Be cautious, say young investors burned by crypto crash

The Singapore authorities have long warned that the trading of cryptocurrencies is highly risky. PHOTO: ST FILE
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SINGAPORE - After he saw his five-figure cryptocurrency portfolio plunging nearly 95 per cent in value in January this year, Mr Poshaan Gulab Daryanani, 21, did not dare trade that asset class for the next two months.

"It took me four to five months of consistent trading to build my portfolio and to think that it would be wiped out in a week. I was very, very scarred," said the student.

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