Lack of information about some businesses in which you are attended to invest is a flaw. Especially when it comes to cryptocurrencies, where we all know how volatile the cryptocurrencies market is. The cryptocurrencies boom is in full swing, interest for cryptocurrencies are rising and people without much knowledge about this sphere are investing theirs money. Before you consider investment in cryptocurrencies, do the research about platform and cryptocurrencies you are investing in.What we have noticed so far
When it comes to new traders on market, people are divided into two groups. First group are people that spent their time into research about which cryptocurrencies are good investments and which should be avoided. Second group of traders are avoiding research and they just dive head first into the market. This is almost every time ended by buying a scam cryptocurrencies from unreliable sources, which leading to loosing all the investors money.The Problem with a Lack of Knowledge
For example the situation with Bitconnect is the best example when people doesn\'t listen warnings. People keep investing their money into the system, these people belong to the second group of above mentioned. Now, when Bitconnect has closed down these traders lose all of its assets.Prevention, Education, and Good Services
To avoid above mentioned and became the trader from the first group, the only solution for you is to educate and research about cryptocurrencies from reliable sources. There are plenty of websites that can teach you almost everything about cryptocurrencies trading like BullMarketz. Of course the knowledge about some currency doesn\'t mean that you will surely profit from it, you also need to use only reputable services and wallets for your investment.Protect Yourself and the Industry
By educating yourself before even think about the investment and while investing as well, you will ensure that you always know what is happening on the volatile market like cryptocurrencies market is.