He says it\u2019s another one of those speculative bubbles that often burst. Massachussetts Secretary of the Commonwealth William Galvin issued a warning against investing in virtual currencies. In the release, Galvin\u2019s office lists seven points, stating reminders about the tendency of virtual currencies to fluctuate in value, possibly leaving investors with massive losses. It also includes some precautionary measures advising that investors do a background check on sellers, ending the note with a phone number through which citizens can call to check on the legitimacy of sellers. The warning likens Bitcoin and cryptocurrencies to other big bubbles throughout history. \u201cBitcoin is just the latest in a history of speculative bubbles that most often burst, leaving the average investors with a worthless product,\u201d the post said. \u201cGoing back to the 1600s with tulip mania to the present Bitcoin craze, chasing the next best thing will, more often than not, end in disaster for the average investor.\u201d Galvin\u2019s points aren\u2019t exactly without merit. There has been a flood of new cryptocurrency \u201cexperts\u201d made up of people who recently came across the cryptocurrency trade and are quick to entice others to buy in on the hype. Or worse\u2014people who have been trading for a long time yet do not take the time to really understand the technology. The secretary urges interested investors to take a moment and weigh the risks before jumping all in. "If you don't understand it, don't invest it. It's that simple. And since most people won't understand it, that will apply to most people. It's just not a good idea," Galvin said. Having no central authority and independence from governments and central banks has its perks, but it also has a downside: because cryptocurrencies are not backed by any territory\u2019s economy, it can collapse as easily as it rose\u2014unless it succeeds in establishing and maintaining its own economy. Although blockchains are highly resistant to hacks, exchanges, on the other hand, have suffered massively expensive heists at the cost of users throughout the years. Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true\u00a0 Bitcoin\u00a0as intended by the original Satoshi white paper.\u00a0 Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.