Why the world really needs virtual currencies

[rodel caling]

Virtual currencies often give you profits in a short time and the bitcoin has been accepted prior among virtual currencies.
Much security, less time taking process makes a virtual currency demadable than a physical

the virtual currencies give decent job and profit to us using bitcoin helping for the daily needs, help to grow the economy of the world. the virtual currencies
using the bitcoin as a decentralized cryptocurrencies giving opportunity to all people to become a rich.

[channingwilmer]

because the world is changing and people are working mostly on the internet and with their computer. Therefore, they need a new kind of currency which is faster and relate to the cyber world. That is why bitcoin is created and cryptocurrencies are made

[YTBitcoin]

I love articles by people that have never touched a single bit of manual labor that townhouse something is going to have an effect on the working class. The fact is that the working-class doesn't need any help and anytime that you help them they're going to cease to be to work in class if that's an effective measure. And Bitcoin is the need of that working class.

Your example is absolute. But can you please specify any class which you talking about?? because in this world of hurry there is many type of classes and we don’t know that is the need of that classes, so I don’t know if I’m getting you wrong then you better guide me, or if I’m right then answer my question. Although some examples are hard to understand.

[ydrogios]

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! 

If you want to protect and preserve your savings, use precious metals. Crypto currencies are good for pure speculation only, and have been around since 1980s - most of the national currencies in the Western world became electronic and hard to produce by unauthorized parties decades ago (back then credit cards must had been seen like a miracle too). I know that production of new crypto currencies is limited and shared among many miners, but still... it does not look much of a safe haven to me, since most of them belong largely to the big capital (building huge farms), and thus their price is subject to manipulation no less than the prices of other financial instruments.

[SaShiRaJaVu]

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! 

The significance of crypto currency is that ,what ever crises happens globally ,crypto currency is safe from it and that is the sole reason people are more interested in this concept and we are seeing more people coming into this new technology.It is an interesting read and lets hope there wont be any more crisis.

[BChydro]

because the world is changing and people are working mostly on the internet and with their computer. Therefore, they need a new kind of currency which is faster and relate to the cyber world. That is why bitcoin is created and cryptocurrencies are made

Sure the world needs a new currency which could take away the power of the banks and the reason i am dealing with crypto currency is because of the freedom it gives to send and receive without the help of a bank.

[Lubang Bawah]

Global transactions must be more massive, and the presence of virtual currency into a faster payment solution, cheaper and practical. I do not like the bank payment system because to verify that we have transfer must contact customer service.

[ydrogios]

Just enable sms-notification and you'll trace each and every transaction on your bank account; nowadays transferring funds via Internet banking (even to a different continent and bank) takes 1 working day. One of the biggest cons with wire transfers is not speed, but the necessity to enter the purpose of your transactions, which completely destroys their privacy, plus additional documents you need to provide for amounts greater than $10 000, which can be a real pain in the grass.

[JL421]

It is just as important and assets now holding a land or an apartment is not easy at all it can be destroyed in a disaster or can be taken by the government or any other reason while virtual currencies they are a secure way to keep funds without letting anyone know that you actually own it

[aeternus]

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! 

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

If currencies of the world were actual money then we will not need to protect ourselves from economic crisis, but things are in such a bad state that we have fiat money, money that has value because the government says so that is why bitcoin was created, to offer real money to people once again and to protect them from the mistakes of banks

[Reid]

USD has been enjoying the position as global reserve currency for the past seventy years.Every thing is internationally traded in USD.Most countries are having USD as their national reserve currency.So,whenever there is a change in USD price,it immediately affects the world economy as well as most of countries economy.So,china,russia,iran had been already searching for another currency instead of USD.Now,bitcoin has given a way to use it instead of USD.By this way,the dominance of USD will come o an end and no country would get affected by changes in USD.

Straight to the point and I like it.
With the USD out of the reserves that nothing is leaned to them. Whatever happened to them cannot affect every country and that chance could make every single country pursue a new start. Without America holding them down and bitcoin on the reserves then our own countries could leap on upgrades and might even cause to make another country the strongest one even the smallest.

[taxmanmt5]

I love articles by people that have never touched a single bit of manual labor that townhouse something is going to have an effect on the working class. The fact is that the working-class doesn't need any help and anytime that you help them they're going to cease to be to work in class if that's an effective measure. And Bitcoin is the need of that working class.

The working-class while has an overall economics instrument does move a lot of money it is the middle class in the upper class that you need to concentrate on helping. If you help the upper class, then the upper class will create more economic infrastructure which will give a place for the working class to spend their money.

[AleSergio]

I really think that world need virtual currencies only because banks are getting more and more greedy and unstable. Also because of a hidden transactions, because i dont see any reason for a bank to know, what the heck im doing with my money.

[LeGaulois]

I really think that world need virtual currencies only because banks are getting more and more greedy and unstable. Also because of a hidden transactions, because i dont see any reason for a bank to know, what the heck im doing with my money.

And you think a bank shall let you use their service to use your illegal money related to criminal activity. Avoid to obey to laws to make their customers happy? In risk to see their name in the media used to describe them as participant t money laundering?

[aeternus]

I really think that world need virtual currencies only because banks are getting more and more greedy and unstable. Also because of a hidden transactions, because i dont see any reason for a bank to know, what the heck im doing with my money.

This is what I think as well, if governments were fiscally responsible bitcoin will not be needed, but once governments have the power to create currency then they abused it and now there is no way to take that power away from them and that is basically why bitcoin exists.

[fabrizoc]

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! 

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

The world really needs virtual currency today more than ever, we need to remove the monopoly in which the banks have put on the transaction systems and start being our central banks. But the rate at which cryptos are coming up is annoying though.

[shield132]

Just enable sms-notification and you'll trace each and every transaction on your bank account; nowadays transferring funds via Internet banking (even to a different continent and bank) takes 1 working day. One of the biggest cons with wire transfers is not speed, but the necessity to enter the purpose of your transactions, which completely destroys their privacy, plus additional documents you need to provide for amounts greater than $10 000, which can be a real pain in the grass.

Why do you need extra privacy when the funds you send and things you make are legal? No, there is no need of this. Also let's think about it: well, you send 10K$ worth bitcoin with no problem and fast confirmation but how are you going to withdraw that amount without additional documents? Don't know if it's possible with bitcoin atm's but in bank no, it's not possible, you still need documents.

[Lieldoryn]

The world has long needed changes. Corrupt politicians and oligarchs have seized power everywhere. The world is ruled by money. So the changes need to start with the financial system. Therefore, there is a growing demand for crypto currency.

[deisik]

Just enable sms-notification and you'll trace each and every transaction on your bank account; nowadays transferring funds via Internet banking (even to a different continent and bank) takes 1 working day. One of the biggest cons with wire transfers is not speed, but the necessity to enter the purpose of your transactions, which completely destroys their privacy, plus additional documents you need to provide for amounts greater than $10 000, which can be a real pain in the grass.

Why do you need extra privacy when the funds you send and things you make are legal? No, there is no need of this

There is a good saying in this regard

It basically says that money loves silence while big money loves grave silence. Even here, on the forum, you will meet a bunch of crooks who are particularly interested (though without any legitimate reason) in how much you receive as an enrollee in some signature campaign, how many posts you make daily, and things like these. In other words, there are quite a few preying and envious eyes out there which eagerly want to look into your financial affairs without being allowed to. So even if your money is totally legit and legal, this doesn't in the least mean that you would want to tell the world about it

[franco123]

It is actually not a need, but it is an option for other transaction. It is just a way of adapting into the digital world we have. It is a good option also for an investment just like forex, but of course you have to manage it and be able to minimize the risk. However, in todays time, it is not actually a need because we are now using digital payments even through our actual currencies in our country. We have the debit and credit cards that transacrs digitally.