Is Cryptocurrency Investing or Gambling? 3 Things You Need to Know

Cryptocurrency is the latest phenomenon in the investing world, but how safe is it really? While some people have made millions buying cryptocurrency, you could easily lose everything.

Even the experts are divided about whether crypto is a good investment or not. Some celebrity billionaires like Elon Musk have promoted cryptocurrencies like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) on social media, while other investors like Charlie Munger and Warren Buffett have famously voiced their criticism of cryptocurrency.

Cryptocurrency can be incredibly risky -- so risky that some would consider it more of a gamble than an investment. And there are a few things you should know before you buy.

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Source Fool.com