Cryptocurrencies have grown over the past two years. Even though decentralized, this currency is now used in many countries. A lot of virtual transactions are carried out using cryptocurrencies and the government has slowly started accepting this currency.
...
I just want to know your opinions to these 2 questions:
1. How does cryptocurrency help you in your daily lives?
2. How long have you been into cryptocurrency and how does it changed your life since then?
3. How did you know cryptocurreny?
It's no secret that crypto has grown into a "force to be reckoned with" since its inception back in 2009. Bitcoin started as a cryptocurrency mined by CPUs, where anyone could participate in its consensus with a computer. I'm amazed by how quickly Bitcoin has grown both in development, and user acceptance in only 11 years since it was created. Time certainly flies in the Blockchain world, filled with new exciting ventures that keep you asking for more. It's hard enough to keep track of everything in crypto land nowadays.
Without further ado, here are my answers to your questions:
1. Cryptocurrencies have helped me get a "better edge" of my financial life, by allowing me to control my own money. I can feel confident that my crypto balance will always be there, as governments and other third-parties are out of the system. Before crypto, I used to have bad spending habits, which made me almost bankrupt. After I've discovered it, my life changed completely.
2. I've been into crypto since 2014, back when Bitcoin was worth around $320 per coin. I've started with faucets, and then joined signature campaigns which helped me learn a lot about how Bitcoin and crypto works. It has completely changed by my life as I'm now able to get a better grip of my finances, take care of my privacy, and truly be my own bank. In my early days, I was a victim of scams/frauds in the crypto space. There were a lot of cloud mining services which promised huge gains in such a short amount of time. By that time, I was too greedy thinking that I was going to be able to multiply my investment the more I invested into such services.
I've used to spend a lot of crypto into so called "Hashlets" from GAW Miners, just to lose it all in the long run. Cloudminr.io was another cloud mining scam/ponzi which I've lost a substantial amount of crypto. Based on these experiences, I've learned to always perform a research of a specific company before going all in with my hard-earned money. Participating in signature campaigns, has allowed me to explore the forum more throughly by learning new things about Bitcoin and cryptocurrency in general. Since then, I've been able to manage my crypto responsibly by following the necessary security precautions, using hardware wallets, and mining coins on my own. I always try to avoid cloud mining services, relying only on PoS cryptocurrencies which pay you at the protocol level (no middleman involved). Kudos to Satoshi, for creating a truly decentralized form of money that gives the power back to the people instead of greedy banks subject to corruption, fraud, and manipulation.
3. A few months before November 2014, I've stumbled into a news article where a "hacker" stole some Bitcoin from an exchange. At that time, I was too skeptical about Bitcoin as most people said that it was used for illegal activity. I believed that Bitcoin was going to become a complete failure because of this. Little did I know about how Bitcoin truly worked for Peer-to-Peer electronic transactions. I began to look for more information about Bitcoin across the web, and discoverd the original whitepaper written by Satoshi Nakamoto. Upon reading it, my interests into Bitcoin and crypto have sparked. I then joined this forum in November 2014, and been expanding my knowledge into crypto and Blockchain technology since then. It's been a wonderful journey after all these years.