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RE: Steemit Crypto Academy | season 2| week1: How Cryptocurrency has shaped the financial realm by@mjoedavid

in SteemitCryptoAcademy2 years ago

Cryptocurrency is not a safe investment. You can lose money, be scammed or even worse, fall victim to hackers. Some say it’s too volatile and hard to invest in.

I think 🤔 I'm not in agreement with this. If cryptocurrency is not a safe investment people won't put their millions there. The truth is that it is safe just that the values can depreciate or appreciate overnight. Remember, the central banks can crash, also scammers can steal money from the banks through the information provided by the users.

I have seen a scenario where they stole someone's money from the bank, though it was his fault because he gave out the OTP to the scammer. Then guess what the man said how wished he knew he wouldn't have put the money in the bank because the bank is not a safe place to put money.

You see sometimes the bank debit you for no reason, so someone just like that man would say the bank is not a safe place to save money.

Another scenario is I have seen a man who built a house and put tenants there. And we all believe the building of houses is a perfect investment which is right. But one day the house the man built got burned to ashes and he lost his investment.

Cryptocurrency is a safe place for investment because it has turned people from nobody to somebody. All you need is to understand that the value fluctuates and it can be in your favour too sometimes.

I enjoyed your post, you did well friend. Keep steeming. Remember, my option might be wrong.

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