Eleonora
Wed Mar 27 2024
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6 answers
1656
Is it possible to 10x your money in crypto?
Is it really feasible to multiply my investment in cryptocurrencies by ten? I've heard so many stories about people making overnight fortunes through crypto, but I'm also aware of the risks involved. Can you provide some insight into the chances of achieving such high returns? What strategies or advice would you give to someone considering making a significant investment in this volatile market? I'm not looking for a guarantee, but I'd like to understand the potential upside and downside better before making a decision.
Eleonora
Wed Mar 27 2024
|
6 answers
1281
Why is Bitcoin not as good as money?
I've heard a lot about Bitcoin, but I'm still not sure why it's not as good as regular money. Can you explain?" "I mean, it seems like it has a lot of volatility. One day it's worth a lot, the next day it's worth less. How can people use it as a reliable store of value or medium of exchange?" "Also, I've heard about all these problems with Bitcoin transactions being slow and expensive. How can it possibly replace traditional payment systems that are much faster and cheaper?" "Lastly, I'm worried about the security of Bitcoin. I've heard about people losing their coins because they didn't keep their private keys safe. How can we trust this technology if it's so easy to lose money?" "I'm just curious why, despite all the hype surrounding Bitcoin, it hasn't really taken off as a widely-used form of money. Can you help me understand these issues?
