Disadvantages of Cryptocurrency.......

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Avatar for Nawal
Written by
3 years ago

Every thing have advantages as well as also have some disadvantages so cryptocurrency has also many advantages but it has some disadvantages....

But these disadvantages can be ingore from its advantages,,,,

We are going to see some disadvantages of cryptocurrency.......

1 Cyber security issues:

As our currency is in digital form and we can't keep it our pocket or wallet,,, it is always subject to cybersecurity branches and may fall into the hands of hackers.....

2 difficult to understand:

This is digital currency and based on complex blockchain technology and everyone can't understand this.....

Today the experts of this currency who understand this currency can be count on fingers,,,, for understanding this we need to understant many curve of bands...

WiThout fully known it is unsafe to use this........

3 cryptocurrency is Risky to invest......

As its price is volatile some days its price is on the peak and a day later it may go to crises this currency has no fixed value and thats why many people are afraid to invest in this........

These are some disadvantages of cryptocurrency but these all can be overcome through good understanding on cryptocurrency.....

ThankS.....😍

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Avatar for Nawal
Written by
3 years ago

Comments

Good info.....

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3 years ago

Thanks dear

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3 years ago