A detailed discussion on all the advantages and disadvantages of crypto currency.

^{Hello everyone I am @shahariar1 mod of Steem of Animals Community.I am From #Bangladesh}

Cryptocurrencies are becoming increasingly popular for investment or trading. But how harmful is it for the environment? With this, let's find out what you need to know before investing in crypto currency through today's interesting content.

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Crypto currency are spreading around the world. According to the World Bank, 100 to 200 million people have either used crypto or invested in it Among these are developing economies with markets that have a lot of potential. Many users find it more convenient to do financial transactions through crypto currency instead of going to the bank. But there are plenty of arguments for and against investing in crypto currencies.

The biggest strength of cryptocurrencies, whether BitCoin, DosCoin or Ethereum, is their core design features.

Security first.: Cryptocurrencies are generally based on blockchain technology. It works like a digital people book. Its transactions are stored in blockchain. And every step is recorded. Suppose criminals try to withdraw money. Then it's going to leave some marks that can be easily picked up. This transparency is what makes block chain technology secure.

Second Advantage No Currency Status: Cryptocurrencies are independent of national currencies. So they are not affected by memory in national currency. Rather, their price is determined by popularity and demand. The number of usable units of each currency is limited.

Third Advantage High Profitability: There are more than ten different types of crypto currencies in the market. New currencies in particular tend to appreciate rapidly initially. Because their price depends on supply and demand. If a new currency is marketed well. And it can create impact in the market by attracting a lot of buyers.

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First Disadvantage Potential Losses : This uncertainty can lead to the downfall of cryptocurrencies. A quick gain always leads to a quick loss. Many currencies make very quick transitory gains. But then people forget it again very quickly.

Second Disadvantage Cyber ​​Security: In most cases the only way to access your crypto wallet is your password. If you lose your password, you will lose all the assets in your wallet. Like any digital password, it's risky. Remember that hackers are out there to steal your wallet's assets. Be very careful about saving your password.

Third Disadvantage Ambiguity : Investing without understanding how anything works is always fraught with risk. It would be wise to take plenty of time to understand the matter before making any major decisions. A major problem is that cryptocurrency mining has a significant impact on the environment.

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So guys don't forget to let me know how you like my detailed discussion about crypto currency and its disadvantages. I am ending today's content here wishing everyone good health.

Hope you like my content. Wishing everyone good health, I am ending my content here today. See you again in a new content.

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