Is Bitcoin a Safe Investment?

The frequent hacking of cryptocurrency exchanges serves as a warning to investors.

The recent volatility in bitcoin and other cryptocurrencies has made many investors wary along with the continued hacking of the exchanges where people buy and sell the digital currencies.

The lack of security has raised concerns about the risk of owning these virtual currencies as hackers continue to breach the exchanges, forcing one bitcoin exchange in South Korea, Youbit, to file for bankruptcy in 2017.

The uncertainty emphasizes the hazards investors face daily in their attempt to profit from bitcoin, ether and other cryptocurrencies. The debate on whether bitcoin is actually a currency or an investment continues as the Securities and Exchange Commission considers it a security, the IRS treats it as property and the Financial Crimes Enforcement Network says bitcoin is a currency.

Read more...


Is Bitcoin a Safe Investment?...
Is Bitcoin a Safe Investment?...
How to sink your chances of venture capital money for your startup...
How to sink your chances of venture capital money for your startup...
Tax cut, bonuses for workers? ...
Tax cut, bonuses for workers? ...
These 4 Documentaries Will Teach You About Money...
These 4 Documentaries Will Teach You About Money...
How Millennials Are Making Money...
How Millennials Are Making Money...
Small businesses use savings to invest, hire...
Small businesses use savings to invest, hire...
9 Great Paying Remote Jobs...
9 Great Paying Remote Jobs...
The best place to start a business?...
The best place to start a business?...
1 in 20 Americans Is a Millionaire...
1 in 20 Americans Is a Millionaire...
You may be paying more than you realize for ATM use...
You may be paying more than you realize for ATM use...
Why more Americans want to be their own bosses...
Why more Americans want to be their own bosses...
How to become a legal nurse consultant...
How to become a legal nurse consultant...
Millennials prefer cash to credit cards...
Millennials prefer cash to credit cards...
No 401(k) at your job? ...
No 401(k) at your job? ...
How to Get the Biggest Tax Refund This Year...
How to Get the Biggest Tax Refund This Year...
5 fees never to charge in your small business...
5 fees never to charge in your small business...
What is a security?...
What is a security?...
5 ways to tell if your business is any good...
5 ways to tell if your business is any good...
Small-business hiring falls to lowest level in more than 7 years...
Small-business hiring falls to lowest level in more than 7 years...
4 ways to stop wasting time and boost your productivity ...
4 ways to stop wasting time and boost your productivity ...
Average American's debt balances...
Average American's debt balances...
It is possible to have a 'perfect' credit score...
It is possible to have a 'perfect' credit score...
Visa Stock Is a Better Value Than Mastercard...
Visa Stock Is a Better Value Than Mastercard...
Millennials are good at saving...
Millennials are good at saving...
6 tricks to kick credit card debt quicker...
6 tricks to kick credit card debt quicker...
The 5 Worst Ways You Can Spend Your Tax Refund...
The 5 Worst Ways You Can Spend Your Tax Refund...
3 investments that aren’t actually investments...
3 investments that aren’t actually investments...
How to Start a Financial Literacy Club...
How to Start a Financial Literacy Club...
What Is Quadruple Witching Day in the Stock Market?...
What Is Quadruple Witching Day in the Stock Market?...
What do alpha and beta mean in investing?...
What do alpha and beta mean in investing?...
10 Factors That Don’t Affect Your Credit Scores...
10 Factors That Don’t Affect Your Credit Scores...
5 tips to take your investing to the next level...
5 tips to take your investing to the next level...
How to invest for retirement with a robo-adviser...
How to invest for retirement with a robo-adviser...
I want to start investing...
I want to start investing...
5 steps to turn your passion into a job...
5 steps to turn your passion into a job...
3 great stocks for low-risk investors...
3 great stocks for low-risk investors...