![crypto_increase.gif](https://cdn.steemitimages.com/DQmcta2w2jXo5MtCsdiBVtJp1r6b11Ets5asVRRrxnrdiQY/crypto_increase.gif) GIF source: google As you know nothing is perfect in this Universe, everything has some drawback. So have a look some loss of having cryptocurrency:-![Screenshot (189).png](https://cdn.steemitimages.com/DQmUkVyDXD2Va63owvrpeUPWK7sjhDD4ng7kdGejFKLjjVe/Screenshot%20(189).png) DISCLAIMER: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on my researches. You should not take my opinion as financial advice. You should always do your research before making any investment. It is just an informative blog. Before moving ahead Please read 1st part [here](https://steemit.com/cryptocurrency/@amar15/pros-and-cons-of-crypto-1) * FAST & UNPREDICTABILITY: Cryptocurrencies are growing very fast day by day. New concepts arise and they are helping to solve our problem but we can't predict. People are becoming crazy to buy cryptocurrencies. * VOLATILE: Cryptocurrencies are volatile in nature no can predict what will be the price of the coin next day. Highly unstable in price. ![Screenshot (151).png](https://cdn.steemitimages.com/DQmUzyqkW1dVKLo694SdjYbeQrBU8JwbQt3GjCEJHvEkcS6/Screenshot%20(151).png) * NO CALCULATION & PLANNING: We can't calculate its price. It can be high or can low we have both possibilities. We can't save crypto for our next generation. ![Screenshot (139).png](https://cdn.steemitimages.com/DQmcT66RLVea83i6gLUV3KQcdfjzvA9Jgg9Pf9QtJMLku4Q/Screenshot%20(139).png) * NO DEPENDENCY &INFLUENCE: In case of cryptocurrencies, we can't influence its price Bitcoin works on a very Complex Algorithm that's why we can't influence it. Most of people don't know how it works. ![Screenshot (138).png](https://cdn.steemitimages.com/DQmb492JfgL7YB9m1b66wknapcimd1THKb1dTmUoC53B9Pk/Screenshot%20(138).png) * MONEY LAUNDERING & BLACK MARKET: Crypto can be used for these purposes easily because no one is monitoring what you are doing whether it is wrong or right. ![hack_crypto.jpg](https://cdn.steemitimages.com/DQmc8PtuZ1mKgFydWqTLUgthuxoAuJGMWfHmEJGYwEkzD65/hack_crypto.jpg) * HACKERS: Anything can be hacked whether it is your credit card, debit card or your bank account but in this, you have your bank and government with you he will help you. In case of crypto, you can't do anything. * TERRORIST AND ILLEGAL ACTIVITY: Cryptocurrencies can be easily used for illegal activity because there is no third party involved then no one can trace your record. You are free to do whatever you want to do. * LIMITED TRACK & LOW CREDIBILITY: No one can see what will be after 1 or 2 years. Limited track supposes if you transferred your coins to wrong address then you can't reverse without the permission of Receiver because there is no third party. * NO TAX BENEFIT: In case of crypto we are neither getting any tax benefit at the time of investment nor at the time of return. For an example when you invest in equity-based investment you are able to get tax benefits at the time of investment and at the time of return as well. * TAX EVASION: Basically Tax evasion is the act of not reporting or underreporting taxable income or overstating deductions in order to avoid paying tax on your true taxable income. It can also be applied to Federal Excise taxes although in that case, it would be the under or nonreporting of taxable sales or failure to remit the tax collected. ![no-thirdparty.jpg](https://cdn.steemitimages.com/DQmXkd6UbiFbZC71HfgUL2LdFQ8SjM3S2WKs8VwpXmNKNM1/no-thirdparty.jpg) * SELF BENEFIT & NO SOVEREIGN SUPPORT: In case of cryptocurrencies you are looking just your aspect, not the government. In case of crypto, Government can discourage you and Government will never support you. These are the few drawbacks of investing in cryptocurrency. There is no doubt that Blockchain is future these are just possibilities it can be. So please don't take me wrong this was just a information that every person should know. If you have any suggestions then please let me know you're always welcome :) If it was knowledgeable for you then: ![last_msg.jpg](https://cdn.steemitimages.com/DQmUZRZG3hn3r7sb7kfzjDmtCubzK8cdptiKnaaX5Rcpta7/last_msg.jpg) and Help me to grow my blog and feel free to read my first blog [here](https://steemit.com/introduceyourself/@amar15/hello-steem-let-s-begin-a-amazing-learning-jaurney)!
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author | amar15 |
permlink | is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency |
category | cryptocurrency |
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To the question in your title, my Magic 8-Ball says:<blockquote>Outlook not so good</blockquote><hr>*Hi! I'm a bot, and this answer was posted automatically. Check [this post out](https://steemit.com/introduceyourself/@magic8ball/introducing-the-magic-8-ball-bot) for more information.*
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trading itself is risky in all field
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permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180626t132114216z |
category | cryptocurrency |
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Yes you r right...! But no risk no gain.
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permlink | re-jaineel-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180626t132932611z |
category | cryptocurrency |
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Good writing
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permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180627t030251069z |
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Thank you @ahmadmoin ; )
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permlink | re-ahmadmoin-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180627t030634383z |
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Bro upvote toh kardete
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@amar15 bro..sit back n relax..bitcoin is future.. We will soon see bitcoin hitting one crore inr... Upvoted you and following you expect same upvote my posts n follow me
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permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180627t163248844z |
category | cryptocurrency |
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I'm happy to participate with you, and i would to say that the crypto market is based on the blockchain technology which consider as a new revolution that will spread through the world and cover it in the next years.
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permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180627t031045981z |
category | cryptocurrency |
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Yes, you are absolutely right....!
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permlink | re-ahmedgalal-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180627t031422437z |
category | cryptocurrency |
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Nice article @amar15
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permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180627t040841250z |
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Thank you...; )
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permlink | re-sarcasticbro-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180627t050554544z |
category | cryptocurrency |
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Outstanding Brother....!
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author | harshraj-99999 |
permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180627t051927131z |
category | cryptocurrency |
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Thank you my friend...
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permlink | re-harshraj-99999-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180627t053203005z |
category | cryptocurrency |
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@amar15 nice information in the post, I think Cryptocurrency in the moond if bounce back
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author | akbarshakeel |
permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t033418895z |
category | cryptocurrency |
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Thank you Man
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permlink | re-akbarshakeel-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t094030747z |
category | cryptocurrency |
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root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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Is not blind, its all about news...
post_id | 55,121,365 |
---|---|
author | amands |
permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t065227122z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
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root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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Yes, my friend. It's not but it depends upon understanding.
post_id | 55,130,035 |
---|---|
author | amar15 |
permlink | re-amands-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t082657777z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
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root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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Nice blog
post_id | 55,123,191 |
---|---|
author | somasekhar |
permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t071246991z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
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root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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thank you @somasekhar
post_id | 55,130,089 |
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author | amar15 |
permlink | re-somasekhar-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t082733167z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"users":["somasekhar"],"app":"steemit\/0.1"} |
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root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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this is an great article.
post_id | 55,123,332 |
---|---|
author | dashingh |
permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t071434886z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
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root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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Thank you @dashingh
post_id | 55,129,710 |
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author | amar15 |
permlink | re-dashingh-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t082346431z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"users":["dashingh"],"app":"steemit\/0.1"} |
created | 2018-07-02 08:23:48 |
last_update | 2018-07-02 08:23:48 |
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root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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@amar15 yes ur information is knowledgeable but we have to research by own for investment.thanks for advice.nice work
post_id | 55,125,821 |
---|---|
author | saurav3121 |
permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t074228971z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"users":["amar15"],"app":"steemit\/0.1"} |
created | 2018-07-02 07:42:33 |
last_update | 2018-07-02 07:42:33 |
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root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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Yes, my friend. We all should do this before investing in anyone.
post_id | 55,129,669 |
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author | amar15 |
permlink | re-saurav3121-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t082326698z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
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author_reputation | 112,489,273,284,793 |
root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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ya i am also saying this
post_id | 55,261,744 |
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author | saurav3121 |
permlink | re-amar15-re-saurav3121-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180703t143132488z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
created | 2018-07-03 14:31:36 |
last_update | 2018-07-03 14:31:36 |
depth | 3 |
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root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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I can't believe I am saying this, but you need to put less effort haha Tip! 0.5
post_id | 55,133,853 |
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author | hatu |
permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t091202684z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
created | 2018-07-02 09:12:06 |
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body_length | 80 |
author_reputation | 587,339,066,841,414 |
root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
thank you so much Sir for the tip, I will take care of this.
post_id | 55,136,286 |
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author | amar15 |
permlink | re-hatu-re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t093707316z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
created | 2018-07-02 09:37:09 |
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author_reputation | 112,489,273,284,793 |
root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
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Hi @amar15! You have received 0.5 SBD tip from @hatu!<br><p><strong>@hatu wrote lately about: <a href=https://www.steemit.com/@hatu/the-wide-sweeping-benefits-of-the-pull-payment-protocol rel="noopener"> The Wide-Sweeping Benefits Of The Pull-Payment Protocol</a></strong> Feel free to follow @hatu if you like it :)</p><p><a href="https://steemit.com/steemit/@tipu/tipu-voting-service-quick-guide-updated-19-06-2018" rel="noopener">@tipU voting service</a> | <a href="https://steemit.com/steemit/@tipu/receiving-daily-profit-with-tipu-quick-guide" rel="noopener">For investors</a>.</p>
post_id | 55,133,905 |
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author | tipu |
permlink | re-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t091234 |
category | cryptocurrency |
json_metadata | {} |
created | 2018-07-02 09:12:36 |
last_update | 2018-07-02 09:12:36 |
depth | 1 |
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author_reputation | 55,804,171,747,699 |
root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
india main kya hoga bitcoin ka..?
post_id | 55,158,816 |
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author | honeybawa3 |
permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180702t132505237z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
created | 2018-07-02 13:25:15 |
last_update | 2018-07-02 13:25:15 |
depth | 1 |
children | 0 |
net_rshares | 100,546,839 |
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body_length | 33 |
author_reputation | 5,858,383,227 |
root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
honeybawa3 | 0 | 100,546,839 | 100% |
Highest risk Highest return
post_id | 55,227,746 |
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author | rahul7734 |
permlink | re-amar15-is-bitcoin-a-blind-game-do-you-know-the-drawbacks-of-cryptocurrency-20180703t090645744z |
category | cryptocurrency |
json_metadata | {"tags":["cryptocurrency"],"app":"steemit\/0.1"} |
created | 2018-07-03 09:07:15 |
last_update | 2018-07-03 09:07:15 |
depth | 1 |
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author_reputation | 4,737,569,079 |
root_title | "Is Bitcoin a Blind Game ? Do you know the drawbacks of Cryptocurrency?" |
beneficiaries | [] |
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