BENEFITS OF CRYPTOCURRENCY?

[Dr.Bitcoin_Strange]

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.

[albon]

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.

[Dr.Bitcoin_Strange]

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.

[JoyMarsha]

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

[lepbagong]

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.

[bhadz]

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.

[Dr.Bitcoin_Strange]

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.

[|MINER|]

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.

[lepbagong]

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.

[Faisal2202]

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.

[lepbagong]

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.

[Faisal2202]

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 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.

[Dr.Bitcoin_Strange]

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.

[Dr.Bitcoin_Strange]

Reserved.

[Hyphen(-)]

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.