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Question: Why are you in crypto?
For the Tech
For Profit
Both

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Author Topic: Reasons for being in crypto.  (Read 581 times)
reality18 (OP)
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September 17, 2021, 04:23:21 PM
 #1

1. If you are in for the tech, what is the problem your favorite project is solving?

2. If you are for the profit, how are you generating one with the coins in your portfolio?
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September 17, 2021, 06:58:10 PM
 #2

When the market is not as stable as it is now, a good step in my opinion to make a profit at this time is to hold the existing coins in the portfolio and if necessary add more existing coins to the portfolio if there is capital. Because I don't think this is the right time to sell.
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September 17, 2021, 07:15:02 PM
 #3

One of the most important things right now for crypto technology is about decentralization. There are so many decentralized platforms nowadays but only with a single smart contract. Even with the high transaction fees, the decentralized platform does not run normally. We look forward to a decentralized platform with multiple smart contracts. Speaking of portfolios. We only see certain moments before investing. We will be making huge profits in no time.

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September 17, 2021, 07:28:41 PM
 #4

Let's to the main reason "INVESTMENT/PROFIT and OTHER" ~XD

However, for the above reason, I learn so much about cryptocurrency. How easy to the transaction and faster than the bank without limited amount or no need some additional requirement. Because crypto I also involved in some project and being a moderator/admin oft that project. They gave me some several testing the product and give them some nice feedback.

I really have a nice experience.
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September 17, 2021, 07:35:25 PM
 #5

If I may say so, then of course the reason is financial freedom which is an important factor why I am in crypto.
Because at first I didn't prioritize profit, but crypto offers freedom as well as profit in it. There is no other party's system of control over what I own. I found out that this is a place where I can be in full control, from a financial point of view there is no taxation, there is no such thing as centralization of government interpretation. Isn't freedom everything to create our own world. And crypto delivers it all.

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September 17, 2021, 07:47:08 PM
 #6

1. If you are in for the tech, what is the problem your favorite project is solving?

2. If you are for the profit, how are you generating one with the coins in your portfolio?
Both, cryptos are modern monetary policy doesn't governed by anyone so it gives me the real freedom which has its positive and negative depends on the user not in the technology.

To make profits, HODLing seems the best strategy in my experience, add reputed coins and wait for then to give returns.
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September 17, 2021, 07:50:50 PM
 #7

For the both, but right now the latter is more stronger than the former, I would be lying if I say just for the tech, judging from the market reaction, it is safe to say about 80% are also in for the profit, for now, making profit seem to be the majority goal, perhaps in the near future when the crypto technology has fully advanced, then people will benefit more from the tech as well.

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September 17, 2021, 07:51:24 PM
 #8

Blockchain technology does solve all the problems of today. The simplest thing is to be able to make transactions quickly between countries. Unlike before we only rely on paypal to send money or to make payments. While the most important thing is that we can make a profit by trading. But I'm more interested in low priced coins for printing the portfolio. Besides we make a profit by holding the coin while waiting for the price to change for the better, we can also do staking.

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September 17, 2021, 07:55:28 PM
 #9

The technology that crypto brings from traditional to very advanced processes on how we send money, do projects and how to gain access in it is much easier than it will help a lot of users but what more important is the profit we can attain by investing in. Both reasons should be applied in crypto if no technology provides a good project or works it will not be determined how many investors can attract to use crypto for us to gain profit. Indeed, crypto opens us to a wide range of choices to use for our comfortability with profit.

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September 17, 2021, 09:34:35 PM
 #10

I don't think you can split these two, we adopt crypto currencies for new technology and we use them daily because it makes life easier. For investment wise crypto currencies are highly risky but profits are pretty good and it's faster than any other investment instrument. If you put money on national stock market for example, you can't profit like that. I compared some stocks in our national stock market and the biggest ones made 10x in more than 10 years but in crypto you can make 10x in less than a year if you picked right coin.

Bitcoin definitely changed the game and altcoins created a whole new market which is very attractive. We came here for the tech (send money worldwide with low fees e.g.) and stayed for real life usage and making profit. It changed a lot of people's lives. Now I can't think a life without Bitcoin and crypto currencies.
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September 17, 2021, 09:56:38 PM
 #11

1. If you are in for the tech, what is the problem your favorite project is solving?

2. If you are for the profit, how are you generating one with the coins in your portfolio?
1. Can't deny about the tech because of how it's a great alternative for remittances.
2. By just holding.

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September 17, 2021, 09:59:14 PM
 #12

I were entering in the crypto due to the various reasons and i do choose both as the best answer for your question. I thought that the majority of people being in crypto caused by profitability.

1. This must be the protocol platform that lets me to send the money with very cheap fees. Im not using ethereum right now due to the non sense fees on its network. Im prefer to use the second layear solution instead of ethereum chain. Defi was also a very good project that was solving the problem use the automation on its financial product. That makes me feel easy to did staking and farming to get passive income from crypto.

2. What do you mean about one? Buying legit coin and then become diamond hands until it will reach another ATH again as the main point for me to sold my portfolios to the market again.

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September 17, 2021, 10:22:52 PM
 #13

I entered into crypto indeed to seek profit in it by investing in some old and new tokens but before entering here the basic thing is to continue to do research and knowledge about crypto because these two things are closely related in crypto if we are only looking for profit without any knowledge about crypto then we can just get a loss when investing in it.

2. If you are for the profit, how are you generating one with the coins in your portfolio?
I am looking to profit from crypto by going into campaigns, trading, staking and IEO maybe these are some of the ways I make money in crypto.


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September 17, 2021, 10:33:05 PM
 #14

Actually, I'm in crypto for the aim of making a big profit more than the tech. But I admire the tech also of course. Because it is a completely different system than the fiat currencies we are used to. But I can say that my main goal is to make profit here. I like to HODL top coins in the market by setting some price targets for myself to prevent being greedy.
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September 17, 2021, 10:52:05 PM
 #15

1. If you are in for the tech, what is the problem your favorite project is solving?

2. If you are for the profit, how are you generating one with the coins in your portfolio?
I have to be honest, I came here for profit and fortunately my goal was met simply because I work for it.
You can't just come here expecting to get money without doing anything, you must do your best and grab every opportunity that you'll see along the road. We all have different reason but I guess we came here in one goal, to make money as always.
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September 17, 2021, 10:53:58 PM
 #16

1. If you are in for the tech, what is the problem your favorite project is solving?

2. If you are for the profit, how are you generating one with the coins in your portfolio?


I don't have to tackle about project in solving, I've been through so many tough situation of my life experiences so it's not a wise idea if choose tech as serious matter to deal with.
To gain profit from my holdings portfolio, patience test is a very important aspects in order to generate profit. One day I've decided to sell everything, but it ended up worst when dumping everything. So to be at safe state, keeping coins with low volume could be our sleeping giant if someday there's a bullish trend for all coins. Don't take it all for granted, just be positive and have faith on them.


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September 17, 2021, 11:16:42 PM
 #17

1. If you are in for the tech, what is the problem your favorite project is solving?

2. If you are for the profit, how are you generating one with the coins in your portfolio?
Lets be honest. Most people over here are for the profit. They are investing in bitcoin and different crypto currencies so that they can make some good profit in the long run. I bet more than half of the people don't even know the coins or tokens are used for. They are just holding it, waiting for the price to go up and then sell it for fiat currency. Like most of them I invest for the profit (but I do know about the coins i have invested in and their use cases). 

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kevinzxz
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September 17, 2021, 11:21:51 PM
 #18

1. If you are in for the tech, what is the problem your favorite project is solving?

2. If you are for the profit, how are you generating one with the coins in your portfolio?

answer to point 1,
I think technology will continue to evolve all the time, so a definite problem for the projects that I invest in is to keep up with existing technology developments, so that the projects that I invest can remain useful in the future and survive.

answer to point 2,
if the projects that I invest in continues to have progress and is useful in the future, then I am sure the price will definitely continue to increase and of course it will give me a big profit in the long run.


therefore I recommend to investing in projects that have progress and functionality, so that the project can survive and the price will continue to increase all the time.

lalabotax
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September 17, 2021, 11:43:53 PM
 #19

2. If you are for the profit, how are you generating one with the coins in your portfolio?
I take profits by trading and investing in some crypto coins. This is actually my main reason to be involved in crypto business. Honestly, to know crypto technology or blockchain technology is just a second purpose, not a priority. I think not only me who focus more on gaining profits than knowing the technology. Most people come to crypto because they hear about the possibility of gaining bigger profits there.

Besides trading and investing, sometimes I also join staking programs in some exchanges or crypto platforms. Stacking is also a good way to gain profits and it is relatively safe enough to do.


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September 17, 2021, 11:51:37 PM
 #20

1. If you are in for the tech, what is the problem your favorite project is solving?

2. If you are for the profit, how are you generating one with the coins in your portfolio?
1. For tech anonymous and swiftness in transaction is the solution provided by the coin thus a decentralized feature and non-participation of a third party in all my transactions which is gradually gaining more adoptions globally.
2. I always bought dip and sell high that is how I am making profits from the coin I am supporting, of course this requires some charting techniques especially TA  with the aid of some indicators, to avoid just buying and selling anyhow or blindly without a proper analysis, though this isn't accurate or perfect.

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