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

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In the modern era,

crypto

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money becomes the most popular lucrative investment because its

market

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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

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with, A colossal amount of

crypto

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listings in the

market

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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

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, In social

media

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influence online currencies

such

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as Elon Mask is a role model.

According to

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social

media

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power

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,power

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individuals may earn colossal amounts of funds. Alongside, some

people

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do not on

rely

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onrely

uponrely

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these kinds of social

media

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

people

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

crypto

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may collapse suddenly.

Moreover

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

For instance

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, numerous

people

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

However

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, many studies show that those failures deteriorate their mind

thus

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this

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problem may erupt in family welfare.

Additionally

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, a vast of online currencies are unreliable

due to

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

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Subsequently

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,Subsequently

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they vanish from the

market

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. In conclusion, the

crypto

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market

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is user-friendly and money transactions are

pace

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a pace

show examples

Also

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, a vast of

people

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use social

media

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

However

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besides

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

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

4 paragraphs

302 words

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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?

Many people around the world use social media every day to keep in touch other people and get new events. Do you think the advantages outweigh the disadvantages?

Nowadays people are having more fast food. What are the advantages and disadvantages of this trend?

Today more countires import food from different parts of the world. Discuss the adventages and disadvantages of this trend. Provide specific reasons and examples to support your answer.