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Is Bitcoin Safe?

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If you’re wondering whether bitcoin is a safe investment, the short answer is no. That’s not necessarily a knock on bitcoin: All investments bring some risk of losing money.

Still, investing in bitcoin carries some unique risks that potential buyers need to note. To break down these dangers, a team of NerdWallet financial reporters recently sat down for a Slack discussion on bitcoin, its risks and where digital currencies belong — if anywhere — in the typical investor’s portfolio.

(Note: The writers’ conversation has been lightly edited.)

The roundtable

Question 1: So how safe is bitcoin?

Tina Orem, NerdWallet taxes writer: First, no investment is “safe.” Companies can fail, interest rates can change, credit ratings can tank, regulations...

Continue reading on www.nerdwallet.com

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