CRYP­TOCUR­RENCY, EX­PLAINED

Sharp Magazine Middle East (English) - - Guide | Money -

WHAT IS IT?

Dig­i­tal sys­tems of money that are not is­sued by a gov­ern­ment or con­trolled by banks. This de­cen­tral­ized struc­ture is the big­gest sell­ing point of cryp­tocur­rency. Es­sen­tially, they of­fer a way to take full own­er­ship of your money, store it se­curely, and make — rel­a­tively — anony­mous pay­ments. (Sure, yes, to make it eas­ier to dodge taxes and buy drugs, if you must.)

WHY IT SEEMS EX­CIT­ING

It could make you a bil­lion­aire!

WHY IT’S SCARY

The mar­ket is volatile, un­reg­u­lated, and frankly, a headache to com­pre­hend. At­tempts to be­come a bil­lion­aire could quickly sab­o­tage your en­tire sav­ings ac­count.

BUT...

It could make you a bil­lion­aire!

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