Cryptocurrency: getting off to a good start by reducing risk

Promises of quick capital gains, but also risks (@shutterstock)

Are bitcoin and digital currencies still the El Dorado for investors? Behind the promise of rapid capital gains, pitfalls and disappointments lurk.

Young investors swear by cryptocurrencies – a third of 18-25 year olds hold or have held such currencies, according to a survey conducted this year by the agency Heaven.

Bitcoin offers, it is true, the prospect of rapid and spectacular gains. One euro invested in January 2016 was worth 8 three years later, 16 at the beginning of 2020 and 140 on November 12, 2021, when Bitcoin reached its record price (56,000 euros)!

A spectacular increase, certainly, but which cannot hide the risky nature of cryptos. Between the peak of November 2021 and the first days of September this year, the value of bitcoin and most digital currencies has thus been divided by three.

So, should you invest part of your savings in cryptos? Certainly if we take the time to study the particularities and mechanisms of these 21st century assets.

What exactly are cryptocurrencies?

Like bitcoin, these are virtual and immaterial currencies. Here, no banknotes or coins, but digital certificates generated by a complex validation system, the blockchain.

This acts as a ledger in which operations are recorded, whether the issue of units of value or exchanges, in order to guarantee the security and authenticity of transactions.

Who issues and manages


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