For those who are reading this page, this is 100% my opinion, and you guys are very welcome to have others' opinions. Please invest wisely.
Pro's
Maybe those who believe in cryptocurrency know that crypto may be the future of transactions. Some of my relatives believe that cryptocurrency can be one of many options to diversify your portfolio.
From EFG International, it says that crypto has several advantages:
Potential for high returns
Potential diversification
Limited supply
Protection from debased currencies and the threat of rising inflation
Growing acceptance and usage
Con's
I heard that crypto has no underlying assets meaning that we can't calculate its fair price. When we buy something without underlying assets and an estimated reasonable price, basically, our reason to estimate crypto's prices are rising up is based on speculation and hope.
Speculation and hope are dangerous for investment.
From EFG International, it says that crypto has several disadvantages:
High Volatility and potential for large losses
Correlations
Endless potential supply
Poor Store of value and limited acceptance
Unregulated and unbacked
Conclusions
It will be back to you guys to decide. I haven't bought any cryptocurrency, but I'm willing to learn more about crypto. It shows enormous potential in extremely high demand. Still, at the same time, it shows colossal downfall by zero underlying assets. Therefore we all have to learn our investment way and control our own portfolio.
If you find this page inspires or helps you, please consider sharing it with your friends and family. Maybe this can helps them too. You can also support me by shopping at my store.
Comments