Advantages Of Crypto, Disadvantages of Crypto

[glendall]

for me a good advantage offered by cryptocurrency is as anonymous in cryptocurrency I can store funds in cryptocurrency and no one knows only me knows.  (this is just one of the advantages that crypto gives me personally and many more )
drawbacks , i guess lack of shops or payments that accept crypto money ,
For cybersecurity issues: I don't think so, because if we are vigilant and careful we will definitely not be caught in this case

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[TWW]

Cryptocurrencies are highly transparent and the risk of fraud is low. What do you think can prove that cybersecurity issues can harm cryptocurrencies?
In fact, there are so many advantages of cryptocurrencies that can cover the existing shortcomings and you are one of the people who believe what I say.

Cryptocurrencies do have things that are very transparent, but you also need to realize that in cryptocurrencies there are also very many useless new things which are made by scammers whose purpose is only to deceive many people who are already in cryptocurrency.

These are just a few examples of people using crypto for their benefit in a negative way.
on the plus side, scammers also know how the crypto market and industry are very productive. and it is increasing rapidly. Everyone, good or bad, will come when they see an opportunity. they get advantages and benefits in their way.

[kidbounty]

Cybersecurity issues

What kind of "issues"? Most of the "hacks" are due to the BTC owners' fault. Sending hoping to get 2x your money from Elon Musk, downloading crap off the web, opening unsafe executables, PDFs etc.

yes you are right most of the security issues are caused by the users themselves. for blockchain, I think it's very good. This technology is very secure and transparent. so I think cyber security issues are not a drawback for crypto. the only weakness of crypto for me is its volatility. if the price movement of crypto is calm enough like gold. maybe this will be perfect.

[Luffygroove]

I think what's unique from Bitcoin is the advantage might be its own disadvantage and vice versa. If we see from a different perspective we'll see different things from Bitcoin.

For example, it's price volatility. Do you think people are still interested in cryptocurrency if it's not that volatile?. This volatility enables people to gain maximum profit from the trading, things that other commodities don't have. On the other sides, like you said it can be a disadvantage cause we can't actually really keep it in peace because today the price can come up but 5 minutes later it goes down. People can be a winner, but other people could be the losers.

[lumierre]

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Initially, crypto was created to bypass intermediates such as banks and other payment system, so actually, we can transfer any sums of money to anybody and nobody can ban our transaction. What is more, we don't have to trust a bank if we want to store our money as all money are in safety if you have cold wallet and don't share your private keys. So the main advantages are the safety and freedom.

[CrossroadBTC]

The hack part isn't crypto disadvantage but the users/owners faults, I've never heard about BTC getting compromised by hackers or any kind, I've only heard about stolen private keys either through mail scam or phishing which clearly is users fault

[Devifajarina]

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

This is complete, but there are many things that make cryptocurrencies lose because of our greed and negligence, without considering the risks that will arise, so that we cannot solve the problem, while the advantages of cryptocurrencies are quite a lot of ways that we can do, starting from investing, trading or trading. join the bounty program. But don't forget, there are rules we have to follow from many things you mentioned, otherwise big problems will arise?

[Coin BTC]

About regulatory pressures are nothing new to the crypto market. Some analysts continue to monitor the China government's crackdown, which usually occurs when the crypto market is volatile. Earlier in May, China banned financial institutions and payment companies from providing services and transactions using cryptocurrencies. China also issued similar bans in 2013 and 2017.

[Doell]

advantages or disadvantages depends on the coin or its product ,crypto coin are not one but a lot and the most advantages so far is bitcoin safe fast low cost freedom ,other coins need 6 up to 50 confirmations so they can be used besides that sometimes are fee expensive ,the most common of all crypto is high security

[gabbie2010]

The advantage of cryptocurrencies is that there is no third party controlling our money in the crypto world, we can do what we want with our money without having to involve a third party. but that is also what can be one of the drawbacks of cryptocurrencies, when we lose our money in the crypto world, there is no party we can demand to get our money back.

Transaction of my coins anonymously without any any  third particularly P2P transactions is an important advantage of cryptocurrencies, though in some instance the bank might transfer the fiat of the buyer to the seller of the coin after escrew has confirmed the transactions, I just like this type of deals, more so I prefers hodling my coin in my wallet as a store of value rather than to save it in the bank as fiat, though hacking of wallet and exchanges is rampant in cryptocurrencies system which is a big disadvantage however with a proper security such a challenge can be surmounted.

[Rana590]

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Police issues don't exist where crypto is acceptable as a legal currency. Besides crypto haven't enough regulations. If we think about advantages and disadvantages, we'll be able to find out more advantages than disadvantages. We should use crypto for daily use to increase the field of crypto.

[hannahB4]

I have heard of many Crypto crime but is not has a result of any feature from Crypto it is has a result from its users. For me is an easy way of investment in this digital age and time

[Jackl87]

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Scalability really seems to be the problem of a lot of the old and established crypto projects at the moment. I sent a BTC transaction a little while ago and it took more than a day to finally get through even though i used the recommended transaction fee. That is just way to long if you want to use BTC as a payment, but BTC is more of a investment like gold anyways nowadays. The same is also true for Ethereum though and that is really bad, as a lot of projects are based on Ethereum because of the smart contract functionality and it really hurts, if you have to pay 30$ to send some tokens or even more if you want to make a trade on uniswap.

[Ziskinberg]

What are the disadvantages of cryptocurrencies.
<snip>Regulations.

Sometimes regulation gives more advantages than disadvantages, so as for me, it should be on the advantage side.

We all know that crypto should promote anonymity as it's decentralized, opposite to what our government is doing, but we cannot neglect the fact that no matter what happens, we need their support in order to grow its adoption, and that support is called regulation.

[mdzahed134]

I'm not clear what do you mean regarding Cybersecurity in crypto. I see a lot of advantages instead of only one or two disadvantages. First of all, it’s a decentralized so no one can interfere with your money even the government. Huge possibility to rich an overnight. Within a few second you can make transfer/receive money from anywhere.

[Teknisi88]

Every investment instrument certainly has advantages and disadvantages. For this reason it is very important for you to find out the advantages and disadvantages of the investment instrument that you will choose as a consideration and see if the investment instrument is suitable or not for you.

[bitzizzix]

The first drawback or weakness of crypto is that it has the potential to violate the law, and this is due to regulations in several countries that prohibit the existence of crypto.
and also the high volatility that has become a part of crypto, and besides that it is still vulnerable to high-risk fraud and losses.
and the advantages of crypto are good and promising investments as well as easy access and very fast and transparent transactions, as well as the freedom to use them and so on.
Regardless of the advantages and disadvantages of cryptocurrencies, the assessment and decision remains in the hands of the individual and requires knowledge, understanding and also wisdom in weighing and deciding the cryptocurrency exposure in your investment portfolio, but over time after learning and understanding everything from experience and losses are less likely to occur.

[justdimin]

It's very precise and it has become a challenge for cryptocurrencies basically and for people who are in cryptocurrency in general, so I don't think it needs to be thought about anymore at this time because there have been examples of similar ones in the past.

Unfortunately there is a good chance that anything China does will be a news and it will cause a drop in the long run as well. It will be a short term drop but it will happen in the long term as well. It will happen at least a few more times and people will care about for a while as well and that is not going to change.

This is not really limited to china neither, any bad news will be seen as a bad FUD and it will have a problem in the crypto. This is why we need to learn how to ignore them if we would like to make a profit like the whales but we are not going to see too many people doing that and this is going to be the difference between us and the ones who lose money.

[adzino]

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Scalability? There are lots of good coins that are very scalable. It's an issue for some coins and solutions do exists. Cybersecurity? Crypto currencies are very secure. Now its up to you how to handle and store them. If you get lousy, you will lose your coins. That's your an issue with you, not crypto currencies. Afraid of price volatility? Use stable coins. And how is regulation a disadvantage of crypto currencies?

[aylabadia05]

Cryptocurrencies are highly transparent and the risk of fraud is low. What do you think can prove that cybersecurity issues can harm cryptocurrencies?
In fact, there are so many advantages of cryptocurrencies that can cover the existing shortcomings and you are one of the people who believe what I say.

Cryptocurrencies do have things that are very transparent, but you also need to realize that in cryptocurrencies there are also very many useless new things which are made by scammers whose purpose is only to deceive many people who are already in cryptocurrency.

These are just a few examples of people using crypto for their benefit in a negative way.
on the plus side, scammers also know how the crypto market and industry are very productive. and it is increasing rapidly. Everyone, good or bad, will come when they see an opportunity. they get advantages and benefits in their way.

We can't say negative yet if it's true what they do as you mention. For me it's part of their strategy to make a profit and I also think if that's true it's seeing opportunities. But what we need to clarify here is how cybersecurity can harm cryptocurrencies.