Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?
I think that crypto technology is a business, so one of my goals is to make a profit from it. even a developer of a project also has the main goal of getting profit. Maybe another goal is to be able to understand more deeply about this technology. However, other goals will definitely keep coming, and end in increasing profits. I think that's the main goal of all of this.
There is no standard or special reason for everyone to adopt cryptocurrency. In fact, some people are in the cryptocurrency industry without any reason, but however, I can surely say some sample of reasons that made people to join crypto currency as follows;
- Not to be left out
- For financial gain
- For privacy
For investment purposewith all of those mentioned? in this one that I believe we will not agree completely .
while we should consider crypto as investment but never forget the main purpose and objective of satoshi in creating this , and that is to use this as payment tools/material and not just for keeping.,
the coins must be circulated and that is for me the main reason why the prices are still not moving forward.
the value does not serve its purpose.
the reason why I adopting cryptocurrency is to avoid inflation. I feel that it is not fair when my money value decrease only because government print more money as they want. I was working and save money to keep me life. and once they print more money, my hardwork becomes less worthy. for me it is better to save some of my money in form of bitcoin although it volatile but I am experienced enough to make a good strategy to invest in btc.
Inflation happens when the cost of living and things we buy goes up. This can be because of printing more money, but there are other reasons too. Some people mistakenly think it's only about printing money.
The amount of money today isn't 137 times more than in 1922.
You can see the numbers here:
[Link to the statistics]In 1922, the money was a lot less, around 4483 billion. If we multiplied that by 137, it would be 611 trillion. That's more money than there is in the whole world.
If the value of Bitcoin doesn't grow more than the cost of things we buy every year, it doesn't really protect you from inflation. Having less purchasing power means Bitcoin isn't a good way to guard against inflation.
If there's 5% inflation every year for 100 years, then what costs 131.5 in 2122 would only be worth $1 now, not 18k.
Lets use an example of 18k anyway. If $1 is worth 18k in 2122 and a car costs 414 million then (23,000 x 18,000), for you to have the same buying power, one Bitcoin would have to be valued at 414 million.
great explanation and yes your stats serves better for everyone to understand , thanks for sharing mate.
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. Well done.
