Here at Camuso CPA PLLC, we provide consultations and services for better understanding and ease in doing business. Cryptocurrency investing and trading is a very new market. It requires specialized knowledge and skills to be deeply engaged to it. Sudden rampant growth may lead to volatility and while it seems attractive to invest in digital currencies, this phenomenon has some instability to consider before investing. Any investment in cryptocurrency is subject to all the risks and disclosures set forth in the Customer Transaction Agreement and other definitive customer agreements. Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risks.
Cryptocurrency has limited operating history or performance. An Investor could lose all or substantial portion of his investment and maybe subject to tremendous fees and other expenses.
Thus, an investment in cryptocurrency should be discretionary capital set aside strictly for speculative purposes. Further, Bitcoin, other cryptocurrencies and information provided by our consultants are not intended to be, nor should be construed or used as investment, tax or legal advice, a recommendation, and or an offer to sell.
Most importantly, Investors must have the financial ability, knowledge, sophistication and experience and willingness to bear the risks and a potential total loss of their investments. If you want to be more knowledgeable and well-rounded on this kind of investment please call your CPA.