Danger for altcoins
Digital currency coins are encrypted to keep them secure—but there's a potential drawback there. This coding identifies the currency itself, but not its owner. Whoever holds the coin's encryption code becomes its owner, and there's nothing in the coin's coding that says it belongs specifically to you—or to anyone else. This built-in anonymity feature means when a coin is stolen, it's gone—and you have little to no recourse in getting it back.
As I write this, Bitcoin’s market cap is over a quarter of a trillion dollars. That doesn’t mean, however, that there’s a bucket with that much cash in it under a rainbow somewhere, ready to be divvied up amongst all the lucky leprechaun-seekers holding Bitcoin.
In reality, when the bubble is about to pop and everyone seeks to cash in, the total amount to be divvied up can never be more than the amount people invested in Bitcoin over time – and that number is far, far smaller than its current market cap.
This post is referred to
https://www.coinpursuit.com/pages/risks-of-buying-selling-bitcoin-litecoin-currency/
This link
Hello ravisinghmar! Welcome to Steemit! Hope you'll like the community here. As a start, here are 5 tips that we believe will be helpful to you:
For a detailed writeup, check our post Getting Started: 5 Essential Tips for New Users.
Good luck on your Steem journey! Follow us if you like to receive more helpful tips and maximize your Steemit experience.
Welcome to Steem, @ravisinghmar!
I am a bot coded by the SteemPlus team to help you make the best of your experience on the Steem Blockchain!
SteemPlus is a Chrome, Opera and Firefox extension that adds tons of features on Steemit.
It helps you see the real value of your account, who mentionned you, the value of the votes received, a filtered and sorted feed and much more! All of this in a fast and secure way.
To see why 2981 Steemians use SteemPlus, install our extension, read the documentation or the latest release : SteemPlus 2.17.6 : Tips on Busy and bug fixes.
Thankyou