Lam
Over the past few years, Bitcoin is a hot topic for investment. Be more specific to talk about this topic, People speculate Bitcoin like gambling. It increases almost 10 times since few years ago. In my opinion, Bitcoin might be a new investment direction because it has edges in the currency system of the world. However, it will become a bad investment tool if there is a large-scale speculation in the investment market. On the other hand, the deal of cryptocurrency is the internet. In the internet, the biggest and largest risk is the privacy problem. The cryptocurrency system need to enhance and ensure the safety of the system. Otherwise, hackers can invade into the system and steal the invaluable digital currency. In conclusion, Bitcoin is a new investment topic. The concept of cryptocurrency is good. Behind the good idea, it involves a lot of risks, such as privacy and internet safety problem. When an investment tool becomes a speculation direction, it is very dangerous because cost of the investment is very high.
Sep 29, 2021 12:30 AM
Corrections · 2
Over the past few years, Bitcoin is a hot topic for investment. I'd like to be more specific discussing this topic: People speculate with Bitcoin like gambling. It's value increased almost 10 times since a few years ago. In my opinion, Bitcoin might be a new investment direction because it disrupts the currency system of the world. However, it will become a bad investment tool if there is large-scale speculation in the investment market. On the other hand, the marketplace for cryptocurrency is the internet. Therefore, the biggest and largest risks are privacy problems. Cryptocurrencies need to enhance security and ensure the safety of users, otherwise hackers can invade systems and steal the invaluable digital currency. In conclusion, Bitcoin is a new investment topic. The cryptocurrency concept is good. Behind the good idea there are a lot of risks, such as privacy and internet safety. When an investment tool becomes overly speculative, it is very dangerous because the cost of the investment is very high.
Great first draft. I'd say a high investment could be justified/protected if backed by an asset (eg equity share), debt (eg fixed income bond) or a reputable institution (eg a regulated bank). Crypto is unbacked, valuations are purely hype, early adopters often get lucky but rely on new investors to keep the bubble inflating. However, blockchain is fascinating tech to decentralise control, especially in non-profit applications.
Sep 29, 2021 8:01 AM
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Lam
Language Skills
chinese(Cantonese), Chinese (Taiwanese), English
Learning Language
English