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Are cryptocurrencies more gambling than investing - Coggle Diagram
Are cryptocurrencies more gambling than investing
gambling
https://www.theguardian.com/technology/2022/jan/15/trading-is-gambling-no-doubt-about-it-how-cryptocurrency-dealing-fuels-addiction
short run
volatility
fluctuating prices
no return of value
unregulated
security
hackers
system failure
loss of money
investing
long run
not reliant on stable prices
compare prices - able to gain highest/lowest price
profitability
bitcoin mining
global currency
no exchange rates - more value for money
improve economy around world
no inflation
https://www.investopedia.com/tech/question-why-should-anyone-invest-crypto/
maths behind it
maths that makes it secure
https://www.mathscareers.org.uk/bitcoin-currency-built-with-mathematics/
https://medium.com/swlh/the-mathematics-of-bitcoin-89e7ab59edc
blockchain
https://www.synopsys.com/glossary/what-is-cryptography.html
maths that makes it volatile
https://www.mdpi.com/2227-7390/9/14/1614/htm
https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp
https://news.harvard.edu/gazette/story/2021/06/cryptocurrency-expert-discusses-recent-fluctuations/
are they good
security
future of money
cashless society
more online transactions
regulation
gamble/investment
addiction
debt
distribution of wealth
improve economy
less poverty
foreign exchange
exchange rate
global currency