The reason we need cryptocurrencies

[Payme21]

One of the greatest ideas that has kept crypto currencies going is the idea of decentralization and privacy and to me, this is its selling point and that is why we need it

[ralle14]

You have a point, it's true. However there's a chance that the government (or the banks) may see the cryptocurrency as a threat to them and in result they will not let the cryptocurrency be used on their own country. Well we just hope that this won't come, just imagine if all the countries banned the bitcoin/cryptocurrencies.

It's impossible for all countries to ban Bitcoin, when there's three choices for governments to choose (ban, join, ignore/neutral). Banning it won't stop Bitcoin, just look at the other illegal things that are still big as of today.

1 country banned bitcoins/cryptocurrency has a big impact to the cryptocurrency industry.

There're more than 1 countries that currently banned Bitcoins or cryptocurrency but the impact wasn't noticeable because more people are starting to get in cryptocurrencies. The growth we get each year is outweighs those bans.

[amrulshare]

Everyone is free to argue about the institutions of government banks even though how badly the processing they do is especially in managing financial. We live in a world where government has existed before the cryptocurrency was created and sometimes the solution we all think is better there is a possibility that it has a worse effect for the security of a country.

[deisik]

1 country banned bitcoins/cryptocurrency has a big impact to the cryptocurrency industry.

There're more than 1 countries that currently banned Bitcoins or cryptocurrency but the impact wasn't noticeable because more people are starting to get in cryptocurrencies. The growth we get each year is outweighs those bans

That depends on which particular countries have banned cryptocurrencies

If they are irrelevant in the grand scheme of things (like Venezuela and similar countries), their "bans" will only backfire (if they haven't already) as people will be using crypto simply because the rest of the world are using it. On the other hand, if a couple important countries come to dislike cryptocurrencies (think Uncle Sam here), we may have a problem. Indeed, crypto will survive, but it will survive better without big guns going after it

[FlightyPouch]

One of the greatest ideas that has kept crypto currencies going is the idea of decentralization and privacy and to me, this is its selling point and that is why we need it

Decentralization is one of the most common feature a crypto has but when it cones to privacy, I don't think so. Bitcoin, Ethereum and other crypto currencies has their own platforms but there are sites where you can look at a certain address and track their transactions. That is the reason privacy ia not one of them. In terms of bitcoin, we have the blockchain.info. For me, the most reason we need bitcoin is yes, the decentralization, and also the blockchain.

[traderethereum]

Maybe it's because we can make money from cryptocurrency, so people think they need the cryptocurrency.
And it is true, with cryptocurrency, people now have a new way to earn money plus they can use cryptocurrency as the investment.
People will like to use cryptocurrency if they can get some benefits inside the cryptocurrency.
They will find that in the cryptocurrency, they can earn by so many coins and they can earn unlimited money if they want.

[muratsink]

and everyone has different reasons why they need crypto.  generally.  everyone has an assumption like you. 
and in my opinion there are some reasons people need crypto. 
1. get instant and fast profits
2. transactions that are fast, safe and simple. 
3. free from the global economic crisis.

[josephdd1]

Cryptocurrency gives me freedom of earn and no third party involved here. If i invest flat money there are many restrictions by government and money londering situations if i transaction lots of money. There crypto currency gives me free fair involvement. So i love it from my best.

really? are you buying onions with crypto? are you selling produce for crypto? is any nation buying nuclear weapons with crypto? So how can you say that you are relying on crypto without any third party?
At some point you are cashing out to regular moneys aren't you?

[kamBlanV]

I need crypto currency because crypto trading and investment give me a lot of profit.  the crypto world satisfied me.  I can buy anything with crypto.  even though there are no merchants that accept crypto directly.  but converting crypto to national currency is enough.

[Reosta_]

People like their being decentralized currencies. In addition, cryptocurrency is more futuristic than today's currencies. It is digital and we won't need to carry money in our wallet.

[Julunguul]

And the technology advancement we are in,fiat currencies will be forgotten soon

FIAT will be forgotten soon? Really? I disagree. FIAT will never be forgotten and will still be the primary mode of payment around the world while BTC serves as an alternate payment option in comparison.

What many people fail to realize is that BTC and the cryptocurrency market too is centralized to an extent though it is still far better when compared to completely centralized FIAT currencies.

Yes, many people misunderstanding about the terms and the existence of the cryptocurrency itself. If cryptocurrency exist and it can help our economic for being better then just let this thing flow. No matter how cryptocurrency will affect i'm sure FIAT will just be fine with the existence of crypto and vice versa.

[bitbunnny]

Cryptocurrencies are result of development of new technologies, they represent progress. Also people needed some alternative to traditional payment methods and to traditional economy and financial systems, to get the opportunity to step back from the banks and way they do their business, to have something that is decentralized and independent. So cryptocurrencies will continue to develope and evolve and to enter into our everyday life.

[Mike Mayor]

We need crypto so we can have work xP Seriously how else will I be paid I will never accept paypal or some silly nonsense like that. For me, that is why I need crypto. I think its a pretty good reason.
I like earning in crypto through various methods and payment is quick. The one thing I do not like is waiting on bounty payments. We often wait too long. Luckily I diverse my invested time just like I diversify my crypto portfolio. Which brings me to my second point. I would not have investments if not for crypto. I stake coins and have done so for the past 2 years 24/7 PC running my wallets staking away. Made good money. It is difficult to break even but once you do its great.

[Moiyah]

With cryptocurrencies we control our own deal , we can easily make it to the top , yes it does have negative times and is risky but let's be honest , who doesn't ? Even dollar was going down !
But it also gives rewards like no other.

This cryptocurrency made my life easier for paying bills, etc. But the best part is that we can perfectly monitor our own money with our digital wallets without going to the banks.
I don't need to pass many documents to the third parties. Also, it really amazed me that  I can make profits out of crypto tradings. Sometimes, this kind of technology makes me think that it is a blessing for me.

[Roukawa]

Everything is going digital as in literally everything is shifting towards technology and making our daily lives much easier. Traditional way of using money is already changing, physical stores are getting less and less sales and online shopping is booming!

[Pursuer]

we need "bitcoin" and possibly a handful of alternative cryptocurrenices (to be created in the future not the ones that exist) to offer us the freedom we wanted with decentralization, to cut the middleman and eliminate their corruption.
but we don't really need thousands of cryptocurrencies that are growing like mushrooms and do nothing else but waste resources and make a lot of newcomers bankrupt with their false advertisements and market manipulations.

[waynechong1995]

Arguably existing bank system do convenient enough for people to easily transact money through many channels, is an service industry and comprehensive. But since crypto allow cross-border transactions super easy, it opens up new opportunities businesses. I would consider crypto is totally another side of concept when it comes to circulation, you are truly owning your crypto with no oracle levels, it gives you close to full anonymity. Owning fiat/crypto 50 50 seems like my projected future, of course the price is awesome and we would like the first adopters that gains most of the benefit of this rising technology.

[_Django05_]

With cryptocurrencies we control our own deal , we can easily make it to the top , yes it does have negative times and is risky but let's be honest , who doesn't ? Even dollar was going down !
But it also gives rewards like no other.

cryptocurrency  is so revolutionary because it allows to exchange value directly between parties. It doesn’t require that these parties trust each another, or that they trust an intermediary. It replaces trust in central organizations with trust in source code.

[Kocret02]

Cryptocurrency gives me freedom of earn and no third party involved here. If i invest flat money there are many restrictions by government and money londering situations if i transaction lots of money. There crypto currency gives me free fair involvement. So i love it from my best.

besides cryptocurrency provides freedom, another thing is cryptocurrency provides a lot of benefits in trading and providing profits. so that's our main reason for needing cryptocurrency.

[PDAngel]

Many reasons why we need cryptocurrencies in this world first is we can earn a lot of money without any tax, no government involve, no hassle, Only yourself can control your funds and i think that's the most important.