• About
  • Advertise
  • Contact
Friday, May 9, 2025
Manhattan Tribune
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
Manhattan Tribune
No Result
View All Result
Home Business

Digital currencies high -risk investment .. How to protect your money? | economy

manhattantribune.com by manhattantribune.com
31 January 2025
in Business
0
Digital currencies high -risk investment .. How to protect your money? | economy
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Al -Jazeera Net Correspondents

1/31/2025–|Last update: 1/31/202501:11 PM (Mecca time)

The global market value of encrypted currencies was 3.79 trillion dollars on January 19, 2025, and the total volume of cryptocurrency trading on that day was only 280.75 billion dollars, according to Forbes.

The iMAC group expects that the digital currency market will reach more than $ 5.5 trillion by 2032, with an annual growth rate of 10.2%.

Millions of people in various countries of the world are accepted to invest in these currencies and deal with them, as it is expected that the number of users in the cryptocurrency market is expected to reach 861 million users at the end of 2025, and it is expected that the rate of spread of users in the world will reach 11.02% in 2025, according to Statista platform.

Trump’s effect

With the return of US President Donald Trump to the White House, the digital currencies are expected to witness an unprecedented prosperity, as Trump rushed before his inauguration to launch an encrypted currency called “Trump

quot; ($ Trump) His wife Melania soon entered the market is also her encrypted currency, which also bears her name “Melania”; (“$ Melania).

The market value of the “Trump” currency “increased to $ 5.5 billion within the hours (Getty)

In fact, he sent the dramatic entry of the Trump family to the field of encrypted currencies shock waves across the global cryptocurrency market.

Within hours of its launch, the market value of the “Trump coin increased

quot; To 5.5 billion US dollars, and later reached at 14 billion dollars, to quickly become one of the 20 largest encrypted currencies in the world.

However, this dramatic entry made observers feel fear, as the phenomenon of Trump is a pivotal moment in the development of encrypted currency markets, as it mixes political influence with speculation of digital assets.

While this may indicate a more suitable organizational environment in the future, it also highlights continuous concerns about market fluctuations and the role of political figures in the future of encrypted currencies.

Perhaps the question that arises is: What are the risks of investing in digital currencies and the caveats of their use?

Before answering this central question, we have to get to know the types of cryptocurrencies and the nuances between them.

Types of cryptocurrencies

The cryptocurrency currencies include several types, each with a different purpose. Below is the most prominent of these currencies:

  • Payment Cryptocurrencies
    Bitcoin is the most prominent form of this type, as it is used as a method of exchange and decentralized electronic money. It is characterized by a limited number of currencies (only 21 million units), which enhances its value as a rare origin. Despite its high safety, it suffers from poor expansion compared to traditional payment systems.
Observers feel fear, as the phenomenon of Trump is a pivotal moment in the development of cryptocurrencies (Getty)

According to a report issued by the Banking Department of Konette, CT.Gov, the use of cryptocurrencies involves legal, security and investment risks, whether in payment or investment. Below is the most prominent of these risks:

The risk of payment using encrypted currencies

  • The absence of legal protection
    Unlike credit cards, coded currency payments do not have legal protection, which means that in the event of an error, there is no official mechanism to recover money.
  • It is impossible to recover payments
    Once a batch is sent in encrypted currencies, it can only be retrieved if the recipient party agrees to return the amount, which increases the risk of fraud.
  • Violation of privacy
    Despite the common belief that anonymous encrypted transactions, all transactions are publicly registered in the blockchain chain, which enables other parties to track the details of transactions and link them to their owners.
Central governments or banks do not support encrypted currencies, which makes their value depending entirely on supply and demand (Stradoc)

The risks of investing in encrypted currencies

  • Lack of government support
    Central governments or banks do not support encrypted currencies, which makes their value entirely depend on supply and demand instead of any official financial guarantee.
  • The absence of bank protection
    Storing digital assets in e -wallets is not subject to the same bank guarantees provided by traditional bank accounts, which increases the risk of penetration and theft.
  • Acute fluctuations in prices
    The value of encrypted currencies can significantly decrease in short periods, as it may lose investments of hundreds or thousands of dollars, overnight.
  • The absence of investment guarantees
    There is no guaranteeing the achievement of profits from cryptocurrencies, and anyone who claims the opposite may be involved in fraudulent operations. Currency fame or celebrity support does not mean that it is a safe investment.
  • The difference in currencies and companies
    Not all cryptocurrencies or companies that are issued are reliable, so it is necessary to conduct intensive research on any currency before investing in it.

Despite the opportunities offered by encrypted currencies, the absence of legal organization, security risks, and price fluctuations make them a high -risk investment, which requires accurate research and severe caution before making any financial decisions.

Krakon supports more than 180 digital currencies, and is considered one of the best reliable platforms (Stradstock)

How to protect your money and avoid investment fraud

According to the North American Securities Directors Association (NASA), cryptocurrencies and digital assets are the biggest threat to investors. To avoid fraud, here are the most important warnings:

Investment fraud signs

Electronic plagiarism
Budgets use fake sites and fake accounts to deceive investors. Always verify the source credibility by researching content, date of establishment and the reputation of the company.

  • Fake customer reviews
    The fraudsters often spread false positive opinions to give credibility to their investments. Beware of statements that promote guaranteed profits, and consult financial experts before investing.
  • Ludiation with fast and guaranteed returns
    The fraudsters are the investors with rapid and guaranteed returns, which is a strong warning sign, as all investments involve risks, and high returns often mean greater risk.

How to trade in encrypted currencies

Although some countries prohibit trading in encrypted currencies, it is possible to invest through global stock exchanges. Below is the 5 most prominent reliable platforms:

  • Binance
    A famous platform offers an Arab interface and support for many digital currencies. It was founded in 2017 and became one of the most powerful platforms globally.
  • Coinbase
    It is the largest medium for bitcoin and ethereum exchange, and supports 32 paper currencies, with 10 million globally users.
  • Kraken
    She got a rating of 4.6/5 according to Forbes magazine, and supports more than 180 digital currencies, and is considered one of the best reliable platforms in the world.
  • Uphold Father
    It is one of the best platforms alternative currencies, as it provides 250 digital currencies and supports paper currency trading and precious metals.
  • Gemini
    I got a rating of 4.9/5 according to Forbes, which is the best stock exchange, and it features strong protection and integrated educational materials for new investors.

To avoid fraud, it is recommended to verify the sources, avoid suspicious offers, and rely on reliable platforms to ensure a safe investment in the encrypted currency market.

Tags: currencies..digitaleconomyHighInvestmentmoneyprotectrisk
Previous Post

Europe shares at standard peak after lowering interest economy

Next Post

Gold records a new standard with Trump’s customs threats economy

Next Post
Gold records a new standard with Trump’s customs threats economy

Gold records a new standard with Trump's customs threats economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Category

  • Blog
  • Business
  • Health
  • International
  • National
  • Science
  • Sports
  • Wall Street
  • World
  • About
  • Advertise
  • Contact

© 2023 Manhattan Tribune -By Millennium Press

No Result
View All Result
  • Home
  • International
  • World
  • Business
  • Science
  • National
  • Sports

© 2023 Manhattan Tribune -By Millennium Press