Should You Invest In Cryptocurrency?

There are many advantages to Visit hump.io to buy hump token dealing in cryptocurrencies, and a fair share of disadvantages as well. Here are the top three reasons that work in favor of and against cryptocurrencies.

Advantages:
They are private and secure: The blockchain technology that fuels cryptocurrencies ensures user anonymity. It also assures high levels of security through cryptography, which we discussed before.
They are decentralized, immutable, and transparent: The entire system functions on shared ownership, where data is available to all permissioned members and is tamper-proof.
They are a hedge against inflation: Cryptocurrency makes for a great investment in times of inflation. For example, investors often compare cryptocurrency to gold. One of the reasons behind this is that, just like gold, they are in limited supply, as there is a cap on mining any type of cryptocurrency.

Disadvantages:
They are not widely understood: They are a relatively new concept and the long-term sustainability of cryptocurrencies remains to be seen.
They are prone to high risks: Needless to say, cryptocurrencies bring in as many rewards as risks. Their highly volatile and speculative nature makes them prone to sharp downward spirals. Investing in cryptocurrency can be risky for many reasons.
A major deterrent could be the fact that digital currency seems to have no inherent or underlying value. There is a supply-demand type of equation that is used to determine the value of cryptos like bitcoins.

Plus, it is easy to see how simple speculations over the internet can result in a substantial rise or loss of value of these coins.
Also the fact that cryptocurrencies are banned or their usage restricted in a lot of countries plays out as a significant risk. Their legality is debatable in countries like India.

Scalability is a problem: This is a complex issue, which has more to do with the technology side of the blockchain. Simply put, the sluggish nature of the blockchain makes it prone to transactional delays. This has the tendency to make crypto payments inefficient when compared to modern-day electronic payment techniques.