Hello to all hive users 🙏🙂👍
Hope you all are healthy and doing great in your life 😇
Ever since the time of crypto currency, you must have heard about decentralization and many people like you must be well-acquainted with decentralization. People who will be transferring cryptocurrency exchange purchases in it will be well aware of what are the advantages and disadvantages of decentralization. If we look at the biggest advantage of decentralization, then more profit is expected in it, because it is not controlled by any government, then it is seen many times that the crypto currency you are investing on will completely lose its current value. If you have bought that crypto currency at a very low price, then you can get more profit from it, but on the other hand, if we see the biggest disadvantage of decentralization, then the disadvantage is that the way the price is very high. In the same way, it can also go down a lot, if we see the examples of the last several years, then there were many such crypto currencies, whose prices had fallen drastically and many people had suffered a lot of loss, the government system is not in control. So your money is not safe in this. On the other hand, let's talk about centralization, the best example is the banking sector, we invest in the banking sector as well, because there the interest rate may be low, but people have the hope that their money is safe. Those who want more profit, they invest their money on other government schemes also because there are many government schemes which give you a lot of benefits after a long time, so many people like to invest here too.
If seen, the way people have the ability to take risk, they invest their money in the same way, if people expect more profit, then they prefer to take more risk and many times more because of which they There is also more profit and sometimes due to taking more risk, they can also suffer loss because it is not necessary that the person who takes more risk always earns more profit. If I talk about my personal experience, then I will tell the truth that I do not have the appetite to take much risk, so even if I want to invest my money, I will use a centralized form only because my earning is very less and If ever for this reason I have invested somewhere where my money is at risk, then I will not be able to recover that money and then later I will have to repent, so I do not have the capacity to take much risk. Even if I invest money in the share market, then I use the medium of cash and carry, because there is a hope that even if the price of the shares you have bought today may decrease, but it is very possible that in the future I can pay the price of those taken shares and it is also a good option for a long term investment and many times it also happens that if we buy shares instead of depositing money in the bank, then we have to invest in it for a long time. Later there can be a good profit which is much more than the fixed deposit of the bank.
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By the way, if we talk about banking sector, then high interest cannot be neglected there, but your money is safe, on the other hand, if we talk about decentralized platform, then if it is improved a little bit, then I think it can be a very good option for the people because as you will know that Hi gets 20% interest every year, which is much more than a savings or fixed deposit in a bank. But still there are very few people who would be investing on it because first of all people do not have much knowledge about decentralized platform and secondly there is no one to control this thing, so if reliable government body comes forward and take control over these things and give confidence to the public, then I think many people can use decentralized platform to invest their money because here people will get to see more profit.
Thanks for reading till the end 🙏
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