Since the COVID-19 pandemic has spread throughout the world, it has become difficult for people to carry out activities outside the home. This, of course, makes it difficult for some people who do have interests outside the home, such as paying for transactions or buying items.

Due to conditions like this, digital money is increasingly booming or widely used. There are more and more types of digital money, and the users who often use it are the younger generation now, which can make it easier for them to make transactions, whether used to transfer money between banks or used to pay for goods — either online or on credit.

Learn About the Negative Impact of Crypto

Many shops, such as clothing, food, electronics, cellphone shops, and online shops, also use digital money by using a QR code on the application used to pay. When viewed from my point of view as a young generation, of course, the existence of digital money is very helpful in several urgent activities.

As technology develops, economic development in the current era is also growing.

It can be said that almost 80% of people, especially the younger generation, are directly involved in digital money.

Currently, we can see that cryptocurrency is booming in the world’s economy. Where this cryptocurrency is said to be one of the payment instruments and the next investment instrument. Many countries have used crypto as a means of payment.

Negative Impact Of Cryptocurrencies

But the impact of the existence of crypto itself is also feared to harm today’s young generation. The impact that could occur is the mental disturbance of the younger generation because they often face drastic ups and downs in the price of 1 bitcoin coin which only takes a matter of minutes or even seconds. In addition, it can also cause the younger generation to become closed or introverted individuals.

This is because they often see or check the ups and downs of grades every time which makes them less able to socialize with those around them, and also do all activities instantly or online.

For example when they want to eat, in the younger generation they only have to order online at online application and then just waiting for the food to come, no need to cook or buy groceries first. This is what fears the impact of digital and crypto money on today’s young generation.

And here is the negative effect that will come from cryptocurrencies, for those of you who might not know about it yet, we will explain a few negative effects of crypto.

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Very High Price of Fluctuations

Become one of the quite negative impacts of cryptocurrencies. in the crypto world, high price fluctuations are common, and this is one of the bad effects of crypto that you can find.

It’s better if you don’t have crypto as a money seeker, because indeed at this time, crypto can be said as something that cannot provide maximum profit, and this is dangerous if it is done by people who lack literacy and information.

Mental and Psychiatric Disorders

One of the bad and negative impacts that come of cryptocurrency is that it can cause mental and psychiatric disorders. a lot has happened, and this is something quite terrible that can happen as a result of crypto itself.

Become a Medium for Money Laundering

This is a real impact, and it is happening. With crypto, money laundering can be done much more easily. This can be very bad for the country’s economy, and of course, it is something that must be avoided.

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