Is cryptocurrency a good investment?

The short answer is that it depends on your personal financial situation, your risk tolerance, as well as the cryptocurrency you choose to invest in. The cryptocurrency market is highly volatile and only has a few years of a track record on which to judge. There are many different types of cryptocurrency to invest in and it isn’t clear which one(s) will stand the test of time. It is possible that none of them will. On the other hand, the volatility in the short term can be a great advantage as one could make huge profit margins in a short period of time if you make exactly the right pick at exactly the right time. Profit can be made when the price of cryptocurrencies are going up and even when prices are going down.