Last Wednesday 7th February was held in new York All markets Summit: Crypto, the Cryptocoins Conference of Yahoo Finance. This event was attended by several experts involved with blockchain technology, which gave several warnings to investors in this economic system.
Among the most highlighted points are the following:
1.-Basic information on investing in cryptocoins, initial currency offerings, regulations and policies, trading options with Bitcoin, listed investment funds and even Ripple.
2.-they exposed their concern at the risk points that are not easily perceived by the investors of the cryptocoins.
3.-be very cautious in investing in new projects.
According to Grant Fund partner, Goodwin Procter LLP raises the following: "At some point, they may lose money. Things go up and down. Some people put everything in a single project, and I think it's a bad idea, no matter how good an idea it looks. "
4.-it emphasizes the responsibility of each investor to study and know those projects in which he invests his money and the need for greater education on the world of Cryptocoins.
5.-they made mention to be attentive with the so-called "false decentralization", which comes from companies with misleading advertising to attract investors, as they claim to have decentralized projects using blockchain technology, but in Reality its operation is quite centralized.
"The conclusion of the Conference was that the blockchain and the Cryptocoins are a powerful and revolutionary technology, with the potential to do a lot of good, and that can represent an excellent investment opportunity. But at the same time, investors must be responsible, educated, and researched on the projects they want to invest in order to succeed and avoid being victims of fraud".
