~These group that you call ordinary people can also take advantage of the uses of crypto. They can earn from trading and transfer their funds quicker and cheaper too but the problem is they have use it first. How good is crypto and how could it serve them if they do not adopt it? It's like you are asking how a cup is useful to a person who prefers to use his own hands to drink.
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?
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?Most crypto ethusiast believes that you must know how a particular crypto work and every protocol that guides it, before making purchases or whatsoever. If this ideology is to be followed, then certain people like the nurses, teachers and pensioners won't find it neccesary.
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?The reality truth is that whoever that is not ready to trade or invests on the crytop doesn't have to receive payments through the crytop alternative means of payments/transaction because of its volatility potentials which has the tendencies of depreciations or appreciations in no given of times which could cause them lost of depressions but would only be excited of it when the transactions was either not count looses or their is an increment of the transaction which proffers the affirmed mentioned individuals an excitement.
Not all cryptocurrency have same function as Bitcoin. Blockchain itself can be applied by this so called ordinary people in their professions. Blockchain helps stores data and we can deny that all profession makes use of various data's. Crypto like ethereum were not created as a means of payment. It can be used to create smart contracts or tokens which various profession can use as a reward mechanism in respect to job performance.It is true that not all cryptocurrencies can be used for all of life, but if Bitcoin is used for work, then it is very dangerous because Bitcoin price movements are unpredictable and very volatile, making the exchange rate unstable, and it seems less suitable if used for a payroll system because the fear is that when there is bad news, the price will easily collapse and the exchange rate will fall so that employees cannot get the appropriate exchange rate.
In a nutshell, Cryptocurrency can be applied in all jobs but only few have adopted it. Due to its complexity in some cases and the lack of awareness by various individuals about cryptocurrency. Even while talking about Bitcoin, it was created to make an ordinary individual be their own bank. So we can see that they can apply it either as a store of value, means of payment (speed worse than fiat) or for investment purpose. Nobody said a teacher or nurse can't invest.
These group that you call ordinary people can also take advantage of the uses of crypto. They can earn from trading and transfer their funds quicker and cheaper too but the problem is they have use it first. How good is crypto and how could it serve them if they do not adopt it? It's like you are asking how a cup is useful to a person who prefers to use his own hands to drink.
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?
~That was my intention. Separate the two.
"They can earn from trading and transfer their funds quicker and cheaper..."
Let's keep trading and transfer separated, then I can play with that thought (because in order to take advantage of quick and cheap transfers offered by cryptocurrencies... people don't need to learn to trade, they don't need to become traders).
So, this is where I agree with you: ordinary people - e.g. businesses - can profit from quick and cheap transfers.I'm not so smart myself but I'll share the little things I understand.
Ok, but since I'm not very smart, let me ask: how specifically? Could you make an example?
How could a shoes seller profit from crypto's quick and cheap transfers?
Ok, but since I'm not very smart, let me ask: how specifically? Could you make an example?If you're talking about on-site transactions, probably not that much. But for international transfers, crypto could help them reduce the fees on payment processors. If that's not suitable for them then there's really no need to force it. At the end of the day, just because one or two groups don't benefit from it, doesn't mean others won't find crypto helpful too. Especially for businesses like VPN services, digital arts, or similar stuff where sellers usually don't meet up with buyers.
How could a shoes seller profit from crypto's quick and cheap transfers?
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?
So, this is where I agree with you: ordinary people - e.g. businesses - can profit from quick and cheap transfers.I'm not so smart myself but I'll share the little things I understand.
Ok, but since I'm not very smart, let me ask: how specifically? Could you make an example?
How could a shoes seller profit from crypto's quick and cheap transfers?
Shoe seller scenario:
1. Cheap transfers mean lesser expenses compared to traditional banking processes. I think that's enough.
2. Quick transfers could mean more time saved and faster product turnover. A bank transfer could take 3-5 days to clear while crypto (XRP for example) could be processed in minute/s. So imagine if the seller buys new items/stocks and doesn't have to wait for days before his payment is received by the shoe manufacturer, his orders would arrive earlier than usual, and possibly sell them sooner. The time saved could result in higher monthly sales/revenue.
If you're talking about on-site transactions, probably not that much. But for international transfers, crypto could help them reduce the fees on payment processors.
Especially for businesses like VPN services, digital arts, or similar stuff where sellers usually don't meet up with buyers.
Personally, I use crypto to buy my entertainment needs. I pay stuff like online gaming subscriptions with crypto, top-ups, gift cards, etc. I believe the sellers also find it a good option for them since they keep the option there.
I will give my personal opinion, with explanations.
Until cryptocurrencies are officially recognized as a means of payment, as we understand, there will be no direct benefit in daily use.
I will give my personal opinion, with explanations.
Until cryptocurrencies are officially recognized as a means of payment, as we understand, there will be no direct benefit in daily use.
I think you killed the thread! ;D ;D ;D
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?This will basically depend on each individual. Even the crypto business does not limit anyone who can enter it, regardless of whatever profession. being a teacher doesn't mean he's not a cryptocurrency trader or investor. Likewise with other professions. In fact, if they were involved in an exchange, wouldn't that be better because it could increase their professional income, which may still be very small? not for direct transactions but for investing or short term or long term or trading even though it is not night trading. So it's not based on who's profession it is but on whether each individual wants to enter the crypto world or not
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?
Everyone who owns a business, coffee shop and shoe shop can use crypto for transactions in e-commerce or they can provide payment options using crypto for transactions according to their wishes.
Yes I know every business can use crypto as payment option.Payment using cryptocurrency is an alternative option when traditional payments cannot be made. Cases like this will be effective when there is a currency war, so there may be restrictions or prohibitions on the use of certain currencies so that alternative payments can switch to cryptocurrency.
I'm asking what would be the benefits of it vs. traditional payment options.
Payment using cryptocurrency is an alternative option when traditional payments cannot be made. Cases like this will be effective when there is a currency war, so there may be restrictions or prohibitions on the use of certain currencies so that alternative payments can switch to cryptocurrency.
Traders, investors and crypto people in general - like the users of this forum - can use cryptocurrencies in order to make money... OkNowadays, it has become an advanced and modern era, people with this profession can use this crypto as a side income in addition to income from their main job.
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?
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?
What you say is quite true. As long as cryptocurrency still has the potential to generate profits, it must be done, for example, by participating in airdrops or anything that gives you payment in cryptocurrency for what you have done. Because to make money, of course, you don't always have to come from the real world.Traders, investors and crypto people in general - like the users of this forum - can use cryptocurrencies in order to make money... OkNowadays, it has become an advanced and modern era, people with this profession can use this crypto as a side income in addition to income from their main job.
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?
The function of crypto is very broad, and it can cover all levels of society.
And as time goes on, more and more people will get to know crypto and benefit from it.
What's the point of the existence of cryptocurrencies for them?"Friendship". I want to have friendships across continents because perhaps only a few in my environment "understand" and have deep knowledge of cryptocurrency.
How can or could cryptocurrencies serve them?
What's the point of the existence of cryptocurrencies for them?"Friendship"
How can or could cryptocurrencies serve them?
... talking about inflation ...@Peter90, I really like your topic, and the inflation data you provide. As you said, crypto has value of protecting people against the wave of inflation. Because of the way the current financial system works, money will continuously lose value faster than wages increase, which means we will buy less bread with each hour of work.
(https://cdn.statcdn.com/Infographic/images/normal/31507.jpeg) (https://cdn.statcdn.com/Infographic/images/normal/31306.jpeg)
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?
The answer is simple and has very deep meaning because with "Friendship" we can connect our lives.Beautiful answer Iyem! I didn't think it from that angle.-"Friendship"
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?
We are experiencing slow inflation, but in some countries like Argentina or Venezuela, crypto is a good way to ensure that people's hard work does not evaporate overnight.
In addition to inflation protection, I'll offer some other possible uses:
+ Cross-border money transfer: I often used Western Union with a fee of a few %, now I often use USDT which is faster, simpler and many times cheaper.
+ Accumulate assets: in many countries like Vietnam, buying foreign currency is limited and requires a lot of docs, so buying USDT is the best option to protect assets when the local currency depreciates compared to USD.
+ Recruiting and working across borders: Stable coins are widely used for Freelancers, without needing to touch expensive methods like Paypal.
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?As a means of payment for them. I have had so many different stories of how store owners, shoe retailers, restaurants, etc use bitcoin as another means of payment for their business. Even in some countries, their pensioners would agree, for their government to pay them in bitcoin if the need arose.
They are not night traders. They have no idea what Binance and Coinbase are and they not even think about trading cryptos.For ordinary people like we are right? To invest in Bitcoin for the future and to hodl it for a long time until we have our profits made in them depending on when we decide to trade on a particular price.
Ordinary people.
What's the point of the existence of cryptocurrencies for them?
How can or could cryptocurrencies serve them?
The answer is simple. Try to become a trader, an investor...
When third parties have started accepting payments using cryptocurrency, they are ready for losses or even profits that they can get because, so far, cryptocurrency price movements are not easy to predict, and of course, the third party must have enough money to cover when the cryptocurrency exchange rate collapses. But I think if a third party wants to store assets in Bitcoin, then it could be a smart choice to get Bitcoin easily.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?As a means of payment for them. I have had so many different stories of how store owners, shoe retailers, restaurants, etc use bitcoin as another means of payment for their business. Even in some countries, their pensioners would agree, for their government to pay them in bitcoin if the need arose.
Bitcoin can be used as a store of value, it can also be used in making fast and easy transactions in the comfort of one their without third-party involvement.They are not night traders. They have no idea what Binance and Coinbase are and they not even think about trading cryptos.For ordinary people like we are right? To invest in Bitcoin for the future and to hodl it for a long time until we have our profits made in them depending on when we decide to trade on a particular price.
Ordinary people.
What's the point of the existence of cryptocurrencies for them?
How can or could cryptocurrencies serve them?
The answer is simple. Try to become a trader, an investor...
... Doktor ... for some reason you keep killing my threads ;D
so in order to protect it from you I just changed its title :D
All things in the world will be useful only for those who can use them. Likewise, crypto will only be useful for those who understand crypto itself. So the answer is that crypto will not be useful for those who don't even know crypto.
Well not everyone wants to understand crypto in detail. In fact, there are still many of us who cannot differentiate between Layer Zero, L1, L2 and L3. But everyone is used to using crypto for trading and investing. Because the goal is to make a profit. So just understanding crypto basically is enough. The most important thing is that they understand the risks and potential they are taking.All things in the world will be useful only for those who can use them. Likewise, crypto will only be useful for those who understand crypto itself. So the answer is that crypto will not be useful for those who don't even know crypto.
That's clear, but what do you mean with understand crypto?
Is it just to know how send crypto to a wallet, and how to exchange it with fiat?
Than yes, you are right.
In order to benefit from cryptos people need to know those things.
So, what are cryptos good for for people who don't want to earn money through crypto trading?for this answer as I wrote before.
But when high inflation occurs in a country we have seen crypto adoption increase, such as in African countries and also in Turkey and many more are using bitcoin as a temporary hedge to save asset values from high inflation. So in certain situations crypto is useful in avoiding inflation in a certain period. But I doubt it in the long term because crypto asset fluctuations are also very wild. So for hedging, gold is certainly better.Crypto can even be used to move assets from abroad easily. And making overseas shipping limits can be avoided. and much more. Because actually crypto users don't just do it just to make a profit from trading. But there are many uses of crypto for other things.
...//::
I personally use it for payment, like many many other people, its really very easy.
I have a work with someone, and I do my job, and he pays me crypto and we keep doing that all the time,
Thanks CC
Why do you and your business partner, and many other people, use BTC for payment?
the only difference is you have full control of your money and decentralized,
Selling gear and other items. Crypto is really good. I no longer sell much on eBay due to really shifty buyers. But I do sell gear for crypto which offers me protection. My return rate is way better when I sell gear and other items with crypto.
What's the point of the existence of cryptocurrencies for them?It seems like you have negative thoughts but I appreciate your thoughts because I also initially thought negatively about cryptocurrency. ;D
How can or could cryptocurrencies serve them?
Selling gear and other items. Crypto is really good. I no longer sell much on eBay due to really shifty buyers. But I do sell gear for crypto which offers me protection. My return rate is way better when I sell gear and other items with crypto.
Thanks Philip,
I wish I could understand why/how crypto offers protection for the seller...
here are two rigs one ready to be filled with cards one filled with cards.
the empty rig is maybe $250-$300 on sale at eBay.
If I want to sell it. Since it is well under $750 value eBay has fairly good protection for the seller if the buyer is dishonest and returns a box of trash.
the rig with 7 cards is around $2200 I am really good with eBay been there for years. If I run into a dishonest buyer for this sale I need to swear out multiple police reports to get protection for a bad return. I can face a Credit card claw back for up to 6 months.
So I simply will not make a sale of the 7 card rig on eBay. If I sell it here or bitcointalk. I would likely sell it on bitcointalk as my reputation is perfect for sales. I would take a return if the buyer wants to return it but I would not pay the guy until I received it. So no one will try to return a box of trash. That is real protection for me the seller.
We know that trading is not for everyone as it entails a lot of learning time so we can be able to manage the risks involved...and not all people have the interest for that. Now, aside from trading, crypto can be good for international remittance or sending a digital asset to someone in other countries with less fees and less cumbersome regulations. Aside from these two, one could get into cryptocurrency as a form of investment - just like gold or stocks - hold them and wait for them to get higher in value. Now, in places experiencing run-away inflation, getting into crypto can be a way to protect one's assets or wealth so crypto can be acting like a safe haven.
https://www.macrotrends.net/countries/VEN/venezuela/inflation-rate-cpi
Venezuela inflation rate for 2016 was 254.95%, a 133.21% increase from 2015.
Venezuela inflation rate for 2015 was 121.74%, a 59.57% increase from 2014.
Venezuela inflation rate for 2014 was 62.17%, a 21.53% increase from 2013.
Venezuela inflation rate for 2013 was 40.64%, a 19.57% increase from 2012.
BTCYour decision not to like Ethereum is not a problem for other people because it is only you who are doing it. However, you need to know that currently, many platforms are created on the Ethereum network. I would advise you not to like Ethereum alone, but not the network. It does have too much supply, so this will be high-risk and might become a time bomb because development and future prices depend on one human being named Vitalik Buterin.
LTC
DOGE
I am anti ETH but I will take it if you got it.
BTC
LTC
DOGE
I am anti ETH but I will take it if you got it.
BTC
LTC
DOGE
I am anti ETH but I will take it if you got it.
Got it! Thanks
Follow up: after you receive the payment, do you usually keep the cryptos - risking of losing what you gained out of the sale through crypto volatility - or do you turn them as quick as possible into fiat?
If you're not interested in trading then try to invest and hold or use cryptocurrency like bitcoin to hodl your asset or make payments in bitcoin as you may want it, there are many things we could divert the use and function of cryptocurrencies on our daily lives without being too dependent on a single approach for the uses, means of profitability asset, digital currency, means of making payment and many more.
Yeah, I think as holder and investor are good way to gain profit in crypto world beside trading.With experience, you will become an important teacher who can provide direction to get more profits from cryptocurrency. Imagine when you trade but don't know how to trade properly and correctly. Currently, futures trading has also become a feature to get profits quickly but also has a very high risk of loss, so you have to be careful when you want to trade in cryptocurrency; don't be easily influenced by the conditions at the exchange.
Trading needs experience and we can be expert, if already long time to do.
Skill in trading isn't instant.
Maybe we will loss several time to gain experience.
With experience, you will become an important teacher who can provide direction to get more profits from cryptocurrency. Imagine when you trade but don't know how to trade properly and correctly. Currently, futures trading has also become a feature to get profits quickly but also has a very high risk of loss, so you have to be careful when you want to trade in cryptocurrency; don't be easily influenced by the conditions at the exchange.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.
Like many mentioned, its for making money and transactions. I have been working in the crypto industry for many many years now, and I am getting paid in bitcoin for my salary. People all over the world connect with bitcoin payments, I understand that you could also use Paypal, but that's the bank, PayPal may act like the yare not the bank, but you just move money around between banks, nothing more. If I want to pay someone with Paypal, what should I do? I need to put money from my bank to my Paypal account (or connect my card) and if they want to get paid, what do they need to do? Get paid to their bank. Without bank connection, you can't. In the crypto world, its a currency of its own, you can use it, without ever touching any bank accounts.
Like many mentioned, its for making money and transactions. I have been working in the crypto industry for many many years now, and I am getting paid in bitcoin for my salary. People all over the world connect with bitcoin payments, I understand that you could also use Paypal, but that's the bank, PayPal may act like the yare not the bank, but you just move money around between banks, nothing more. If I want to pay someone with Paypal, what should I do? I need to put money from my bank to my Paypal account (or connect my card) and if they want to get paid, what do they need to do? Get paid to their bank. Without bank connection, you can't. In the crypto world, its a currency of its own, you can use it, without ever touching any bank accounts.
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.
What's the point of the existence of cryptocurrencies for them?As long as these people don't know about Bitcoin or cryptocurrency, I mean they don't have interests on it then it probably means nothing to them. But if they are taking part of it then they now have the chance to jump-in for possible opportunities or even having the perks of supporting crypto but that is not as easy as 1,2,3 because they still need to acquire enough knowledge same as what crypto enthusiasts do to familiarize the nature of this industry.
How can or could cryptocurrencies serve them?
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?
As long as these people don't know about Bitcoin or cryptocurrency, I mean they don't have interests on it then it probably means nothing to them. But if they are taking part of it then they now have the chance to jump-in for possible opportunities or even having the perks of supporting crypto but that is not as easy as 1,2,3 because they still need to acquire enough knowledge same as what crypto enthusiasts do to familiarize the nature of this industry.
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?
For ordinary people crypto give privilege and lots of benefits . It can be use to store value with relying on traditional financial institutions. It's use as a payment method that's very easy to send and receive. Crypto can offer number of business the opportunity as well. It use to reduce the transactions costs, and increase transparency.
but over time, every experience will be formed, and you will understand everything, it took time for Bitcoin to become famous until now, so we as supporters must always be optimistic that we can become traders and can also be used as a holder to make a profit.If you're not interested in trading then try to invest and hold or use cryptocurrency like bitcoin to hodl your asset or make payments in bitcoin as you may want it, there are many things we could divert the use and function of cryptocurrencies on our daily lives without being too dependent on a single approach for the uses, means of profitability asset, digital currency, means of making payment and many more.
Yeah, I think as holder and investor are good way to gain profit in crypto world beside trading.
Trading needs experience and we can be expert, if already long time to do.
Skill in trading isn't instant.
Maybe we will loss several time to gain experience.
but over time, every experience will be formed, and you will understand everything, it took time for Bitcoin to become famous until now, so we as supporters must always be optimistic that we can become traders and can also be used as a holder to make a profit.Optimistic about everything that will happen to Bitcoin, who supports Bitcoin from the beginning and holds it until now will surely smile happily with the profits that have been obtained.
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?
but over time, every experience will be formed, and you will understand everything, it took time for Bitcoin to become famous until now, so we as supporters must always be optimistic that we can become traders and can also be used as a holder to make a profit.
but over time, every experience will be formed, and you will understand everything, it took time for Bitcoin to become famous until now, so we as supporters must always be optimistic that we can become traders and can also be used as a holder to make a profit.Optimistic about everything that will happen to Bitcoin, who supports Bitcoin from the beginning and holds it until now will surely smile happily with the profits that have been obtained.
Being a trader or long-term holder it will give you profits.
But being a true holder of Bitcoin when the price of bitcoin is very cheap until now will provide huge profits.
There are many millionaires because of Bitcoin and they still own some of it today.
In a way you are right, there has to be lots of work done to be able to bring crypto utilization in most sectors other than in the hands of traders and financial institutions. There can be good utilization if its adopted in businesses, shops and stores like transparent transactions, irreversible transactions which can help reduce frauds and chargeback scams. Professionals can get paid in crypto quickly and without much interruptions. Other benefits as well as risks can also originate. But surely it can change the system in a good way. :)But because now we are in the digital era. Where we have even done many things in the digital world or the internet. So I think the usefulness of Crypto can now really be felt. Because currently crypto is also widely used as a means of payment on various sites on the internet. I even buy and pay my internet bill or cell phone credit with crypto. A means of Investment, trading, payments, tokenization of real assets, and more. And everything will develop and be needed more by the next generation z.
For ordinary people crypto give privilege and lots of benefits . It can be use to store value with relying on traditional financial institutions. It's use as a payment method that's very easy to send and receive.
Not the cryptocurrency will serve people, but rather we, the people, if we think it will help us, will find out how it can help us.
If I talk about Bitcoin as a cryptocurrency, Bitcoin is completely decentralized. Anyone can invest without any hesitation. While there are restrictions on other platforms, people of different level can invest in this decentralized platform. This is the only platform where there is no discrimination. Anyone who wants to invest can take advantage of this. If a person is able to understand this platform well then he is definitely worth the investment.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. To answer this, then if they are not aware then, we can't do anything about it. The issue here could be that if someone knows about crypto or BTC itself, have a business but then don't want to accept any crypto as a payment scheme. Maybe they are afraid of it's volatility as we haven't seen any big online stores accepting it for the time being.
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.It's better and simpler to trade because to become a cryptocurrency developer is not easy, you have to have a product that is very useful for society or maybe you can also develop NFTs. This means that it is better to trade in cryptocurrency because you only need to buy at a low price and sell at a high price. .
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.
Traders, investors and crypto people in general - like the users of this forum - can use cryptocurrencies in order to make money... OkSorry 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.
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?
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?
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.
then if they are not aware then, we can't do anything about it.
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.
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.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.
Apart from trading and investment, crypto is now also adopted in RWA. And if we speak for ordinary people.
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.
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.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.
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?
Some people thought that cryptocurrency was made for fraudulent activities and scams but in reality it was made to hide the identity especially those people who have a lot of money. We all know it's very risky if people know that we are wealthy because we don't know what's in their mind. You know that money can control someone's mind. That's what I think crypto was made just to anonymize their identity for safety so that authorities or big people can't track them and they can live like normal people.I think this question has sparked curiosity before. From the people you just mentioned, it is indeed true that there are individuals among us who are completely unaware of the existence of cryptocurrency and exchanges. This is clearly not their fault, but we should understand that this new digital money advancement is a project that needs to progress stage-by-stage. If cryptocurrencies are to gain mass adoption, some will come across them on the internet, while others on TV, and still others through friends, etc.
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?
Those who have yet to grasp what cryptocurrencies truly entail lack knowledge of current happenings, but that doesn't mean that they might not come across it in the future. There is still a long way to go, even though the prices of some coins are already massive. Cryptocurrency would surely benefit them once they learn about it.
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.
Yes, I agree, crypto is more suitable as anonymous, where people don't know our assets. Moreover, now there is a mixer and we can also make transactions on private coins such as monero, dash, etc. If crypto is for fraud, there are still many frauds committed outside of crypto. because fraudsters can do it anywhere
Some people thought that cryptocurrency was made for fraudulent activities and scams but in reality it was made to hide the identity especially those people who have a lot of money. We all know it's very risky if people know that we are wealthy because we don't know what's in their mind. You know that money can control someone's mind. That's what I think crypto was made just to anonymize their identity for safety so that authorities or big people can't track them and they can live like normal people.
Yes, I agree, crypto is more suitable as anonymous, where people don't know our assets. Moreover, now there is a mixer and we can also make transactions on private coins such as monero, dash, etc. If crypto is for fraud, there are still many frauds committed outside of crypto. because fraudsters can do it anywhereMany cryptocurrencies are used for criminal acts. All transactions in cryptocurrency are anonymous, therefore hackers really like cryptocurrencies. We should use Cryptocurrency for positive actions such as carrying out transactions to provide assistance to war victims or victims of natural disasters in different countries.
Many cryptocurrencies are used for criminal acts. All transactions in cryptocurrency are anonymous, therefore hackers really like cryptocurrencies. We should use Cryptocurrency for positive actions such as carrying out transactions to provide assistance to war victims or victims of natural disasters in different countries.
That's right, Cryptocurrency can be used for whatever you want as long as whoever you invite for transactions understands how Cryptocurrency works then whatever you want you can get easily. I really hope Bitcoin has legal permission in every country so that everything can be easily used. carry out transactions using cryptocurrency, especially bitcoin.Many cryptocurrencies are used for criminal acts. All transactions in cryptocurrency are anonymous, therefore hackers really like cryptocurrencies. We should use Cryptocurrency for positive actions such as carrying out transactions to provide assistance to war victims or victims of natural disasters in different countries.
Everyone do not use cryptocurrency for criminal deeds but most of them are using it just for making their financial status stronger which is not possible with the help of single salary. It is true that some people are using crypto in wrong way but not everyone as there are lots of beneficial activities of crypto due to which people are a part of it.
Some people are in Struggle to hack the wallets of others but there is also a solution to every problem. If we are using crypto just with positive thoughts then very soon every country will give permission for crypto transactions and everyone will be able to earn good sum for their hardwork.
It's true, sometimes we don't know the exact function at this time regarding the existence of cryptocurrency for several fields such as education and the others you mentioned. Maybe currently cryptocurrency only serves other purposes, and its implementation in several fields has not yet been thought of.This is true, but I think there is still a long way to go before practical use. They are trying to introduce certain aspects, but this is more out of fashion than technical necessity. Perhaps this is due to the fact that a cost expression has been attached to this. Drawing an analogy with a phone camera, no one pays no money when taking photos with your phone.
But did you know, in the past, the front camera of a smartphone was only used for selfies... but now the face unlock feature has become more popular. Initially, no one thought about it before this innovation came through the thinking of human genius. So with the front camera, several other features will open by themselves.
Likewise with cryptocurrency, later we will know if its adoption is widespread enough.
Unfortunately, official permission from all countries regarding the use of Bitcoin cannot be done quickly, Bitcoin still needs a lot of time to receive such permission, there is even a possibility that Bitcoin will never get permission from many countries because the Bitcoin price movement is very volatile so it will very risky if used for transactions in the real world.That's right, Cryptocurrency can be used for whatever you want as long as whoever you invite for transactions understands how Cryptocurrency works then whatever you want you can get easily. I really hope Bitcoin has legal permission in every country so that everything can be easily used. carry out transactions using cryptocurrency, especially bitcoin.Many cryptocurrencies are used for criminal acts. All transactions in cryptocurrency are anonymous, therefore hackers really like cryptocurrencies. We should use Cryptocurrency for positive actions such as carrying out transactions to provide assistance to war victims or victims of natural disasters in different countries.
Everyone do not use cryptocurrency for criminal deeds but most of them are using it just for making their financial status stronger which is not possible with the help of single salary. It is true that some people are using crypto in wrong way but not everyone as there are lots of beneficial activities of crypto due to which people are a part of it.
Some people are in Struggle to hack the wallets of others but there is also a solution to every problem. If we are using crypto just with positive thoughts then very soon every country will give permission for crypto transactions and everyone will be able to earn good sum for their hardwork.
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?
Those who have yet to grasp what cryptocurrencies truly entail lack knowledge of current happenings, but that doesn't mean that they might not come across it in the future. There is still a long way to go, even though the prices of some coins are already massive. Cryptocurrency would surely benefit them once they learn about it.
Yes, I agree, crypto is more suitable as anonymous, where people don't know our assets. Moreover, now there is a mixer and we can also make transactions on private coins such as monero, dash, etc. If crypto is for fraud, there are still many frauds committed outside of crypto. because fraudsters can do it anywhereMany cryptocurrencies are used for criminal acts. All transactions in cryptocurrency are anonymous, therefore hackers really like cryptocurrencies. We should use Cryptocurrency for positive actions such as carrying out transactions to provide assistance to war victims or victims of natural disasters in different countries.