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Messages - amitcryptoguy

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Cryptocurrency discussions / What is the main purpose of cryptocurrency?

« on: December 03, 2021, 10:45:53 AM »

The primary purpose of cryptocurrency is to overcome the issues with the fiat currencies by decentralizing the finances and putting the power solely in the hands of the currency holders. By doing that the powers that are held by the governments and the financial institutions will be nulled that can solve problems like inflation and agency charges.

Articles about Cryptocurrency / Re: ‘So Many Things Wrong’ With IMF Education Video, Says Crypto Twitter

« on: November 20, 2021, 09:08:55 AM »

Advantages of cryptocurrency -
Investing in crypto assets comes with a number of risks but can also prove to be extremely profitable compared to the other investment options. As lucrative as it may sound, one needs to have thorough research before betting their money on the digital currencies. In the long run, investments in cryptocurrencies promise excellent results. In fact, currencies like WYZth are here to make it better!

Disadvantage of cryptocurrency -
There are some disadvantages from the business perspective that come with the use of cryptocurrency. One cannot discard the possibility of losing their virtual wallet and all the money in it. This is usually the case with non-genuine exchanges. There have also been thefts from websites that allow storing of remote storing of cryptocurrency.

Articles about Cryptocurrency / Re: Top 6 Cryptocurrency Trends That Will Change the Crypto in 2021

« on: November 20, 2021, 05:34:05 AM »

Like the traditional financial system, you can borrow, lend and even invest money on various platform in Defi. Compound, an Ethereum based lending and borrowing Dapp connects the borrowers to the lenders and vice versa as needed. With the Tronlink wallet, one can also lend-borrow their WYZth with Bitcoin, USDT, Litecoin etc.

Sorting Box / Re: The future of cryptocurrency.

« on: November 01, 2021, 01:42:17 AM »

With the peer to peer communication, the investment happens in a comparatively lesser time and cost. Also, the blockchain is coded with the best of cryptographies. This makes it difficult to hack the blockchain. It allows anonymity and security like no other technology. One can invest in cryptocurrencies and reap a number of benefits that come with them. Coins and tokens like WYZth allow not only to invest but to use the money in various other ways for shopping, swapping or farming, etc.