Disadvantages of Using Cryptocurrencies
In the previous articles, we have read about the meteoric rise of cryptocurrencies. We know that investments in these currencies have provided unprecedented returns. Many experts are attributing it to the number of advantages that cryptocurrencies have to offer. However, it needs to be understood that cryptocurrencies are still a nascent technology. Hence, there are still many significant disadvantages to investing in cryptocurrencies. In this article, we will provide an overview of the various disadvantages. It needs to be understood that each of these disadvantages needs to be explained insignificant detail which will be done later in the module. This article is just providing a checklist that can be used for ready reference.
The bottom line is that cryptocurrencies markets may have become popular because of the boom in asset prices. However, they have still not become mainstream. Hence, from the point of view of a retail investor, there are still a wide variety of risks that have not been mitigated at the systemic level.
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