Does cryptocurrency actually solve any problems?

[Tony116]

I'll be honest, if money is the main issue of your life because you don't have enough, Bitcoin will solve that easily.

If you're going to do cryptocurrency full time, you'll realized that it's better to be your own boss and not work 8 hours a day in a toxic workplace. Bitcoin can give you a lot of money if you know what you should do, a simple buy and sell at the right moment is good enough to make profits but trading is the best if you want more, though you'll need a lot of money and experience in order to make more profits.

Money is the main problem for all of us including you, not anyone's problem. It sounds easy, but when it comes to practice, it's not as easy as you say. If making money from bitcoin is so easy, why do so many people struggle and lose money investing in bitcoin? Especially with day trading, it is true that buying low and selling high will make a profit, but how do you know when it is time to buy and when to sell?

My friend, bitcoin is just an investment like any other, it gives you opportunity and whether you can turn it into money or not is up to you. You can get rich from bitcoin but you can also lose everything if you don't invest in the right way.

If everything was as easy as you say, I'm sure everyone would be doing what they said right now. Some things are not what they seem from the outside. When you get a job, you come across thousands of alternatives and problems. You came up with such an idea thinking that the best possibilities will always come true. But not many people in this world can achieve such a thing.

Bitcoin is an opportunity for many. But it also has risks. Not every investor can achieve the desired result. Many things are required for this. Many of us are here to learn these things and add more to our knowledge.

To be frank, investing in bitcoin is very risky, nothing is easy. It is true that bitcoin is a potential investment, but if there is an exact number between winners and losers, I am fairly confident that losers are in the majority. But just because of daydreaming, we only look at the winners and forget that the losers are much more than that.

Making money is never easy even investing in bitcoin. The higher the return, the higher the risk, but not many people think about this, most just paint rosy dreams in their heads.

[Blitzboy]

Been asked a couple of times, what problems does cryptocurrency solve, and what’s its unique value proposition compared to other cryptocurrencies or traditional financial systems.  Would love any other users take on this ..

It does solve a lot of problem. Not all crypto currencies, but some do. Traditional fiat system is centralized and normal people has no say on how things will be controlled. Only few people in power can decided whatever they want and basically they alone "owns" everyone's money. They can print money anytime they wish, they can deny access to your funds if they want and they can seize all your money without your permission. Decentralized currency like Bitcoin solves this centralization issue. And lets not forget that not everyone are able to have or access the banking system. Crypto currencies let anyone from anywhere be their own bank where they themselves have full access and rights to their own coins.

You've got it, pal. I mean, Im not even up to date on the paperwork at my bank. They have been constantly feeding us propaganda about how "necessary" they are. Then crypto came along and wrecked the whole system. Banks, behold as I create my own currency system! So, who's in charge now?

Bitcoin, the king of cryptocurrencies, doesnt believe in that sort of permission-based hogwash. Not me, honey; its all you! Since it is your own money, you should manage it. You're also correct that the established order needs updating. They hold far too much sway at the moment. Constantly creating new currency as if it were a game. What gives them the right to rule the financial world? Bitcoin eliminates the possibility of having your funds mismanaged in any way. You have the upper hand!

[WillyAp]

In our specific case we used Crypto to pass money from the EU to South America.

The Bank costs would amount to €55, while Crypto costs 14. Which is the cost to purchase those coins.
It takes 2 days to receive coins. due to the bank transfer.

The coins (LTC) took 2 minutes. 
Over here we have people changing LTC into the local currency.

Fluctuation does not always work in favor.

[BVeyron]

Been asked a couple of times, what problems does cryptocurrency solve, and what’s its unique value proposition compared to other cryptocurrencies or traditional financial systems.  Would love any other users take on this ..

The main problem which can be solved using cryptocurrencies is the global test of blockchain algorithm, so we can say that BTC and alts are actually enormous testnets. Optimisation solutions can be used later for financial soft and hardware development. Secondly, the total amount is limited, so blockchain systems bring some other experience which can be useful: the money system with no inflation. This is also an important thing.