Creative writing by @bosfull : Crypto talks and it's advantages/disadvantages

in Steem Cameroon3 years ago

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Hello everyone in here good evening. Hope all of you guys had a spendid day as always. Today my topic will be on cryptocurrency.

WHAT CRYPTOCURRENCY IS ABOUT.

A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as medium of exchange through a computer network that is not reliant on control authority such as a government or bank, to uphold or maintain it.

The MAIN PURPOSE OF CRYPTO-CURRENCY:
From my point of view cryptocurrencies are digital or virtual currencies underpinnined by cryptographic systems They enable secure online payment without the use of third-party intermediaries.

CRYPTOCURRENCY AS A GOOD INVESTMENTCRYPTOCURRENCY:

Maybe a good investment if you are willing to accept it's a high risk gamble which could pay off-but also that there is a strong chance you could lose all your money.it is important before investing in Bitcoin or other cryptocurrencies that you go in with your eyes open.

*HOW PEOPLE ACTUALLY MAKE MONEY FROM CRYPTOCURRENCIES:

Power trader use " staking and yield farming" to generate passive income, but there are risk.You Saw the many cryptocurrency related super Bocolads ,and maybe you found them weird or deeply dystopian, or just disturbingly familiar. Nevertheless, perhaps you believe the block chain has financial reward s left to reap and want to jump in , or you have already got some of your money tied up in cryptocurrency via companies like Coinbase and FTX that we're advertising during the biggame keeping track of the ups and downs of Bitcoin,Cthereum and other crypto cions and actively trading on those fluctuations can be actuall - time job.day-trading, basically.and jumping in to NFTs, the digital baubles you can mint buy or sell,is still counting for many.

For many crypto trader who are in it for medium to long haul, there are some other ways to make money on cryptocurrency that is just sitting in your crypto wallet staking and yield farming on Defi.

ADVANTAGES OF CRYPTOCURRENCY.

Easy transitions, incredible security, short settlement Time and low fees, exponential industry growth.outized returns, portfolio diversification. Cheaper and faster money transfer and decentralized system that don't collapse at a single point of failure.

DISADVANTAGES OF CRYPTOCURRENCY.
With cryptocurrucies include their prices volatility , high energy consumption for mining activities and use in ciminal activities.

Thank you so much for going through my post on crypto I hope to produce more in the later days ahead.
CC
@ngamd
@b-naj

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 3 years ago 

I love this writing very educative

 3 years ago (edited)

Hello @bosfull,

Your post has been curated by Steem Cameroon curation account

Welcome to steem Cameroon

Follow this link to get knowledge on how to become a full time steem Cameroon member
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Keep creating quality content and be consistent so as to continue earning rewards.

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