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

[Gideon99]

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.

[ayydil]

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.

[Peter90]

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.

Think of the woman at the market selling potatoes
Or your grandmother
They will never become crypto traders - just like me : )

So, if with possible opportunities you mean money making out of trading, forget it.
The perks of supporting crypto, you mean that potatoes seller offers the option of accepting cryptos as payment?
Okay, provided there are potatoes buyers willing to pay in crypto.
But now I'm interested in what benefits are there for potatoes buyers to pay in crypto 

[doc]

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.

Apart from trading, maybe we can also do holding. some friends also joined airdrop and retrodrop. There are also those who buy coins during presale. and of course participation in bounty campaigns.

[MUGNIA]

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.

[taufik123]

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.

[gunhell16]

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?

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. But if we think it's just a scam, like others think, it will never really help us.

Cryptocurrency is only for those who believe it will help them. It seems like there is no difference between a student who is informed and what he is studying; it can give them knowledge, and they will benefit from it if they use it correctly. It is the same with cryptocurrency: when you know it will help us, you will do the right thing
to know it.

[Jamal Aezaz]

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.

We learn everything and our experience enhances as the time goes but we have to choose that path which has little risk and our little experience do not put adverse effect on our profit.

Absolutely yes bitcoin was not famous at start but now its success is developing more and more so this is a new kind of technology that help every individual to settle their financial system and to fulfil their financial goals.

Becoming holder is not a hard thing but becoming a successful trader needs time, money, knowledge and experience so if once a person involved in it he will learn all the things but if he has the power to control his emotions.

[therozaq]

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.

Those who bought bitcoin at the beginning are lucky and are still holding it today, because they made big profits. As a holder and trader it is a profitable avenue to invest in crypto. For those who don't have the skills as a trader, becoming a holder is the best way, because maybe they are too busy working in the real world.

[Uruhara]

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.

[Peter90]

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.

I agree
cryptos can help ordinary people - for example - to protect themselves from the devaluation of their national currency.
Look at what is happening in Argentina!

"Argentines' efforts to preserve their savings amid the ongoing decline of their national currency, the Argentine peso (ARS), has resulted in the nation recently hitting its highest demand for Bitcoin in 20 months, according to a recent report.

On March 20, Bloomberg reported data sourced from cryptocurrency exchange Lemon Cash revealing nearly 35,000 customers in Argentina purchased Bitcoin in the week ending March 10, which is double the weekly average compared to 2023.



However, it was noted that Lemon wasn't the only platform seeing a surge in demand. Other major exchanges in Argentina, such as Ripio and Belo, reported similar trends.

Meanwhile, the use of digital currency for specific transactions is slowly gaining traction within the country.
In December 2023, Diana Mondino, the minister of foreign affairs, international trade and worship, claimed that a decree aimed at economic reform and deregulation would allow the use of Bitcoin and other cryptos in the country under certain conditions.

Following the ruling, a local landlord and a tenant in Rosario, the third most populated city in Argentina, sealed a rental agreement where the latter would pay monthly rent in Bitcoin."

zerohedge.com

[Rubel007]

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.

[Jating]

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.

[bayiajaib]

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.

[pacar_tiri]

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. .