Bitconnect Cloud Mining and ICO's oh my!

Everyone is asking, "Is BitConnect a scam?" "Is could mining a scam?".

Whether they will turn out to be a scam or not who knows. What we do know is for the brave few who made large investments are getting paid consistently. And they are all too happy to show you proof on YouTube.

If you own crypto currency you are no stranger to risk. We all know darn well how volatile this market is. We know we are one news story away from losing a lot of value. Yet some people are shying away from these "scams" and prefer to buy and hold. I respect that but my personal view on the matter is we should treat crypto currency like any other investment. And with any investment the professionals always tell you to diversify. When you diversify you are diversifying your risk exposure and also your profit exposure.

I decide to make a comparison of traditional financial investments with what is available in crypto currency. This is my own opinion. Take it for what it is worth. I hope you find it useful!

Traditional Investments and their crypto equivalent:

Bonds – A loan that you are giving an institution for a fixed rate of return..

Crypto equivalent:
BitConnect
Genesis Mining (cloud mining)

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Stocks – Gives you partial ownership of a publicly traded company. The value of the shares are determined by supply and demand in the markets. You can have complete control of the stocks you own or use a broker. Stocks have a wide variety of risk depending upon the company and also a wide variety of return.

Crypto equivalent:
Trading on Exchanges like Poloniex Bittrex, Coinigy

IPO – Initial public offering. Some advanced investors get the opportunity to buy shares of a company at a very low price before it is made public. IPO’s are considered very risky but have the potential of huge reward

Crypto equivalent:
ICO Coins, Crap coins

Mutual fund – A professionally managed portfolio of assets. You don’t have control over your asset allocation. Your money is locked up until sold.

Crypto equivalent: Freelance Crypto-currency Management

Money Market account – A saving account that offers a modest rate of interest in exchange for larger balances. Are generally considered safe investments and very liquid.

Crypto equivalent: Exodus wallet – Exodus wallet is a multi coin wallet that you install on your desktop. You can transfer as many coins as you like between each wallet in your portfolio. If you believe Dash is going to out perform LightCoin that day, you can easily move all or a portion of your portfolio (minus a transaction fee).

Each of the crypto options is a different tool or a basket of eggs if you will. Try not to put them all in one basket.