Posted by HeatonHatter on 9/4/2020, 10:25 am, in reply to "Cryptocurrency"
As I understand it, you get a complete ledger for all transactions so it's actually much safer than traditional currencies in that respect, and also because there's no central bank controlling its interest rate and supply, its much less open to corruption.
The downside is there's very low liquidity compared to traditional currencies. The vast majority of bitcoin is sat on people's hard drives and will be for years. Therefore it doesn't take big changes in demand to massive affect the value, and therefore it can be manipulated by people with enough capital.