Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: team87 on December 27, 2018, 04:53:36 PM
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
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1.I think the most important benefit of crypto currency is the decentralization.They are international and no organisation or government can't control it.So it is safe.2.Easy access 3.Quick and easy payments 4.costs less.
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Another great benefit is, the ability to send funds worldwide, without the need of a trusted party. Important for economic freedom.
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Apart from money transaction, blockchain technology is being used in some places like stock exchanges or by governments.
I understand that you are asking this question as if any dApp is being used actively. I don't know the answer, because I am not using any dApp for now.
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I only use it as a long-term investment and make it easy for me to get daily profits. Maybe the dominant crypto (trader) user does the same thing as me.
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Avaliable to everyone. Since all cryptocurrencies are easily accessed on a decentralized network, anyone can earn cryptocurrencies.
In a nutshell, you may see cryptocurrency is not just of benefit to the wealthy and privileged, it is something that can enhance and simplify the lives of even ordinary people doing ordinary business. It is the way of the future.
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1.I think the most important benefit of crypto currency is the decentralization.They are international and no organisation or government can't control it.So it is safe.2.Easy access 3.Quick and easy payments 4.costs less.
Precisely. Safe and comfortable and easy to use, that's what makes crypto more attractive to many people. And the price changes erratically.
Thank you sebastian.
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First of all the decentralized platform. As well as their is no interference of the government. It is safe , comfortable and easy to use.
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Avaliable to everyone. Since all cryptocurrencies are easily accessed on a decentralized network, anyone can earn cryptocurrencies.
In a nutshell, you may see cryptocurrency is not just of benefit to the wealthy and privileged, it is something that can enhance and simplify the lives of even ordinary people doing ordinary business. It is the way of the future.
Well, that's the simplicity of cryptocurrency that can be owned by various groups. Starting from the lower, middle and upper class. Easy to use and safer from crime, although crimes such as hacking are also still common.
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
crypto is very good for long-term and short-term investments, for benefits of course there are benefits if the crypto is legalized and for that I just wait to be legalized and feel the benefits
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I only use it as a long-term investment and make it easy for me to get daily profits. Maybe the dominant crypto (trader) user does the same thing as me.
As far as I am, traders use short-term investments because they are lazy to wait and want to get a lot of profits, and the HODL will use long-term investments
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Benefit from cryptocurrency usage is huge,anonimity,speed of transaction,low transaction fees, really hard to monitor your transactions from one blockchain to another because they have different structures.for people that are tracking your activity it will be really hard to keep up with transactions on anonymous blockchains it's impossible.
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What I believe is that the cryptos are decentralized, without getting controlled by the bankers, making us not being worry about oneday our money is censored by some parties, that is only just like someone wants to check your body without your consent.
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This technology is very fast and cheap we can do any transaction with very low transaction fee and this is only avialble in cryptocurrency.
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Benefit from cryptocurrency usage is huge,anonimity,speed of transaction,low transaction fees, really hard to monitor your transactions from one blockchain to another because they have different structures.for people that are tracking your activity it will be really hard to keep up with transactions on anonymous blockchains it's impossible.
Perhaps the most meaningful is the low transaction costs, so many people are interested in having crypto. And the price of the cryptocurrency is fluctuating, which makes a lot of people curious to invest and of course want to get profits later on.
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Benefits are big from immediate settlement, accessible for everyone, low fees. For example you can send someone $500K in no time and with low fees, if you go to banks you will need for that few days and 500 authorizations from bank, identification and 1000 complications to do such transaction. :)
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Benefits are big from immediate settlement, accessible for everyone, low fees. For example you can send someone $500K in no time and with low fees, if you go to banks you will need for that few days and 500 authorizations from bank, identification and 1000 complications to do such transaction. :)
You are right, if we go to the bank it will take a long time and confirm beforehand if want to take the money in our account. That is one of the advantages of crypto, which is easy and efficient. Thanks
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That's for sure, besides the security/anonymity, on of the biggest perks of the whole crypto-scene, especially - like the example mentioned above - if it would be about a more eyebrow-raising number, which would surely be noted in internal protocols, etc. Essentially it is all a bit about an improvement of freedom and how we run the world and our social lives. Needless to say, this technology could also be used by criminals or those who want their wealth from the official agencies in a country, but i guess that is always the consequence of real freedom. More chances. more risks.
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You don't need to be confused to exchange money from your destination when you want to transfer money to a different country.
Bitcoin was created as a payment tool to make it easier for everyone to send money or make transactions online.
Cryptocurrency is easy to use because it is decentralized
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
Alternative cryptocurrencies have been created to make our life easier and better. There are many really tough cryptos like TRON, ETH, OmiseGO, DASH.
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Crypto currency is a future of or world,it allows us to use block chain technology and provides the freedom and confidence of the savings.more over it is a good opportunity today to invest money and get far more than on feat markets.
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These are the benefits of cryptocurrency, It enable us to have lower fee, we have access to every one, It decentralized, Identity theft, Immediate settlement, Regconition to universal level. Etc
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
Of course there are many advantages of cryptocurrency, such as transactions can be done easily, quickly, anywhere, anytime, and with low shipping costs.
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That's for sure, besides the security/anonymity, on of the biggest perks of the whole crypto-scene, especially - like the example mentioned above - if it would be about a more eyebrow-raising number, which would surely be noted in internal protocols, etc. Essentially it is all a bit about an improvement of freedom and how we run the world and our social lives. Needless to say, this technology could also be used by criminals or those who want their wealth from the official agencies in a country, but i guess that is always the consequence of real freedom. More chances. more risks.
Basically, everything must be at risk, maybe one of them is in terms of security that might happen hacking often :'(. Fraud and so on. But on the one hand it has significant progress.
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Aside from payments, I am secured from theft because when the robbers declares hold up, they cannot get my money since I have no fiat but only cryptocurrency.
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if I prefer long-term investment and buying and selling continuously (I usually call it "pingpong"). easy to use and fast development, I usually use it for urgent needs
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Crypto can make you have the latest friends, knowledge and technology.
Digital assets are very good if you continue to be patient and hold good coins.
Transparency makes crypto better than traditional transaction systems and all assets will be safe if we have the desire to make remittances in the form of Digital assets
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Crypto there may have the potential for an honest future. future crypto even may are seen from this era were several massive cryptos begin to seem smart this point. bitcoin will simply still visiting be the best among alternative crypto or crypto as ethereum and ripple started will take over by changing into progressively massive.
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The benefits of cryprocurrency is numerous. Being able to send funds around the world easily is one thing that got me interested in Crypto in the first place. Transactions on blockchain takes place easily, quickly within seconds and with low cost of transaction and less stressful. Asides that, it opened one's eyes to the digital world and overall making money opportunities online. It has served as a source of financial stability for many people, something that jobs will never give you, cryptocurrency did it
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
No i don't use cryptocurrencies for payment options daily real of my life because on my place there are no store which accept cryptocurrencies as payment method, more than it on my place cryptocurrencies is ilegal as payment system. But in my personal benefits cryptocurrencies is really good for increase my investment in cryptocurrencies, and cryptocurrencies is good way to protect my values of money because i can take full of control of my whealty in cryptocurrencies.
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I think there are many benefits from krypto, besides getting profits every day, for me it is also good for me to survive in the long term, because the future of krypto is also a longer future.
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One of main feature is anonimation and the fact that you don't have to pass with traditional banking system so for many altcoins fees are very low and transactions are quite fast.
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Aside from payments, I am secured from theft because when the robbers declares hold up, they cannot get my money since I have no fiat but only cryptocurrency.
You're right, that's one of the advantages of crypto. We can be safer and more comfortable by not holding fiat, but we can do almost the same transactions. Maybe one of the obstacles is a hacking account that still often troubles users, especially the security of our own wallets.
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Apart from being an investment, I use my digital assets to make payment transactions, or to buy ICO, like Ethereum that I use to buy ICO and as gas, and every coin that I have has a function that is different from the other coins.
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I do not use my past investments now.They just lie in the wallet losing most of the value and remind me of the mistakes that I made.
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First of all it will allow you to learn lots of new terms, English and knowledge of managing your money.
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Apart from being an investment, I use my digital assets to make payment transactions, or to buy ICO, like Ethereum that I use to buy ICO and as gas, and every coin that I have has a function that is different from the other coins.
That is one of the positive benefits of cryptocurrency. Can make transactions more efficiently. By making a payment transaction, what have you paid for with crypto? Surely you are very satisfied right?
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For me, the coins that I use besides investing and trading are Ethereum coins, I use Ethereum coins in addition to transactions and trading I also use to buy ICO and gas, and also for payments, there are actually many functions that can be used by Ethereum coins, whereas for other coins I didn't pay too much attention, because the number that reached thousands I couldn't monitor everything.
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
I use altcoins in many ways firstly to store that's investment secondly to gift out as a gift and thirdly make some purchase with it and also pay for services with it
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
In my country, it still cannot use for payment to buy daily needs like foods, services, and soon. It just use for daily trading. There are some altcoins that are suitable for daily trading on my local exchanges. It is the only thing that I do with crypto right now.
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Everyone will find its advantages in the crypto industry, but for me it is an opportunity to improve the gaming industry.
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A lot of benefits having cryptocurrency... Now cryptocurrency are using in entertainment, education, building management, traveling, airmail and medical services.
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Cryptocurrencies is not yet recognized globally.
But once it will be, the rapid adoption is possible to start the new history.
The benefits of crypto will be much appreciated when the world is in the situation everybody is using crypto.
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For me personally, the main advantage of cryptocurrency is the speed and price of transfers. I have many relatives living abroad.
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The main benefits of the cryptocurrency are its cheapness and the speed of transactions, which so much captivates everyone.
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Cryptocurrency and blockchain technology has versatile benefits which is beyond contention, apart from getting profits, cryptocurrencies assets is a revolution that is here to stay at the long run..
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The main benefit of using cryptocurrency is feel is that it saves our environment as well as man power. We carry our currency in digital form anywhere very easily without fear of theft and robbery. No doubt today we have seen online robbery as well but that is different issue.
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The benefits of cryprocurrency are numerous. The knowledge gained from being online, how to make profit and I got to know how to go about some technologies, my eyes was exposed to a lot of opportunities. However, the major benefits of cryprocurrency is liberating people from financial burden, crypto made a lot of people rich within a short time. The ability to send and receive funds from one country to another within seconds and low cost fee without regulation is one of the main benefits of cryprocurrency also
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Cryptocurrency assets are a revolution that is here to survive in the long term. Cryptocurrency technology and blockchain have versatile benefits that go beyond contention, in addition to making a profit.
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Currently in my country I can only use Crypto as a digital asset, although it is limited to crypto usage but I have lots of coins for long-term investment and hope that one day it can be used in a supermarket near my home
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To be honest - I do not know yet what advantages this industry carries, but the fact that I want to be a part of it is an indisputable fact.
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I personally believe that all the benefits of cryptocurrency are so far-fetched that it is difficult for us to distinguish what is true and what is false.
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If for the daily transaction, I think I personally don't use or utilize it. Actaully, so far, the benefits of the cryptocurrenies is for gaining more profits and supporting the technology and systems. We can use it for investment and trading to get more profits and get dollars. However, supporting the technology to be better is much more worthy.
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For me, the coins that I use besides investing and trading are Ethereum coins, I use Ethereum coins in addition to transactions and trading I also use to buy ICO and gas, and also for payments, there are actually many functions that can be used by Ethereum coins, whereas for other coins I didn't pay too much attention, because the number that reached thousands I couldn't monitor everything.
Cryptocurrency was made as an alternative way of payment. I mainly use Bitcoin, but ETH is needed to buy erc20 tokens and as gas to do transactions. A great benefit, is, that nobody freeze your funds as in a bank account. For me, the main benefit of cryptocurrency is economic freedom.
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Benefits of cryprocurrencies are much. Investment opportunities and also serves as job opportunities for many unemployed people. The bounties and airdrops done online even pays more than many jobs. The knowledge and learning of new things and technologies through crypto is also a benefit. Above all crypto has made a lot of people rich.
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of course transaction issues are a major factor for me. convenience such as speed, privacy and costs. Cryptocurrency is the solution
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I currently use Cryptocurrency digital assets as an investment, and I have not used Cryptocurrency to transact like paper money. in my country Cryptocurrency has not been legalized, so we cannot use it here for shopping. And we always exchange our Cryptocurrency Assets before using it for shopping. I think Cryptocurrency is very suitable for investment, both for short and long term.
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What I accept as true with is that the cryptos are decentralized, with out getting controlled by means of the bankers, making us not being worry about oneday our cash is censored by means of some events, this is most effective similar to a person wants to test your frame without your consent.
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
In my country, it still cannot use for payment to buy daily needs like foods, services, and soon. It just use for daily trading. There are some altcoins that are suitable for daily trading on my local exchanges. It is the only thing that I do with crypto right now.
Yes, I understand. Indeed, for now, crypto still can't get the maximum it can be used to pay or transact like money. Most people use it for investment and short-term trading.
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Actually, for the real benefits for me, I don't really use it for everyday transaction. I mean that I'm not a day trading, I just trade some coins if there is more times and also good coins to buy at the real time. However, I use the cryptocurrency for investment, this is for long term.
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I think that privacy is very important, that's why I use some privacy coin like Zcash and Verge to make some transactions with my friends.
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The big advantage is that the cryptocurrency is not tied to any state and thus not controlled by it. Convenient international currency.
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Actually, for the real benefits for me, I don't really use it for everyday transaction. I mean that I'm not a day trading, I just trade some coins if there is more times and also good coins to buy at the real time. However, I use the cryptocurrency for investment, this is for long term.
Okay, it's not a friend's problem. Basically everyone has their own plans for using crypto. One of them is investment, with the hope of gaining profits and also the results of some time to come. I hope you will achieve success. Keep up the spirit, the road is still long. :)
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Cryptocurrency can be a way to have a new global currency that has the same value for all countries in the world. People will be easier to send money from a country to another country. In addition, fast transaction and low cost are the other benefits of crypto.
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The main benefit of using cryptocurrency is feel is that it saves our environment as well as man power. We carry our currency in digital form anywhere very easily without fear of theft and robbery. No doubt today we have seen online robbery as well but that is different issue.
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I try to give you my feeling holding crypto even if I dont use them to move value.
Crypto give you full control of the value. You have the keys and no one can stole your cryptocurrencies, differently by holding fiat in a bank.
Indeed in crypto world people suggest to avoid keeping money on the exchanges because suffer the same risks of a bank.
About fees on transactions I think we are far than to be competitive with Visa or Mastercard circuit even if in some Country fees are so high that push to use cryptocurrency to move money.
Finally crypto can be use to move money to the foreign reducing a lot fees on fiat change.
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Cryptocurrency can be a way to have a new global currency that has the same value for all countries in the world. People will be easier to send money from a country to another country. In addition, fast transaction and low cost are the other benefits of crypto.
Indeed, it is a feature of cryptocurrency that has attracted many people throughout the world today. Low transaction costs are everyone's dream. Easier and more efficient. Thank you for your opinion in this discussion.
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The main advantage of the crypto industry is the ability to buy any products and goods without identification.
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I can't even understand what the benefits of cryptocurrencies are, but for some reason people began to love and invest in them.
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The main advantages of cryptocurrency, which forced people to come here, are high volatility and profitability of these assets.
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I can't even understand what the benefits of cryptocurrencies are, but for some reason people began to love and invest in them.
Well, Start loving cryptocurrency, of course there is one reason in it. And that is indeed the reality that exists today, so it's likely that someone entering to know crypto is looking for profits in the future. Thank you.
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The benefits of cryptocurrency no hussle, don't have products involved, no need to recruit somebody to joins your team. You're the boss in your own business, with this forum we already call 'work'.
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
Yes, some cryptocurrencies can indeed be used as payment tools. Nau=mun this is limited to a certain scope. and this is what id is currently fighting for so that mass adoption of crypto becomes more widespread. because in some countries, crypto is illegal if used as legal tender or payment. For this reason, this time, crypto still cannot be freely used as a means of payment.
And right now, to be honest, the focus of crypto is to get profits. either through long term investment, short term holding, trading, scalping, and several other activities that can generate profits. And each of these has its own risks. So we don't need to worry about what happens in crypto
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The benefits of cryptocurrency no hussle, don't have products involved, no need to recruit somebody to joins your team. You're the boss in your own business, with this forum we already call 'work'.
Bitcoin is not a job, it's not going to make anyone rich it's just a tool to reach your financial independence that can do a lot better from the crooked fiat that lose its value all the time due to inflation.
I would like to rephrase, you are your own bank which means no intermediary and no commission to pay for your payments, every payment you receive will be settled instantaneously and all that is required is just one confirmation.
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All the currencies in the market are included in crypto currency and all the exchanges in the market are for crypto currency but we have got the opportunity to use other currencies including bitcoin. Bitcoin use, Bitcoin investment, Bitcoin transactions, all the benefits that we get with all other coins in the market, or trading or investing through crypto currency, everything is possible for crypto currency. Since everything crypto related is included in crypto currency then surely all its benefits can be considered as benefit of crypto currency.
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The benefits of cryptocurrency no hussle, don't have products involved, no need to recruit somebody to joins your team. You're the boss in your own business, with this forum we already call 'work'.
You didn't need to raise back a dead thread for your response, you should at least see the date of the last post before you go ahead and make a post in the thread.
Anyway, I don't understand how you are bringing products and recruiting in this topic, but I believe you mean that a person doesn't need to use a product or refer others to earn money with Bitcoin which is true but you need to understand that it is not as simple as it may sound.
One of the most prominent benefits of cryptocurrencies, as said by someone else as well, is that they are volatile which makes them profitable for those who buy and sell them either for the short or long term, but it requires one to have enough knowledge to be able to do that.
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You didn't need to raise back a dead thread for your response, you should at least see the date of the last post before you go ahead and make a post in the thread.
This user already has seven negative karma for similar reasons and possibly some other offenses he does. He has a plagiarism strike as well. I am not sure what is he trying to do with this account. If he plans to join some campaign in the future, this is not going to happen. But if he is here just to learn more about crypto currency and technologies, then I don't think he cares about the negative karma and the plagiarism strike.
Unfortunately, he is not the only user I have seen so far. There are several more users. But the good news is, most of them has some strikes and received deserved punishment for their work.
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One of the most prominent benefits of cryptocurrencies, as said by someone else as well, is that they are volatile which makes them profitable for those who buy and sell them either for the short or long term, but it requires one to have enough knowledge to be able to do that.
More precisely, crypto has high volatility resulting in fluctuating prices, well these fluctuating prices can be used for traders to make profits faster and also depend on whether the trader is able to read the market or not.
Cryptocurrencies can generate huge profits and vice versa, the risk is also great and for those who just enter without having enough knowledge then it will be very risky.
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
Cryptocurrency has been more of a benefit in areas where traditional fiat has failed, although I still use both due to the acceptance factor that is still very much in place in my country. Here are a few benefits which I will also explain: Decentralization, Uptrend (price increase), and the Ability to be swapped with ease.
Decentralization: the absence of middlemen is quite interesting as transactions aren't limited to any part of the world. Certain payment services are restricted to certain countries due to reasons that seem right in the eyes of the company in charge, restricting every transaction involving those countries from other countries that use it. Cryptocurrency has, of course, broken that barrier, as one doesn't have to go to the bank and write a letter explaining why he/she is making a transfer to a country overseas.
Uptrend: for me, is the best beneficial factor. When the price of any project is doing well, I can easily cash out a decent amount and use it for something important, knowing fully well that my investment is still intact for the moment. The ability to appreciate shows a great benefit.
Ability to be swapped: unlike going to the bank to swap for another currency, cryptocurrencies and their kinds can be swapped for one another at any point in time.
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Sometimes I often use cryptocurrency for online payments for several shops that accept payments using cryptocurrency. It's true that not many shops offer payment with cryptocurrency, but it makes it easier for me without having to further risk the credit card I have.
For international payments using cryptocurrency, it is easier and more fun by far. In fact, it doesn't require a lot of document requirements to be able to get the items we want to buy. The mechanism is different if you use VISA or MasterCard, with cryptocurrency transactions between countries and at any time, it feels much easier.
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For international payments using cryptocurrency, it is easier and more fun by far. In fact, it doesn't require a lot of document requirements to be able to get the items we want to buy. The mechanism is different if you use VISA or MasterCard, with cryptocurrency transactions between countries and at any time, it feels much easier.
Yeah sending money in and out of the country without having to pay sum crazy charges or going through some stressful processes in other to send money internationally happens to be one of my favourite things about Bitcoin and Crypto.
Unlike in the past when I wasn't yet exposed to Bitcoin, sending money to another country was one of the most stressful things I have ever done, because asides the gigantic charges I'll have to pay to ensure the money gets to the destination, I'll pass through some stressful processes nad it's not even as fast as using crypto.
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
Investment to cryptocurrency some times highly profitable and some times it were loss. But if anyone invest for long time in good currency then he will be profitable i strongly believe it. Some times it profitable for short and some times it profitable for ling time.
If you trade for short time it will be risky for you. So my advice as a new member you should invest for long time. It will be perfect for you i think.
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Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
Investment to cryptocurrency some times highly profitable and some times it were loss. But if anyone invest for long time in good currency then he will be profitable i strongly believe it. Some times it profitable for short and some times it profitable for ling time.
You're right.
Like every other investment, cryptocurrency investment carries risks of losses too and that it why it's always advisable to first conduct an extensive research before diving in. A lot of people are inside the crypto space not because they really understand how the market works but because someone else told them that cryptocurrency is very profitable.
Yes it's sure is profitable but only when you really understand how to navigate around the market.
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Cryptocurrency investment is not too easy, it is veey risky and unpredictable. But it also has some good things. Many people become self sufficient from cryptocurrency. Even huge people has been economically established from cryptocurrency. So i think cryptocurrency has huge benefitesd for is.
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Cryptocurrency investment is not too easy, it is veey risky and unpredictable. But it also has some good things. Many people become self sufficient from cryptocurrency. Even huge people has been economically established from cryptocurrency. So i think cryptocurrency has huge benefitesd for is.
That's right, the emergence of cryptocurrency has indeed opened our eyes to so many possibilities and opportunities, now there are many ways people can earn via cryptocurrency at the comfort of their homes.
Especially in countries that lacks sufficient job opportunities for its residents, people can no longer depend on the government to provide jobs for them, instead they'll turn to cryptocurrency opportunities and make a healthy living from it without having to get themselves in anything illegal before they can make a living.