Still Considering Investing in Cryptocurrency? Here's What You Need to Know. The crypto markets are known for their unpredictable swings.

By Phil Town • Sep 14, 2018

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Phil Town discusses the practicalities of investing in cryptocurrency today. Is it still a good investment? Is it too volatile?

Town warns that cryptocurrency is notoriously hard to understand. The technological aspect of cryptocurrencies make them particularly bewildering, especially if you're just starting out.

Town points out that the volatility of the cryptocurrency market can actually be an asset to investors.

This can prove especially lucrative if you engage in shorting. So, for those who are interested in trading crypto, being on the right side of the market can result in high rewards.

Click the video to hear more from Town.

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Phil Town

Phil Town is an Investment Advisor, Hedge Fund Manager, 2x New York Times Best-Selling Author of Rule #1 & Payback Time, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk and 15 percent returns. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

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