Crypto - A gamblers Den

Innovations in Technology have evolved from being birthed once in every half a century, to nowadays where they are invented almost on a daily basis. Financial Technology in particular has evolved so much that we now have the capability of making quick payments using fingers on our phones, and scanning a QR code. Who knows what the future holds ? Will we be able to make payments and buy stock options through telepathy ? What if the whole concept of ‘Finance’ & ‘Money’ itself becomes intangible ?

To say that ‘Cryptocurrency’ has taken the world by a tidal wave like storm is a huge understatement. However it leaves a taste of uncertainty in the air because as the name suggests, it is still very ‘Cryptic’. There are a plethora of people around the world, who are investing in cryptocurrency and still have no idea what it is or even what it entails. They are following the herd in search of profits which in theory there is nothing wrong with, However might lead to disastrous results because of the lack of knowledge people have about it.

Let us explore cryptocurrency together to explain in the most simplest way possible for your understanding. It is Digital or virtual Currency powered through’Blockchain Technology’. There are more than 10,000 cryptocurrencies and each of them have their own quirks, For example, bitcoin, dogecoin, ethereum etc. One of the biggest advantages of cryptocurrencies is the technology which powers it. ‘Blockchain’ is one of the most secure technologies because it records every single transaction which makes a scam or a fraud impossible through it.

However, there are plenty of cons associated with cryptocurrency. Such as, It can still be used for making payments for illegal activites, which is why a lot of governments around the world are puzzled whether as to make it a legal method of transaction or not.

It is extremely high risk, there is potential for huge wins and devastating losses at the same time. No company is controlling any of this currency so can be no claim of insurance on this.

Hence, Cryptocurrencies are an extremely risky and volatile investment, especially if you do not understand how it functions properly. Allow us to safely guide you through the illusionary ‘maze’ that is the financial market. We have experienced almost two decades of ups and downs in this industry and we will be more than happy to make your Financial invest journey a joy to experience in the most safest manner possible.

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