Beside trading, what's the point of cryptos for ordinary people and businesses?

[Uruhara]

Apart from trading, ordinary people can become a holder in the crypto world, buying coins and holding them for a long period of time. If they have the skills as a developer, they can also do it. I am not an ordinary person anymore but someone who already has knowledge and experience in the crypto world, they are called an expert.

Apart from trading and investment, crypto is now also adopted in RWA. And if we speak for ordinary people. In fact, crypto has also been adopted in the gaming industry, and yes, we know that there are many games played by ordinary people that can earn money thanks to crypto. And governments have also used blockchain for the CBDCs they develop. So sooner or later everyone will feel the benefits of crypto, even those who don't know how to trade and invest in crypto.

[Fivestar4everMVP]

Traders, investors and crypto people in general - like the users of this forum - can use cryptocurrencies in order to make money... Ok
Financial institutions and companies can use cryptocurrencies for quicker and cheaper transfers... Ok

But for teachers, nurses and pensioners, for the grocery store at the corner, the shoes shop, the restaurant, the car repair shop... for these people and businesses what are cryptocurrencies good for? What could cryptos be good for?


They are not night traders. They have no idea what Binance and Coinbase are and they not even think about trading cryptos.
Ordinary people.

What's the point of the existence of cryptocurrencies for them?

How can or could cryptocurrencies serve them?

Sorry to say but this is a very noob question to ask, and if I must answer, I would simply say that crypto currencies benefit every one and anyone who cares to key into it, crypto currency serves everyone, both the set of people you mention, they can not only trade crypto currency as a side hustle for extra profit aside the ones they make from their place of work or business, but they can also integrate crypto currency payment system into their business, allowing their customers more payment options from their goods and or services.

The teachers, the pensioners and so on, who receive salary or renumuration on monthly basis, can make a plan to invest part of that money in crypto currency, which will serve as an investment for them for future profits.

In the nutshell, crypto currency is not for a particular group of set of people, crypto currency is for everyone, anyone who decides to key into crypto will make money from it, as long as he or she knows what he or she is doing - it's that simple.

[bitterguy28]

Crypto is nothing to do with them not until they wanted or they have found this , imagine you are asking bitcoin to come to them? but all of us here started to have engagement when we decided to started depositing and spending.
but we can see those altcoins that targeting these areas guys , some for medical services and others for all areas.

[bettercrypto]

Traders, investors and crypto people in general - like the users of this forum - can use cryptocurrencies in order to make money... Ok
Financial institutions and companies can use cryptocurrencies for quicker and cheaper transfers... Ok

But for teachers, nurses and pensioners, for the grocery store at the corner, the shoes shop, the restaurant, the car repair shop... for these people and businesses what are cryptocurrencies good for? What could cryptos be good for?


They are not night traders. They have no idea what Binance and Coinbase are and they not even think about trading cryptos.
Ordinary people.

What's the point of the existence of cryptocurrencies for them?

How can or could cryptocurrencies serve them?

Most of what you mentioned is true; most of them have no idea. But there are a few people there who are familiar with crypto or bitcoin, and others may also know something about bitcoin or may even be part of it where we are.

And there are also a few merchants who are known and know something about bitcoin or crypto; that's why there are others who include bitcoin or cryptocurrency in their business as an option payment.

[Gurujebs]

Apart from trading, you can use your crypto to gamble and make more crypto profits. For instance, if you have some Bitcoin you have been keeping idle for a while, you can decide to use some to gamble, that's if you know how to gamble. Instead of using fiat to gamble all the time, you can just gamble with the Bitcoin you have and this can get you more Bitcoin if you know how to gamble very well. The advantage of doing this is more appreciable when you do it in a bear market because you will earn big value of Bitcoin and when Bull run comes, you will make more profits, this is one of the ways you can utilize your coins.

[Peter90]

It think what the OP is trying to point out is for those who haven't heard crypto or at least have businesses, ordinary people who are not technically inclined.

Yes

then if they are not aware then, we can't do anything about it.

... not so fast! 


Let's make an example: the fruits & vegetables street seller.
He has no idea what PayPal is and how it works, but he can accept payment through PayPal.
He has his smartphone and have a PP account.
Maybe his daughter helped him to open the PP account and installed the app for him on his smartphone.

So, let's replace PayPal with cryptos.
In order to accept cryptos as payment, he doesn't need to be a crypto trader, right?
So, my question, is there some benefit for him from accepting cryptos?

[Jamal Aezaz]

I think you should first learn how to trade correctly because, with trading, you can lose money instantly and also get instant profits. Trading requires a lot of patience to get maximum profits; without patience, it will be very difficult to control emotions. Usually, when prices fall suddenly, you might get emotional and make the wrong decision.

Emotions are easy to control if you have experience otherwise it is difficult for newbies to minimize their loss. Trading is highly hazardous field and you will only get success when you spend years to learn and then enhance experience by bearing loss of some money at start.

If someone is so emotional that he cannot tolerate down prices then it will be better to initiate investment and if you learn well and realize that controlling your emotion is very necessary then turn towards trading.

[doc]

Apart from trading, you can use your crypto to gamble and make more crypto profits. For instance, if you have some Bitcoin you have been keeping idle for a while, you can decide to use some to gamble, that's if you know how to gamble. Instead of using fiat to gamble all the time, you can just gamble with the Bitcoin you have and this can get you more Bitcoin if you know how to gamble very well. The advantage of doing this is more appreciable when you do it in a bear market because you will earn big value of Bitcoin and when Bull run comes, you will make more profits, this is one of the ways you can utilize your coins.

I'm not a gambler, so I will choose hold and trade as my way to profit from bitcoin or altcoins. but it's nice to read your explanation about gambling, unfortunately I don't have any expertise in the world of gambling.

[IvugeoEvolutionCoin]

I'm not a gambler, so I will choose hold and trade as my way to profit from bitcoin or altcoins. but it's nice to read your explanation about gambling, unfortunately I don't have any expertise in the world of gambling.

That's right, it's better that you never try gambling because it has very high risks and you also need quite a long time to always look at gambling places, it's better to do trading without having to look at market conditions.

[Peter90]

Apart from trading and investment, crypto is now also adopted in RWA. And if we speak for ordinary people.

YES!!!
Tokenized real-world assets (RWAs), blockchain-based digital tokens representing real assets: Commodities. Real estate. Gold and silver.
This is probably what I was looking for.

So, let's take as example a token representing real estate, e.g. a building.
What could be the benefits of such a token?
What is it good for?
What is its add-on value?

[LUCKMCFLY]

I see that for ordinary people they see cryptocurrencies as a way to make money, there is no other way, that they can simply establish something that can be very necessary to implement as a savings, businessmen also, to be honest, there is no There are many people I have spoken with and they are not interested in crypto nor do they know it, so when I talk to them only about bitcoin, it seems expensive to them, but it is because they do not have that culture that they can see it as the best investment in the world .

In this aspect things can be very different, according to each person's criteria, because it may be the case that they want to see this as something good and that it will be for the future of their lives, it is not for everyone, you have to have the conviction that this will be for the future, and that if you invest in bticoin or any other crypto then there will always be risks.

[Report]

It seems to ordinary citizens that cryptocurrency is only intended to make a profit because the price can rise in a matter of hours. This change maybe less than 1 hours up and down super fast in crypto market.
When I first learned about cryptocurrency, I was just looking for profit because I was tempted by the cheap price of Bitcoin and now it is very expensive. The essence of all this is that I personally only seek profit and nothing more than that.

[Mr. Allcrypto]

Technology advancement has made it so easy and accessible for everyone to participate on crypto, these days now most of those common people are now into crypto and it has helped there life in different ways.
If the common people are being educated about crypto and how it works, then they can involve and see the importance of it. I have a friend who is a pharmacist, and speaking of crypto he is even doing better than most people in my area, he is even one of my mentors in crypto trading.

[doc]

Technology advancement has made it so easy and accessible for everyone to participate on crypto, these days now most of those common people are now into crypto and it has helped there life in different ways.
If the common people are being educated about crypto and how it works, then they can involve and see the importance of it. I have a friend who is a pharmacist, and speaking of crypto he is even doing better than most people in my area, he is even one of my mentors in crypto trading.

Maybe we will be more experts in the world of crypto if we want to learn, this will take a long time. But many people are starting to learn crypto and become professional traders. it is the value they achieve from learning crypto, especially becoming a professional trader.

[SmartGold01]

Technology advancement has made it so easy and accessible for everyone to participate on crypto, these days now most of those common people are now into crypto and it has helped there life in different ways.
If the common people are being educated about crypto and how it works, then they can involve and see the importance of it. I have a friend who is a pharmacist, and speaking of crypto he is even doing better than most people in my area, he is even one of my mentors in crypto trading.

Maybe we will be more experts in the world of crypto if we want to learn, this will take a long time. But many people are starting to learn crypto and become professional traders. it is the value they achieve from learning crypto, especially becoming a professional trader.

Not everyone must become a trader or a crypto trader just having the idea of crypto gives them upper hands to be digitally inclined and can make wise decision on the area's of their investment. They can pick interest to invest in cryptocurrency, after having the basics it's requires them to know. Overly, those who involves themselves digitally are always separate from real word investors, their reasoning and ways of life can't always be equate.