I would like to start with the advantages of investing in cryptocurrency, because it is really profitable
I would like to start with the advantages of investing in cryptocurrency, because it is really profitable:
- Bitcoin has been showing stable growth against other currencies for a long time.
- Users have a special trust in bitcoin. Other cryptocurrencies are not in such demand. After any fall, bitcoin is sure to go up. In addition, it has a high capitalization, which further strengthens the position of the currency.
- Bitcoin has already been scaled, and the subsequent branching into a new currency will attract even more users.
- Bitcoin’s liquidity is higher than other cryptocurrencies. The possibilities of using it for buying and selling are also vast.
- Investing in cryptocurrency is a must now, as bitcoin and other digital money are currently exempt from government pressure. There are no additional fees for holding coins, as with deposits or bank accounts. Pros of most cryptocurrencies: anonymity, decentralized.
In addition to the positive factors of investing, it is worth mentioning the disadvantages:
- Significant decrease in the transaction speed for more than a year has been alarming users. According to experts, the situation can only change for the worse, but scaling up the network may solve the problem.
- Some states have prohibitive policies. Excessive control will also lead to the aggravation of the situation, the loss of confidence among users.
- The growth of the rate may be replaced by a sharp “collapse”, which further increases the risks of investing.
