Post
Topic
Board Nigeria (Naija)
Merits 4 from 3 users
Topic OP
What is to be considered in cryptocurrency
by
Prosofina_G
on 09/05/2025, 10:17:36 UTC
⭐ Merited by 1miau (2) ,Hatchy (1) ,CryptopreneurBrainboss (1)
We as newbies is not really easy for us to understand this positive forum of cryptocurrency, but be it as it may be we will continue to read broad in understanding it, believing too well that every positive strongle begin at a step when I see the junior member, senior member, hero member and legendaries I new they all started as newbies because there is no shot cut to this great platform.

So when considering cryptocurrency wether you are thinking of investing using it for transaction or building technology around it there are several important factors to have in mind this factors includes.

VOLATILITY: when talking about volatility in cryptocurrency this simply means unstable price within hours or days making them risky investments.

SECURITY: you have to be really careful and mindful of your wallet and keys, it is very important because once stolen or lost crypto assets are sometimes unrecoverable.

LACK OF REGULATION: while decentralisation is a benefit the lack of regulation also open the door to fraud scams and market manipulation.

SCALABILITY ISSUES: some network like Ethrerum and bitcoin can become slow and expensive during high demand.

LIMITED ACCEPTANCE: despite how growth, most businesses don't accept cryptocurrency as payment.

USABILITY: we the newbies find it so difficult to understand and manage cryptocurrency safely.