Disadvantages Of Cryptocurrency
DISADVANTAGES OF CRYPTOCURRENCY
Many people are struggling for cryptocurrency right now.
Have you ever wonder the disadvantages of it ?
I guess not i was browsing quora & found very interesting answer about disadvantages of cryptocurrency.
Cryptocurrencies are difficult for people to understand, and the mechanics of key management confuses people which means that many people have purchased cryptocurrencies and left them in the custody of others, only to lose them to insider theft or hackers.
The cryptocurrency space is new, disruptive, and subject to a lot of pump and dump behavior similar to penny stocks.
Because nobody knows what currencies will be adopted at scale, and there is so much uncertainty about what people will use them for, all cryptocurrencies are extremely volatile relative to traditional fiat currencies.
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Great post. I think that is exactly right. The two big hurdles to clear are ease of use and security. And those are huge. Getting them to work together is going to be the biggest challenge going ahead.
@edge-note thanks so glad you like my post stay tuned for more :)
There are no disadvantages of cryptocurrencies
Yeah currently there isn't but what will happn if other countries also ban cryptocurrency like china ?