Is crypto a safe investment?
Cryptocurrencies, also known as virtual or digital currencies, are a type of asset that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. It has a limited supply of 21 million units. This makes it a scarce asset, which is one of the key drivers of its value.
Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. They are built on blockchain technology. Blockchain is a distributed database that is secure and tamper-proof. This means that cryptocurrencies are not subject to the same security risks as traditional assets like stocks and bonds.
Investing in cryptocurrencies is a speculative activity and comes with risks. The price of Bitcoin and other cryptocurrencies can be volatile and subject to sudden swings. You should only invest what you can afford to lose.
This is why we recommend using a trading bot when trading.
When choosing a trading bot, it is important to select one that is reputable and has a good track record. RobotBulls has a proven track record. They offer a wide range of assets to choose from when investing. You can see the past results by creating an account in 2 minutes. Then click on new investment and select the asset class that you want to trade in. Currently you can choose between: Stocks, Crypto, NFTs, Metaverse NFTs and Commodities. Then you can the results for the past 3, 6 and 12 months.
If you want to invest, note that unlike other platforms where you have to decide when to buy or sell the asset. Here, the robot chooses for you when to buy and sell. Also, to avoid so-called "panic selling", you need to decide in advance when you want to withdraw your money. You can choose between 3, 6 and 12 months.
Click here to get started.