Topic: Just a reminder '' Cryptocurrency'' (Read 522 times)

I still do not leave the idea that the cryptocurrency can be not only a means of payment. But also help in other areas of our lives. Because it is a very flexible technology that can be used everywhere.

You are right OP, most of people don't see the technology behind, and they think that crypto is just a way to make rich or to make huge profit, if they come only for this they should invest on something else, and not crypto.

It s the best technology which made our life so good that why all of us need crypto currency and we are making our daily needs fulfill so easily with help of crypto currency. it is on demand now all over the world as it is not the only city or a country but all over the worldly crypto currency has gain popularity even so many backward areas now have crypto currency access.

I am still sceptic about the main aim of Cryptocurrency being a cheap and easy payment system being achieved, instead it has been a medium to perpetrate a lot of scam and THEFT, The price fluctuations which causes value instability is equally not helpful on this part

You cannot blame a person if he or she is being desperate to earn money from joining bounties. As you've said, they never know the real purpose of cryptocurrency. I do hope newbies and other members will read OP's expressive opinion to know that crypto is meant to solve the problem and to make the transactions easier.

crypto is currently very much needed by many people with increasingly sophisticated technology that can help us complete transactions quickly and comfortably and safely, but until now there are still many countries that still reject it and some have received it with consideration that crypto should be used by the world community

The OP is much more about ICO token/coin that needs to have a real usage or unless it will bound to die.
We've seen hundreds of tokens that being created without any real usage and just been a escape goat from the people that want an instant money and tbh I'm losing interest on ico tokens.

While some is promising but lack of marketing and will end up piling in the shitcoins and there's some that shit but the team knows well how to hype their token, isn't it unfair? 

approximately in this direction, everything is moving in the cryptoindustry, projects are being created that should simplify the lives of people, and at the same time allow investors and traders to earn money from the fluctuations

but i see here, most people just care about profit,i mean yeah that technology is good.
but more people prefer to take profit then see the advantage technology.
so why not use both, take profit and technology.

It can also be said, entering crypto industry to earned, most of those who invested their money are expecting for a good returned, believing that there's something that this market will delivers, projects are there promising something that achievable if everything went according to the plans.

I am sure that unreasonable people have long left the cryptocurrency industry. There are only enthusiasts who believe in blockchain technology and are ready to develop it together with the rest of the community.

These days icos try to bring what people want where it used to be a functionality or inovation that was the main driver. Sure some finer icos got out of sight because of the amount of icos fired in to the wild. Same for masternodes.

the use as blockchain technology helps on field of work with the business on finance the returns to gives with chance on developer as compounding of shifts with difference on excess with the manage as offering service for public audience of the objective with the dedication.

Despite your low rank, I am very happy to see the right thoughts.It pleases.The problem really exists and many have already forgotten why the cryptocurrency is needed at all.Greed and thirst of fast enrichment alas overshadowed the minds of many.For the development of technology, you can already do useful things now. For example, write quality content.By the word, quality, I mean the one in which you understand and which will be of interest to the public.

basically everyone joined cryptocurrency to get rich, it called bullshit when you say not agree with that
almost investor on some project just focus on their asset

This is a wonderful write up which is trying to explain the concept of cryptocurrency and the blockchain technology, it's our responsibility to educate the masses about the benefits of this amazing financial concept which has helped to change the world economy

Wel it ends in one thin,that the main objective of satoshi is to help people lowering the fees in every transactions,to make more faster and reliable for everyone

I don’t care about scam issue because it has been here since the beginning but after 10 years it was just a bullshit to be mentioned again.we will make this things possible in anyway in every way

Its crazy to see newbies blindly investing in any ICO they see without knowing what's the use case of the token or coin and guess what ? They will be the ones that shout out loud about 'I'm scammed 'and 'cryptocurrency is scam' who is to be blamed here? Its the investors and not the scammers fault ,if everyone start learning how to invest in the right projects scammers will slowly find there way off cryptocurrency world

The word says it all, crypto means the world of cryptography, this explains the cryptography of units, for example, in an account, there are passwords that are meant to be hidden in that case, it is being cryptonize so that, no one can understand and figure out what it is, just the same in the cryptocurrency, a more secure and reliable way to make transactions. That is just I am not favorable to your opposition because I see the mainline of crypto here as a tool for efficient transaction in the market. A free way to expand our investment.

Bitcoin created because Central Banks always print the money and this policy lead to another economic crisis. Beside that, there is no transparancy in money supply and banking transaction. Right now people still use cryptocurrency as speculation asset

I wonder why post like this is not getting enough response,this is a post that have addressed a major issue in the crypto sphere,i hope we can have the right people with the right mindset fill up the crypto sphere,t be candid,Blochchain tech and Cryptocurrency has a lot of potential waiting to be explore.

Yes, the idea behind crypto is for it to solve problems and to be a medium of exchange better than fiats but it is also an investment vehicle and the reason for this is because of its fixed supply which tends to increase its value as many people are using it in their day to day transactions

So many new developments happen in this sector and industry leaves the useless traces behind. New projects are able to change the traditional world form 1 to 9 if they are gonna be successful.

Greed and selfishness is the reason why the world economy is a near mess. The obscurity and decentralization make up of the cryptocurrency cryptography has given opportunity to some people to run scams freely in cryptocurrency. I am happy that cyptocurency ecosystem is every dynamic and evolving to finding best ways to solve its problems. That is why we have IEOs now

I think almost everyone who gets to this forum is atleast aware of what cryptocurrency is so i think there is no need to define cryptocurrency here what we should do is create more awareness campaigns, we should look how crypto adoption can increase, how a common man can access and use crypto, what should be the marketing or promotional strategy to reach the masses, such topics are required and will be much more productive.

It might sound funny trying the explain what cryptocurrency is all about, but I think it is needed now than ever because people are changing the ideology of crypto being the cryptocurrency created for decentralized transaction to a platform were we can make purchase of coins and begin to hope that the price goes high so that we can make a lot of profit. We need to stop focusing on just the price of crypto and start focusing on the technology.

maybe instead of "reminders" and stating of the obvious problems in this market we should start discussing about possible solutions to eliminate such problems and such bad mentalities that have formed up in the past couple of years among the newcomers who enter this market and instead of facing with the technology itself they face a large amount of advertisements from altcoin creators who are telling them their coin is the best thing with lots of false promise.

there are still many people who don't know cryptocurrency and they only know bitcoin, all crypto they call bitcoin. whereas crypto technology is a blockchain. this requires learning to the public so as not to misinterpret and get caught up in a scam

Blockchain technology is indeed designed for a transaction, but it has many other advantages. Currently, this technology is used in the investment market. Now there are not many companies that have already transferred their assets to Crypto. Now we are waiting for the rise, so these technologies are the future.

I believe it too. Although we know that cryptocurrency still on the progress to develop more, we can see that cryptocurrency have a bright future and people will the benefits of cryptocurrency soon. Many people still underestimate the crypto because they still think that crypto could only help the illegal thing but the truth, if they can learn something, they will found that the crypto already helps many people to get a better financial.

The question is, if we keep doing it that way and everyone keeps investing without making use of the crypto as payment, wont it eventually defeat the objective of the block chain technology.

Just like OP mentioned, majority of us are seeing it strictly from the aspect of investment and we pump in money for the purpose of multiplying it and any little increase in price, we pull out our funds if we are lucky to buy at bottom, this is quite wrong and bad for the system, all we will end up getting yearly is an unstable coin with so many pump and dump going on, I don’t think the market will ever become less volatile with the conception.

then that means it is not an "asset". even the name is saying it is a "currency".

it is not the "best" way but it is the easiest, fastest and cheapest way to make the most amount of profit in the shortest amount of time that is why pump and dumps are the dominant reason why any altcoin exists specially the top ones.

i hope that too but i gave up on altcoins a while ago and i am only focusing on bitcoin and use altcoins to increase my bitcoin wealth because in my experience bitcoin is the only thing that matters.

People getting into greed is common and the same hasn't striked the users mind without reason. There are lot of users who have turned millionaires just through making an investment into some ico or on bitcoin. This all happened on cryptocurrency. Several of these incidents creates greed, why we can't be the same. This is how things happen, majority of the users understand and move according to the market while few keeps on investing more.

Nothings can make these impatient guys rich overnight,even 1000x cryptos or shitcoins. Elimintaing the third parties or medium companies can be advantage but using this advantage for accelerating the mass adoption is better idea than competing with big payment companies.

Cryptocurrency is one of the best phenomena that has happened to us. This is a promising direction, which in the future will be firmly established in our world and will be actively used. I really believe that.

You have that type of crowd in every branch where you can trade assets and they will never leave. To some degree everybody hopes to get rich quick.

Cryptocurrency and blockchain technology are extraordinary things for the development of the world economy. However, because the wrong perception of greedy humans became crypto as an asset to get wealth instantly so people began to become victims of greedy humans.

The key utility of cryptocurrency is just to transfer value or make transactions in a secure, cheap and obscured manner. Any other value or technology it offers it just an added merit

This is a Simple true analogy of the present situation and you didn’t add researching lol
We need to research well to avoid fraudulent icos and fake bounties

You can never get rid of the get-rich-quick crowd and scammers as long as there is profit to be made. The best we can hope for is that the right people comes at the right time and do something that will change the world.

basicaly yes, you are true
but , nothing is free bro
how u create a transaction without someone mined the blockchain,that why born a miner
how u secure ur transaction without buying the crypto first,that why born a market.
everything can change by time,
about crypto it self,
basicaly its same like electric voucher , like grab voucher or something like that.
the diffrence its crypto have a own network.
that why crypto is easy to be manipulated,
in this cases, its same like gold as a beginning,
change primitive economic thinking that focuses on barter.
and after trading to gold accepted,born a money based on how much u have gold to make it simplified
on that time,
greedy is born, once they know gold has a limited numbers.
...
well
in the end, crypto will acceptable.

Thank you for this bitter truth, it might not appear as something people want to see but that is the truth, we need to get back to the drawing back to the basis if this technology will develop the more.

I believe that despite all the bogus claims in many projects whitepaper on how they want to be the 9th wonder of the world, the fact remains that cryptocurrencies were developed for secure and decentralized financial transactions and thats the core value

Well, what are the suggestions to help the technology? I think that for most people, cryptocurrencies are just a way of earning money and the interest in popularizing cryptocurrencies is only of its own nature for profit.

Yeah the basic function of a cryptocurrency is transparent, instant, cheap and global transfer of money or asset that is not interferred by any government, bank or regulator and this concept define decentralization and at the same time the borderless vision behind crypto.

ya I defintiely agree with what you are saying and how we can't lose sight of the true purpose of cryptocurrency. Have you ever heard of ampleforth? it's a great project that I think aligns very well in what a true cryptocurrency should play out in the world.

Well, the author of the topic, you created this discussion. But what exactly do you propose to do?
I would say that the idea of cryptocurrency needs popularization. Most people do not understand what it is, why it is needed and what problems it can solve. Therefore, I suggest that everyone who figured out the issue of cryptocurrency, explain this topic to their friends and acquaintances. And so the world will gradually prepare for a blockchain revolution.

The huge to get rich by all means through the use of cryptocurrency as thrown out crypto sphere into a state of loss instead of profit and benefits of technology that should have sustain us for a very long time to come,there are so much we could have benefit from cryptocurrency and blockchain technology but greediness on the part of many has made it just mere dream

As you menntion in your post, this is the reason of the proliferation of scams.. with all "wanna-be-rich" in a while that pot threads like "tell me a coin to make a x1000 return". Before investing in anything, ask yourself about the case of use of this project.. it is useful? solves a problem? will be accepted massively? For me, the best of cryptocurrencies is the lack of requiring a third party, this will lower the price on many many many many many sectors

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
Unlike what many are thinking, crypto is meant to make transaction easy for the world at large, also eliminating third party influence, an alternative to fiat, we are suppose to see it that way and not as an investment, it suppose to be a priviledge to make profit out of it not see it as a way to get wealth and that would have help the technology to grow and attract the right support, but it is a pity that the crypto sphere is full of so many greedy people appearing to be dev and investors, no wonder we have so many fake projects and no wonder some people somewhere we feel that manipulating the market is the best they can do to the crypto sphere.This is a technology that has the potential to change the face of financial transaction, but because of greediness, we have empower the opposition to make a claim that crypto is a scam
So many are ignorant of what cryptocurrency is and the problem it was meant to solve, some are even exploring the forum searching for projects that can make them rich without knowing what crypto is all about, the purpose for it and the problem it mearnt to solve, and that is why many are investing into fake ICO, they never care to find out the purpose the project was develop, the problem the project want to solve and if proposed solution is relevant to it target area.I just hope we can do something to help the technology.