As an investor, you might be wondering whether to invest in cryptocurrency or not. First, you should know that cryptocurrency has been gaining popularity in recent years. As of today, there are over 3 trillion cryptocurrencies in circulation. This makes it one of the most valuable inventions in history. Cryptocurrency experts advise you to perform due diligence before investing in this field. Peter Janssen has been investing for over ten years, and he is passionate about cryptocurrency-related technologies.
Should You Invest in Cryptocurrency?
Cryptocurrency trading requires a lot of attention, and you’ll want to make sure that you’re not wasting your time on fad investments that don’t produce any results. Even experts like Janssen have faced losses, and you shouldn’t either. The rise of Bitcoin and other cryptocurrencies prompted many investors to overinvest in digital currency, and some of them became hodlers. To avoid falling into this trap, invest in coins that solve problems in multiple industries.
The investor alleged that Janssen misled her into investing in an investment that may have not been suitable for her. The investor claimed that Janssen directed her toward an unsuitable investment in Mega Blockchain when she was only interested in private placements. Despite the unsuitability of the investment, she was able to receive $17,500 from the company. The investor’s complaint was settled in June 2020 with Katalyst Securities, which paid the investor $17,500.