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RE: It's bitter but truth is truth. Cryptos can never replace fiats.

in Project HOPE2 years ago

Thank you for sharing your thoughts on the future of the cryptocurrency market. It is important to consider the challenges and limitations of cryptocurrencies, as well as the potential risks and benefits of investing in them. While it is true that cryptocurrencies can be highly volatile and subject to fraud and manipulation, it is also true that they have the potential to offer greater financial freedom and decentralization.

It is important to recognize that cryptocurrencies are still a relatively new and evolving technology, and it is not yet clear what the long-term future holds for them. Some experts believe that cryptocurrencies have the potential to become a major force in the global financial system, while others are more skeptical. Ultimately, the success or failure of cryptocurrencies will depend on how well they are able to address the challenges and limitations you have mentioned, as well as the extent to which they are able to gain widespread adoption and trust among users.

Regardless of the ultimate fate of cryptocurrencies, it is always wise to diversify one's investments and not to put all of one's savings into any single asset. As you have noted, this is especially true for relatively new and untested technologies like cryptocurrencies, which carry a higher level of risk.

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Thank you so much dear @artist1111 for sharing your thoughts. I think government won't allow it to survive a they are afraid of it and cryptos are also subject to lots of vulnerabilities.

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