Why Cryptocurrency is Better Than Cash
Talk about cryptocurrency. When we talk about crypto, we will think about Bitcoin. Is that right?. Did you know that there's thousands more other cryptocurrencies in Crypto's Market!. Did you know that the price of Bitcoin has reached $60k. Are you aware on this?. What are the advantages of Bitcoin or cryptocurrency?. Until the price soared to $60k in this 2022.
The world was shaken by the Covid19 pandemic. Economic conditions around the world are almost paralysed due to pandemic!. Many working people have been laid off, faced retrenchment and start working online or Work From Home (WFH). Our children also have to attend online learning class.
For most restaurant owners, they have to bear the loss and close their premises. Are you aware that most stores accept online payments?. Sooner or later, are we all use cryptocurrency as method of payment?
While we talk about cryptocurrency, many still do not understand it. In fact, they do not know how to buy, use and store their crypto assets. For those who are familiar with the use of cryptocurrency, surely you know that its use has spread all over the world.
Do you know why the price of Bitcoin soared to $60k?. Maybe, because Elon Musk has tweeted on his Twitter.
What is so interesting about Bitcoin?. Even smart people like Elon Musk have already started talking about cryptocurrency. Do you want to miss out?. Did you know apart from Bitcoin, there are still thousands of genuine and legit type of crypto in the crypto market worldwide.
Other than Bitcoin, there are Ethereum, Ripple, EOS, Tezos and DDK. Before you own or buy crypto asset. You need to make due diligence and make sure your crypto assets are legitimate and genuine. If you have cryptocurrency, you need to make sure that you keep your assets safe.
If we talk about cryptocurrency, do you know that cryptocurrency is better than your cash?.
Among the features of cryptocurrency are:
- First, fast as it uses online transactions.
- Second, it is safer because it uses blockchain technology.
- Thridly, it is immutable or cannot be manipulated by nay interested party.
- Fourth, No intermediaries people.
- The fifth is that it is Decentralised, because it uses blockchain technology.
If people used to say 1 Bitcoin worth $3k is expensive. Not to mention now, 1 Bitcoin reaches almost $60k. Still expensive for us, right?. Do you want to wait see without acting?. Maybe 6 months, 9 months or a year from now the Bitcoin price will reach $100k. This is Not a financial advice! What ever it is, do your own research adn read a lot! Trade at your own risk!
In cryptocurrencies, the supply is limited. That is among the reasons prices have increased and support for demand. If you buy crypto, it means you store a limited amount of assets and it's worth it.
Reference: https://youtu.be/LUseUMQ4a6M
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