Cryptocurrencies can be like seashells

Everyone who sees the value it has reached today says “I wish I had invested in Bitcoin, Ethereum etc. years ago”. Is it really possible to make money from cryptocurrencies?

Trading is all about risks. Therefore, remember that you take serious risks when trading. Many people see cryptocurrencies as the currency of the future. Are cryptocurrencies really the money of the future? Will we use crypto assets instead of money? The questions are so many that it is impossible to answer them one by one.

There are situations where crypto assets are advantageous or disadvantageous over fiat currencies. Years later you will only be paying with cards, without using paper or coins. In fact, we will spend without touching the money deposited in our bank accounts. In fact, in a way, official coins will turn into digital assets. Although it is seen as a digital asset in cryptocurrencies, it is not officially available yet. Moreover, there is no limited supply.

Cryptoassets are viewed as risks by governments. Few countries support crypto assets. El Salvador comes first. It is not unreasonable to profit by taking advantage of the short or medium-term rise of Bitcoin, since it does not already have enough economic power. However, this is a risk. Because nobody wants to take risks against governments. These assets are not preferred in commercial transactions.

Elon Musk’s idea to sell Tesla for Bitcoin or Dogecoin did not materialize. Because when you take this risk, you can ignore official currencies. If it is banned by governments, it can lead to serious money loss. It could even sink Tesla.
Crypto assets called Coins or Tokens are unlimited. Although the maximum production level is specified, there is no official mechanism to follow this. If there is an official oversight mechanism, crypto assets will be officially recognized. This is something that governments do not want.

Crypto assets should be compared to seashells. Seashells were used as money for a while in human history. However, this idea was abandoned in a short time due to the fact that it could not be audited and created a fair order. Cryptocurrencies, like seashells, may one day lose their value. It is necessary to act with this risk in mind. “You are wrong! Cryptocurrency is the currency of the future! You can say. We can’t say you’re right, just as we can’t say you’re wrong.

Financial investments are decisions that people make freely. We respect these decisions. But consider your risks. Plan your investments without risking all your tangible assets.