THE price of Mooncoin has fallen recently after soaring to its highest ever level in May.
We explain the huge risks of investing in the cryptocurrency and why its value is down.
Keen investors should know that making money through cryptocurrencies, like any investment, is never guaranteed.
Cryptocurrencies are highly volatile, so the value of your investments can go down as well as up in the blink of an eye.
In other words, don’t invest more than you can afford to lose in case prices crash, as it could mean your investment is wiped out.
Newer cryptocurrencies are also even riskier than more established ones, such as Bitcoin, and make you more open to scams.
5 risks of crypto investments
BELOW we round up five risks of investing in cryptocurrencies.
- Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation…