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What Is Cryptocurrency

One major advantage when converting money into crypto is that it allows investors greater flexibility when diversifying their portfolios across different asset classes; this makes them less vulnerable if one market crashes while others remain stable during times of economic uncertainty since investors would still have exposure elsewhere within their portfolio holdings rather than all eggs being placed in one basket alone (i.e., only investing in stocks). On the flip side, there are risks associated with investing in crypto due to its volatility – prices could drop significantly overnight leaving investors out pocket if they had not hedged against any potential losses beforehand via stop loss orders etc. Additionally, because many countries do not yet recognize cryptocurrencies legally speaking, there may be tax implications involved too depending upon where someone lives so it is important to check local laws prior regarding taxation matters related specifically towards investments made within cryptos markets before proceeding further down this route personally.

What Is Cryptocurrency