Thank you for participating, and the Tiger Coin has been sent to your account. You may check it at the Tiger Coin Center.

[Reward] Is cryptocurrency a good investment?

@Tiger_AU
Hey Aussie, Cryptocurrency has taken the world by storm, especially during the last few years. Do you have any experience investing in cryptocurrencies? Can you share your thoughts on the topic of Is cryptocurrency a good investment?ASIC research found that 44 per cent of Australian investors they surveyed held cryptocurrencies. A quarter of participants said crypto was their only investment. For some investors, one of the biggest appeals of cryptocurrencies is its decentralized nature. It’s not controlled by central banks or governments who like to print money and generate inflation in fiat currencies such as the U.S. dollar or the euro. Buying cryptocurrencies also creates the potential for large gains on your investment. However,Cryptocurrencies have been extremely volatile so far in their relatively young existence. They aren’t backed by anything, so the price they trade at is determined by the whims of traders. There are also security issues with cryptocurrencies,there have been notable hacks involving cryptocurrencies. It is often difficult to recover stolen funds. On Monday, the federal government announced Australia would become the first country to chart the number, type and underlying code of available cryptocurrencies. It will “token map” the Australian crypto asset sector as a first step towards fresh regulation in the area, which the tax office estimates more than one million people have “interacted” with since 2018. What's your opinion about cryptocurrency? 💡Share Your Insights Please leave a message in the comments section of this post, and share your insights about cryptocurrency. 💸💸💸 Is cryptocurrency a good investment? Have you ever invested in cryptocurrency? What is your opinion about the future of cryptocurrency? 🎁Prizes All Tigers who comment on the following post will receive 10 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins. ⏰Activity Duration 24 Aug, 2022-31 August, 2022
[Reward] Is cryptocurrency a good investment?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

  • Top
  • Latest
  • Nagoken
    ·2022-09-08
    Recession is coming. How everyone can survive thru it
    Reply
    Report