RATE Group | Is blockchain cryptocurrency still the future?
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Is blockchain cryptocurrency still the future?

29 Sep Is blockchain cryptocurrency still the future?

Posted at 11:23h in Cryptocurrency News by

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It’s highly volatile, can be extremely risky, and is something most have heard of but don’t know much about.

And after a horror 12 months which saw Bitcoin plunge by more than 60 percent most investors who were bold enough to invest are now wondering if they will ever reap any reward from their investments.

While nothing in economics is certain, those who trade and invest are fairly confident it will happen but not straight away.

Bitcoin is highly volatile so don't expect to get rick quick.
Bitcoin is highly volatile so don’t expect to get rick quick. (Getty)

According to Fred Schebesta, Co-Founder of Finder-backed cryptocurrency financial services company HiveEx.com, crypto is basically digital gold and like the real thing, is more of a long-term investment.

Mr Schebesta admits the high risk and volatility is a large reason why some people shy away from buying crypto, but said it’s not the biggest reason.

“A survey of 1997 respondents commissioned by HiveEx conducted in August found that 65 per cent of Australians who don’t have crypto don’t…

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