7 REASONS WHY: which one are you?

[Herbys]

If all of the above applies to the situation now, the main drawback of the crypto currency, this is that at one point it can end up with a purse with a symbolic pair of dollars in equivalent. 
Why do people have an incognito, they hide everything and need anonymity?

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[stolik1997]

To my mind, crypto is a fast (not always, but still) and cheap way to transfer your money abroad. Fiat becomes really expensive to transfer, if you want to send to another country: usually you pay % from your amounts when using fiat, but in case of BTC you pay a fixed fee in most wallets and p2p exchanges.

[miyaka26]

I belong to number one, two and five though you may lack some categories to choose, the number 1 seems to be a case by case basis, remember blockchain is an open ledger everyone can check the transaction history in and out and if they've found out that you possess that address then get ready to reveal your wealth of lambo's well if you are bold enough to show off your address in a social media or other platforms of information together with your real name, so as long as possible stay low.

[Stephen1989]

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.

[kaya11]

All of the above, but the most one I like is showing off my assets to my buddies and have them join me in engaging in bounties etc. I like it when they are jealous of me not having being an early adopter.

[fiulpro]

Well you know I think there is more reason to People using cryptocurrencies and..they can vary from person to person and you could add a few in them.

* Some even use it for earning through campaigns..
Because most online jobs don't pay as good as signature Campaigns

* Some use it for international transactions where they don't have to pay that much fee , trust me if you do heavy transactions then the fee varies from country to country and when you have to cross borders it's extremely difficult and a long process.

There are other things too that one might consider.

[Kizaki]

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 will go for #1, #2, and #5. I think that being anonymous is really important in crypto, especially if you are investing a huge amount of money. It will secure your safety as an investor. Convenience is also the reason why I like crypto, I can easily cash out or send money to my friends or family without bothering going to the bank or remittance services.

[3acaga]

Hi, it seems to me that people who participate in the cryptomir belong to all of your items little by little. Bitcoin is our future and I want my children to thank me for being interested in this topic at an early stage.

[Chrystora123]

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.
2. CONVINIENCE.
3. TREND.
4. ILLEGAL.
5. MODE OF PAYMENT.
6. TECHY.
7. SHOW OFF.


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

can I say, all this is me, lol, and I think all are connected, it is our nature that is unknowingly within us...although it looks like an EGO, this is a pride because we know and make money from something that people still rarely know.

[Tyrantt]

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.

Probably this. Since when I was a kid, I always loved cryptography, riddles, computers, etc... I've fell in love with bitcoin and the whole philosophy behind it. Also, bitcoin's something that I've been preaching all around, cashless society.   Tho, that whole anonymous thing has never been a huuuge part of my interest in bitcoin.

[Indrawan77]

I think I used the incognito and convinience the most, bitcoin is super easy to used when I want to buy something abroad and most of the time I used the incognito for gambling, and I think most of the people using bitcoin as investment because the price can rise so fast

[yoseph]

I am more of the person who uses Bitcoin as a mode of payment and as OP said it delightful whenever you use your accrued purchases instead of your own capital to make such purchases.

[cryptothief]

I think you should look at the 'trend' definition again, the only reason people follow this kind of trend is to make money, not because it's 'new or fashionable'. They see others making money and want in on the action. Personally I like to invest in long term visionary projects, ones that are looking to revolutionize their respective sectors. Some may crash and burn, but I admire their passion and creativity, not ignoring the fact that if one of them happens to hit the big time I'll be minted 

[Herbys]

I think I used the incognito and convinience the most, bitcoin is super easy to used when I want to buy something abroad and most of the time I used the incognito for gambling, and I think most of the people using bitcoin as investment because the price can rise so fast

Now Bitcoin is not so attractive for investments as a year ago, a maximum of 20% can be earned for one jump, it can last a month.
I'm not comfortable with anything other than the opportunity to get an income  or loss. 

[biboy]

I think I used the incognito and convinience the most, bitcoin is super easy to used when I want to buy something abroad and most of the time I used the incognito for gambling, and I think most of the people using bitcoin as investment because the price can rise so fast

Now Bitcoin is not so attractive for investments as a year ago, a maximum of 20% can be earned for one jump, it can last a month.
I'm not comfortable with anything other than the opportunity to get an income  or loss. 

Aside from it I also love the fact that I can do all those things aside from using it to illegal matters as I don't have plan to do those things as it is better to sleep in the evening thinking that you have not scam someone or that you did something wrong. But what I love most is that I can easily pay bills as well can maximize my money.

[posi]

I disagree with the 4 ILLEGAL of your post OP because bitcoin transaction are not totally anonymous and I wonder if you ever ask yourself how Ross Ulbricht was proof as the one behind what he was accused of?

[richardsNY]

Now Bitcoin is not so attractive for investments as a year ago, a maximum of 20% can be earned for one jump, it can last a month.
I'm not comfortable with anything other than the opportunity to get an income  or loss. 

Attractive for who, empty headed noobs? Bitcoin's gains might not be as significant in the very short term, but long term speaking it's the most solid investment. Bitcoin is becoming larger and thus more difficult to move, which is something called progress. At some point in the future we'll see Bitcoin's market change so drastically, that 5% gains will be seen as significant. It's important to realize how different Bitcoin has become as a whole throughout the years. Every year more fresh capital needs to flow in this market to experience the same level of growth. In order to book more growth even more capital needs to flow in, and this is an endless cycle. A slow down in fresh capital means the market will likely take a step or two back.

[gentlemand]

The main reason I look to carry out crypto transactions is that these days I have far more value tied up in it than fiat and I can't be bothered to go through the hassle of converting it back to fiat, plus it's fun to spend free money.

Unfortunately the places you can spend it are contracting. Coinbase's change to merchant accounts seems to have turned a lot of merchants off.

It can be more convenient but not by a huge amount, just a bit less typing.

[realcrypto]

The reasons why I am adopting cryptocurrency is because of convenience way of financial transaction, the technology behind cryptocurrency is what also attracts me. It is the easiest mode of payment for goods and services.

[FrueGreads]

I can't say I agree with you on most of the reasons you've pointed out.
First, crypto does not offer that amazing degree of anonymity most people talk about. There are private coins like monero and some others, but bitcoin, with it's complete transparent blockchain, is not one of them. Once an address is linked to you, anyone can track your payments. Also, most people use exchanges, and they now need to go trough KYC, so it's not that easy to be anonymous with crypto.

As for convenience, you have home banking and net banking already. You wouldn't need crypto for that.

I do agree with you on "trend" and "show off". Not that they are good reasons, but it's something we can't really deny, specially in some societies.

I completely disagree with the "illegal" motive. Again, this ties with crypto not being so anonymous. Not saying this doesn't happen, but it would never be one of the big reasons for use crypto. Use live cash for that. You don't really get anything more anonymous than "live cash".

Those who prefer crypto over fiat because of those arguments, are completely missing the point here. Crypto main attraction is that it's decentralized and it doesn't need a middleman for you to make and trust a transaction. That ends up in financial freedom, and that is why crypto is so important (in two words at least. because it's more complex that this of course).