With that in mind though, other digital currency forms like Dogecoin and Namecoin who people consider “joke money,” may actually be profitable in the near future. The creator of Dogecoin made the coin so that it gives a wider demographic than just Bitcoin. Dogecoin is always running updates and improving its blockchain system, completely independently of Bitcoin, to implement new features according to the architect behind the coin Ross Nicoll.
As far as getting scammed goes, usually people who have a lot of coins are abusing the use of it. A survey taken in 2015 by MarketsInsider shows Bitcoin users tend to be overwhelmingly white and male, but of varying incomes. The survey suggested that people with the most bitcoins are more likely to be using it for illegal purposes. According to Jason Bloomberg, and IT industry analyst, there are four primary areas of criminal activity lend themselves to cryptocurrency: tax evasion, money laundering, contraband transactions and extortion.
Read the entire article at https://uncagednews.com/6408/feature/cryptocurrency-a-risky-investment/.