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Author Topic: 6 Reasons Why You Should Use Cryptocurrency.  (Read 9403 times)

Offline Duckenth

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #15 on: May 11, 2020, 03:42:30 AM »
Cryptocurrency Indeed has many advantages when compared to ordinary Fiat, Therefore the use of Cryptocurrency is very beneficial for its users.  But unfortunately there are still many countries that have not yet accepted Cryptocurrency as a legal payment tool. Only in developed countries they are free to use Cryptocurrency because it is legal. If in countries that have not legalized Cryptocurrency, the public is still secretly in its use.

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #15 on: May 11, 2020, 03:42:30 AM »

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Offline Andruha1993

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #16 on: May 11, 2020, 07:18:55 AM »
I agree with your statement. In addition to these six reasons, I would add that cryptocurrency can also bring good profits in the future if you entered at the very beginning.
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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #17 on: May 11, 2020, 11:35:56 PM »
I don't think that crypto is safer
 You know that crypto is volatile and fluctuative. You may get profits from high increase of the price only in one night. But, you can also lose much in shirt time.
Aside from that, yeah I love crypto since I knew it in 2017. the assets arw growing well with certain increase of the price

Offline gotbounty

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #18 on: May 11, 2020, 11:55:23 PM »
Well yeah, those are the benefits of cryptocurrency. However, although we all know the advantages of the crypto, why do many countries still forbid the crypto? They only think about the negative sides. Whereas, there are so many positive sides of the cryptocurrency itself. for me, crypto is a worthy thing to struggle with and support.
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Offline ShadowCrypto

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #19 on: May 12, 2020, 06:16:02 AM »
Coronavirus had long term effects we didn't know about that led to seemingly unrelated illnesses that took a long time to trace back

Inflation hit hard, gold proved not to be a safe haven as crypto really settled in

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #20 on: May 13, 2020, 11:54:20 AM »
Crypto currency is good. They really have an advantage over traditional money. But my opinion is that the government does not need bitcoin or other cryptocurrency that is on the crypto market today. They can't control it, so it's not interesting to them. If the government is interested in cryptocurrency, it will release its cryptocurrency.

Offline Bobcrypto

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #21 on: May 13, 2020, 12:48:50 PM »
1. Digital Money Is Much Safer:
If you talk about the traditional digital payments, you need to own a credit or debit card in order to transfer your money. Here comes the role of third party i.e. bank. You have no option but to provide your sensitive financial information to them. But why take the risk when you have a better choice to go with? You don’t need the involvement of any third party as cryptocurrency is based on the decentralized blockchain.

2.Decentralization
As mentioned above cryptocurrency is not controlled by any central authority or association. There are only two parties that are involved in the entire mechanism, and that is the seller and the buyer. It is what makes it far more safe and secure than any other payment option and one of the major reason why you should use cryptocurrency over cash. Unlike Fiat currencies that are controlled by government banks and centralized authorities, cryptocurrency is not controlled by anyone except the owner. Hence the fear that your money will be devalued or inflated is gone.

3.Quick Transactions
Cryptocurrency is all about blockchain technology. Many companies are working on the same field to make crypto transactions more smooth and convenient. Cryptocurrencies let you transfer money anywhere in the world within a few seconds. It is believed that blockchain will facilitate cross-border payment by making the process less time consuming and costly. Although Bitcoin is still leading the race, every crypto is good in its own way.

4.Privacy and Security
Although, crypto transactions are publicly visible there are many cryptocurrencies like Dash that are offering private send features. Such cryptocurrencies promise you complete invisibility of data, which means your private details will not be revealed at any cost. Moreover, crypto transactions are immutable which means once processed there’s no way to revert it.

5.Portability
Bitcoin cannot be destroyed or defiled, unlike traditional
currencies. Cryptocurrencies can be transferred from one corner to another corner of the world. Investors all over the world are trading crypto consistently. The varieties and types of cryptocurrencies are increasing and enhancing at the same time. In the last 4 years, the progress is unbelievably unmatched. People are realizing it at a slow pace that cryptocurrency has far more benefits than the fiat currency.

6. Less Transaction Fee:
Compared with the paper currency the cost of accessing transactions is cheaper with cryptocurrencies.

And in addition to your points,
Bitcoin is best investment options. Bitcoin can be used all over the world without going through a conversion process. It is considered at par with Gold and combines the best of cash and gold while providing an open market and no restrictions imposed by banks or governments.
Again, Bitcoin is impossible to duplicate. There is no way of duplicating a bitcoin, unlike cash.

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #21 on: May 13, 2020, 12:48:50 PM »


Offline babu10

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #22 on: May 13, 2020, 04:23:54 PM »
Yes, this is good communication from you. I also love cryptocurrency for those reasons but matter of sorrow that maximum of countries are not agree with cryptocurrency so that we do it without authorization. It will be successful that day when maximum govt will accept it and we make transaction soundly.

Offline Seerge

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #23 on: May 15, 2020, 05:17:52 PM »
But unfortunately, although Cryptocurrency has many advantages, there are still many people who are not familiar with Cryptocurrency. 
In my place the community is still very unfamiliar with Cryptocurrency they do not understand what Cryptocurrency is, only people who are highly educated, students and students who are familiar with Cryptocurrency.

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #24 on: May 15, 2020, 05:27:22 PM »
I think This could be your own view when it comes to reasons to use cryptocurrency or be part of it. it could actually have as many advantages as possible but the disadvantages prove to be riskier than you could get from the advantages. So, for now, I think we should be more careful
ARCS


















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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #25 on: May 15, 2020, 06:20:28 PM »
Decentralization will be more obedient to people in the future because our funds are safer. No one is blocking our money.

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #26 on: May 22, 2020, 11:31:42 AM »
7. Crypto is more profitable and friendly, than banking.
I prefer to make deposits somewhere like gekkoin, than in my bank account. When money just lay in the bank, they give too small %, sometimes it's not enough to defeat form inflation.

Offline corr

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #27 on: June 09, 2020, 09:20:17 AM »
Crypto currency is convenient but I don't find that convenient for everyone. There is a category of people who are not interested in innovative technologies and who are comfortable using only cash. I do not agree that cryptocurrency is decentralization, security and reliability. There are already many cases when people have lost their coins.

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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #28 on: June 09, 2020, 09:36:39 AM »
Yes, this is good communication from you. I also love cryptocurrency for those reasons but matter of sorrow that maximum of countries are not agree with cryptocurrency so that we do it without authorization. It will be successful that day when maximum govt will accept it and we make transaction soundly.
You are right. Some countries do not accept cryptocurrency and this is very difficult for crypto enthusiasts. I would really like governments to believe in digital money.
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Re: 6 Reasons Why You Should Use Cryptocurrency.
« Reply #29 on: June 09, 2020, 11:35:43 AM »
Cryptocurrencies have a lot of interesting opportunities and technologies, and most importantly, I like the fact that you can make quick transactions in a matter of seconds around the world and of course, the transfer fees are encouraging.
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