The downside of crypto currency

[Starmix]

Cryptocurrencies, despite their many advantages, also come with downsides that users should be aware of. Here are some of the downsides of crypto:

1. Constant price fluctuations and crashes;
2. Scams;
3. Little to no regulation;
4. Crypto is illegal in some countries;
5. Scaling limitations, and
6. Energy consumption.

 

[King Belieal]

The only downside of crypto is that it is very volatile. That alone causes panic amongst the crypto investors.

 

[riberet19]

Bitcoin's energy consumption is only 0.19% with almost 70% of its mining produced by green energy, as well as other cryptos that work on POS that consume hardly any energy and if we add everything up it does not even reach 0.40% of global energy, scams are something that is done in all strata of the market, It is not something inherent to cryptocurrencies but to the market, cryptocurrencies are already regulated in many places in the world, they no longer have as little regulation as in the past.

 

[Suba]

Crypto is not much different from stocks, aggressive investors will look for tier 3 stocks to make high profits, because of the rapid price volatility that applies to crypto. That is why it is not recommended not to invest in crypto if people do not have the skills. The money market is always full of fraud, not only crypto but also fiat money. Because there are no regulations, there are no controllers like fiat money which is controlled by the central bank, while crypto is controlled by supply and demand so we must always be careful in every situation to make a profit. Actually crypto is not illegal but some countries prevent the entry of crypto to protect their financial circulation.