The lure of earning vast wealth by investing in cryptocurrency has drawn investors from all over the world in recent years, but the collapse of much of that value in recent months provides a sobering lesson in the market’s volatility.
Local experts say this volatility should drive home to anyone considering crypto one critical necessity before getting into the market: do your own research.
Learn before you earn
Gordon Gulledge, the in-house cryptocurrency specialist at Greenville’s Foster Victor Wealth Advisors, says he got involved with crypto about nine years ago, in part because of increasing curiosity from his clients. He quickly learned there are some fundamental aspects of this emerging market that any investor should always keep in mind.
The blockchain technology upon which cryptocurrency is based has huge long-term potential for a variety of applications, Gulledge says. But cryptocurrencies themselves are highly speculative and thus tend to be inherently volatile as an...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...