Having emerged as a perfect digital alternative to traditional exchange methods like cash or credit card, cryptocurrencies have achieved an alternative point of view on financial medium
There are many people who consider cryptocurrencies as a new potential financial alternatives for fraudsters, criminals and terrorists- especially considering their involvement in ransomware scams and, transactions in dark-web. Such impression has created a blockage outlook to new opportunities at times |
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On the other hand, the huge value upsurge in Bitcoin in December 2020 have made cryptocurrencies a viable investment option which -with the positive hype surrounding the blockchain technology that supports it- can have a significant positive impact on the wallets and trading practices of new-aged traders.
It’s true that cryptocurrencies have been around for a relatively shorter time but, they can be more profitable than any other traditional investment options .Well, it’s risky but returns are huge.
Cryptocurrencies by their nature are not subject to the exchange rates, interest rates, transaction charges or other financial levies imposed by a specific country. Using peer to peer process of the blockchain technology, cross border transactions can be conducted using experiencing no challenges. From 2021 ,Cryptocurrency may be a safer alternative to more traditional investment solutions.
When you keep your money at bank, you are already at the mercy of other people and bank. With cryptocurrency investment, your money stays with you only. You don’t have to depend on financial institution for holding or transferring your money.
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