This week we asked the Invstr Community what they think is the biggest threat to those who are investing in cryptocurrency!
29% of the Invstr Community thinks that cyber theft or fraud will jeopardize the capital of cryptocurrency investors. Cryptocurrency assets exist in decentralized and independent online environments, not held back by the rules of banks or governments. While this makes them more accessible to people, it also exposes cryptocurrency to a higher risk of cybercrime.
29% of the Invstr Community believes that government intervention will ultimately be the downfall for cryptocurrency investors. Crypto regulation can be confusingly general or ambiguous. These investors fear that regulation could be overly restrictive and stifle innovation, which makes it difficult to engage with cryptocurrency.
14% of the Invstr Community says that unregulated crypto exchanges will negatively affect cryptocurrency investing. Cyber security issues and online fraud put the Bitcoin investments that people store virtually at risk. These investors think that cyber-attacks can lead to significant losses for an investor with savings in cryptocurrencies.
9% of the Invstr Community thinks the misplacement of private keys will be a threat to cryptocurrency investing. Don’t ever lose your private key. It makes it very difficult to retrieve access to your funds. No private keys, no cryptocurrency.
19% of the Invstr Community suppose that the major dip in prices will be the biggest hazard for cryptocurrency investors. As cryptocurrency is very high in volatility, investors think that this downward trend will continue. These investors feel that people wouldn’t want the risk of cryptocurrency crashing and they could be out of their funds in a blink of an eye.
The Invstr Team 🙂