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FAQ

Cryptocurrencies

Bitcoin & co. are digital money not controlled by a bank or a state. There's no company behind it with revenue or profit, the value comes purely from supply and demand.

Cryptocurrencies · higher volatility

Bitcoin, live

Bitcoin fluctuates many times more strongly than stocks or ETFs, there's no company behind it with revenue or profit. The chart alongside shows the real, current price history, the swings up and down are deliberately not smoothed out.

Cryptocurrencies, pros

  • Tradeable around the clock, independent of banks or exchange hours.
  • Can pay off strongly in the short term.

Cryptocurrencies, cons

  • Higher volatility, no company as a foundation.
  • For most people more speculation than investment.

Only with money you can afford to lose

If you speculate with cryptocurrencies, only do it with money whose total loss you could handle, never with your emergency fund or your pension savings.

The 3 key takeaways

  1. Cryptocurrencies are digital money with no company behind them.
  2. Higher volatility means many times stronger price swings than with stocks or ETFs.
  3. Only speculate with money whose total loss you could handle.