Online currencies have become more common in recent years Why is this? Is this positive or negative development?

In the modern era,

crypto

money becomes the most popular lucrative investment because its

market

values are opened the whole day and it is provided to exchange anytime those who want to invest. In my opinion, online exchanges have benefits and drawbacks,

To begin

with, A colossal amount of

crypto

listings in the

market

and society may prefer to buy various currencies. Those cryptos are imbalanced and they may lucrative for a short-term period. As an illustration, If the investor would like to buy currency, the transaction process is very simple because mobile applications provide accelerated service and a user-friendly app system.

Furthermore

, In social

media

influence online currencies

such

as Elon Mask is a role model.

According to

social

media

power

Add a comma

,power

show examples

individuals may earn colossal amounts of funds. Alongside, some

people

do not on

rely

Add the preposition

onrely

uponrely

show examples

these kinds of social

media

humour and they can analyse on their own. Despite of above benefits, there are several negative things that

people

should avoid them. First and foremost, those kinds of ventures are inappropriate for risk-averse individuals, because the chosen

crypto

may collapse suddenly.

Moreover

, It may have a negative effect on an individual's psychology.

For instance

, numerous

people

foster investing their money in order to get rich in the short term period.

However

, many studies show that those failures deteriorate their mind

thus

this

problem may erupt in family welfare.

Additionally

, a vast of online currencies are unreliable

due to

fraudulent affairs. They create currency and provide an impression for their investor,

Subsequently

Add a comma

,Subsequently

show examples

they vanish from the

market

. In conclusion, the

crypto

market

is user-friendly and money transactions are

pace

Add an article

a pace

show examples

Also

, a vast of

people

use social

media

in order to trace their currency and it consists of solidarity.

However

besides

of benefits, it is inappropriate for risk-averse persons and may cause mental difficulties.

Submitted by erdinc.keserli on Thu Mar 02 2023

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Essentional vocabulary list for IELTS Writing 7+

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14Linking words
meeting the goal of 7 or more
4Word repetition
meeting the goal of 3 or fewer
4Grammar mistakes
 

4 paragraphs

302 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 6.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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Topic Vocabulary:

Digital wallet
Decentralization
Cryptocurrency
Blockchain
E-commerce
Fiat currency
Financial inclusion
Cross-border transactions
Volatility
Smart contracts
Decentralized Finance (DeFi)
Mining
Energy consumption
Pseudo-anonymous
Regulatory challenges
Financial privacy

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Online currencies have become more common in recent years Why is this? Is this positive or negative development?

Essentional vocabulary list for IELTS Writing 7+

In many countries, children are engaged in some kind of paid work. Some people regard this as completely wrong, while others consider it as valuable work experience, important for learning and taking responsibility. Discuss both those views and give your own opinion.

Some people believe that money for education mainly be spent on better computers while others believe it would be better on teachers. Discuss both views and give your own opinion.

Nowadays many people believe that children should be taught history in schools, however, others argue that children should learn subjects that are more helpful for modern everyday life. discuss both views and give your opinion

Scientific research should be funded by governments rather than commercial organizations. To what extent do you agree or disagree?