Use of Cryptocurrency | 30% payout to @steemingcuration

Hello Steemians,

Hope you guys are doing good in your life. I want to discuss and bring into your knowledge about Crypto currencies. So here we go,

Cryptocurrencies are known to be very secure and offer a level of confidentiality. The transactions they contain cannot be tampered with or canceled and with the very low fees.

Their decentralized nature means that they are accessible to everyone, although they can be difficult to set up and few stores accept them for shopping. Perhaps the thing that needs to be noticed which is the most popular use of cryptocurrency is for speculative investing, with users buying the digital currency with the hope of getting more benefits in the future that their currency will rise in value. Bitcoin's volatile price has resulted in sudden spikes in interest as its value increases.

This has increased professional and amateur speculators who invest in bitcoin and other crypto currencies seeing them either as a quick way to generate returns or as part of an investment portfolio. They are also completely unregulated and some are open to market manipulation. Buying digital coins should be aware that they could lose all of their money, according to UK regulators. Although Bitcoin is decentralized, it is very volatile and is known to move when popular individuals, such as Tesla CEO Elon Musk, mention digital coin names so much. were accused of being completely fraudulent. Others have seen investors spend their money on digital coins just to allow developers to escape with the money themselves.

Disadvantage of crypto currency:

The use of crypto currency which is the practical use of buyers to buy illegal things through Cryptocurrency from Darkweb and black market

because online black markets accept crypto currencies. However buyers of illegal goods can confidentially by goods through digital currency.

Thanks for reading and supporting my diary.

#steemingzen #steemexclusive #steemit #cryptocurrency #pakistan