Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Giepher C on July 25, 2018, 04:02:19 AM
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How will cryptocurrency help you?
Fraud: Individuals cryptocurrencies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs.
Immediate Settlement:Purchasing real property typically involves some third parties (Lawyers, Notary), delays, and payment of fees. In many ways, the bitcoin/cryptocurrency blockchain is like a “large property rights database,” says Gallippi. Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers.
Lower Fees: There aren’t usually transaction fees for cryptocurrency exchanges because the miners are compensated by the network (Side note: This is the case for now). Even though there’s no bitcoin/cryptocurrency transaction fee, many expect that most users will engage a third-party service, such as Coinbase, creating and maintaining their bitcoin wallets. These services act like Paypal does for cash or credit card users, providing the online exchange system for bitcoin, and as such, they’re likely to charge fees. It’s interesting to note that Paypal does not accept or transfer bitcoins.
Identity Theft: When you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. Cryptocurrency uses a “push” mechanism that allows the cryptocurrency holder to send exactly what he or she wants to the merchant or recipient with no further information.
Access to Everyone: There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t currently have access to traditional exchange, these people are primed for the Cryptocurrency market. Kenya’s M-PESA system, a mobile phone-based money transfer, and microfinancing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet. (Let me repeat that again. 1/3)
Decentralization: A global network of computers use blockchain technology to jointly manage the database that records Bitcoin transactions. That is, Bitcoin is managed by its network, and not any one central authority. Decentralization means the network operates on a user-to-user (or peer-to-peer) basis. The forms of mass collaboration this makes possible are just beginning to be investigated.
Recognition at universal level: Since cryptocurrency is not bound by the exchange rates, interest rates, transactions charges or other charges of any country; therefore it can be used at an international level without experiencing any problems. This, in turn, saves lots of time as well as money on the part of any business which is otherwise spent in transferring money from one country to the other. Cryptocurrency operates at the universal level and hence makes transactions quite easy.
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Well, as a new here in this forum I just want to explore more about crypto currency. Hoping that someone here can help me.
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Well, as a new here in this forum I just want to explore more about crypto currency. Hoping that someone here can help me.
Welcome to the forums feel free to ask questions on anything that you see that you don't understand, we will absolutely try our best
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There are so many positive things that crypto will bring but then others just can't seem to get it. They are so focus on negative things like being use in illicit activities that they cannot see the positive things. This is the reason why some countries ban it because they are afraid of the negative things but they do not take into account the positive things. They can just regulate it then so that people would be afraid to use it in negative way.
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I can say that I am new on the cryptocurrency world. It really helps me a lot regarding financial concerns. But i think i need a lot more research.
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Excellent information. Thanks for the detailed description. I learned new features for myself.
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No doubt cryptocurrency really helped thousands of people around the world and until now it keeps on imparting people life to become successful.
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There are so many informations about Cryptocurrencies out there and not only good ones. I'm a newbie to all of this and I'm trying to do a lot of research before investing in any kind of currency. That's an interesting posting, especially for the beginning!
In a few months I'll be probably able to tell you how Crypto currency helped me - I think I'm in good hands :)
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Was thinking about this today but one thing Crypto is helping me is I'm usually pretty directionless and unmotivated but ever since I've gotten involved in crypto there's just not enough time in the day anymore. It's given my life a lot of meaning and purpose and for that, even if all else fails, I'm really thankful for.
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Was thinking about this today but one thing Crypto is helping me is I'm usually pretty directionless and unmotivated but ever since I've gotten involved in crypto there's just not enough time in the day anymore. It's given my life a lot of meaning and purpose and for that, even if all else fails, I'm really thankful for.
Congrats to you mate. Truly crypto currency is affecting the lives of many in different aspects and this one is a great success of crypto currency.
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Actually crypto is very helpful for investors who want to invest to coin, but also there are many misuse also so must remain cautious.
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So many positive thing you will get here, especially in financial. But you have to learn to know what crypto is though.
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Crypto currency is helping everyone to make a huge profit by searching the right one and also educating us to prepare of what things ahead.
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Actually crypto is very helpful for investors who want to invest to coin, but also there are many misuse also so must remain cautious.
Excuse me! Crypto is not just for investors but it is for all who are ready to go with the flow of crypto despite we experience downfall and growth. This cryptocurrency have its own ecosystem that would be the future of individual business transactions.
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very good, since I'm new here, I also want to learn about Crypto money business. and maybe from friends here can help me and explain it ?, so that I can understand more deeply.
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In my oppinion, cryptocurrency is very helpful, especially in financial matters. it's just that, here I am a beginner so I need more knowledge in the world of cryptocurrency.
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In my oppinion, cryptocurrency is very helpful, especially in financial matters. it's just that, here I am a beginner so I need more knowledge in the world of cryptocurrency.
I agree with this buddy. Though im new on crypto world, I can say that theres a money on crypto. Earning is not thats easy. Patience is a must.