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Funding a business
Using Cryptocurrencies To Fund Your Business?
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[QUOTE="Kingsley, post: 206049, member: 30278"] There is no doubt that crypto currencies is trying to become the new normal as we can see that the digital space is gaining more dominance in the world today. And according to experts they all agree that crypto currencies has come to stay and will continue to break new grounds. Now on the idea of using crypto currencies to fund a business or using it as a means of base to manage a business could be advantageous and also have a catastrophic effect, reasons been that they system is built on the forces of demand and supply and it doesn't flow in one dimension. This character is what makes it unique in the sense that when the coins are appreciating it is most certain that the business which is getting her funding through crypto wil be successful at that particular point in time. Then if the market should go against the trader as this is the case in most situation as experience has shown that most people going into crypto currency trading are not knowledgeable enough to manage risk and losses. In some case or extreme cases when one is trading on futures one can possibly loss all the asset in the system. And this may lead to the death of the business that is getting her funding from trading. [/QUOTE]
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