Advantages and disadvantages of cryptocurency.

[Syldan]

There is no doubt that cryptocurrency has some disadvantages and sometimes in the aspects in the lost of value when the price goes down but the truth is that there is alot of income generation associated with cryptocurrency transactions.

 

[Chibson]

There is no doubt that cryptocurrency has some disadvantages and sometimes in the aspects in the lost of value when the price goes down but the truth is that there is alot of income generation associated with cryptocurrency transactions.

The market cap of all cryptocurrencies is a trillions of Dollars so there is actually a lot of flow of income. There are many exchanges making a lot of money from people who are making transactions on their platform. There are also individuals making a lot of money on cryptocurrency.

 

[Syldan]

One of the disadvantages of cryptocurrency is that you are open to faced all kind of investment risk that may comes your way. but it's a life lasting investment that it benefit will enjoy all days of trading.

 

[Chibson]

One of the disadvantages of cryptocurrency is that you are open to faced all kind of investment risk that may comes your way. but it's a life lasting investment that it benefit will enjoy all days of trading.

it is true that cryptocurrency is very risky especially when you are transacting with someone because everything can be lost. That's why it is always important to be careful with kind of people you do business with in crypto and also be careful with the kind of platforms you use.

 

[eenya00]

the biggest disadvantage of crypto currency for me would be its volatile nature, you can not be 100% confident when investing your money on crypto currency as you know that the investment is not certain to make you profit anytime soon

 

[Gandiba]

The disadvantage is that it could be easily used to process fraudulent transaction without ever getting traced. This is the main reason why it has to be reviewed.

 

[Bookwormlux]

Cryptocurrencies have got more advantages than disadvantages and it's more important for us to realise that the decentralization of cryptocurrencies make it so interesting.

 

[Good-Person]

I guess that there are many advantages associated with cryptocurrencies and I believe that advantages outweigh the disadvantages. The only disadvantage I can consider is improper usage of cryptocurrencies.

 

[Syldan]

There is always an advantage and disadvantages associated with everything. one of the advantages of cryptocurrency is the profit it provides to you within a short period of time but it's a very risky form of investment.

Cryptocurrency has many advantages as well as disadvantage. Disadvantage is that cryptocurrency has not any specific owner or country as capitals, so it is risk to investment in it, you may loss much in it. Advantage is that cryptocurrency as bitcoin has high rate of other currencies like US dollar, rupee etc. Many people became rich by investment in it.

Well everyone is much aware of some of the disadvantages of cryptocurrency as some may say, it's totally decentralised and to some extent, that's not the problem but it high risk of investment is the problem people are facing.

 

[greenie]

One of the disadvantages of cryptocurrency is that your money can vanish in your wallet due to depreciation in price of the cryptocurrency you are investing in. One advantage about cryptocurrency is that they make it easy for you to transact with other people from far away. I appreciate in value more than the stock and shares within a short period of time.