Hello everyone!!!
I hope so you all are fine and happy
I think in this era, everyone knows about crypto currency, everyone wants to hold crypto and wants to trade with crypto but playing with crypto is not everyone cup of tea. Crypto is just like a fire and few knows how to play with fire only the magicians or some other few people.
Image by Sergei Tokmakov, Esq. https://Terms.Law from Pixabay
Those who knows about crypto currency, who knows how to read charts, how to predict about candle in charts, those will get a good profit while mostly lost their money in cryptocurrency trading. I don't know how to read charts, I'm fool enough that i always bought in bull run and then sell in bear run when i see my money goes lesser and lesser with each day.
Whenever I think to do trading with coins in cryptocurrency, i lost my own fiat too that's too much risky. Because of having not stability in it's price it's too much Rickey to have cryptocurrency in your wallet.
What if world only run with crypto currency???
In my opinion, crypto currency is just like a lottery ticket for all of us, if we get good trading profit then we can become rich within a night but if we get a high loss in cryptocurrency then we'll lost our own money too. It's totally different from fiat, in fiat rich will be more rich and poor will be more poor but in cryptocurrency something depends on luck too.
It's also just like a gambling too, you place trading on some price and when it reaches to that limit your trading order will be fulfilled but if prices can't reach to that price then you've to wait and sometimes you'll cancel your order too.
- In my dictionary, cryptocurrency referred as luck, lottery ticket, gambling, fire which isn't easy to handle.
Benefits of having money as cryptocurrency!!!
Everything is double sided coin, if it has drawbacks then it has benefits too. If I've a large amount in bank in the form of fiat and I need money in urgent basis then I've to go to ATM or bank to withdrawal my money and let's suppose it's holiday or it's weekend and we can't withdrawal money on weekends because on weekends bank have holiday and also we can't take withdrawal after 5pm because it's after working hours in bank and after 5pm all banks are closed.
But if I've a huge amount in cryptocurrency and I have authority to run my accounts then i can take withdrawal on any time as it doesn't need other's authority on time and other things. We can manage our own money as we are the owner of our money and we are everything to perform any kind of action with our money. So having all the money in the crypto currency is profitable too for us.
That's all for today and it's my entry in this week hive learner contest in #hl-exclusive for the topic #hl-156e3.
I have a totally different perspective about cryptocurrency. Indeed there are a little bit of luck but I don't see any similarities it with gambling and lottery ticket.
!PIZZA
my comment is going to be something like that!
It means we think similar in that case.
I agree with you too but yes maybe I'm wrong to understand the logic and basics of cryptocurrency
!PIZZA
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Some countries are already development their own national cryptocurrency, in few years all money will be "virtual" because government do not want rivals 😆
!LOL
Our government doesn't allow crypto currency but still people use it and also some merchants accept crypto currency
Yet...
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I don’t know and I don’t care.
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crypto and fire - quiet an anology
Haha yes 😁
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Crypto is not only a market of trading. Many projects have a huge technology behind. For example Hive, when you buy 1 Hive it means that you are a stakeholder of the project, so you have a power of decision in this technology that doesn't have an owner. This technology is based in blogging. May cryptos are backed in technologies as well, it can be financial or different utilities like security even radios. The gambling idea is a part of our reality which makes crypto adoption just a dream.
!LADY
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Yes, technology is also behind every project or you can say every coin in cryptocurrency, but I love the one thing is that in the world of cryptocurrency we have authority on our own money.
!PIZZA