Connect with us


Advantages and disadvantages of cryptocurrencies




In this article we tell you everything you need to know about cryptocurrencies, their advantages and disadvantages, from the reinforced security to the delay in transactions.

The following statements do not constitute investment advice or any other advice regarding financial services, financial instruments or financial products. Its purpose is to provide general information. The following statements do not constitute an offer to enter into a contract for the purchase or sale of financial instruments and financial products, or an invitation to make such an offer to buy or sell any particular digital asset. Cryptocurrencies are subject to large fluctuations in value, and could experience a decline or complete loss of value at any time. Loss of access to data and passwords can also lead to a total loss.

Cryptocurrencies have the potential to transform the financial world as we know it, as well as question the very existence of traditional financial infrastructures. And so, what are the advantages and disadvantages of cryptocurrencies? What do we base our decision on which one to invest in (or whether to invest at all)?

If this about cryptocurrencies is not clear to you, fear not: in this article we are going to break down the advantages and disadvantages of cryptocurrencies, so that in the end you do not have any doubts about the fundamental concepts. And if you still don’t fully understand it, you can take a look at our beginner’s guide to cryptocurrency.

Although cryptocurrencies are a relatively recent invention (Bitcoin, for example, started life in 2009), they are certainly here to stay, along with all their benefits. The world of cryptocurrencies has a lot to offer: from the prospect of great profits to the possibility of operating 24 hours a day in an extremely secure and transparent infrastructure – it is enough to know how to take advantage of it.

1. High risk and high reward potential

In the current market there are more than 10,000 cryptocurrencies, each one with its peculiarities. Now, all cryptocurrencies have aspects in common, such as the tendency to register sudden peaks (and falls) in value. The prices mainly depend on the supply of coins from the miners and the demand from the buyers. This supply and demand dynamic can generate significant benefits. The price of Ethereum, for example, practically doubled from July to December 2021, lucky dates for those who invested at the right time.

2. Blockchain , the technology on which cryptocurrencies are based, is intrinsically secure 

Some of the main advantages of cryptocurrencies are not related to the currencies themselves, but to the infrastructure on which they are supported, that is, the blockchain ( or chain of blocks), a decentralized data storage registry that tracks all the transactions that take place on it. Once an entry has been registered on the blockchain , it cannot be deleted. Since the blockchain is stored in a decentralized way on different computers, hackers do not have the possibility to access the entire chain at once, so the registered information is always safe.

3. Goodbye to traditional banks: let’s say hello to a fairer and more transparent financial system

In general, our financial system revolves around intermediaries that are in charge of processing transactions. This means that if you make a transaction, you are placing your trust in one or more of these intermediaries – during the recession of 2008, many people doubted that this was a good idea. Blockchain and cryptocurrencies represent an alternative. Everyone has access, from anywhere, so they allow you to participate in financial markets and carry out transactions without any type of intermediary.

4. The cryptocurrency market is always open

Another advantage of cryptocurrencies—over banks—is that cryptocurrency markets never close. Since coins are mined and transactions are recorded 24 hours a day, there is no waiting around to buy, sell, or trade cryptocurrency like the New York Stock Exchange, NASDAQ, and other stock exchanges. The repercussion has been such that the traditional stock markets are considering operating outside normal banking hours, although for now it is something that is still a long way off. Thus, for investors who are active 24 hours a day, cryptocurrencies could be the best way to make profits outside of normal business hours.

5. Cryptocurrencies could help investors win the battle against inflation

Cryptocurrencies are not tied to a single currency or economy, so their price reflects global demand, rather than, say, national inflation . And what about the inflation of the cryptocurrencies themselves? If you’ve already invested, you don’t have to worry (generally speaking). As there are a limited number of currencies, the amount available cannot run out of control and therefore there can be no inflation. Some currencies (like Bitcoin) have a global limit, others (like Ethereum) have a yearly limit. In any case, this is the approach that keeps inflation at bay.

Five disadvantages of cryptocurrencies

This all sounds very idyllic, but is the cryptocurrency landscape really that rosy? Next we will see some of its drawbacks. Some have an easy solution, others not so much, but they should always be taken into account.

1. Understanding cryptocurrencies takes time and effort

Understanding how cryptocurrencies work can take time. If you’re not a digital native, chances are the concept of cryptocurrency—not to mention blockchain— is somewhat abstract to you. And trying to invest in something you don’t understand is a risk in itself. There are plenty of resources available online (including N26’s blog series on cryptocurrency), but you’ll still need to spend some time really understanding the pros and cons of investing in cryptocurrency.

2. Cryptocurrencies can be an extremely volatile investment.

Although the price of a cryptocurrency can reach dizzying highs (with attendant benefits for investors), it can also plummet to frightening lows just as quickly. Therefore, if you are looking for a stable return, cryptocurrencies may not be your best bet. Cryptocurrency markets are largely based on speculation and their relatively small size makes them more vulnerable to price fluctuations. This, in turn, can wreak havoc on the value of coins, one of the main disadvantages of cryptocurrencies.

3. Cryptocurrencies have not (yet) proven to be a good long-term investment

Although cryptocurrencies are widely known and still gaining in popularity, it should be remembered that they have only been around for a little over a decade. The concept did not emerge until the publication of a white paper on Bitcoin in 2008. Stock markets, by contrast, have centuries of history behind them. The London Stock Exchange, for example, was founded in 1801, and gold has proven to be a carrier of value for millennia. But what about cryptocurrencies? Nobody really knows what will happen to cryptocurrencies in the future, and it takes courage to venture into these uncharted waters as an investor.

4. Cryptocurrencies present serious scalability problems

Ok, one might think that digital currencies work at lightning speeds and to some extent they do. Once they reach a certain level, however, they present major problems that make it difficult to deploy them on a large scale. The cryptocurrency providers themselves admit that this is a problem, and Ethereum officials say that the blockchain has reached “certain capacity limitations” that slow down the rate of transaction processing. This can be very frustrating for those involved in the transaction, not to mention the possible financial losses that could be caused.

5. Beginners are vulnerable to security risks

Cryptocurrencies may not present the risks that come with using central intermediaries, but that doesn’t mean they are completely unaffected by security issues. As a cryptocurrency owner, you could lose the private key that allows you to access your coins, and with it, all your holdings. And then there are hackers , phishing , and other attempts to gain control of your accounts through illicit means. Experienced investors tend to be quite aware of this, while newer ones are more prone to fall into these types of traps.

What is the best cryptocurrency to invest?

There is no cryptocurrency that is significantly better than the others. It depends on personal preferences, although there are aspects that you can take into account. Think about your personal risk tolerance: could you bear to lose a substantial part of your investment if the value of your chosen currency plummets? Do you use cryptocurrencies only to generate profit or do you also hope to be able to pay with them? Do you invest just for the money or do you want to invest in a currency that has a broader social or environmental impact? An easy approach is to simply go with the market leader: Bitcoin. It is the original cryptocurrency and also the one that has created the largest information base.

What are the advantages and disadvantages of Bitcoin?

Bitcoin, which operates under the abbreviation “BTC”, has many advantages. It is limited to 21 million coins, is guaranteed to be resistant to inflation, and its attractive prices offer investors the possibility of profit. In addition, Bitcoin is the most accepted cryptocurrency to make payments. But, of course, it also has its drawbacks. Bitcoin’s blockchain infrastructure starts to slow down when it exceeds a rate of seven transactions per second (a real problem when you consider that Visa processes about 1,700 transactions per second). And because it is the best known cryptocurrency, it is a key target for hackers and scammers of all kinds. To learn more about Bitcoin, read our articleWhat is Bitcoin? .

What else do I have to know before investing in cryptocurrencies?

Cryptocurrencies can be a minefield for new investors. It is a topic that requires familiarity, both with the terminology and with its complex technology. As with everything in life, trading cryptocurrency comes with certain benefits and risks, but N26 is here to help. Whether you want to meet your daily expenses with Bitcoin or use another currency to expand your investment portfolio, we can show you all the advantages and disadvantages of cryptocurrencies.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply


Exploring Craigslist Wilmington NC: Your Ultimate Guide



craigslist wilmington nc

Craigslist is a vast online marketplace that operates in various cities and regions across the United States. Wilmington, a picturesque city on the North Carolina coast, has its own dedicated Craigslist section. This platform offers a wide range of services, making it a valuable resource for both residents and visitors.

Getting Started

Creating an Account

To get started on Craigslist Wilmington NC, you need to create an account. This step is essential if you plan to post ads or save your favorite listings. Creating an account is simple and requires basic information like your email address.

Navigating the Website

Once you have your account set up, familiarize yourself with the website’s layout. The homepage features categories such as “Community,” “Housing,” “Jobs,” and “For Sale.” Clicking on these categories will take you to specific listings within each category.

Browsing Listings

Job Opportunities

Looking for a job in Wilmington? Craigslist is a treasure trove of job postings. You can filter listings by job type, location, and more. It’s a fantastic resource for job seekers looking for opportunities in various industries.

Housing Rentals

Whether you’re a student searching for an apartment or a family looking for a house, Craigslist Wilmington NC has housing listings to suit every budget. The detailed descriptions and images provided by landlords make your search easier.

For Sale

From electronics and furniture to antiques and collectibles, the “For Sale” section on Craigslist is a virtual marketplace where you can find great deals on both new and used items.

Posting Your Own Ad

Tips for Effective Ads

If you have something to sell or a service to offer, posting an ad on Craigslist is straightforward. However, creating an effective ad requires attention to detail. Use clear images, write concise yet informative descriptions, and be responsive to inquiries.

Safety Tips

Meeting in Person

While Craigslist is a valuable resource, it’s important to prioritize safety. When meeting someone in person for a transaction, choose a public location and bring a friend if possible. Trust your instincts and be cautious.

Dealing with Payments

When it comes to financial transactions, always use secure methods such as cash or digital payment apps. Avoid sharing sensitive information like your bank details.

Community and Events

Local Discussions

Craigslist Wilmington NC isn’t just about buying and selling. It also features local discussions where you can engage with the community, ask questions, and share information.

Upcoming Events

Stay updated on local events and happenings by checking out the “Events” section. From concerts to community gatherings, you’ll find it all here.


Craigslist Wilmington NC is a versatile platform that offers an array of services to the residents of this beautiful coastal city. Whether you’re looking for a job, a place to live, or simply want to engage with the local community, Craigslist has you covered. Remember to stay safe, follow best practices, and make the most of this valuable online resource.

FAQs About Craigslist Wilmington NC

Q: Is Craigslist Wilmington NC free to use?

Yes, Craigslist is generally free to use for both buyers and sellers. However, there may be fees for certain types of listings in some categories.

Q :How can I report suspicious activity on Craigslist?

If you come across a suspicious listing or user, you can easily report it to Craigslist for investigation. Use the “flag” option to report a problematic ad.

Q: Can I edit my Craigslist ad after posting it?

Yes, you can edit your ad after it’s posted. Simply log in to your account, go to your listing, and make the necessary changes.

Q: Are there any tips for selling items quickly on Craigslist?

To sell items quickly, provide clear photos, accurate descriptions, and competitive prices. Also, be responsive to inquiries from potential buyers.

Q: Is it safe to share my contact information on Craigslist?

While it’s common to share contact information during transactions, exercise caution and avoid sharing sensitive information like your social security number or financial details.

Continue Reading


Exploring Craigslist Fayetteville AR: A Comprehensive Guide



craigslist fayetteville ar

In this digital age, online platforms have revolutionized the way we buy, sell, and connect with our local communities. Craigslist, a widely recognized online marketplace, plays a pivotal role in facilitating these transactions. In this article, we will delve into the world of Craigslist Fayetteville, AR, and uncover its many facets. From buying and selling items to discovering local events and services, we’ve got you covered.

What Is Craigslist?

Craigslist is an online classifieds and community website that was founded by Craig Newmark in 1995. It has since grown to become a go-to platform for individuals looking to post and find jobs, housing, goods, services, and more. Each Craigslist site is specific to a particular city or region, making it a valuable resource for localized searches.

Navigating Craigslist Fayetteville AR

Accessing the Website

To start your Craigslist journey in Fayetteville, simply go to the website by typing “” in your browser’s address bar. Once you’re on the homepage, you can select your location, in this case, Fayetteville AR, from the list of available options.

Browsing Categories

Craigslist categorizes its listings into various sections such as housing, jobs, for sale, services, and community. Click on the category that best suits your needs to explore the listings within.

Posting Your Own Listing

If you want to sell an item, advertise a job opening, or offer a service, you can easily post your own listing on Craigslist. Click on the “post to classifieds” option and follow the prompts to create your listing.

Finding Treasure in the Marketplace

Secondhand Shopping

Craigslist Fayetteville AR is a treasure trove for bargain hunters. You can find a wide range of items, from furniture and electronics to clothing and collectibles, often at a fraction of the cost of new items.

Housing Solutions

Whether you’re searching for a new place to live or looking for a tenant, the housing section on Craigslist can be a valuable resource. You can filter your search by location, price, and housing type to find the perfect match.

Connecting with the Community

Local Events

Craigslist’s community section is a great place to discover local events, gatherings, and activities happening in Fayetteville. From garage sales to charity fundraisers, you can stay in the loop with what’s happening in your area.

Services and Gigs

Need a handyman, a pet sitter, or a tutor? Craigslist offers a diverse range of services and gigs posted by local individuals and businesses. It’s an excellent way to find the help you need right in your community.

Safety Tips for Craigslist Users

While Craigslist is a fantastic platform, it’s essential to prioritize safety when using it. Here are some tips to ensure your Craigslist experience is a secure one:

Meet in Public Places

When meeting with buyers or sellers, choose public locations with plenty of people around to ensure your safety.

Trust Your Instincts

If a deal seems too good to be true or makes you uncomfortable, trust your instincts and reconsider.

Avoid Sharing Personal Information

Never share sensitive personal information like your home address or financial details in your listings or messages.


Craigslist Fayetteville AR is a dynamic online marketplace that connects the local community through buying, selling, and sharing information. By following our guide and safety tips, you can make the most of this platform while ensuring your well-being.


Q: Is Craigslist Fayetteville AR free to use?

Yes, Craigslist is generally free to use for both buyers and sellers. However, there may be fees for certain types of listings, such as job postings.

Q: How can I avoid scams on Craigslist?

To avoid scams, always meet in person for transactions, never wire money to strangers, and be cautious of deals that seem too good to be true.

Q: Can I search for jobs in Fayetteville on Craigslist?

Absolutely! Craigslist Fayetteville AR has a dedicated jobs section where you can find local job listings.

Q: Are there any alternatives to Craigslist in Fayetteville?

While Craigslist is a popular option, you can also explore other local classifieds websites and apps for buying, selling, and connecting with the community.

Q: How do I report suspicious activity on Craigslist?

If you come across a suspicious listing or encounter a scam, use the “flagging” option on Craigslist to report it to the site administrators. They will investigate and take appropriate action.

Continue Reading


The Ultimate Guide to Craigslist Ann Arbor



craigslist ann arbor

Craigslist has been a trusted online marketplace for individuals seeking a variety of services and products for over two decades. In this article, we will specifically focus on Craigslist Ann Arbor, a localized version of the platform tailored to the needs of Ann Arbor residents. From apartment hunting to job hunting, and everything in between, Craigslist Ann Arbor has become an indispensable tool for the community.

The History of Craigslist

Craigslist was founded in 1995 by Craig Newmark as an email list to share local events and classified ads with friends in San Francisco. Over the years, it has evolved into a global platform with a presence in over 70 countries. Craigslist’s simplicity and user-driven approach have contributed to its enduring popularity.

What Sets Craigslist Ann Arbor Apart?

Craigslist Ann Arbor is more than just a classified ads website; it’s a virtual hub for the local community. Unlike other generic online marketplaces, Craigslist Ann Arbor caters specifically to the needs of Ann Arbor residents. Its user-friendly interface and localized approach make it a go-to platform for both buyers and sellers in the area.

Navigating Craigslist Ann Arbor

Navigating Craigslist Ann Arbor is a breeze. The website is organized into various categories, making it easy to find what you’re looking for. From housing to jobs, services to community events, you can quickly access the information you need with just a few clicks.

How to Post an Ad

Posting an ad on Craigslist Ann Arbor is straightforward. Whether you want to sell a piece of furniture, advertise a job opening, or find a new apartment to rent, we’ll guide you through the process step by step.

Craigslist Safety Tips

While Craigslist is a valuable resource, it’s essential to prioritize safety. We’ll share some tips to ensure a secure and positive experience when using the platform.

Craigslist Ann Arbor for Apartment Rentals

Are you in search of the perfect apartment in Ann Arbor? Craigslist An’n Arbor’s housing section is the ideal place to start your search. We’ll discuss how to find the best listings and connect with potential landlords.

Finding Job Opportunities

Looking for employment opportunities in Ann Arbor? Craigslist An’n Arbor’s job listings can help you find your dream job. We’ll provide tips on how to effectively search for job postings and create compelling applications.

Craigslist Ann Arbor for Buying and Selling

Whether you’re decluttering your home or searching for a great deal, Craigslist An’n Arbor’s “For Sale” section has you covered. Learn how to list items for sale and make successful transactions.

Community and Events

Craigslist An[‘n Arbor isn’t just about commerce; it’s also a platform for community engagement. Discover local events, meetups, and volunteer opportunities in Ann Arbor.

Tips for a Successful Craigslist Experience

Make the most out of your Craigslist An’n Arbor experience with these valuable tips and tricks for buyers and sellers alike.

Avoiding Scams on Craigslist

Unfortunately, scammers can lurk on online marketplaces. We’ll provide insights on how to identify and avoid potential scams on Craigslist Ann Arbor.


In conclusion, Craigslist An’n Arbor is a versatile and valuable platform that caters to the diverse needs of the Ann Arbor community. Whether you’re seeking housing, job opportunities, or looking to buy and sell items, Craigslist Ann Arbor has you covered.


Q: Is Craigslist Ann Arbor free to use?

Yes, Craigs’list Ann Arbor is free for both buyers and sellers to use.

Q: How can I report a suspicious listing or user on Craigslist?

To report a suspicious listing or user, click on the “flag” icon located on the top-right corner of the listing or user profile.

Q: Can I edit my Craigslist Ann Arbor ad after it’s been published?

Yes, you can edit your ad by logging into your Craigslist account and accessing your active listings.

Q: Are there any fees associated with posting a job ad on Craigslist Ann Arbor?

Craigslist An’n Arbor charges a fee for job postings in certain categories. Be sure to check the current rates when posting a job ad.

Q: How can I contact a seller or landlord on Craigslist Ann Arbor?

You can typically contact sellers or landlords through the email or phone number provided in their listings.

Continue Reading