The impact of crypto on our lives

[bayu7adi]

I haven't used crypto for transactions like you explained. I still use banks for transactions, because transactions in my country do not allow the government to use bitcoin or other crypto. I only use crypto for investing

So, why are you interested in Bitcoin or other cryptocurrencies? If you can't make transactions in your current country, you should also have difficulty exchanging or owning them. Countries that actually prohibit cryptocurrency transactions at least also have area restrictions in implementing their rules. If you can't make transactions in your country, you should still be able to use your trusted VPN and buy something from another country. Cryptocurrency never limits its circulation area as long as it is covered by the internet.

[LUCKMCFLY]

I have friends who work in crypto and they support their families on that salary. They work for a DAO and it's not trading or developing code. The legal market is massive now with everything going on with lawsuits and regulations. Maybe some of the work is not guaranteed for a longer period with a regular employment contract but if you believe that crypto is the future and you don't require that kind of stability then I think there are plenty of opportunities

Currently, more and more people are trying to support their families just by trading in the crypto market. In fact, several local crypto projects in my country also recruit skilled young people who have insight and ability in programming and blockchain. And they get a salary in developing the project. And yes, the point is that crypto has really become a part of the lives of many people who know crypto. So it is not surprising that in the future crypto will be difficult to separate from everyday life.

Hopefully, it will not be separated at all. Just how we can't go back to a day where we don't have internet or now help from AI.

Well digitalization is the main focus in all countries today. Literacy related to digitalization, especially about crypto, is the main thing in my country. Oh yes, the CBDC that is being developed by many countries also uses blockchain technology. So it seems like we will increasingly be inseparable from cryptocurrency. Even though there are still many countries that still reject Cryptocurrency or have not yet legalized it, one day they will definitely accept it even with stricter regulations.

Well, it's good that your country accepts cryptocurrencies and you can have total and complete freedom to carry out operations, although I am a person who would like to go further, I would find a country that accepts cryptocurrencies and allows anonymity to those people who want to have it, I would say yes. A country is like this and allows transactions in that way because it tends a lot towards development and is in the process of developing and being at another level, because the government knows and understands that people need to have their financial freedom to achieve your objectives and we all know In crypto you can, take advantage of everything you can from your country for the freedom they are giving you.

[NotATether]

I haven't used crypto for transactions like you explained. I still use banks for transactions, because transactions in my country do not allow the government to use bitcoin or other crypto. I only use crypto for investing

So, why are you interested in Bitcoin or other cryptocurrencies? If you can't make transactions in your current country, you should also have difficulty exchanging or owning them. Countries that actually prohibit cryptocurrency transactions at least also have area restrictions in implementing their rules. If you can't make transactions in your country, you should still be able to use your trusted VPN and buy something from another country. Cryptocurrency never limits its circulation area as long as it is covered by the internet.

Banks can only stop you from buying and selling crypto but once you already have it, they can't stop you from making transactions and crypto payments using it.

It is a well known fact.

People can still be cautions about involving their bank into any crypto transactions, but once you're on the Internet, you've got nothing to fear.

[MrSpasybo]

Banks can only stop you from buying and selling crypto but once you already have it, they can't stop you from making transactions and crypto payments using it.

It is a well known fact.

People can still be cautions about involving their bank into any crypto transactions, but once you're on the Internet, you've got nothing to fear.

In general, banks in "crypto-unfriendly" countries may freeze all fiat transactions of users related to crypto, for example, information attached to transactions such as "buy BTC". Users may even face more trouble when their accounts are frozen and investigated for money laundering or using crypto to make payments instead of fiat.

In such countries, for example Vietnam, holders can sell crypto for fiat through P2P, OTC, and then use fiat to pay bills. Directly using crypto for payment is considered illegal. In many other countries, people can access crypto payment methods, but in essence, their crypto is sold through a third-party service for fiat and then paid with fiat, the seller will receive fiat instead of crypto.

[dekafee79]

Banks can only stop you from buying and selling crypto but once you already have it, they can't stop you from making transactions and crypto payments using it.

It is a well known fact.

People can still be cautions about involving their bank into any crypto transactions, but once you're on the Internet, you've got nothing to fear.

In general, banks in "crypto-unfriendly" countries may freeze all fiat transactions of users related to crypto, for example, information attached to transactions such as "buy BTC". Users may even face more trouble when their accounts are frozen and investigated for money laundering or using crypto to make payments instead of fiat.

In such countries, for example Vietnam, holders can sell crypto for fiat through P2P, OTC, and then use fiat to pay bills. Directly using crypto for payment is considered illegal. In many other countries, people can access crypto payment methods, but in essence, their crypto is sold through a third-party service for fiat and then paid with fiat, the seller will receive fiat instead of crypto.

Actually, I also see why there are still countries that prohibit crypto, even though in several countries the government has started to legalize crypto for investment. The government of the country that prohibits its citizens from investing in crypto should learn more and deepen their knowledge about crypto,

[Cryptsafe]

I haven't used crypto for transactions like you explained. I still use banks for transactions, because transactions in my country do not allow the government to use bitcoin or other crypto. I only use crypto for investing

So, why are you interested in Bitcoin or other cryptocurrencies? If you can't make transactions in your current country, you should also have difficulty exchanging or owning them. Countries that actually prohibit cryptocurrency transactions at least also have area restrictions in implementing their rules. If you can't make transactions in your country, you should still be able to use your trusted VPN and buy something from another country. Cryptocurrency never limits its circulation area as long as it is covered by the internet.

Banks can only stop you from buying and selling crypto but once you already have it, they can't stop you from making transactions and crypto payments using it.

It is a well known fact.

People can still be cautions about involving their bank into any crypto transactions, but once you're on the Internet, you've got nothing to fear.

I think OP seems not to understand how the Crypto space works.  Crypto involves a p2p transaction void of third parties which nobody can detect be it the bank or the government and her agencies. Open can transact anonymously with whomever he or she wants to without being bothered in any way.

Only what OP needs to do is just open an account with any of the exchange or wallet, use the p2p section of the exchange if OP country is available, them OP could transact or contact anybody who has the coin to transact with them and they should not write anything Crypto related on the transaction memo. That is it and nobody would know the nature of the transaction.

[Faisal2202]

Yeah, although many people enter the crypto market to pursue a new financial model in which currencies are no longer under the control of governments, honestly, I think most investors only focus on and prioritize profits from the market. Crypto can be a financial revolution, but it can also simply be an easily accessible investment channel for everyone in need.

I hope that the potential of the crypto market does not create FOMO and losses for many inexperienced investors. Losses always exist in the market and become fuel for the market to develop further, but I don't think this crypto market needs the live of any investor. Investors should only invest the amount that they are willing to lose to participate in this highly volatile market.

You are right, I am investing in crypto because it's easy for me, I don't have to visit banks, or give any type of documents attested from this and that institutions, I don't have to get huge links to some agencies, etc. For example, we need more funds, and more resources to create an account for the CME exchange and relevant ones. Besides the easiness, the control we get is also appreicatable. Like we can withdraw anytime with a lesser fee. I love investing in crypto due to its potential and the facilities it gives me.

Speaking of losses in the market, that's definitely a good point, because if everybody is making a profit then where the money is coming from? You say investors should only invest money that they are willing to lose, but to be very practical, I don't think a single person/investor investing funds in crypto is willing to lose his funds. Although If I had $5 then I would invest it anywhere without any fear. So if we think of big parties like having billions, for them thousands would be like $5 so they might take the risk with that.

[akeemqaz]

Crypto has made things easier for me, and honestly, I've learned a lot and have become mentally and emotionally stronger due to different kinds of rug pulls, liquidations, and more. However, sincerely, crypto has helped me financially. I got a lot of free airdrops, and I follow market trends to read charts and trade. Now, I'm hoping to get lucky on memecoins as well. I can only say that I was once lucky with MOG, which I bought immediately after it was listed on Bitget, and I sold some after its listing on Mexc. The profit I made from just that one coin is helping me more than I expected. Thanks to crypto.

[UNIVERSE]

Actually, I also see why there are still countries that prohibit crypto, even though in several countries the government has started to legalize crypto for investment. The government of the country that prohibits its citizens from investing in crypto should learn more and deepen their knowledge about crypto,

We have no ability to force all the countries to accept crypto. Sure, there are already many countries that legalize crypto because the governments know the potential of crypto for the future life. However, if there are few countries that still don't legalize crypto, they may have own consideration. In my country, our government only allows to use crypto as digital assets and it is prohibited to use for payment purposes. It is because only our local currency is allowed to use for the payment purposes in my country. Our government doesn't allow crypto for payment purposes because they follow our laws, it is not because our government has lack of knowledge. So, it is not about knowledge only but it is related to many factors.


Legality of crypto in each country around the world.



https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory

[MUGNIA]

I haven't used crypto for transactions like you explained. I still use banks for transactions, because transactions in my country do not allow the government to use bitcoin or other crypto. I only use crypto for investing

So, why are you interested in Bitcoin or other cryptocurrencies? If you can't make transactions in your current country, you should also have difficulty exchanging or owning them. Countries that actually prohibit cryptocurrency transactions at least also have area restrictions in implementing their rules. If you can't make transactions in your country, you should still be able to use your trusted VPN and buy something from another country. Cryptocurrency never limits its circulation area as long as it is covered by the internet.

Banks can only stop you from buying and selling crypto but once you already have it, they can't stop you from making transactions and crypto payments using it.

It is a well known fact.

People can still be cautions about involving their bank into any crypto transactions, but once you're on the Internet, you've got nothing to fear.

actually there is no need to be afraid as long as the money used is personal money and not the result of fraud or corruption, especially if we only buy in small amounts the bank will not care about all the transactions which in my opinion are not that suspicious

[Makus]

I have been in this crypto market for several years and have many complex emotions and memories with it. For those participating in this market, many friends sold their houses and borrowed to invest in crypto when they suffered from FOMO, I saw many people become rich, and others dragged their whole families into poverty and debt. Worst of all, many people seek death to escape the obsession of loss and responsibility

It's wrong for anyone to sell any valuable asset to buy crypto, because there are risks to that lies within. You could end up buying a scam project and all your investment would go to waste. That is why we must first have a source of income and then start accumulatiing based on your financial level. You could use the strategy that works best for you, as for me, I recommend using DCA. The only time I can recommend selling a property to buy a crypto currency is when you already have a replacement of that same thing you are selling out.

[milewilda]

I have been in this crypto market for several years and have many complex emotions and memories with it. For those participating in this market, many friends sold their houses and borrowed to invest in crypto when they suffered from FOMO, I saw many people become rich, and others dragged their whole families into poverty and debt. Worst of all, many people seek death to escape the obsession of loss and responsibility

It's wrong for anyone to sell any valuable asset to buy crypto, because there are risks to that lies within. You could end up buying a scam project and all your investment would go to waste. That is why we must first have a source of income and then start accumulatiing based on your financial level. You could use the strategy that works best for you, as for me, I recommend using DCA. The only time I can recommend selling a property to buy a crypto currency is when you already have a replacement of that same thing you are selling out.

Never ever comes into my mind in selling out my property to make some investment on crypto specially that it is already that income generating. On the moment that you would really be doing such option then you are really that putting up yourself on such great risks. This is where you should really be that wise when it comes to investment on which you would really be putting up focus on where you could be able to earn but since we are really that finding to have multiple ones then this is where we do really tend to dive in into other options on which it would really be that something that you would really be that considering but its never been wise on selling out property specially if its really that having that nice appreciation as years passing by
or something that income generating which it would really be just no sense if you would be selling it on that condition.

[dekafee79]

I have been in this crypto market for several years and have many complex emotions and memories with it. For those participating in this market, many friends sold their houses and borrowed to invest in crypto when they suffered from FOMO, I saw many people become rich, and others dragged their whole families into poverty and debt. Worst of all, many people seek death to escape the obsession of loss and responsibility

It's wrong for anyone to sell any valuable asset to buy crypto, because there are risks to that lies within. You could end up buying a scam project and all your investment would go to waste. That is why we must first have a source of income and then start accumulatiing based on your financial level. You could use the strategy that works best for you, as for me, I recommend using DCA. The only time I can recommend selling a property to buy a crypto currency is when you already have a replacement of that same thing you are selling out.

Never ever comes into my mind in selling out my property to make some investment on crypto specially that it is already that income generating. On the moment that you would really be doing such option then you are really that putting up yourself on such great risks. This is where you should really be that wise when it comes to investment on which you would really be putting up focus on where you could be able to earn but since we are really that finding to have multiple ones then this is where we do really tend to dive in into other options on which it would really be that something that you would really be that considering but its never been wise on selling out property specially if its really that having that nice appreciation as years passing by
or something that income generating which it would really be just no sense if you would be selling it on that condition.

Investing in crypto is very risky, if you want to invest, don't use the money you need in the near future, because crypto investment is holding bitcoin for the long term.  Even though it is safe, it is not wise to sell property to invest in crypto, the risks are very large.  Even though investing in crypto can generate bigger profits than property, investing in property is much safer.

[yohananaomi]

Banks can only stop you from buying and selling crypto but once you already have it, they can't stop you from making transactions and crypto payments using it.

It is a well known fact.

People can still be cautions about involving their bank into any crypto transactions, but once you're on the Internet, you've got nothing to fear.

In general, banks in "crypto-unfriendly" countries may freeze all fiat transactions of users related to crypto, for example, information attached to transactions such as "buy BTC". Users may even face more trouble when their accounts are frozen and investigated for money laundering or using crypto to make payments instead of fiat.

In such countries, for example Vietnam, holders can sell crypto for fiat through P2P, OTC, and then use fiat to pay bills. Directly using crypto for payment is considered illegal. In many other countries, people can access crypto payment methods, but in essence, their crypto is sold through a third-party service for fiat and then paid with fiat, the seller will receive fiat instead of crypto.

Actually, I also see why there are still countries that prohibit crypto, even though in several countries the government has started to legalize crypto for investment. The government of the country that prohibits its citizens from investing in crypto should learn more and deepen their knowledge about crypto,

The state must always be present for its people. Actually why are there still countries that don't accept crypto? Of course there is a reason and those who know, because all authority lies with the government that determines it, there may not be any regulations that can regulate the existence of crypto, so they have to be careful. Indeed, in the future, everyone will not be able to avoid advances in crypto-technology.
As long as it is not permitted, it is not good to go against the rules set by the government, because at any time you could be caught too.

[doc]

Banks can only stop you from buying and selling crypto but once you already have it, they can't stop you from making transactions and crypto payments using it.

It is a well known fact.

People can still be cautions about involving their bank into any crypto transactions, but once you're on the Internet, you've got nothing to fear.

In general, banks in "crypto-unfriendly" countries may freeze all fiat transactions of users related to crypto, for example, information attached to transactions such as "buy BTC". Users may even face more trouble when their accounts are frozen and investigated for money laundering or using crypto to make payments instead of fiat.

In such countries, for example Vietnam, holders can sell crypto for fiat through P2P, OTC, and then use fiat to pay bills. Directly using crypto for payment is considered illegal. In many other countries, people can access crypto payment methods, but in essence, their crypto is sold through a third-party service for fiat and then paid with fiat, the seller will receive fiat instead of crypto.

Actually, I also see why there are still countries that prohibit crypto, even though in several countries the government has started to legalize crypto for investment. The government of the country that prohibits its citizens from investing in crypto should learn more and deepen their knowledge about crypto,

The state must always be present for its people. Actually why are there still countries that don't accept crypto? Of course there is a reason and those who know, because all authority lies with the government that determines it, there may not be any regulations that can regulate the existence of crypto, so they have to be careful. Indeed, in the future, everyone will not be able to avoid advances in crypto-technology.
As long as it is not permitted, it is not good to go against the rules set by the government, because at any time you could be caught too.

But in reality, even if it is prohibited, residents are still looking for ways to do it.  Because I don't think this is a criminal act because it's just investing in crypto.  As good citizens we are obliged to obey these rules, but we also have to find a reasonable reason why crypto is not permitted in a country.  Because many other countries whose governments have allowed their citizens to invest in crypto