BEWARE!
There are a few disadvantages of cryptocurrency and the best way to succeed is to stay ahead of the curve. If you are aware of these possibilities you will be best equipped in your portfolio.
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Scalibility
Cryptocurrency processors are no match for big corporations like VISA and Mastercard. Exchange platforms do not have the capability to operate at such high speeds and complexity leading the websites to crash occasionally.
Cyber Attacks
Many hackers are able to break through exchanges if investments are left in the account. Be sure to transfer your earnings to safe storage onto either a USB or hard drive for protection!
Volatility
There is nothing the back the value of cryptocurrency, hence making it extremely volatile in how much it is worth. Always consider the possible of high risk before investing.
Regulations
There is no supervision by the US Federal Reserve on cryptocurrency. They are also not backed by any banks, emphasizing the need to be careful how much money is put into the platform.