What are the risks of trading crypto? + MORE Apr 20th

Jessica Moorhouse loves talking about money. So much so, in fact, that she’s made a career out of it, becoming a financial blogger and influencer, and eventually, a podcaster. And Moorhouse wanted to ensure that she speaks about finances with credibility, so she also became an Accredited Financial Counsellor, earned both the Canadian Securities Course and the Financial Services Advice certificates, and is currently working toward to becoming a Certified Financial Planner. We chatted with Moorhouse to find out more about where her passion for finance stems from and what she hopes to help people—and women, in particular—with.

Who are your financial heroes?

Andrew Hallam. Six years ago, I read his book, The Millionaire Teacher, and it made things that were difficult to understand just click in my brain. I find that sometimes if you dive into a book that is a little above your level, and you just feel anxious, then you think, “Well, this is too complicated.” But his book made me realize you can learn this stuff…

Thinking about getting into crypto? Bitcoin, ethereum and their multitude of smaller competitors have created a new world of investment opportunities. No doubt, the crypto economy is exciting, but proceed with caution. Cryptocurrencies are still considered highly speculative, and not only because of their massive price swings.

Dramatic gains are possible, but so are devastating losses, and investors should understand crypto’s wide-ranging risks. Here’s an overview of crypto volatility risk, technology risks, regulatory uncertainty and other issues that could affect the value of your investment.

Price volatility

Cryptocurrency prices can fluctuate wildly from week to week, or even within a single day. On May 19, 2021, for example, bitcoin’s price dropped 30%, after the Chinese government cracked down on bitcoin mining and trading.

Crypto prices may also rise and fall based on diverse factors such as changing public sentiment, world news, mainstream adoption, protocol upgrades, impending regulation, hacks, scams and more…