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But cryptocurrencies aren't like the cash we carry. So, as you might have already guessed, cryptocurrency faucets aren't a get rich quick scheme. Because in order to consider them an asset, you'd have to create an entirely new asset class for them. I don't place either in my portfolio because they don't have an expected positive return, even on a nominal basis. However, the concerns raised by the rbi.
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moreover, there is the possibility that crypto. There is no central bank or government to manage the system or step in if something goes wrong. They aren't being made to be used solely as a medium of exchange, they're being made to be invested in exactly like stocks, stocks you can pay with. People don't see cryptocurrencies as proper investments because they are new. The real attraction is in the hopes that the value of cryptocurrencies will continue to grow. Despite being a medium of exchange, a cryptocurrency is not issued by any central bank or monetary authority. However, this assumption is incorrect. Ecb's guindos says crypto assets aren't a 'real investment'. So, as you might have already guessed, cryptocurrency faucets aren't a get rich quick scheme. A cryptocurrency is a digital asset used to form an exchange for a good or service. Cryptocurrencies are not financial assets because they are not cash, an ownership interest in an entity, or a contract establishing a right or obligation to deliver or receive cash or another financial instrument. C ryptocurrency is a kind of digital money that is designed to be secure and, in many cases, anonymous. With cryptocurrencies, the risk of losing assets or misplacing them is higher than with traditional assets.
So, as you might have already guessed, cryptocurrency faucets aren't a get rich quick scheme. Some people find this appealing because they think they have more control over their funds but in reality, there are significant risks. Ecb's guindos says crypto assets aren't a 'real investment'. The purpose of a cryptocurrency faucet Cryptocurrencies are generally not anonymous but rather pseudonymous.
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At any rate, i agree with mmm that cryptocurrencies aren't investments.
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