Post
Topic
Board Beginners & Help
Merits 9 from 5 users
Re: Advantage and disadvantage of cryptocurrency
by
Nheer
on 19/02/2023, 21:45:18 UTC
⭐ Merited by fillippone (2) ,Outhue (2) ,knowngunman (2) ,QueenVera (2) ,Issa56 (1)
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
Most of the advantages here are not convincing enough, how does it gives money? I’d rather you say it generates possible returns. Perhaps you ought to have gone into more detail so that we could understand your point here. It does not impart knowledge you must have knowledge in order to advance in cryptocurrency trading, and you cannot learn the fundamentals of cryptocurrency through your trading experience.

For the disadvantages its not time consuming, every work that involves making money need time and trading crypto does not stop you from your daily activities. To earn money you have to work and dedicate some time no matter the kind of work you are into so it doesn’t necessarily mean you stop doing other activities. I agree the losses are irreversible but I don’t see how it can cause shock and sudden death because anyone going into crypto trading shoud be fully aware of the risks involved and be ready to accept losses.