Taking risks: Are cryptocurrencies worth the gamble?

IF you had invested just US$5 in bitcoins seven years ago, you could be sitting on a gold mine of US$4 million today. While it used to be worth only a quarter of a cent, one bitcoin is now valued at close to US$2,664. ICOs (Initial Coin Offerings) have seen over US$1 billion raised this year, all from investors who were given a token and a somewhat vague promise of involvement in a new industry or business. But I bet many of us wish we had parted with five bucks back then.

Trading in cryptocurrencies such as bitcoins, ethereum and litecoin, while fulfilling and exciting, is not without its complications. Here are the top three risks with ICOs and what one needs to know before taking that cryptocurrency plunge:

THE ALTCOIN EVOLUTION