Is crypto a scam or legit business? By @othentic1
You may find someone doubting how real the crypto world truly is. Maybe because they don't have real information about it or someone into it or have been robbed or lost money there. This post may help...
First, It is to be acknowledged that many of us have had to fall into many kinds and types of platforms that talk about crypto investing in the past and which probably promised us huge and marvelous return on a daily basis. Only for these investment platforms to turn out most of time to runaway with our money and this experience has brought many into questioning if crypto is really legit or just a scam in general. We are here to see and make an analysis of what crypto really is.
What actually is crypto currency?
Crypto currency is actually a form of digital or a virtual currency that is secured through cryptography and it first came into existence in 2009 when Satoshi Nakamoto created Bitcoin and so it has been around for that number of years; roughly 13years.
Where to trade crypto?
Now this is where most people fall short, they have the capital but don't know how talkless of where to trade. Crypto, among others, can be traded on binance which is like the top choice, it can be traded on huobi, coinbase and also kucoin and many major other sites out there.
Can you make profit from crypto?
Of course you definately can as long as you put in the effort and time to learn. Also you can earn more, when you are ready to trade on your own. Reason being that if someone is trading for you, they will normally get part of the profit made and they could even be fake or not put in as much effort since they don't provide funds. But on your own, you get all the profits and loss of course while trading with crypto.
What makes crypto to be called scam?
There are many investment platform or online sites that claim to be traders and promise huge return that draw people into giving their financial responsibility to them and this turns poorly since its all mostly loss of money as they flee with investors money. All this has brought about the loss of faith or believe in crypto since too many fake so called crypto investors looking for capital are everywhere.
Is crypto currency really a scam?
Well that is for you to decide but to me, when you can learn to trade on your own, crypto is a very legit business that is taking over the world. But as long as you decide to let others trade for you in the name of investment, you might just continue to find it as some kind of scam.
Have a blessed day and thank you.
