Topic: What are your reasons for adopting cryptocurrency? - page 3. (Read 1165 times)

Cryptocurrency is legally unstable, that's why most people consider cryptocurrencies as a tool to make profit only. However, fiat money acquired by cryptocurrency trading is a bit legally unstable too. The other reason is lack of adoption, most business initiatives never accept crypto without crypto to fiat transfers.

It's simple: there's money. As much as I would like to use flower terms and be technical about it, it is the simplest and most upfront answer. Cryptocurrency gives me another source for steady income. It allows me to be more secure and confident that I have money that is there for me to access anytime I need that is not reliant on my everyday job.

In my personal opinion, the factor of getting profit is the main factor, which makes many people in the world decide to invest or trade in cryptocurrencies. Because it cannot be denied, if for example cryptocurrencies cannot generate profits, surely until now there will be few users. So in my personal opinion the factor of getting profit is the basic factor that is considered by all investors in the crypto space, and myself included.

But apart from the profit factor, I personally also have my own reasons for deciding to invest in crypto currency. One of them

• In my opinion, crypto currency is very friendly with capital
Why do I think like that? That's because investing in crypto currency can be done with quite populist capital, in the sense that it is quite affordable for various groups of people. Because if you look at other investment assets, such as real estate, stocks and gold, they are quite expensive.

• cryptocurrency is proof of the sophistication of today's technology
Because I think that currently the world continues to experience development and has become a modern world. Because of this, I am more determined to invest in cryptocurrencies, because I want to keep up with the times and don't want to be left behind.

• And lastly, that's because of the potential
When I first got to know crypto currency, I did analysis, looked at the history and development of crypto currency. I gain confidence from this analysis, that crypto assets have very good potential for the future, especially bitcoin. Because currently the digital world is very, very important for the majority of people. So because of that crypto currency will definitely rise in name as a digital currency.

So in conclusion because of that I decided to invest and trade in cryptocurrency. Is there any OP or other members who have the same reasons as me?

it is ebcause that is how they have been told , meaning those people that encouraged them to invest or buy crypto(same as how they wanted to be here) re just plainly for money.
but the true essence and objective of Satoshi is for us to be free from the government and not actually for profiting.
lets not become stupid in all cost and try using crypto for paying and transacting .

Yes mate , and that's why i questioned him about that because it is really hypocrisy to tell now for money when in gamble investing here in bitcoin , yes many are seeking for risk but at least in the back of our mind there is a money involved.
many reasons indeed but with one that we all agreed and that is to earn at least.

For me, it's not just about the mad gains. I'm into crypto 'cause it's like a wake-up call to the traditional financial systems. It's decentralized, which means no one's the boss of my money but me. Plus, the tech is wicked cool. It's like we're all part of this big ol' financial revolution or something.

The primary rationale undoubtedly revolves around seeking augmented gains to underpin our respective financial standings. Even when someone embarks upon the journey of delving into Bitcoin with a learning mindset, rest assured, their ultimate aspiration invariably tends towards reaping greater profits. Bitcoin has now solidified its place as a constituent of the financial realm, hence the notion of deriving income from it stands as a natural progression.

Nevertheless, I opine that those possessing a sharper acumen are poised to amass a more substantial financial harvest through their engagement with Bitcoin. Thus, the nexus between intelligence and the magnitude of one's earnings within the Bitcoin sphere remains unmistakable.

It is very difficult to completely stay away from centralized exchanges and it will be even more difficult if you are a day trader. You won't have much choice as decentralized exchanges are still quite limited when it comes to features like trading. But you are right, we should limit storing our assets on centralized exchanges as we do not have full control over our assets. They can freeze or lock our account at any time, just like the bank did. We can still use them for other needs such as trading, and converting to fiat but never leave too many assets on it for a long time even if it is a reputable exchange like Binance.

And usually people who have considered interesting things related to technology, as in the example of Bitcoin, these people will not carelessly give up Bitcoin because they prefer to collect it and think of it as an investment for their old days. I'm sure you will continue to save and buy Bitcoin whenever you have the ability financially, because the type of person who likes something based on his own research is the type of person who more easily puts forward his affection for the assets he has obtained even though he also considers profits through those assets.

Reviews are the main thing that must be seen on an exchange so that when there are problems that we don't want, we as users can directly contact their service because usually an exchange with good reviews has activity in the service sector which is so good. Apart from that, I also agree with what you said that each of us should have a better understanding of all things related to the crypto space so that we can avoid bad things and keep doing research on new things that we don't know about.

Nothing wrong with investing in crypto currencies with the goal of making profits. For me personally the motivation to adopt cryptos was to find cheap ways to transfer money online. In the beginning I mainly used bitcoins to transfer money out of CSGO skins. Unfortunately back in the day I didn't think about investing cryptos and building a long term portfolio with different coins. That came only later when I started to look for alternatives to invest my money. Now my goal is to have assets that are outside of the fiat universe and can't be influenced by the central bank. High inflation and the deterioration of the value of my savings are my main fears why I am investing in crypto currencies. Also, it helps a lot to get more people to invest in cryptos if you make a decent profit with it.

we all love profits, myself included. But its one thing to say you're in Bitcoin for the profit and another to truly understand what that entails. Being in it just for the gains without understanding the underlying principles of decentralized currency might leave you open to some risky bets.

I get it, nobody wants to be the "paper hands" guy who sells at the first sign of trouble. But guess what? If more folks understood the fundamental economics and technology behind Bitcoin, maybe we'd have fewer paper hands in the first place! So, as much as I champion for profit-seeking (and I really do), I equally advocate for a strong foundational knowledge. A well-informed community makes for a stronger, more resilient market.

95% of people in crypto are here for the profits. The other 5% are lying

I recommend limiting and if possible you are better off staying away from centralized exchanges. In addition to privacy, storing assets on a centralized platform is too risky. When you store your crypto assets on those exchanges, it is no longer yours and you are not in complete control of it. Reputable centralized exchanges like Binance or that bitget also have no guarantee that they won't crash. Don't forget that FTX is also one of the top exchanges until they crash without notifying you.

almost everybody here have one objective why there are using Bitcoin, which is to make more money. but personally me I'm here for more then two or three reasons

1:  I'm here to invest and make more money.
2:  I'm here because, I what to have peace of mind. I don't want inflation
3: I'm here because, I want to be using Bitcoin as a means of payment. to avoid bank charges
4 : I'm also here to lean more about Bitcoin and invest and know how to trade very well.
but most important, I'm here to make extra money.

Nothing actually but you’ve to DYOR and stay vigilant, don’t use any exchange you don’t trust unless their good reviews, also make sure you have a good in-depth understanding to anything you’re doing within the crypto space. One of the reason why I use only Binance and Bitget to trade is because of good reviews.

Like other people because of the money, we know how this crypto makes money to the investors but of course not always there's a winning profit,  I get a ride in the market hype at that time and join into different projects that gives a good profit but with this, it teaches me to get wise and be more observant because not all project really gives profit some of them just a rug and scam projects. Now not only with the use of the crypto as earning but also to adopt more convenient to the platform supporting the use of crypto for their mode of payments.

Bitcoin provides a lot of useful use cases for us and each person will have a different use or case. But you are right, perhaps profit is still something that people will care about and prioritize. But that is not wrong because with the current life without money, what does privacy or anonymity mean? I mean, nobody cares about the poor, and if you're poor then you don't need privacy.
Moreover, even governments, banks, organizations are looking for ways to make money, why don't we take advantage of bitcoin to make money? What's wrong here?

Cryptocurrency is a really good investment for me. So far my crypto journey has been worth every investment I have made starting from 2015, so I wouldn't say that I regret anything. I got to know about Bitcoin myself while doing some research, and since I'm the type of person that's always interested in tech stuffs, I found it very interesting and decided for myself to be part of it.

I realized that I first entered crypto because there are those who show off the benefits of crypto often appearing on my twitter and youtube homepage, these influencers provide visuals that are quite disturbing to the eye. so that ordinary people will continue to look for information even by buying crypto even because they are tempted by large profits. We don't realize that they have been given income for free and don't buy from their promotional services, of course they will get lucky even if the price falls bearish because they don't think about the capital spent. the positive side is being able to get to know crypto and continue to learn until now. also the negative side is that there is a sense of continuing curiosity when the price drops for the first time with its high fluctuation.

Is gaining profit the wrong answer here? last time I checked everyone was still so inclusive of whatever reason you're in for bitcoin. Didn't know you guys are now shitting down on "for profit" people just cause they don't send as much "noble messages" as the "for development and building" guy.

I'll proudly say that I'm here because of the profits. I don't think there's anything wrong with that especially if you're playing you're cards right. I get that we're hating on the paper hands out here that sell at the first sight of a dip but at the same time, you can't really blame them, they entered bitcoin like the most of us, without prior knowledge about it besides what we got.