l FAQs Archive - Page 13 of 16 - CryptoCurrency Complete Guide

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Can cryptocurrency change the world?

Cryptocurrency can change the world in its own sphere i.e. the financial sector but it is the underlying technology (blockchain) that may change many more things in the world. Blockchain may be used for 1000s of applications....

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Can cryptocurrency be insured?

Yes, cryptocurrency can be insured, but generally (and currently) this is only available for institutional investors and currency exchanges, not for individuals. There are a few insurers such as Mitsui Sumitomo Insurance, Chubb,...

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Can cryptocurrency be shorted?

Yes, cryptocurrency can be shorted. This can be done via a cryptocurrency margin trading platform. Different strategies can be used for this including betting, future and prediction markets, and margin trading. However, one...

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Can cryptocurrency be sold for cash?

Yes, cryptocurrency can be converted and sold for cash (also called “fiat” currency) using an exchange service such as Coinbase. This is very common. Those exchanges allow one to convert their digital currency into fiat...

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Can cryptocurrency survive?

While cryptocurrency, in general, will probably survive, not all coins will survive in the long term. The survival will greatly depend on the widespread adoption and acceptability of the coins as methods of payment and/or...

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