Advantages Of Crypto, Disadvantages of Crypto

fadil46

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Quote from: noah tall on November 04, 2021, 09:39:33 AM

You can get advantage from crypto currency market when you know about the crypto wallets security. And when you lean about the marketing and also about the signle and season of crypto.
Its can make you financialy strong. It is very easy to buy and purchase. You can easily send crypto abroad.

Buying is easy, but after buying it also needs a way to monitor it and maintain it properly, because playing with money that can be converted into any form in cryptocurrency is a job that is always close to risk and that must be understood by everyone.

Hobo66

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Almost every individual are engage in cryptocurrency. It provides easy and secure way of payment. It can be readily and rapidly accessible by every individual wherever in the world. But one of the disadvantage of cryptocurrency is that it is very fluctuating. No one has surety about the loss and gain in cryptocurrency. it is extremely volatile.

noah tall

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You can get advantage from crypto currency market when you know about the crypto wallets security. And when you lean about the marketing and also about the signle and season of crypto.
Its can make you financialy strong. It is very easy to buy and purchase. You can easily send crypto abroad.

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Quote from: Coin BTC on October 16, 2021, 05:23:31 PM

Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

1. Scalability is not an issue with most altcoins as they have quicker blocks and higher blocksize.
2. Security of your crypto is up to you. Simply a strong password will protect you everywhere.
3. Being volatile should be considered as an advantage rather than considering as a disadvantage as all traders and investors love it. You need to be skilled to fish here.
4. Inheriting your cryptos to your decedents if your basic responsibility. Same as any other digital things.
5. Regulation is something we must expect. Still cryptos are created for privacy and freedom. So, we need to build a system to regulate ourselves in way the true concepts of cryptos will not be disturbed.

Quote from: Coin BTC on October 16, 2021, 05:23:31 PM

Fast and Inexpensive

All electronic payment systems are faster.
Being inexpensive is something we must consider as a biggest advantage of cryptos. But, due to scalability issues we have issues on this advantages and I guess it will be resolved as early as possible.

Quote from: Coin BTC on October 16, 2021, 05:23:31 PM

Decentralized issuance, Lower fraud risks and Transparency...

These are unique advantages of cryptocurrencies that we could enjoy and we need to remember these are beyond imagination for a financial system till bitcoin arrived. So, overall cryptos are having more advantages than disadvantages.

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Quote from: whiteblue on November 04, 2021, 12:27:28 AM

Quote from: kensaii on October 19, 2021, 02:02:54 PM

I think the biggest disadvantages of crypto and the main obstacle for it to become mainstream is how unstable and price volatility it is. Many other disadvantages can be addressed and resolved but this one is kind of dilemma since because of this, many people also become attracted to crypto.

The volatility of cryptocurrencies can also be a very good key in terms of exploiting profits although the potential for losses is still there and also very close, but for those who dare to act and understand how to run it, then it is a good opportunity to try it.

I agree on you. Volatility will always be an issue when it comes to crypto adoption. The citizens will certainly be confused on the amount of crypto as it has no fixed value, and is prone to changes once price fluctuations happen. However, if its a barrier for crypto adoption, well it is an asset for crypto to have price volatility and decentralized nature that makes people to stay more in crypto. With price volatility, there's always a chance for all investors to get rich quick once the new ATH for a certain coin is achieved.

adamantasaurus

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most definitely these fckn eth fees I don't even wanna say how much money I paid in fees in just the last 6 months its completely ridiculous and unsustainable. They need to get this shit fixed asap vitalik needs to get off his ass and do something about these fees. but other than that unless youre completely unaware of the risks in crypto there is only good things about it.

Your keys your money nobody can take it from you completely decentralized etc. etc.

whiteblue

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Quote from: kensaii on October 19, 2021, 02:02:54 PM

I think the biggest disadvantages of crypto and the main obstacle for it to become mainstream is how unstable and price volatility it is. Many other disadvantages can be addressed and resolved but this one is kind of dilemma since because of this, many people also become attracted to crypto.

The volatility of cryptocurrencies can also be a very good key in terms of exploiting profits although the potential for losses is still there and also very close, but for those who dare to act and understand how to run it, then it is a good opportunity to try it.

kensaii

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I think the biggest disadvantages of crypto and the main obstacle for it to become mainstream is how unstable and price volatility it is. Many other disadvantages can be addressed and resolved but this one is kind of dilemma since because of this, many people also become attracted to crypto.

indah rezqi

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Quote from: Coin BTC on October 16, 2021, 05:23:31 PM

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Cybersecurity level?
The advantages of cryptocurrencies can cover the disadvantages of cryptocurrencies as you mean in this topic. Just imagine one of the advantages of the crypto you mentioned, namely speed. Process speed like that is what many people want in real financial transaction activities and there is one more thing that is the level of transparency.
I don't understand what cybersecurity problem you mean. Can you explain.

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Quote from: TWW on October 17, 2021, 11:04:42 AM

Quote from: ?? on ??

Quote from: aylabadia05 on October 17, 2021, 06:33:49 AM

Cryptocurrencies are highly transparent and the risk of fraud is low. What do you think can prove that cybersecurity issues can harm cryptocurrencies?
In fact, there are so many advantages of cryptocurrencies that can cover the existing shortcomings and you are one of the people who believe what I say.

Cryptocurrencies do have things that are very transparent, but you also need to realize that in cryptocurrencies there are also very many useless new things which are made by scammers whose purpose is only to deceive many people who are already in cryptocurrency.

These are just a few examples of people using crypto for their benefit in a negative way.
on the plus side, scammers also know how the crypto market and industry are very productive. and it is increasing rapidly. Everyone, good or bad, will come when they see an opportunity. they get advantages and benefits in their way.

We can't say negative yet if it's true what they do as you mention. For me it's part of their strategy to make a profit and I also think if that's true it's seeing opportunities. But what we need to clarify here is how cybersecurity can harm cryptocurrencies.

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Quote from: Coin BTC on October 16, 2021, 05:23:31 PM

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Scalability? There are lots of good coins that are very scalable. It's an issue for some coins and solutions do exists. Cybersecurity? Crypto currencies are very secure. Now its up to you how to handle and store them. If you get lousy, you will lose your coins. That's your an issue with you, not crypto currencies. Afraid of price volatility? Use stable coins. And how is regulation a disadvantage of crypto currencies?

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Quote from: ?? on ??

It's very precise and it has become a challenge for cryptocurrencies basically and for people who are in cryptocurrency in general, so I don't think it needs to be thought about anymore at this time because there have been examples of similar ones in the past.

Unfortunately there is a good chance that anything China does will be a news and it will cause a drop in the long run as well. It will be a short term drop but it will happen in the long term as well. It will happen at least a few more times and people will care about for a while as well and that is not going to change.

This is not really limited to china neither, any bad news will be seen as a bad FUD and it will have a problem in the crypto. This is why we need to learn how to ignore them if we would like to make a profit like the whales but we are not going to see too many people doing that and this is going to be the difference between us and the ones who lose money.

bitzizzix

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The first drawback or weakness of crypto is that it has the potential to violate the law, and this is due to regulations in several countries that prohibit the existence of crypto.
and also the high volatility that has become a part of crypto, and besides that it is still vulnerable to high-risk fraud and losses.
and the advantages of crypto are good and promising investments as well as easy access and very fast and transparent transactions, as well as the freedom to use them and so on.
Regardless of the advantages and disadvantages of cryptocurrencies, the assessment and decision remains in the hands of the individual and requires knowledge, understanding and also wisdom in weighing and deciding the cryptocurrency exposure in your investment portfolio, but over time after learning and understanding everything from experience and losses are less likely to occur.

Teknisi88

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Every investment instrument certainly has advantages and disadvantages. For this reason it is very important for you to find out the advantages and disadvantages of the investment instrument that you will choose as a consideration and see if the investment instrument is suitable or not for you.

mdzahed134

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I'm not clear what do you mean regarding Cybersecurity in crypto. I see a lot of advantages instead of only one or two disadvantages. First of all, it’s a decentralized so no one can interfere with your money even the government. Huge possibility to rich an overnight. Within a few second you can make transfer/receive money from anywhere.

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Quote from: Coin BTC on October 16, 2021, 05:23:31 PM

What are the disadvantages of cryptocurrencies.
Regulations.

Sometimes regulation gives more advantages than disadvantages, so as for me, it should be on the advantage side.

We all know that crypto should promote anonymity as it's decentralized, opposite to what our government is doing, but we cannot neglect the fact that no matter what happens, we need their support in order to grow its adoption, and that support is called regulation.

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Quote from: Coin BTC on October 16, 2021, 05:23:31 PM

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Scalability really seems to be the problem of a lot of the old and established crypto projects at the moment. I sent a BTC transaction a little while ago and it took more than a day to finally get through even though i used the recommended transaction fee. That is just way to long if you want to use BTC as a payment, but BTC is more of a investment like gold anyways nowadays. The same is also true for Ethereum though and that is really bad, as a lot of projects are based on Ethereum because of the smart contract functionality and it really hurts, if you have to pay 30$ to send some tokens or even more if you want to make a trade on uniswap.

hannahB4

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I have heard of many Crypto crime but is not has a result of any feature from Crypto it is has a result from its users. For me is an easy way of investment in this digital age and time

Rana590

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Quote from: Coin BTC on October 16, 2021, 05:23:31 PM

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Police issues don't exist where crypto is acceptable as a legal currency. Besides crypto haven't enough regulations. If we think about advantages and disadvantages, we'll be able to find out more advantages than disadvantages. We should use crypto for daily use to increase the field of crypto.

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Quote from: Al Qiyamah on October 17, 2021, 05:06:01 AM

The advantage of cryptocurrencies is that there is no third party controlling our money in the crypto world, we can do what we want with our money without having to involve a third party. but that is also what can be one of the drawbacks of cryptocurrencies, when we lose our money in the crypto world, there is no party we can demand to get our money back.

Transaction of my coins anonymously without any any third particularly P2P transactions is an important advantage of cryptocurrencies, though in some instance the bank might transfer the fiat of the buyer to the seller of the coin after escrew has confirmed the transactions, I just like this type of deals, more so I prefers hodling my coin in my wallet as a store of value rather than to save it in the bank as fiat, though hacking of wallet and exchanges is rampant in cryptocurrencies system which is a big disadvantage however with a proper security such a challenge can be surmounted.

Topic: Advantages Of Crypto, Disadvantages of Crypto (Read 312 times)