Repost of: The good the bad and the ugly of the cryptocurrencies

The good the bad and the ugly of the cryptocurrencies

Surely there will be many people soaked on this subject, but there are people who still do not know anything about it, this is just an informative review for those people who want to enter the world of cryptocurrencies.

We go with what I think is the good thing about cryptocurrencies starting from the fact that they are decentralized digital currencies, I mean they have no regulation by any governmental entity therefore can move freely around the world, referring to "move "As free transactions, in addition to being free are direct transactions, this means that you will not have to pay additional charges for each transaction, nor will you be charged extra for the maintenance of any bank account or purse account, every move made is anonymous so your personal information will not be compromised, this does not mean that you can not keep track of it, because each movement is embodied in a free access record and besides everything is a system that will remain active 24/7 365 days of the year, this means that it will not be affected by holidays.

The bad: They are currencies that lack regulatory and backup, this means that there are no guarantees in transactions, a simple example, it is as if you bought a cell phone and did not have any guarantee in case of a breakdown, in addition to all this one of the great against the cryptocurrency is the volatility that exists in each of them, that is based on supply and demand this can be a good or bad point but nothing assures you that investing in cryptocurrencies will be an investment without risks so that you can earn a lot of money in a second or simply lose all your money, and comparing the pros and cons we can say that the use of them would represent a great advantage for consumers in different sectors, it should be noted that this system has not been implemented of payment in many portals.

The ugly: By not present regulations and indications of any kind can mean that you can be counting anectodas of how you became a millionaire with a minimal investment or tormenting you for having lost a lot of money in an instant, my recommendation for new in the world of cryptocurrencies is to study and educate yourself very well the cryptocurrency market as well as being cautious when it comes to investing.