Does this also apply to the investment of crypto and ICO currencies?

[kirstiemorton23]

Because usually, financial advisors represent companies, you will most likely be directed to choose investment options such as insurance, savings insurance, deposits, mutual funds, and others owned / offered by companies or banks.

[South Park]

Because usually, financial advisors represent companies, you will most likely be directed to choose investment options such as insurance, savings insurance, deposits, mutual funds, and others owned / offered by companies or banks.

There is nothing like that in cryptocurrencies, you need to understand that you're stepping in a market that is mostly unregulated and you are completely responsible for what happens with your money, if you lose your money to a scammer you are never going to see that money again no one is going to ever insurance you for such a risky investment, that is why you need to think twice before investing in any coin.

[Wxrhino]

Because usually, financial advisors represent companies, you will most likely be directed to choose investment options such as insurance, savings insurance, deposits, mutual funds, and others owned / offered by companies or banks.

There is nothing like that in cryptocurrencies, you need to understand that you're stepping in a market that is mostly unregulated and you are completely responsible for what happens with your money, if you lose your money to a scammer you are never going to see that money again no one is going to ever insurance you for such a risky investment, that is why you need to think twice before investing in any coin.

This. Which in essence, was the original utility for 'cryptocurrencies'. When you decentralize, you lose or gain security depending on how you want to look at it. In this case, you are foregoing the protection of your assets by companies/government when you invest in crypto. However the stock market is volatile too and none of the above options really offer guaranteed ROI.

[Valermos]

I suppose there are should be some ETF of crypto that will be offered in the future, but you need to understand that it would be the most risky tool in your portfolio.

[Jr.]

Thinking of many things, if, as for example, let's say if a well known company will create token (this is only example), like CNN international broadcasting, I do believe 50% of investors will join the project since they know that this token is back-up by a big and known group and investor will give their trust and hope for it. And scam is not an issue, and this is what I've waiting also.

[South Park]

Because usually, financial advisors represent companies, you will most likely be directed to choose investment options such as insurance, savings insurance, deposits, mutual funds, and others owned / offered by companies or banks.

There is nothing like that in cryptocurrencies, you need to understand that you're stepping in a market that is mostly unregulated and you are completely responsible for what happens with your money, if you lose your money to a scammer you are never going to see that money again no one is going to ever insurance you for such a risky investment, that is why you need to think twice before investing in any coin.

This. Which in essence, was the original utility for 'cryptocurrencies'. When you decentralize, you lose or gain security depending on how you want to look at it. In this case, you are foregoing the protection of your assets by companies/government when you invest in crypto. However the stock market is volatile too and none of the above options really offer guaranteed ROI.

True, the whole point of cryptocurrencies is to gain independence from third parties named banks and governments, we do not want the protection of big daddy government, if you are looking for that in this market then the only thing that I can say to you is that you are probably in the wrong market and that any person thinking that we are ever going to see that is better off investing in something else.