What is a cryptocurrency and why do many people ask me to invest? Who of you knows or has investment experience?I understand and trade Chinese stocks, and I know many such investments abroad. I want to know his risk and return rate. I hope enthusiastic netizens can answer for me. I have many questions. I hope some friends who trade cryptocurrencies will contact me and leave a message, thank you very much

It's a scam! Stay away from them!

If you are in Hong Kong and trade in Chinese stocks as you claim, you should be fully aware of what crypto-currency (bitcoins) are, and how they work. You should also be fully capable of doing an internet search on the subject and understanding it. So what are you really asking?

People asking you to invest in a crypto might be (are probably) a scam but cryptocurrency and the principles that many cryptocurrencies operate under are not.

A 'cryptocurrency' is a digital currency (form of money) with many of them being based on POW 'proof of work' algorithms which require substantial fixed capital investment as well as variable operating and continued labor costs in order to obtain them.

This means that significant amounts of capital are expended in order to obtain the cryptocurrency thereby establishing the cost basis of the digital currency.

POW cryptocurrency coins are not created out of 'thin air' as many suggest but have a real and tangible basis that is required in order to obtain them. Caution: This concept holds true for POW coins but is not true for other coins such as Ethereum tokens where the coins are or can be created from 'thin air' so one has to be careful and understand the underlying fundamental basis of each particular cryptocurrency being examined.

It takes serious research to understand all of the nuances of the different currencies and my 'non legal non financial' suggestion would be to get a bitcoin wallet by yourself (you can do this multiple ways) and buy some bitcoin through one of the publicly available markets.

Billions of USD worth of bitcoin are traded each day ($12,073,300,340 as of the last 24 hours) so there is substantial liquidity in the markets as well.

Get your own wallet, purchase some bitcoin from a market, and then you can trade your bitcoin independently when and how you wish. Lastly, there are 1000's of cryptocurrencies. Bitcoin is by far the largest with ~59.02% of the total monetary value of all cryptocurrencies being held in Bitcoin right now so if you are looking for exposure this could be one route. I hope this helps begin to explain the topic.

I know a little bit about Bitcoin, but I don't have much. Since the Chinese stock market has made me lose a lot of money in the past two years, I have not invested in any financial products in the past two years. In addition to insurance, many people join the site. Asked me to invest in cryptocurrency, so I was curious. I have read the relevant books, but there are still many things I don’t understand, such as how to control the risks.