Q. What is the reason for the decline in digital currencies in this period?
bennani

What is the reason for the decline in digital currencies in this period?


blockchain
2

Answers

6

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10

Jul, 2018

Cryptocurrency
 0.7 q (claimed)
2 Answers
  • kiaazad

    there’s simply not that much demand for it, it’s like a mobile phone at the stone age, it’s shiney and interesting but not essential for the survival of the caveman


       

    answered by

      1.5 q
  • pearljam
    1. Digital currency is manipulated by a limited people or HODLERS.
    2. Digital currency can be hacked i.e. not tracable.
    3. It can crash the fiat currency system globally.
    4. It cant be centralised or controlled by anyone.
    5. Proper monitoring cant be possible.

    And many other reasons…Elaborate later.


       

    answered by

      6.6 q

Asked in Category

Cryptocurrency

Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.

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