Should You Invest In Cryptocurrency
In Today's Financial World a Unique Investing Instruments Is Being Very Popular And Trending Called cryptocurrency. In This Blogpost I Would be Telling You The Whole Concept Of cryptocurrencies And Should You Invest Or Not at This time Or They Are Safe. Basically As Its Name Suggests Crypto currency Is Also a Type Of Currency Like Rupee, dollars And Pound. But Difference Between Them Is That This Is Totally Present In Digital Form And Only This Money Can Be Traded Online Whereas Other currencies Are Present In Both Physical And Digital Form. Cryptocurrency is Part Of Blockchain Technology Which Is Basically Used For Online Transactions As Form Of Money Like The Other Currencies Are Used. The Most Popular And One Of The First Crypto Which Became Popular And Is Still Popular Is Bitcoin And After That Ethereum. The Good Things About Of These Currency Is That Motive To Introduce This Was To Decentralize The Currency From One Person Or Government So That It Cannot Be Regulated By One Body And All People Are Equal Part Of This Blockchain Technology But As Time Passed This Contains More Negative Things Than Positive. First It Was Only a Currency And After That It Started To Be Treated As An Investment. So It Contains The More Risk As This Currency Is Not Regulated By Government Or Single Body So It Has Very Fears As All illegal Transaction Are Carried Out By These Currencies And It Can Be Hacked By Anyone Because These Transaction Cannot Be Traced And It Does Not Have Any Intrinsic Value And Global Acceptance Its prices Fluctuates Very Highly And contains volatility. When We Transact Money Form One To Another In Digital Form There Is a Third Party Included To Carry Out These Transactions Called Bank And If Somehow Mistakenly Or By Other Factors Our Money Get Transferred To Other Person It Can Be Received Back but Crypto Is Not Traceable So If Someone Hacked Or Take Away Yours It Has Very Less Chances To Get Back returned. and As An Investors This Is Nearly Impossible To Predict Where The Prices Will Go Tomorrow Or After Some Years So This Is Highly Speculative Too And Growth Cannot Be Predicted So It is Common Sense That If Growth Cannot Be Predicted It Is More Like Gambling And Your All Money Could Be Lost As Volatile Nature Is Biggest Problem With This. But You Could Trade It And Do Trading In It As In Short Term Prices Can Be Predicted. This Is Based On Demand And Supply Basis Whether It Fall Or Rise. In My Opinions Potential Of Future Is Risky And It Is Not Worth investments Like stocks Or shares, Mutual Funds Or Other Assets And Business To Invest And Earn Profit. If You Still Want To Invest You Need To Learn More About This Industry And Know Including risks In It And Alternative Crypto Currencies.
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