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

[Tribalchief]

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?

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.

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.

[jeraldskie11]

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?

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.

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.

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.

[Gladitorcomeback]

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.

That's probably the worst advice to give to anyone. Why on earth do you believe that one can make more crypto with their crypto through gambling? Don't you know gambling is a luck-based thing and the odds are usually stacked against the gambler?

Gambling is only good for losing your crypto and have some fun time, but you can't consider gambling a way to make more crypto with your existing crypto, that isn't going to work because casinos are not out there giving charity to every single gambler that gets to them.

[doc]

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 anywhere

[MRY]

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

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.

[Captain Corporate]

It is a decentralized currency, what more do you want from it? I mean you could make as much money from it as you want with the way you have right now, and none of that will change or make any big impact on it. If you consider it just for trading then you are already misunderstanding the purpose of bitcoin. We buy it not because it's a great way to make money (it is) but the main reason why it exists is that all of the fiat money that we used so far in this world has been up and down based on a government, and they can do whatever they want with it, whereas bitcoin can't be touched by anyone.

[Jamal Aezaz]

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.

[TopT3ns]

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.

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.

[bayu7adi]

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.

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.

[Gyrgen]

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.

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.

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.

[pacar_tiri]

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.

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.

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.

[Mr. Magkaisa]

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 right time and period will also come when those people will also realize the importance of cryptocurrency in the future. Right now, they are benefiting from their professions, but time will also come when they can add crypto for sure as a financial solution.

I told you that if we just broaden our understanding, others will understand the function that Bitcoin and cryptocurrencies can play in our lives.

[MUGNIA]

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.

There is no such thing as too late in crypto, what is there is a desire to change your view of the future, and participate in technological developments,
Not only for trading, this crypto can be used as a long-term investment and you can sell it at any time if you have made enough profits

[Doovla]

It should be seen from this perspective, why they enter into loans from banks when in most of the cases that I know of, it is from the countries where they live in the recognized crypto world and can thus be used in the future for their investments. Yes, it is more risky, but the profit is much higher for the same money that would be invested in profiting. Either investment or holders.

[Findingnemo]

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

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.

This is just a myth that has been busted via various reports and more over crypto transactions are not completely anonymous even after mixing still government entities can track down the path and connect to the users if it's needed.

Cryptos aimed towards eliminating the middle men such as banks which itself can be the advantage over the traditional currencies.