions at random and merely rely on luck to make a profit, then you are gambling.

But, if every investment or trade that you make is backed up by research, if you take the time and effort to