Cryptocurrency Investors has been warned at Yahoo Finance’s cryptocurrency conference

At Yahoo Finance’s cryptocurrency conference on Wednesday, speakers kept banging the drum of personal responsibility.

The audience was repeatedly warned about cryptocurrencies risks and asked whether they research before investing into any cryptocurrency or not, especially if they don’t understand it.

Goodwin Procter LLP partner Grant Fondo told:

“Things go up and down and some people put everything into one project, and I think that’s a bad idea no matter how good an idea it seems. At some point, you may lose.”

One of the panels warned about the need for research and critical thinking about where one’s money is actually going.

She explained:

“For the retail investor who wants to get involved in the blockchain ecosystem, whether through an [initial coin offering] or through other means, you really need to educate yourself. For the first time in, possibly, history, you can have control – but with that increased amount of control comes an increased amount of responsibility.”

The conference also turned into the range of subjects such as regulation and investor demographics in the crypto space.

‘Faux blockchain’

Ryan Shea also pointed out the things which would be known by the investors. The companies those use the topic of decentralization and blockchain technologies, but in reality, those are fake.

Ryan said: