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Author Topic: 7 REASONS WHY: which one are you?  (Read 764 times)
goaldigger
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May 13, 2018, 09:27:13 AM
 #1

I just noticed some questions about this topic so I listed some seven reasons why people want to have a cryptocurrency transaction rather than fiat.

1. INCOGNITO. this is the main reason why people use it. You cannot trace crypto transaction and its perfect from hiding.

2. CONVINIENCE. people nowadays are so lazy that they want to have transaction while seated comfortably on their home. With just one click , crypto can be transferred as payment to whatever they want. Well, who doesnt want that anyway.

3. TREND. basically, people want to try something new, something not ordinary , something innovative and if it was used by all their friends, they want to use it also.

4. ILLEGAL. yes, i dont want to include this but i saw many topics about this also. If you want to buy on black market or an illegal item, your transaction should not be traced as i said on our first reason so Crypto will help you hide on cops but not forever.

5. MODE OF PAYMENT. this is where some people buy an item usually using the profit they had on investing bitcoin even just holding. Ex. If you have 1btc and after a month it becomes 1.5 btc and you want to buy an item that cost 0.005btc and crypto is accepted as a mode of payment, you will use it ofcourse rather than fiat.

6. TECHY. it seems that techy people using cryptocurrency as a mode of payment see themselves as going with the flow of technology considering that bitcoin is the new technology of currency for the new generation.

7. SHOW OFF. whether we admit it or not, some people use cryptocurrency just to make their status up. Telling their friends about how wealthy they are and keep boasting for their ego.


This is what i noticed. So which one are you?

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May 13, 2018, 10:40:20 AM
 #2

I think that you're completely missing the most important economic aspect of bitcoin being a store of value.

With fiat currencies currently being widely adopted, it's almost hard to see where the problem lies with it. But there is a problem, and a huge one, as fiat is not a store of value in the long run. In fact, no fiat currency has ever even survived past a few centuries, let alone retain its value.

With BTC it's different. No central entity has control over its supply, and with the hard coded limits in place, it's a good long term store of value just like precious metals.

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May 13, 2018, 10:43:31 AM
 #3

I guess one more option can be added. Apart from privacy, anonymity, security, ease-of-use, fast, fees (Although Bitcoin fees are fairly low, still not suitable for micro transactions, but with large amounts it beats any traditional mode of payment) and transnational, cryptocurrency transactions are also non-reversible. There is no risk of chargebacks, eliminates chances of fraud.

Since the thread is about medium of exchange, the fifth could be purchasing power.

Yeah, like timerland mentioned apart from medium of exchange, it's store of value/not prone to inflation/be your own bank.

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May 13, 2018, 10:48:58 AM
 #4

it is very convenient for me, no need to go to the bank, wait when they will appove it, losing several business day and pay taxes for it, time is most precious resource right now, so if u have a pc and internet u should do many things by one click like sending money for example

and for me there is noffing to hide, i am a ordinary man with the ordinary life, i dont steal money and i dont need anything illegal

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May 13, 2018, 10:54:47 AM
 #5

I just noticed some questions about this topic so I listed some seven reasons why people want to have a cryptocurrency transaction rather than fiat.

1. INCOGNITO. this is the main reason why people use it. You cannot trace crypto transaction and its perfect from hiding.

7. SHOW OFF. whether we admit it or not, some people use cryptocurrency just to make their status up. Telling their friends about how wealthy they are and keep boasting for their ego.


This is what i noticed. So which one are you?


I think I belong to 1 and 7 topics that are similar. Because I do not have a personal computer at home I'm just in a computer shop and there internet. So I often use incognito for safety. I often boast of my friends who do not know this cryptocurrency. Often I boast of it with my friends and that grows up to them that I earn money without sweating.
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May 13, 2018, 11:01:06 AM
 #6

I can find myself in points 1, 2 and 5.
Although Bitcoin isn't so anonimous and incognito like it was at the begininig still it's easier not to reveal the identity than with fiat money.
For me Bitcoin is also very convenient, it's available to me always and everywhere and also I like it as a way of payment, especialy if I use Bitcoin debit card.
Showing off was for many users the reason at the very begininig of Bitcoin when only few were familiar with it but now I think this has changed.

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May 13, 2018, 11:02:00 AM
 #7

I agree to what other members have said earlier, The ability to pay Bitcoin directly from address to address is merely incidental to my main point of keeping Bitcoin. I used Bitcoin mainly to earn money from trading other cryptocurrencies or BTC to USD or Vice Versa and the benefit of sending Bitcoin is like just an option or added benefit of keeping Bitcoin for me. I know it is not the purpose of Bitcoin in the first place but I will be dumb if I didn't take advantage of Bitcoin's price movement. Money can be made just by trading and I don't want my money to lie idle in my wallet.

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May 13, 2018, 11:34:04 AM
 #8

Number 1, incognito. This is the main reason I join cryptocurrency. I want my wealth to be hidden in government or to anyone. I'm not boastful not the showy type.

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May 13, 2018, 11:35:14 AM
 #9

 2nd and 5th reason should just be combined as one (both sounded similar or that's just me) since Bitcoin can be used as an alternative payment method it gives convenience for those who want to spend so they won't have to visit exchanges just to convert. Better replace one of the two that I mentioned or just add the reason profit since that's what all of us are aiming for when we invest and make crypto transactions.


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May 13, 2018, 11:37:15 AM
 #10

I think I belong to no. 1, 2 and 5, just like as you stated I like how perfect it is for hiding. No. 2 because of its convenience to transact anytime. And no. 5 how easy it is as mode of payment.
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May 13, 2018, 11:38:49 AM
 #11

Yes one of the main reason here is the anonymity of transactions and the volatility of the coins that you are holding, The price or value of it, The user who owned the wallet or the one who make transactions will not be trace because of the security.

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May 13, 2018, 11:51:45 AM
 #12

7. SHOW OFF. whether we admit it or not, some people use cryptocurrency just to make their status up. Telling their friends about how wealthy they are and keep boasting for their ego.

This one is a crazy thing, to those who fall on this number 7 line. You gonna end with nothing if you use crypto currency for your ego, add the point that you need to hide your self and account to protect all of your asset. For me, I fall on number 1, 2 and 6 ( for the reason that I see what are the advantage of having this in the near future. )

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May 13, 2018, 01:55:01 PM
 #13

Number 2 convenience because i like the way we're using Bitcoin as a mode of paying you can save time and effort you just need an internet to transfer money or even pay to your bills even when your at home.

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May 13, 2018, 02:10:07 PM
 #14

I am not sure why have you not added one very important point here, people earn real money with the fiat currency! I think thats the prime reason as to why people are here and why most of them are entering here. I dont think that anyone really cares about the incognito mode and anonymity of the crypto currency. Actually that has given them a sense of earning more as they could just do everything without anyone's notice and with ease.

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May 13, 2018, 02:16:26 PM
 #15

I guess I can relate in Number 1 and Number 6.  INCOGNITO because it is really such a convenient to be able to exchange and transact in the crypto world because it can lessen issues regarding your transactions and TECHY because Cryptocurrency and Bitcoin is booming and soaring right now and I was one of those people who became interested in what the future holds in Cryptocurrency.
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May 13, 2018, 02:21:16 PM
 #16

I just noticed some questions about this topic so I listed some seven reasons why people want to have a cryptocurrency transaction rather than fiat.

1. INCOGNITO. this is the main reason why people use it. You cannot trace crypto transaction and its perfect from hiding.

2. CONVINIENCE. people nowadays are so lazy that they want to have transaction while seated comfortably on their home. With just one click , crypto can be transferred as payment to whatever they want. Well, who doesnt want that anyway.

3. TREND. basically, people want to try something new, something not ordinary , something innovative and if it was used by all their friends, they want to use it also.

4. ILLEGAL. yes, i dont want to include this but i saw many topics about this also. If you want to buy on black market or an illegal item, your transaction should not be traced as i said on our first reason so Crypto will help you hide on cops but not forever.

5. MODE OF PAYMENT. this is where some people buy an item usually using the profit they had on investing bitcoin even just holding. Ex. If you have 1btc and after a month it becomes 1.5 btc and you want to buy an item that cost 0.005btc and crypto is accepted as a mode of payment, you will use it ofcourse rather than fiat.

6. TECHY. it seems that techy people using cryptocurrency as a mode of payment see themselves as going with the flow of technology considering that bitcoin is the new technology of currency for the new generation.

7. SHOW OFF. whether we admit it or not, some people use cryptocurrency just to make their status up. Telling their friends about how wealthy they are and keep boasting for their ego.


This is what i noticed. So which one are you?
i think i am the convinience  case i know and i actually support the being convinient of cryptocurrencies nowadays. cause we are all know that people nowadays are too lazy they dont want to go in other banks to transfer money from on to another. i am sure that huge of cryptoholders are in the convinience we are lucky that the existence of cryptocurrencies are in this era. in our era so we have a choice what path we chose right ?

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May 13, 2018, 03:33:34 PM
 #17

its me...TREND. and i am here TECHY. I am always curious about something new, and it looks complicated. and I am always happy with innovations, not just crypto or bitcoin with blockchain as the technology. but in all aspects.

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May 13, 2018, 03:35:30 PM
 #18

Out of your points, I'll probably choose convenience. Sending crypto is hassle free. Plus, if you want to spend your crypto, doing it directly is more convenient than converting it in the middle.
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May 13, 2018, 03:49:47 PM
 #19

I would be number Six in the selection - TECH. I always follow the latest trend in technology because I believe that technology will always be on demand Bitcoin revolutionize the way of paying and invesment.I was hesitant on investing before but its different on bitcoin.I'm ALL IN. It changed the way I think about investment .

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May 13, 2018, 05:11:39 PM
 #20


1. INCOGNITO. this is the main reason why people use it. You cannot trace crypto transaction and its perfect from hiding.

5. MODE OF PAYMENT. this is where some people buy an item usually using the profit they had on investing bitcoin even just holding. Ex. If you have 1btc and after a month it becomes 1.5 btc and you want to buy an item that cost 0.005btc and crypto is accepted as a mode of payment, you will use it ofcourse rather than fiat.


These two points are what I like about crypto.

I like the privacy factor, banks and governments cannot easily
know what I have.

I have used Bitcoin as a mode of payment in the past, not just
because I was spending profit but because I had it and I didnt
have FIAT also because the seller accepted it and it was easy.


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