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.
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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.
Yeah, in crypto we can make money in many ways. We can make money from investing, trading, and staking. Now, if we don't have money we can do crypto jobs such as community manage or any services that can really help to the success of a project. It's really better if you have a online skills because it's really useful. Honestly, I've been here in crypto since year 2016 and I started with nothing. And now, all my needs mostly came from here. I really benefit from crypto.
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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.
The thread was created since "December 27, 2018, 04:53:36 PM" and that means it has been long but the discussion is still relevant. And from what you have said. Yes to invest in cryptocurrency is not easy as people said. And also it is not hard as trading and all the two make profit. Some people said trading make profit more than investing while some debunk that fact but all what I know is all are good to make profit. And apart from the two op mentioned, you can use cryptocurrency to store your funds for future use instead of keeping it in Fiat you can keep it in crypto.
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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.
Yeah, in crypto we can make money in many ways. We can make money from investing, trading, and staking. Now, if we don't have money we can do crypto jobs such as community manage or any services that can really help to the success of a project. It's really better if you have a online skills because it's really useful. Honestly, I've been here in crypto since year 2016 and I started with nothing. And now, all my needs mostly came from here. I really benefit from crypto.
During the early days of crypto, a lot of people who are now making a fortune from the market started from doing bounties and airdrops and we're able to save up enough money to invest, at least those were the good old days when we know bounties and airdrops were actually beneficial to a lot of people, but right now, they're all just a total waste of time because a lot of scam projects has entered into the market and some are even making waves.
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Apart from making money, try to look at other positive sides such as integration for payments or online transaction tools without regional and time restrictions. This is certainly a positive impact from the ease of carrying out transactions without having to involve centralized parties. While making a profit also has risks, at the point I explained, at least there will be no risk of any loss. We can buy something easily without even needing to send our KTP or passport data. In my opinion, this is the next level of a freer and easier payment method.
What you need to pay attention to is avoiding fraud. Fraud is a form of intelligence that is misused, therefore this is something that is very detrimental and deserves immediate legal action so that the perpetrators are deterred.
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Apart from making money, try to look at other positive sides such as integration for payments or online transaction tools without regional and time restrictions. This is certainly a positive impact from the ease of carrying out transactions without having to involve centralized parties. While making a profit also has risks, at the point I explained, at least there will be no risk of any loss. We can buy something easily without even needing to send our KTP or passport data. In my opinion, this is the next level of a freer and easier payment method.
What you need to pay attention to is avoiding fraud. Fraud is a form of intelligence that is misused, therefore this is something that is very detrimental and deserves immediate legal action so that the perpetrators are deterred.
Right now, most investor priority with benefit of bitcoin or cryptocurrency as the way how to earn much money by investing or trading than make as payment integration smoothly and transparence when using bitcoin or some altcoin. Its right with benefit when using bitcoin and altcoin as digital payment transaction we don't need take longer time or paying bigger fees such as using fiat transaction.
For business have much benefit when accepting bitcoin as payment transaction and we don't take more longer time for each transaction, not limit for sending of how much amount than fiat transaction take time around one hour until one days for international payment transaction.
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Apart from making money, try to look at other positive sides such as integration for payments or online transaction tools without regional and time restrictions. This is certainly a positive impact from the ease of carrying out transactions without having to involve centralized parties. While making a profit also has risks, at the point I explained, at least there will be no risk of any loss. We can buy something easily without even needing to send our KTP or passport data. In my opinion, this is the next level of a freer and easier payment method.
What you need to pay attention to is avoiding fraud. Fraud is a form of intelligence that is misused, therefore this is something that is very detrimental and deserves immediate legal action so that the perpetrators are deterred.
You're absolutely correct, while making money via cryptocurrency is one of the major importance of cryptocurrency, it's only just one, there are other aspects and benefits of decentralised transactions that goes beyond just making money.
The ability of people to facilitate borderless transactions and making them fast and easy without restrictions and intermediaries are indeed a game changer to mankind.
This is essentially very important to users who reside in regions and areas without access to traditional banking or mode of payment.
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In fact, the amount of profit from cryptocurrency is huge so the basis of confidential transactions and low transaction fees from one blockchain to another blockchain transaction content is completely confidential. So it's really difficult to monitor your transactions from here because they have different structures that have strong access. So no one can track you and do bad activities. So you can continue to transact conveniently here.
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In fact, the amount of profit from cryptocurrency is huge so the basis of confidential transactions and low transaction fees from one blockchain to another blockchain transaction content is completely confidential. So it's really difficult to monitor your transactions from here because they have different structures that have strong access. So no one can track you and do bad activities. So you can continue to transact conveniently here.
Transparency is one of the most essential qualities that makes cryptocurrency transactions worth looking into, every single transaction you initiate on the Blockchain can easily be traced and tracked even when you're not the original owner of that wallet, as long as you have the the public address, you can easily track the activities and transactions that's been initiated on that account.
What makes crypto transactions safe is that, despite the transparent nature, it's almost impossible for anyone to tamper or manipulate your transactions, except of course they have direct access to your wallet.
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Apart from making money, try to look at other positive sides such as integration for payments or online transaction tools without regional and time restrictions. This is certainly a positive impact from the ease of carrying out transactions without having to involve centralized parties. While making a profit also has risks, at the point I explained, at least there will be no risk of any loss. We can buy something easily without even needing to send our KTP or passport data. In my opinion, this is the next level of a freer and easier payment method.
What you need to pay attention to is avoiding fraud. Fraud is a form of intelligence that is misused, therefore this is something that is very detrimental and deserves immediate legal action so that the perpetrators are deterred.
You're absolutely correct, while making money via cryptocurrency is one of the major importance of cryptocurrency, it's only just one, there are other aspects and benefits of decentralised transactions that goes beyond just making money.
The ability of people to facilitate borderless transactions and making them fast and easy without restrictions and intermediaries are indeed a game changer to mankind.
This is essentially very important to users who reside in regions and areas without access to traditional banking or mode of payment.
You are correct in saying "Crypto is a game changer for mankind". Its payment method without restrictions or third-party makes it stand out and be compared with traditional methods of payment that have conditions and protocols. However, thanks to crypto for helping us run our digital transactions anonymously in the comfort of our homes without government or third-party interference
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In fact, the amount of profit from cryptocurrency is huge so the basis of confidential transactions and low transaction fees from one blockchain to another blockchain transaction content is completely confidential. So it's really difficult to monitor your transactions from here because they have different structures that have strong access. So no one can track you and do bad activities. So you can continue to transact conveniently here.
This is the advantage of crypto, where no one is able to intervene whatsoever in what we do and what has happened. Agree, crypto provides huge benefits for its holders but can also be scary because of the losses incurred due to lack of understanding.
Until now, because it is difficult to intervene, there are still many countries that cannot accept it because they cannot directly control everything that happens and this can certainly be detrimental for the government but is very convenient for its users.
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This is the advantage of crypto, where no one is able to intervene whatsoever in what we do and what has happened. Agree, crypto provides huge benefits for its holders but can also be scary because of the losses incurred due to lack of understanding.
Until now, because it is difficult to intervene, there are still many countries that cannot accept it because they cannot directly control everything that happens and this can certainly be detrimental for the government but is very convenient for its users.
It's only scary if you don't know what you have been holding. That's the risk that's on crypto but if you know what you're doing, that risk will be minimized and you'll just have to enjoy it eventually. You'll not even feel that risk when you get used to it and have been holding and investing for years. And you will also learn all of those risks that have made you certain losses but you won't feel bad about it because they're acceptable losses.
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thanks to crypto for helping us run our digital transactions anonymously in the comfort of our homes without government or third-party interference
And this is the reason why the banks and government authorities are strongly against crypto transactions because they usually have their benefits from international transactions, but since we don't need them anymore to initiate these sorts of transactions, they no longer benefit anything from us because we can now send money to other countries without the banks or government authorizing these transactions.
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In fact, the amount of profit from cryptocurrency is huge so the basis of confidential transactions and low transaction fees from one blockchain to another blockchain transaction content is completely confidential. So it's really difficult to monitor your transactions from here because they have different structures that have strong access. So no one can track you and do bad activities. So you can continue to transact conveniently here.
You are right about that crypto-currency attracted many people for huge profit but I think people are also in false concept, because I don't think cryptocurrency is a get quick rich scheme it also require knowledge and skill for gaining huge profit otherwise you can face big losses on it.
I want to also say cryptocurrency is more transparent about the tracking transaction from our tradition of banking system. Like you cannot see my thank you statement, if I know your public address of your wallet I can see your every transaction. But if you use the mixture then the things are different.
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thanks to crypto for helping us run our digital transactions anonymously in the comfort of our homes without government or third-party interference
And this is the reason why the banks and government authorities are strongly against crypto transactions because they usually have their benefits from international transactions, but since we don't need them anymore to initiate these sorts of transactions, they no longer benefit anything from us because we can now send money to other countries without the banks or government authorizing these transactions.
Maybe if a bank later wants to be incorporated with crypto such as foreign exchange transactions, then they will also benefit, but the main problem is the main authority that the government does not allow it because crypto cannot be controlled, making it difficult for bank authorities to be able to allow it.
You are right, that the government cannot hold back on every transaction that occurs in Crypto and has no authority because Crypto runs without any control that does it, making it easier for Crypto users to direct transactions directly. But if there is a prohibition, there will be obstacles to being exchanged for local money even though it can be done directly, but it can blame the rules if not permitted.
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And this is the reason why the banks and government authorities are strongly against crypto transactions because they usually have their benefits from international transactions, but since we don't need them anymore to initiate these sorts of transactions, they no longer benefit anything from us because we can now send money to other countries without the banks or government authorizing these transactions.
They are still benefiting from this transaction in the form of tax. Guess what, maybe that's why they thought to make crypto legalized. I mean on the one side it is beneficial for all the crypto enthusiasts as crypto will be adopted more once the law gets into it. Just like it is getting into crypto now, seized a lot of companies, in the name of scammers and who knows what. And on the other side, they (authorities) might have admitted they can't eliminate the craze of crypto among people's mind.
So they prefer to use it for other own benefit by imposing tax on crypto transactions. There must be ways to save yourself from big taxes in crypto but still government in the end will be benefitting from crypto. Speaking of other ways, they have seized a lot of funds I mean those funds are in millions, that's the benefit they are taking.
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And this is the reason why the banks and government authorities are strongly against crypto transactions because they usually have their benefits from international transactions, but since we don't need them anymore to initiate these sorts of transactions, they no longer benefit anything from us because we can now send money to other countries without the banks or government authorizing these transactions.
They are still benefiting from this transaction in the form of tax. Guess what, maybe that's why they thought to make crypto legalized. I mean on the one side it is beneficial for all the crypto enthusiasts as crypto will be adopted more once the law gets into it. Just like it is getting into crypto now, seized a lot of companies, in the name of scammers and who knows what. And on the other side, they (authorities) might have admitted they can't eliminate the craze of crypto among people's mind.
So they prefer to use it for other own benefit by imposing tax on crypto transactions. There must be ways to save yourself from big taxes in crypto but still government in the end will be benefitting from crypto. Speaking of other ways, they have seized a lot of funds I mean those funds are in millions, that's the benefit they are taking.
Legalizing crypto is not just about being able to collect taxes from every transaction carried out legally, but the goal is to avoid criminal acts that could occur, such as money laundering from corruption and possibly also from drug transactions.
So, by legalizing it, all transactions must go through an authority recognized by the government so that every transaction can be seen, otherwise it will be done illegally and that can be done in crypto.
For crypto fans, of course, it is an advantage to be able to do it freely and protected by legal regulations.
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Legalizing crypto is not just about being able to collect taxes from every transaction carried out legally, but the goal is to avoid criminal acts that could occur, such as money laundering from corruption and possibly also from drug transactions.
So, by legalizing it, all transactions must go through an authority recognized by the government so that every transaction can be seen, otherwise it will be done illegally and that can be done in crypto.
For crypto fans, of course, it is an advantage to be able to do it freely and protected by legal regulations.
You are right that legalizing crypto and imposing rules and regulations such as KYC and KML etc. will minimize criminal cases like scams, hacks, and money laundering etc. But the involvement of government has made decentralized platform a centralized one or trying them to make it. And its not that easy to launder money via crypto I think even the authorities has announced it on media outlets. That BTC and crypto is not the smartest (https://www.bloomberg.com/news/articles/2022-02-17/it-s-time-for-bitcoin-to-become-a-better-tool-for-laundering-money) and easiest way to launder money.
But still those who are doing it can be caught instantly due to the involvement of regulatory authorities. In short they come with good and bad effects. Crypto fans who love anonymity and decentralization are taking it as bad while those who think the regulation will help crypto industry grow as more and more people will be trusting and investing in it.
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Cryptocurrency has really helped a lot of people in the world today, it has made people become rich and it has opened way for people far away countries to do business with each other, because making money transactions has now become very easy, there's a friend of mine that is into crypto so he met someone online who was also into cryptocurrency they started doing business together exchanging and selling coins to each other and from there they built trust and there two set up a business together and running it together, so cryptocurrency has brought a lot of economic benefit to the world it has also helped to increase the economy of the world,
Cryptocurrency has broken one barrier which is making money transactions to anywhere in the world very easy and in a very cheap rate, this alone is a very big achievement and I'm very happy for the creation of cryptocurrency because it has brought a lot of changes to the society.
I have a lot of friends that has become millionaires through cryptocurrency and they are doing very well for themselves so has enough Bitcoin they have accumulated, in cryptocurrency investment one can start with the little one has that is one good thing about crypto.
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Reserved.
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I have a lot of friends that has become millionaires through cryptocurrency and they are doing very well for themselves so has enough Bitcoin they have accumulated, in cryptocurrency investment one can start with the little one has that is one good thing about crypto.
You don't have to go far when looking for the benefits of cryptocurrency; many of the forum members are also beneficiaries because without the coming of cryptocurrency, we cannot assemble here to be sharing good knowledge and understanding about cryptocurrency, and we will not be earning the money we are probably earning in cryptocurrency which include trading and some investments that have given us uncountable profits that we may never makefrom other investment outside cryptocurrency.
Moreover, forums like this one and Bitcointalk are also sources of income for many of us because some of us depends on our earnings in these fourums to survive due to lack of white colar jobs after finishing our degrees from colleges and universities.
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Moreover, forums like this one and Bitcointalk are also sources of income for many of us because some of us depends on our earnings in these fourums to survive due to lack of white colar jobs after finishing our degrees from colleges and universities.
This is the most suitable answer in the forum. When someone asks such a question forum and they can already see that it's possible to make money from the forum, this is a good example. I have been on the forum since 2022 and accumulated a good amount of Bitcoin from which I have started a business already and spent $5K there. That was possible because I have been holding my Bitcoin from the beginning and it paid off during the pre-bull run.
I know a lot of people making money online because of the crypto currency exist. A lotof telegram channel owners making money through airdrops and their channels monetization as well. People doing trading, product buy/sell, marketing and a lot more. The market is expanding more day by day and more opportunities are coming.
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Cryptocurrency has huge benefited there has no doubt. We know huge people already involved in cryptocurrency market. Even cryptocurrency is main occupation for huge people. Many people takes crypto as main earning source. I am with crypto-currency from 2016 and still now i am involved with crypto-currency. And regularly i am getting profit from here.
I think within short time All will normal. And we are very upset For Telegram CEO Pavel Durov. He has been arrest 2/3 days. I think he will release within short time.
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thanks to crypto for helping us run our digital transactions anonymously in the comfort of our homes without government or third-party interference
And this is the reason why the banks and government authorities are strongly against crypto transactions because they usually have their benefits from international transactions, but since we don't need them anymore to initiate these sorts of transactions, they no longer benefit anything from us because we can now send money to other countries without the banks or government authorizing these transactions.
The government and banks are against crypto, but still yet crypto is taking home victory at the end of it all. People are beginning to have stronger trust and belief in crypto than the banks and government, who want our finances to be under their power to do whatever they please at any time.
Thank goodness people are wising up not to give the banks and government the upper hand to control and monitor the way they get and spend their money. It's no longer third-party involvement or a question of how you make your money. It's about being anonymous, making transactions to any part of the world in the comfort of your home without anyone knowing your financial worth
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The government and banks are against crypto, but still yet crypto is taking home victory at the end of it all. People are beginning to have stronger trust and belief in crypto than the banks and government, who want our finances to be under their power to do whatever they please at any time.
Thank goodness people are wising up not to give the banks and government the upper hand to control and monitor the way they get and spend their money. It's no longer third-party involvement or a question of how you make your money. It's about being anonymous, making transactions to any part of the world in the comfort of your home without anyone knowing your financial worth
Crypto is indeed a financial Messiah, (as I'll always call it) and many people are opting to it as a primary means of storing and distributing finance and it has indeed proven to be quite a much preferable option, compared to the traditional banking system, because it doesn't only give a convenient and cheap way to transact both within and across borders, it also gives the individuals freedom. Freedom over their wealth, freedom of how to spend their money and when to spend their money without the interference of any third-party.
And yeah, the government and banks doesn't like this whole thing at all because they're already used to helping individuals make certain decisions concerning their money and in turn they have their way by which they also benefit from this.
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The government and banks are against crypto, but still yet crypto is taking home victory at the end of it all. People are beginning to have stronger trust and belief in crypto than the banks and government, who want our finances to be under their power to do whatever they please at any time.
Thank goodness people are wising up not to give the banks and government the upper hand to control and monitor the way they get and spend their money. It's no longer third-party involvement or a question of how you make your money. It's about being anonymous, making transactions to any part of the world in the comfort of your home without anyone knowing your financial worth
We all have our angle of explaining how beneficial crypto is to each and everyone of us. Like I shared in a recent reply, we all are born into a society where we don't choose the kind of money we use, but the money chooses us. It's like a limitation in form of a financial constraints that tends to set a limit for those who are not in control, i.e you and I. I don't really have a thing for making transactions anonymous, as far as I can see my entire balance, have access to it, and make unlimited transactions to every country without restriction, then I am fine. morever, I am not doing anything illegal. Why even use a physical bank, when I can be my own bank.
But the other thing is that, lot of people are not paying attention, but choose to endure the financial constraints been set by the banking system. Even in this modern age of technology availability, people still overlook the benefits of cryptocurrency aside profit wise ( i.e they overlook the benefits of cryptocurrency like the one I mentioned from my own opinion).
And lastly, from the way cryptocurrency adoption is growing, I have this feeling that banking institutions and government will end up blending into the system, because from the look of things, this adoption can't be stopped.
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The government and banks are against crypto, but still yet crypto is taking home victory at the end of it all. People are beginning to have stronger trust and belief in crypto than the banks and government, who want our finances to be under their power to do whatever they please at any time.
Thank goodness people are wising up not to give the banks and government the upper hand to control and monitor the way they get and spend their money. It's no longer third-party involvement or a question of how you make your money. It's about being anonymous, making transactions to any part of the world in the comfort of your home without anyone knowing your financial worth
Some people have lost interest in saving their money in banks and instead prefer investing, trading, and holding cryptocurrencies. This is because cryptocurrencies provide a safe, transparent, and convenient way to make transactions. With an internet connection, anyone can use cryptocurrencies from anywhere, eliminating the need for physical travel or transportation. Transactions are fast, affordable, and the sweetest part about cryptocurrency is the fact that users have the power and control over their money. It is a good thing that cryptocurrency is decentralized.
However, the growing adoption of cryptocurrency may concern governments, as a shift away from traditional banking systems could impact their revenue streams. some governments won't feel good about the existence of cryptocurrencies, because If the world becomes increasingly reliant on cryptocurrency, banks may lose customers, and governments might struggle to collect revenue. This could lead to a decrease in government employment opportunities and a shift towards self-employment and entrepreneurship.