{"id":53063,"date":"2022-06-23T11:01:26","date_gmt":"2022-06-23T03:01:26","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=53063"},"modified":"2022-09-13T14:01:28","modified_gmt":"2022-09-13T06:01:28","slug":"crypto-safe-as-an-investment","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/crypto-safe-as-an-investment","title":{"rendered":"How Safe Is Crypto As An Investment?"},"content":{"rendered":"

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Is cryptocurrency considered safe as an investment?<\/p>\n

That\u2019s a question you may have asked yourself and with the recent news<\/a> about cryptocurrency, you might be afraid to put your hard-earned money into this new form of investment, despite stories of people becoming instant millionaires<\/a>.<\/p>\n

The truth is, investing in cryptocurrency is as safe as any form of investment today. And just like any other investments, you need to look beyond the hype, understand the foundations of the market, and stick to a few investing rules of thumb before diving in.<\/p>\n

So, if you\u2019re interested in diversifying your investment portfolio, let\u2019s look at cryptocurrency and judge it based on the same rules that apply to traditional investments.<\/p>\n

<\/span>How safe is the technology behind this currency?<\/span><\/h2>\n

Most people are familiar with the major cryptocurrencies, such as Bitcoin or Ethereum, and often look at these digital currencies as an indicator for market investment. Instead of just looking at the value of the coins, we should consider the technology that powers them.<\/p>\n

Blockchain<\/a> is a relatively new technology and it is what powers every cryptocurrency. It is essentially a digital ledger that is very secure and impossible to change, hack, or cheat the system.<\/p>\n

And the beauty of blockchain is that it can be applied to other areas of our life beyond finance. In fact, you are currently using a blockchain-powered app daily without even knowing it! That\u2019s because our MySejahtera app uses blockchain technology<\/a>, which helps protect your data and ensures that your vaccination certificate is authentic.<\/p>\n

If you\u2019re still unsure of how big blockchain technology is, think of it as the internet, only it\u2019s being adopted at a much faster pace with 81 out of the top 100 public companies <\/a>using it for things such as supply chain and financial transactions.<\/p>\n

Bottom line, blockchain technology is here to stay, and it is more than just hype. It is a real technology with real-world applications.<\/p>\n

So, what does that have to do with investing in cryptocurrency? Here\u2019s how you can invest in cryptocurrency and blockchain.<\/p>\n

<\/span>How should you approach investing in cryptocurrency?<\/span><\/h2>\n

Now that we understand the potential of blockchain, if you want to invest in that technology and the platform, you need to look at investing in cryptocurrency as if it is a stock of a company.<\/p>\n

For example, if you want to invest in a public-listed company, you buy their stock on a licensed and regulated stock exchange. Similarly, if you think it is worth investing in blockchain technology, you could invest in an established cryptocurrency through a regulated digital currency exchange like Tokenize Malaysia.<\/p>\n

Today, investing in cryptocurrency is akin to investing in the stock of a company. A quick look at what is happening worldwide shows that cryptocurrency is here to stay.<\/p>\n