Launched in 2013, Telegram allows users to broadcast messages to a following via тАЬchannelsтАЭ, or create public and private groups that are simple for others to access. Users can also send and receive large data files, including text and zip files, directly via the app.The platform said it has more than 500m active users, and topped 1bn downloads in August, according to data from SensorTower.
Should You Buy Bitcoin?
In general, many financial experts support their clientsтАЩ desire to buy cryptocurrency, but they donтАЩt recommend it unless clients express interest. тАЬThe biggest concern for us is if someone wants to invest in crypto and the investment they choose doesnтАЩt do well, and then all of a sudden they canтАЩt send their kids to college,тАЭ says Ian Harvey, a certified financial planner (CFP) in New York City. тАЬThen it wasnтАЩt worth the risk.тАЭ The speculative nature of cryptocurrency leads some planners to recommend it for clientsтАЩ тАЬsideтАЭ investments. тАЬSome call it a Vegas account,тАЭ says Scott Hammel, a CFP in Dallas. тАЬLetтАЩs keep this away from our real long-term perspective, make sure it doesnтАЩt become too large a portion of your portfolio.тАЭ In a very real sense, Bitcoin is like a single stock, and advisors wouldnтАЩt recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if youтАЩre passionate about it. тАЬIf it was one stock, you would never allocate any significant portion of your portfolio to it,тАЭ Hammel says.
