Topic: list reasons for using cryptocurrency (Read 373 times)

The reason for using cryptocurrency is because it as the ease to make the paymeny system. Investing in crypto provides luck to have much profit. Yet it is still hard to convince other people to get into crypto because they are afraid of taking risks that they might do. For that case you must know that you have to understand that every business has to take risks in order to make a process, same thing goes in the world of crypto.

The reason for using crypto because it has the ease to do the payment system and investing in crypto gives the luck to get much profit. But it is difficult to convince people to get into crypto especially they are afraid of many risks that will be faced. But give understanding and knowledge that every business must have a risk including the world of crypto.

It is hard to say whether there is a certain list of reasons to accept cryptocurrencies. In fact, it is hard to convince people to adopt cryptocurrencies, since it involves risks due to volatility, some risk of hacks and scams (especially if we talk about new coins). For cryptocurrencies to be massively adopted, the world needs to make some guarantees. Perhaps, it is easier to attract some businessmen by presenting cryptos as something like a stock market, but with more predictable changes.

I would first explain what Blockchain is, then Bitcoin itself. Teaching people involves breaking the knowledge down into bitesize metaphors and analogies. I would tell them that crypto was an investment towards innovation, not a "get rich quick" scheme. If the person has any vision, the analogies should be able to carry the percieved message.
   I still think it's too early for the average joe, to get involved, other than keeping themselves informed.

The first reason behind the use of cryptocurrency is the monetary value. It is believed that investment in cryptocurrency can bring good fortune. Some of those who are into cryptocurrency have become crypto millionaires. This has been a major motivating factor to those who are into it today. Another reason is because it is decentralized. You own your own bank and control it as you like.

I especially believe that the main value is the work of the project and what they have already done. I believe that this is just IT projects in the field of blockchain. And the price depends on the utility of the project for people

The advantages of cryptocurrency include the following positive aspects:
- Availability of cryptocurrency-electronic money at any time.
- At the same time, it is impossible to freeze the account or withdraw the cryptocurrency.
- At any time, you can check the validity of the operations.
- The openness of the code. Thanks to this feature, anyone can produce virtual coins.
- Anonymity. Unlike classical electronic money, transactions with which are easily tracked, it will not be possible to get information about the owner of the cryptocurrency wallet. Only wallet number and limited data on the amount on the account are available.
- Reliability. Hack, forge or carry out other similar manipulations with virtual currency will not work — it is reliably protected.
- In most cases, the Commission is charged only on a voluntary basis.
- The limitations of cryptocurrency. As a rule, cryptocurrency is produced in a limited volume, which attracts increased attention from investors and eliminates the risks of inflation due to the excessive activity of the Issuer. Thus, cryptocurrency is not subject to inflation and is essentially a deflationary currency.
- The cryptocurrency is an independent currency. Its issue no one regulates or controls the movement of funds in the account. This feature attracts many participants of the Network.
- There is no fee for transferring funds between countries.

You are totally right. It just offers so many new opportunities which, if used wisely as you pointed out, could mean a great deal to future payment systems. Cultural coin is a great example for a blogchain project with a specific use. Projects like this even have a value to society and can bring advantages for users as well as companies. Cool project really!

My reason's for using crypto are such as :
It can be used by your mobille.
It's processing is very fast.
it can be use as a investment asset.
It can be Transfer in any where in this world on a single click.
Future of crypto currency is very bright.

Cryptocurrencies opened up a lot of new avenues as an alternative for the age old traditional credit/debit card payment processing. Not only from an investment point of view but implementation and usage of various coins in their respective fields has been improving things overall. Additionally, it is much more secure compared to credit/debit cards as the only thing that needs the safekeeping would be the private keys and wallet backups.

 I think cryptocurrencies have many advantages.  It is fraud proof. It prevents you from identity theft , it helps in quicker processing , it allows lower fee, everybody have access to cryptocurrencies. As cryptocurrency you can control your own money , no centralise power is there,  everything is  decentralized.  So I believe cryptocurrencies have many advantages then Fiat currencies.  This decentralized network is not controlled by anyone.  There is no need of any intermediary,  no trust issues.  No intermediary means less fees.  Thus I think cryptocurrencies have revolutionized  the financial space and I think cryptocurrencies have a strong future.

As using the crypto currency it will be unique and will be proud of using the crypto because we will be the first persons to use it

The main reason to use crypto currency for me is that it is a digital currency and i can use it through my phone for payments at many platforms.

So what the different if you're using your fiat compare bitcoin ?
I think using fiat much easier and able to do all 4 , right ?

I'm using bitcoin only for investment reason , nothing else ( Of course I understand the risk ! )

I think that at this stage of the implementation of the crypto currency in the life of people the very high volatility and low usability of the crypto currency

i buy some encryption .and one day .i suddenly thought i've been using dollars . why do i use encryption? there is no reason not to use it!

My reason for using cryptocurrency

1)Pay monthly bills (like electricity, water bill)

2)Pay tuition fee for my kids

3)Buy prepaid loads for my mobile

4)Buy profitable cryptocurrency that can give me profit in the future by holding them.

number 1,2 and 3 i can do those because i am using coins.ph as my web wallet.

There are many reasons! Diversity of investment is something good. Safety and security can be bolstered by using it (the right way) and it's ofc an interesting growth market - it also got a novelty touch and gives the user more independence! I guess in the future there are going to be even more options how to implement the technology into our daily life - Ticketing services like the Cultural Coin are a good start but i expect there will be many different usage opportunities to come. ^^ We are just scratching on the surface.

Crypto currencies are the next generation of money anf it can be used by all the people in the world in future because crypto currencies are familiar with currencies now and people are also likes to invest in crypto currencies more for their future profits .

Firstly, it is instant. Secondly, there isn't too many options if a person has to send out money to another country. Cryptocurrency solves that problem. You might not realize that cause you might be from a first world country but a person from poor country or third world faces this problem.