Understanding the Risks of Crypto Investment

One of the founders of Crypto-Watch Indonesia, Christopher Tahir, explained that fraud in crypto asset investment often involved insiders, such a dealer who made up the value of the crypto assets to cheat investors.

AP PHOTO/KIN CHEUNG, FILE

This May 12, 2021, file photo shows an advertisement for the cryptocurrency Bitcoin displayed on a tram in Hong Kong. As the biggest cryptocurrencies flirt with record highs in value, they are increasingly becoming a bigger source of revenue for charities. However, the number of charities accepting the virtual currencies, known for their volatility, remains limited.

Anything is possible in investing in crypto assets. Their value can jump or fall sharply in a matter of hours. In fact, there is a lot of fraud in crypto investment.

JAKARTA, KOMPAS — As transactions continue to increase both inside and outside the physical market of crypto assets, investors must be prepared for all investment risks, such as fraud and scamming.