Cryptocurrency is a scam . All of it, full stop — not just the latest pump-and-dump “shitcoin” schemes, in which fraudsters hype a little-known cryptocurrency before dumping it in unison, or “rug pulls,” in which a new cryptocurrency’s developers abandon the project and run off with investor funds.
Read moreWhat is the point of cryptocurrency?
The main point of cryptocurrency is to fix the problems of traditional currencies by putting the power and responsibility in the currency holders’ hands . All of the cryptocurrencies adhere to the 5 properties and 3 functions of money. They each also attempt to solve one or more real-world problems.
Read moreHow do you make money with cryptocurrency?
Based on these three mechanisms, here are the six strategies for making money with cryptocurrency:
Read moreIs Bitcoin a good investment?
The high liquidity associated with bitcoin makes it a great investment vessel if you’re looking for short-term profit . Digital currencies may also be a long-term investment due to their high market demand. Lower inflation risk.
Read moreCan I lose money in Bitcoin?
Can you lose all your money in bitcoin? Yes you certainly can . Crypto is very risky and not like conventional investing in the stock market.14 Mar 2022
Read moreWhat are the risks of buying Bitcoin?
Risks of Using Virtual Currency
Read more