Reason I still survive in cryptocurrency

[pelana vreo]

I saw cryptocurrency in response to my dissatisfaction with the system used by the bank.
very funny, we give bank loans, we pay monthly bills and the funny thing is that our money is used to make loans to other people. is that really the system we are looking for?
if I'm not, I'd better save my money in cryptocurrency and only use the bank as a reason I can withdraw the cryptocurrency with FIAT.
what do you think about this

I personally do not understand why many associate their financial activities with banks and their loans. I have never used bank loans and intend to do without them further. I also do not consider cash the money of banks, not the state. Cash reflects the economic development of society as a whole.
At the same time, cryptocurrency is very volatile in price and you should not rely on it completely.

OP prefers to save money in crypto even though the price is fluctuating, he thinks there will be an increase in the price of the crypto coins he has been holding.

I understand the meaning of the OP making this thread,OP keeps some of his money in the bank, but when he needs a loan from the bank, the bank will give high interest for a number of loans that they agreed upon.

[masterrex]

You know buddy, centralized entities are often strict regarding money transaction, with also high in transaction fees, poor quality service etc. that's why the proliferation of cryptocurrency was growing as we can imagine, because of its decentralized nature of governance. equipped with more faster transaction lesser fees and anonymity feature. that's why cryptocurrency is very attractive. that's the reason why i still survive in the harsh crypto environment.

[Luckyperson21]

The reason I keep working at crypto because I can do it wherever and whenever. In fact, after working in the office, I still worked at crypto. So I can get a lot of money. One more thing, there is so much work in crypto that we can continue to discover new things. Not like in the office. Only 1 job we do.

[Ta.Form]

That's how the bank works. But you can demand your money whenever you want. And the bank is always ready to give it. That's not my reason for continuing to use crypto as an investment, I use crypto as an investment because I already know when prices will go up high. Because bitcoin will be halving every 4 years, so before 4 years happens, I have prepared assets in crypto.

[Delgboke]

Investing all your money in cryptocurrency I don't really think that's the best option when it comes to investment there's no guarantee that your cryptocurrency investment will last forever because you don't weather the certain project you want to invest all your money have intention of lasting long in the cryptocurrency market.

[Peter90]

I saw cryptocurrency in response to my dissatisfaction with the system used by the bank.

You are not alone on that

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

This is the FIRST sentence of Nakamoto's Bitcoin: A Peer-to-Peer Electronic Cash System
Freeing people from financial institutions is the main reason of cryptocurrencies.


Nakamoto didn't talk only about banks. He talked about financial institutions in general, those who have the power to control your money, and with that your life.
Like Paypal for example.

Bitcoin is being championed as the solution to a new payment crisis affecting the adult entertainment website Pornhub. In a blog post on Nov. 14, Pornhub revealed that payment processor PayPal had abruptly stopped servicing its models.

Previously, models throughout the world received payouts via PayPal, which has not publicly stated why it cut them out of its platform.
“We are all devastated by PayPal's decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods,” the blog post reads.

The debacle is just the latest in a string of skittish moves from PayPal, which has become well known for its seemingly arbitrary account shutdowns.

In each case, Bitcoin proponents highlight the benefit of using censorship-resistant cryptocurrency instead. Bitcoin transactions cannot be canceled or denied by a third party since they are peer-to-peer.

Long live cryptos.
Long live PH performers.

[vanjava]

if the reason I stay with crypto is because I see enormous potential with today's technology. considering the increasingly advanced times at least know crypto is the basic thing today. and also with crypto I am sure that problems in finance and product development can develop rapidly and become the starting point for today's technology.

[Uina]

I choose to use crypto on my savings as I don't trust banks that we have now. There were plenty of issues lately, hacking and inside jobs where they rob their clients' savings. Unauthorized withdrawals and use of credit cards here and there and sometimes it ends up without solution.

As for crypto, I feel like I have all the control when it comes to my wallet so I think that's enough for now.

[Coin63@]

Bank loan is possible because bank loan is distributed among people within a certain interest rate scheme which is bound by certain date but cryptocurrency loan is not possible because its only phenomenon via online virtual banking and price always changeable.

[Zemytha]

I am somewhat different, making the bank not only to exchange fiat but also to save money. The bank lending system is like that. And if it's not like that, the bank won't be able to lend money to other people.

[aji678]

My logical reason to stay with the existence of crypto is of course the fantastic crypto price. but also I can make money with crypto that I have.

[trauchot]

The fact is that you can trust banks and if any problem happens, you can immediately go to the bank and solve it, and investing in cryptocurrency always leads to huge risks and if something happens, then no one will help you.

[alltalk]

My logical reason to stay with the existence of crypto is of course the fantastic crypto price. but also I can make money with crypto that I have.

Yeah, people will stay as long as they can earn money from crypto business. If they cannot get enough profits or earn money anymore, I doubt they will survive. However, to make money is not so easy currently since crypto market is in the bearish period. Only a smart trader can earn money.

[Bobcrypto]

Sincerely speaking, the banking system has very little profits to offer it's users while the crypto ecosystem is very volitile but offers a very huge return on investment. Crypto is risky but by far better than the banking sector in my opinion.
If you invest, for example, 1000$ in bank for a year and anther mam invest $1000 worth of bitcoin, ethrreum, Ripple, etc in a year, I'm confident you will earn a good return from the crypto investment than the man
that invested $1000 in the bank. In which ever ways anyone will try both options, the choice will definitely be a crypto investment option.

[Peter90]

The fact is that you can trust banks and if any problem happens, you can immediately go to the bank and solve it, and investing in cryptocurrency always leads to huge risks and if something happens, then no one will help you.

True. The banking system offers this benefit.
That's why I don't say to eliminate banks altogether.

What I don't like about banking is

1) they use my money (giving me 0, ..% interest rates  ), lending it out and feasting on it.

2) banks create currency out of thin air, through keys stroking, (it's called money multiplier), they lend it to you because you need it, but if you don't give it them back they will take your possessions from you.

3) the money you deposit in the bank becomes their money. It's no longer yours.

But that's just me