What does the first sentence mean? I can’t connect the meaning of mass adoptable with cryptocurrency.
Thank you.
What does the first sentence mean? I can’t connect the meaning of mass adoptable with cryptocurrency.
This is my understanding
cryptocurrencies are volatile → their value keeps on changing
fly-by-night nature → their value may go as low as 0
If anyone finds this wrong, do correct my interpretation.
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Volatile means something which disappears easily and doesn’t stay for very long.
The definition of a fly-by-night is an unreliable person who is generally not known and who cannot be trusted. [Source - Google]
If cryptocurrency is the above 2 things, mass adoption will be hindered/discouraged.
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Hi,
Investing in cryptocurrencies might be a risky affair, owing to their volatility. Therefore, it makes it difficult for people to adopt them readily as compared to other safe alternatives, such as fixed deposits.
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