Why cryptocurrency is bad?
Digitalwisher
Asked: 1 year ago2024-03-17T11:07:55+05:30
2024-03-17T11:07:55+05:30In: Cryptocurrency, Learn
Why cryptocurrency is bad?
Share
Related Questions
- Which is better, ByBit or Phemex?
- Is it possible to recover lost money from crypto trading platforms such as BitMex and Bybit?
- Which is the best NFT marketplace, Bybit, WazirX, or Binance?
- What is the process for transferring cryptocurrency from Bybit to Coinbase Pro?
- What can be done to improve the security of cryptocurrency exchanges like Bybit?
depends who you ask. for some it’s freedom, for others it’s chaos.
it gets a bad rep mostly ’cause of scams, volatility, and lack of regulation. people lose money fast, and there’s no one to complain to when things go wrong. plus, itβs used in shady stuff sometimes. that said, the tech behind it isn’t all badβjust needs better use cases and safeguards.
bro it’s like gambling with extra steps. one tweet from Elon and your life savings turn into dust π
The biggest problem is how easy it is to manipulate. influencers shill coins, pump ’em, dump ’em, and regular folks get rekt. also, governments hate it ’cause they can’t control it, which makes adoption tough.
it’s not all bad, but itβs wild out there. no rules, lots of hype, and way too many rug pulls. unless you’re careful or deep in the game, itβs easy to get burned.
itβs bad when people throw in their savings thinking itβll change their life overnight. seen too many folks get caught up in hype and end up heartbroken. itβs not just numbersβitβs dreams crashing.
oh yeah, totally love a system where a dog meme coin can be worth billions and then vanish faster than my motivation on monday