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Why is crypto called the safest currency?

skrimon

Member
"There are many subjects you need to understand before calling it the safest currency system.

Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions. The underlying blockchain technology is inherently secure.

Crypto can be purchased, stored, and used safely — so long as the user follows best practices (see the section “How to Invest in Crypto Safely” below).

And following those same precautions, crypto can be invested safely.

However, when it comes to investing, most experts recommend that crypto be kept at a relatively small percentage of your invested assets.

In other words, it’s safe to invest in cryptocurrency — but you shouldn’t only invest in crypto.

Experts recommend building a diversified portfolio of stocks, bonds, ETFs, real estate, and cryptocurrency.

And, of course, no investment is guaranteed.

As we saw in the 2008 market crash, even seemingly safe investments like real estate and stock index funds are prone to market crashes. Crypto is no different.

Thanks!"
 

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