There is a lot of hype about cryptocurrency or digital money as some call it, people want in on it and others are on the sidelines. Critiques on both sides of the issue.
What to do? To bring some sanity to the issue “Wealthy Retirement” a newsletter by The Oxford Club released an article to shed some light. First of all, Bitcoins are a type of cryptocurrency and there are many types of cryptocurrencies. According to The Oxford Club article, Bitcoins grew large to $900, people got bitcoin fever, and now they are worth $16000.
Some facts about The Oxford Club is that it is a privately operated financial club that is global and wants its members to invest in the best investments so they can enjoy life without much financial difficulty. They have a great team of financial strategists to cover the job. They offer knowledge which can beat the stock market and give the investor peace of mind. They offer advice on bonds to precious metals and everything in-between.
The Oxford Club wants people to know that cryptocurrency is a new market investment for investors. These currencies can be used in place of money in some business transactions that accept them. In the case of the Bitcoins businesses like Expedia, Overstock and Dish do accept them in place of paper money.
The Oxford club wants their readers to know that whether one should buy cryptocurrency or not is a matter of debate but if you want to invest in cryptocurrency, then you should invest only what you are willing to lose. This means that your other serious investments should be safe for more reliable time-tested investments.