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They make it very convenient to transfer funds between two parties.
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Although the tax is there. Why do people buy cryptocurrencies? Why people are so obsessed with bitcoin: People with a higher tech literacy are 9% more likely to own cryptocurrencies. Investing in cryptocurrency is risky, but investing in only one is way riskier.
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Despite the risks, it has many benefits that make cryptocurrencies more lucrative in the money markets.
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