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Is it Wise To Invest in Cryptocurrency?

Cryptocurrency is a good investment as of the moment as more and more people are enticed to invest because of it’s high profitability, if you want to gain direct exposure to the demand for digital currency and the projects or businesses they facilitate.

Whether you like it or not, crypto is practically everywhere and these days and no longer just for day every traders and enthusiasts. In fact, many traditional businesses are integrating cryptocurrency into their platforms in some form, or using it as a means to launch other types of products especially when transactions are done online.

Don’t you ever know that there are certain risks present in the crypto market that are not as prevalent in traditional financial markets, such as those for stocks and bonds. Crypto exchangers have been prone to hacks and other criminal activities as you may think. These security breaches have led to sizable losses for investors who have had their digital currencies stolen.


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Frauds and scams are also rampant in the crypto industry. Ponzi, Hypesters, Fake Investment Websites and Bogus Companies continues to spread with the new one introduces daily who promise investors dazzling returns are typically unable to fulfill their lofty promises since they far too often peddle fool’s gold rather than legitimate blockchain projects. Investors who buy into the hype can suffer brutal losses when these projects eventually fail.

Bitcoin Potential Computing Platform

Bitcoin, for example, is seen by many as an investment akin to gold. Unlike fiat currencies, such as the U.S. dollar and Japanese yen, which can seemingly be printed at the will of politicians, bitcoin has a maximum supply of just under 21 million coins. Many investors thus view bitcoin as a scarce asset that could increase in value as fiat currencies depreciate. Others believe bitcoin could eventually gain extensive use as a digital form of cash, with some going so far as to say it has the potential to become the first truly global currency.

Ethereum, meanwhile, wants to serve as a global computing platform. It serves as a launchpad for decentralized applications, or “dapps,” which are open source and not controlled by a single organization. Ethereum allows the use of smart contracts, which have their terms written directly into code and can be executed automatically. These technologies could disrupt massive industries, such as real estate and banking, and potentially create entirely new markets.


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Bitcoin and The Risks

Investing in Cryptocurrencies has a lot of things to consider even it’s to lucrative returns it gives nowadays but many are abusing this opportunity. All I can say, be cautious and careful in dealing with the new company that are new, make a research and search for reviews, if they fail on reviews think twice before investing your hard earned money.


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Is XRP Really Similar To Bitcoin?

References and resources

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Non-Profit Charitable Organisation: https://bit.ly/38kGf0d
Join with Bitpax: https://bit.ly/3ts1i9i 
Bitcoin Transaction Fees is getting Higher: https://bit.ly/2OjYnjU 
New Coin Emerging: https://bit.ly/3d0cuEH 
Copy Trading No Loss All Wins: https://bit.ly/3uyesBX 
Staking Opportunity: https://bit.ly/3uvPbsc
About Bitpax: https://bit.ly/3d0cuEH 


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