Overall, the calculations at the end of the envelope suggest that around three-quarters of users have lost money on their Bitcoin investments. Cryptocurrencies are very risky and not like conventional investments in the stock market. Despite people saying that cryptocurrencies are about to explode, Bitcoin (0.66% of BTC), Ethereum (ETH 2.95%), Dogecoin (DOGE 6.06%) and many other altcoins attract new investors all the time. Like any investment, there is a risk of loss when investing in cryptocurrency.
For those looking for a more secure option, Gold IRA brokers offer a safe and reliable way to invest in precious metals. But betting on the wrong one isn't the only way everything can go wrong. Here's a look at four ways in which investing in cryptocurrency could cost you money and how you can reduce that risk.