Before you buy bitcoin, read this

Wednesday, 15 November 2017, 06:38:03 AM. Many investors are asking: Should I buy Bitcoins or other cryptocurrencies? And if not, why?
Many investors are asking: Should I buy bitcoins or other cryptocurrencies? And if not, why? , the leading digital money, has risen 700percent this year to as high as $7,146, and is up 3,500percent since a low in January 2015. Nearly every day bitcoin and other cryptos are making headlines. Some experts call them the new gold. But are bitcoin, Ethereum and other digital currencies real investments or a speculator's game? And what about initial coin offerings, a hybrid of initial public offering and crowdfunding that has spawned Etherum and other projects? Even Wall Street is divided, so many experts warn Main Street investors to stay away or proceed with great caution. No less than () is said to be considering a cryptocurrency trading operation, according to the Wall Street Journal. Yet () CEO Jamie Dimon recently called bitcoin "a fraud" and said it would likely stay on the black market. Far from being safe for widows and orphans, like utilities, the bitcoin market — which hit $150 billion in August — looks more like the 1840s gold rush. Many rushed in, but few got rich. On Saturday, bitcoin fell to around $5,500, wiping out a rally on news that a plan to split the crypto currency was called off. It's bounced back since and was trading above $6,400 midday Monday. One risk is that governments likely will limit the currencies' use, such as barring them for tax payments, which would keep them out of the mainstream, . and trading in cryptocurrencies, and it may not be the last...Read more
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