Empowered Planning Blog

Cryptocurrency has been making headlines in every news outlet around the globe. These eye grabbing headlines have investors scratching their heads asking, “Should I invest in Cryptocurrency?”. 

The short answer: Only invest what you can afford to lose. 

This is not the same tune I sing when I talk about investing in the stock market. The stock market has been around for hundreds of years and is flooded with regulation.  Before you jump head first into cryptocurrency trading, check out these top 3 must know’s!

1. Uncertainty, Uncertainty, Uncertainty

The high price swings you see in cryptocurrency trading is a reflection of how many unknowns still exist in this space. The financial industry hasn’t exactly agreed on how to categorize cryptocurrency. For example, is it actually a currency like the dollar? Or is it a commodity like gold? Then there’s the question from the IRS. They want to share in the high profits but...