5 Problems of Investing in Cryptocurrencie

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5 Problems of Investing in Cryptocurrencie

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Intangible and Unauthorized

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Intangible and Unauthorized

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Lack of stabilizing force

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It is a contender of the national currencie

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It is a contender of the national currencie

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Investing in Cryptocurrency is not the same as investing in Blockchain Technology

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growth of the technology by investing in Bitcoin and other such Cryptocurrencies.

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Conclusion

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5 Problems of Investing in Cryptocurrencie

It is only around 2017 that the knowledge of Cryptocurrencies reached far and wide with Bitcoin reaching its highest value.

5 Problems of Investing in Cryptocurrencie

It was often discarded as a scam. In 2011, when Bitcoin, the first Cryptocurrency was introduced in the market by an anonymous Satoshi Nakamoto

Intangible and Unauthorized

Why it took a lot of time for Bitcoin to gain confidence among investors is the simple reason that it is intangible.

Intangible and Unauthorized

On top of its intangible nature is the added disadvantage that it is not authorized by the central governing power.

Lack of stabilizing force

The lack of Governmental support behind Cryptocurrencies leaves them in a vulnerable state.

It is a contender of the national currencie

Cryptocurrency emerged in the market as an alternative to national currencies. The aim was to eradicate income disparity.

It is a contender of the national currencie

Even though the disparity still remains, Cryptocurrencies have really made a mark in the market. This mark however, seems transient.

Investing in Cryptocurrency is not the same as investing in Blockchain Technology

Some people are so in awe of the Blockchain Technology and its revolutionary benefits

growth of the technology by investing in Bitcoin and other such Cryptocurrencies.

Once they start realizing that, there will be many withdrawals.

Conclusion

The value of Cryptocurrencies fluctuates based on the number of investors. The number of investors follows a steep graph due to the...