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Cryptocurrencies have the following disadvantages. Cryptocurrency is volatile today, the cryptocurrency was able to go through a crisis period in 2018, when the market continues to go down a bear market. Here, we look at some of the potential advantages and disadvantages of cryptocurrencies. The lack of authority can create a chance for crime in the defi space. Cryptocurrencies can be quite difficult to understand — one of the reasons why some countries and regulators continue to shun them.
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Moreover, many payment platforms such as bitpay, square and paypal have started accepting payments in bitcoin and other cryptocurrencies.
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Cryptocurrencies being relatively new to the market (10 years old), lacking in central regulation, and limited in supply makes them intrinsically unstable.
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