Post
Topic
Board Beginners & Help
Re: Advantage and disadvantage of cryptocurrency
by
JoyMarsha
on 20/02/2023, 21:27:08 UTC
Bitcoin in particular has put so many smiles and tears in the faces of so many people, to some is a loss investment, to some a great investment project, to some regrettable moment, to some most serene project.
I believe that the finest investing strategy a person can have is still bitcoin. Only when consumers expect immediate profits from bitcoin and choose to sell below their invested price can bitcoin make people cry. But they will undoubtedly recover their investment loss in bitcoin if they spend their spare funds and are willing to wait, be patient, and believe in the direction of the price.

Advantages of Cryptocurrency;
*it gives you choice
* it gives you money
* it gives you knowledge of trading
*Choice: One benefit of cryptocurrencies is that they allow you the option of taking a risk or not. Whether to invest 100 percent in bitcoin or another cryptocurrency
*Gives money: Using bitcoin, yes. But, it will depend on the altcoin you bought in.
*Gives trading knowledge: I don't believe so. Cryptocurrency does not provide information on trading. It is necessary to study trading from those who have perfected it.

Disadvantages;
* it can be time consuming
* its discouraged seeking further career
*You made up these two disadvantages, but they are untrue. Cryptocurrency cannot be characterized as time-consuming when anything you want to do can be accomplished with a single click, stress-free, and at your convenience.

*How is that possible? Nobody is prevented from being whatever they want to be in life by crypto. You can still engage in cryptocurrency trading while pursuing your professional aspirations.