The advantage of cryptocurrency is that you could make something very good for yourself but the disadvantage of cryptocurrency is that the Risk that is involved is very high.
Advantages and disadvantages of cryptocurency.
- Thread starter Hasan Raza
- Start date
It is good when it goes up and you earn money online just like you wanted, but yet you can lose money and a lot it if it goes down, so it is kind of a funny thing to me because it's just about risks and risks are dangerous and shouldn't be taken often, but that's only my opinion.
I know a lot of people who like to take risks and sometimes I get scared for them because they might fail a lot of things if they are risk takers... that's how it works simple as that.
I know a lot of people who like to take risks and sometimes I get scared for them because they might fail a lot of things if they are risk takers... that's how it works simple as that.
Actually cryptocurrency has so many advantages and so also disadvantages depends on what you know and how you handle the business. one of it is that it's non perishable and also a futuristic.
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Cryptocurrency is the most famous name in today's world. Half of the online users are using it, while the other half are curious to know about it.
Cryptocurrency is digital money that operates separately from the bank. In simple words, you can say that there is no mediator or third person between two people. Transactions are recorded on the blockchain chronologically, and users can create, verify and enforce transactions without an intermediary or central authority. Cryptocurrency transactions are final, which means consumers can't dispute charges, but the real problem is that some people don't understand it or are unaware of it. One of the many drawbacks of cryptocurrency is that it cannot be traced, which make it a perfect tool for the criminal or illegal transaction.
Cryptocurrency is digital money that operates separately from the bank. In simple words, you can say that there is no mediator or third person between two people. Transactions are recorded on the blockchain chronologically, and users can create, verify and enforce transactions without an intermediary or central authority. Cryptocurrency transactions are final, which means consumers can't dispute charges, but the real problem is that some people don't understand it or are unaware of it. One of the many drawbacks of cryptocurrency is that it cannot be traced, which make it a perfect tool for the criminal or illegal transaction.
Well, though it can't be traced you still have various safe platform where you can perform various crypto transactions without fear. And that is why it is more advisable you are sure about who you are trading with so you shouldn't send your Crypto assets to someone you don't trust.
The crypto space is somehow becoming a little scary. The possibility of losing your money is so much especially if you are unlucky to invest in the wrong project , just exactly like what happened to investors In Luna.
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Luna project came as a big shock but it not something we can't still take advantage of, if you still have some spare funds you can buy Luna now that's it is very low and keep buying , and you would certainly get your profit as sometime yesterday it rose by 200% that's if you had bought it when it was low again you would have gained 200% of what you Invested.
Most of the time , I am not always interested in long-term investment in cryptocurrency. I don't just know why . Any future currency I am interested to invest on must be for long-term purposes best on my past experience. And you think Luna is good at that ?
One disadvantage that you should look out for in cryptocurrency is that it is very volatile and as such you can be at the risk of losing a lot of money within a short time if you do not use appropriate risk management.
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Cryptocurrency is a very good type of investment that one could invest your money on because of the profitability that is seen this business but the fluctuation is a disadvantage.
The advantages of cryptocurrency cannot be overemphasized. Apart from it's a possibility of getting a very good return and interest it also helps you have a constant and long lasting lifespan of investment. Disadvantage of cryptocurrencies that no one wants to invest in any other thing apart on cryptocurrency and the tendency as well of it making you panic is very high.
The major advantages that is seen in cryptocurrency is the lucrativity in the business, while the disadvantage is the level of fluctuations that is recorded in the investment.
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A lot of people always believe cryptocurrency to be one of the best way and the most simplest to get rich and also one of the simplest way to rip off your entire earning. All these things will depend on you as an investor or trader and your understanding of the crypto space.
The major advantages of cryptocurrency is the profitability while the major disadvantage is the volatility. It is very obvious that going into crytpocurreny investment is a highly risky investment and if you do not have the mind to take high risk, you shouldn't venture into it.
One of the good advantages of cryptocurrency is that you can be able to send the money across geographical locations and only mostly and most of the transactions are first.
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One of the major advantages of cryptocurrency is the volatility and this brings in the profit. The major disadvantage is the risk that is involved in it.
cryptocurrency has a lot of advantages and one of the major advantage is that it gives people the opportunity to invest money and make profit.
There are a lot of people that have made fortunes over the years from trading currency trading and Investment.
There are a lot of people that have made fortunes over the years from trading currency trading and Investment.
Cryptocurrency has disadvantage and advantage still many people are coming millionaires, because it gives you a big profit but at times too you can lost money from it.
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The really advantages and disadvantages of cryptocurrencies lie when you are trading it, if it is rising you earn well but when it is dropping you will lose a lot. That is why most people do not go into cryptocurrencies like that.
Perhaps the most important factor about cryptocurrency is the fact that it is completely anonymous and it is something that can be verified by anybody across the block chain.
If you are using cryptocurrency then you are also eligible to participate in so many other things and that utility is one of the things that have made me to believe in the project for a long time.
If you are using cryptocurrency then you are also eligible to participate in so many other things and that utility is one of the things that have made me to believe in the project for a long time.
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