Up and down it goes for Bitcoin, Ethereum or Ripple: The course of the prices of these cryptocurrencies resembles a roller coaster ride. Fraudsters don't care: investors in America or England, who only want to see the...
Cryptocurrencies: The volatile crypto token market – what to watch out for when trading
The price of cryptocurrencies is volatile: the cryptos (also called coins or tokens) gain and lose value on a large scale. The digital assets are also considered a medium of exchange. Trading in the coins takes place via the blockchain, which uses cryptography to encrypt the transaction. Banks are not involved. The market capitalization of the currencies runs into the billions, depending on the coin. We explain what consumers and investors in America, England and worldwide need to watch out for when investing in crypto coins. We show how to recognize dubious providers and scams. As with any investment transaction, there are risks and loss of money.