Advantages and disadvantages of cryptocurency.

[Ezekiel]

Crypto has removed alot of people from poverty,now most person are working from home without stress,most people controls their income the disadvantages is that it prices falls at any point which could spoil ones plan for money

 

[Bookwormlux]

Some may say crypto currencies are being used by money launderers, but we forget that much more laundering have been done using fiat currencies.

 

[Ezekiel]

Everything that has a disadvantage also has an advantage so I will say crypto currency advantage is that it makes you the pioneer of your money it's disadvantages is that the coin risesand fall at any point

 

[Syldan]

There are some many advantages that are attached to the practice of creating in the world today. Cryptocurrency is one form of investment which is considered as a life time investment which it does not lost it value and it's very profitable.

 

[Adecyptii]

Considering the fact that cryptocurrency tends to have a lot of advantages,so also it has some disadvantage which is the decreasing speed of transaction and its ban in some countries.

 

[greenie]

Just like every other business cryptocurrency has its advantages and disadvantages. When investing in cryptocurrency you have so many risk to face and one of the disadvantage is that sometimes you buy a coin and it keeps going down if you don't have patient you will sell on loss but if you got patient it rise and you take your profit.

 

[Dagm1]

Cryptocurrency has both benefits and drawbacks. There is no central body that controls your wealth in the sense that it is decentralized.
We can also use cryptocurrency to make speedier payments.
In words of misfortune or deception. There is no way to get your money back.

 

[Good-Person]

Cryptocurrency has both benefits and drawbacks. There is no central body that controls your wealth in the sense that it is decentralized.
We can also use cryptocurrency to make speedier payments.
In words of misfortune or deception. There is no way to get your money back.

Many people lose their wallet keys and the recovery of funds is almost impossible in such kind of cases. Some people even get their wallets hacked and this can also lead to loss of funds.

 

[Sotherefore]

Cryptocurrency do not have a potential risk as such except you are investing in the wrong project.. if proper investment is not done in cryptocurrency then the possibility of losing your money is very high.. you have to research and understand everything about cryptocurrency and almost everything about it will be possible.

 

[Grandeur]

Despite the fact that Cryptocurrency has many advantages like making you a millionaire overnight, it has a lot of disadvantages as well. One's funds can be totally wiped out within a few minutes if care isn't taken, also the cost of sending Crypto to one wallet from another is very high, besides, the price volatility poses a greater risk.

I do not opine with the opinion that one could become a millionaire overnight especially in cryptocurrency,you will have to have learnt the trading strategy and invest to get high returns.

 

[Bousine123]

The advantages of crypto currency is that you can invest in it and become richer, even without going out of your room in your own convenient time, the disadvantage is that you can also be scammed through unlegit sites because it is a faceless business.

 

[GoldenLady]

One feature of cryptocurrency is decentralization, which is at the same time both a strength and flaw depending on how it's utilized by people. Generally, it keeps the control of people's money on their hands and not to a centralized entity.

 

[Laurentta]

Crypto currency has a lot of advantages and disadvantages. Personally i feel the disadvantages are more numerous than the advantages like they are not stable, one could lose all of one's money at a go.

 

[Syldan]

There are several advantages associated with the operation of cryptocurrency which may include easy generation of income within a short period of time while its disadvantages is associated with fall in the value of crypto.

 

[Skysaint]

Advantage of cryptocurrency is that you can make profits and earn money and the disadvantage there is quite the opposite of the merits which is that you stand a chance to lose your money. So one needs to be careful and observe the volatility of the market.

 

[Syldan]

There are so much disadvantages of cryptocurrency rather than it advantages. The fact is that your investment capital can be scammed on the process of transaction. The benefit is associated with profit maximization.

 

[kayode10]

Cryptocurrency has helped some people to become their own body in my country I need help to reduce the rate of unemployment in the country. some people are making money trading cryptocurrency why some are making money from exchanging different coins.

 

[Syldan]

One of the advantages of cryptocurrency is that, it's a means of generating income effectively when you know how to run the business unlike other form of business which may takes a little time before income generation.

 

[Monster Masterpiece]

One of the advantages of cryptocurrency is that, it's a means of generating income effectively when you know how to run the business unlike other form of business which may takes a little time before income generation.

It depends on the business you are doing if you work on CoinpayU or Cointiply for just watching ads like you are begging from them some crypto but if you are working on Picoworkers you will get a good amount of crypto 5 $ to 10 $ per month, not like CoinpayU you click one month for 1000 satoshis which are 0,38 $ that you could earn on one complex signup micro job on Picoworkers.

 

[kayode10]

Cryptocurrency has helped to reduce the rate of unemployment and fraudulent activities among the youth in my country. Some people are full-time cryptocurrency exchanges and they are making cool cash as a result.