Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Advantage and disadvantage of cryptocurrency
by
CryptopreneurBrainboss
on 19/02/2023, 17:31:19 UTC
⭐ Merited by KiaKia (1)
From my little experience, knowledge, news and learning cryptosystem has it own advantage and disadvantages, we will be looking at them below:

Advantages of Cryptocurrency;
*it gives you choice
* it gives you money
* it gives you knowledge of trading
* it gives you risks management attitude
* exposure, links you to the world

Disadvantages;
* it can be time consuming
* the losses are irreversible
* it prone to scammers
* its discouraged seeking further career
* it can cause shocks and death

Thankfully your experience isn't advance yet because it would had been shocking that with your advance experience and you're coming up with this poorly structured points of yours.

Yes cryptocurency gives you choice since it offers a different kind of investment opportunity different from the traditional investment vehicles we know but cryptocurrency doesn't automatically gives you money. You have to know how to take advantage of the opportunity here and have the capital before you'll be able to make money from the industry. No the industry doesn't give you knowledge on trading although it could motivate you to learn since trading has been made very easy with the introduction of the cryptocurrency industry. Basically most of your advantages are what been engaged in the industry can motivate you to do.

As for the disadvantage, the industry is even less time consuming compared to other financial markets and I doubt how your involvement in the industry will hinder your educational career instead it could motivate you into picking interest in other careers related to the industry. Everything can cause shock or death so I don't see that as a disadvantage to the industry. Using general disadvantages of life that has nothing to do with the industry directly doesn't qualify to be a disadvantage to the industry.