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| Assalam O Alaikum! |
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"Contest !! ||Cryptocurrency investment|| ".
Cryptocurrency investment
Cryptocurrency is buying digital assets with the hope of making more money later on, for example Bitcoin, Ethereum or other altcoins. It is same to purchasing stocks, except the asset is a digital currency. In this we anticipate that the cryptocurrency we purchase will appreciate in value over time. It enabling us to sell it for more money.
Have you ever invested in cryptocurrency before? |
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Yes, I have invested in cryptocurrency. But my experience was bad. Few months age a app which is is ice, I install In my mobile and start to mining. After two months It have been listed on OKX trading app. Some ice coins I received from ice app and some are I purchased from my friend. I was hopeful to the price of ice will be increased. But I was wrong the price of ice is decreasing continuously. Now I am worried about it.
Freepik
My second experience was that, I purchase Ethereum coin and I sold it in with reasonable profit. I means to sat that my second experience was good.
What kind of cryptocurrencies are you interested in investing in? |
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I am very fond of cryptocurrency, I want to make profit by this but I am not expert in this. I have interest in Binance Coin (BNB), Ethereum (ETH), and Bitcoin (BTC).I check previous history of coins. I took part in all contest about cryptocurrency. I want to know every thing about cryptocurrency. I have also knowledge about Athene token, ice coin, Shiba, Steem and trx. Bitcoin is the king of altcions in cryptocurrency. It became very popular in no time in the whole world. People are taking interest due to increasing rate of it day by day.
How much do you know about the risks and potential rewards of cryptocurrency investments? |
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Potential of cryptocurrency investment
- Cryptocurrency investment give high returns. Cryptocurrencies have demonstrated the ability to generate substantial profit in a low amount of time.
- Another potential of cryptocurrency investment is decentralization. It run on decentralized networks, which can provide us more freedom and control over our assets.
- Innovation is a good benefit of cryptocurrency investment. Purchasing cryptocurrency entitles you to back and take part in cutting-edge technological advancements.
- We can potentially lower overall risk by diversifying our holdings by include cryptocurrencies in our investing portfolio.
Freepik
Risks of cryptocurrency investment
- The prices of cryptocurrencies are involve to large swings due to the ups and downs of these markets. There is a fear of losses.
- The legality and viability of some investments may be impacted by the fast changing and significantly varying regulatory environments for cryptocurrencies around the world.
- There is ver security risks in cryptocurrency investment. Cryptocurrency is digital assets, it has a lot of security issues for example fraud, theft and hacking.
- In cryptocurrency investment, there is deficiency of regulation. It make in the cryptocurrency investment space, can result in dishonest business activities.
I love to invite to my dear friend
@shiftitamanna
@writer123
@hudamalik
for taking part in this contest.
| Thanks! for being with me |
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Special thanks |
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Best Regards |
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Thank you, friend!
I'm @steem.history, who is steem witness.
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Upvoted! Thank you for supporting witness @jswit.
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Thanks dear for mentioning me. Inn sha Allah i will try to participate.😊
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Including cryptocurrencies in an investment portfolio can help lower overall risk through diversification. However, the high volatility of cryptocurrency markets can lead to significant price swings and potential losses. The rapidly changing regulatory environment globally can impact the legality and viability of investments. Security risks such as fraud, theft, and hacking are prevalent in the digital asset space. Lack of regulation in cryptocurrency investment can also lead to dishonest practices. I have learned a lot today, good luck @safdarali.
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Your cryptocurrency investment journey doesn't sound bad. Talking of Ice coin, you didn't invest in it, you accumulated it through everyday mining. I also did that and i made about $40 from it. There's something we need to know about this mining of a thing.
When a mining projects is distributed into our wallet like ice did, we shouldn't expect the price to keep going higher because everybody will want to sell and take their Money out. When this happens the price value of that token will drop.
I'm happy you recover your losses through your ETH coin investment.
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