What are your reasons for adopting cryptocurrency?

[Asuspawer09]

Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?

Bitcoin is actually a new thing back in the years and a lot of people believed that it could easily be the future of currency, I guess it is because of the trend where Bitcoin could be the future of all currency or digital currency. I mean, to be honest, I didn't believe that Bitcoin is going to be the main currency because its nature is its decentralized government would really use something like that as a currency, I mean inflation is a big thing in fiat currency because the government continues to print more money and it's just a big problem but on Bitcoin, there is only limited supply so the government would really support something like that they can't control and they can't print for sure.

Probably companies, governments, etc are starting to recognize cryptocurrency and blockchain which is why it started to adapt around the world, the technology was already used around the world and it continues to adapt until today, for sure Bitcoin is going to be a part of the future but it wasn't going to be the main fiat currency. For me adaptation was just because Bitcoin is just a great technology.

[kro55]

Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?

I really don't want to lie, I come into this market for profit, profit is my primary concern, and then I use bitcoin to store assets that I don't want the government to know about. It means that in addition to using bitcoin to invest, I need bitcoin to create my own bank because I don't fully trust the bank nor the government. Those who say they come to crypto and bitcoin because they want privacy, want to get away from the government...not for profit, I won't believe those people.

[Bitcoinpoly]

Well aside the financial freedom I’ll enjoy, another strategic area I’ll talk about is Privacy and Security that got me attracted to cryptocurrency was the heightened levels of privacy and security it offers. The thing here is Unlike traditional financial systems, where personal information is required for every transaction, cryptocurrency allows for more anonymous transactions. By employing blockchain technology, cryptocurrencies ensure that transactions are secure, transparent, and immutable. This element of privacy resonates greatly with me and gives me peace of mind that my financial transactions will not be exploited or tracked.

With the ongoing issue within the crypto space, specifically with the issues of FTX that happens did you think there is absolute security of asset in cryptocurrency? Also did you think there are some other CEX that can still offers the protection of asset and the privacy you talked about, i heard some exchanges are not KYC mandatory too

[Queentoshi]

Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?

The major reason that brought me to cryptocurrency is to make money. It is after I have started to understand what cryptocurrency are that I saw other good things that cryptocurrency can be used for.

The categories of people attracted to cryptocurrency and their reasons sometimes

People in search of money, that were introduced to cryptocurrency as a means to get rich. They had the idea of cryptocurrency as something to get rich from, but now they know better since adopting cryptocurrency.

People that are rich already, just need to invest.

People that are looking for ways to hide some of their money from people, say their partners or the government.

People that were looking for better ways to send money to people in other country.

[Promocodeudo]

Individual reasons for adopting cryptocurrency differs, for me, my reason are centered on these reasons mention below.

1. Security
2. Anonymity
3. Decentralization
4. Potential for upward returns.

Security: digital asset is protected from theft, hacking, suspicious and unwanted activities within it's jurisdiction.

Anonymity: the identity of individual participant is unknown and  kept secret.

Decentralization: this digital asset is not controlled by the Government or any institutional but rather it functions is been triggered and managed by distributed system network around the world.

Potential for upward returns: the possibility that the value of cryptocurrency to increase significantly is on the high side.

The aforementioned are my major reasons for opting for cryptocurrency, everyone wants freedom and transparency, I will say, that's what digital assets stands for, but note investing type is not a short-term stuff, because you might be disappoint along the line, the best mindset is long-term because there is know magic in this investment, it is controlled by the influx of people, the more investment and high demand of this commodity, the more pumps it attracts.

[Honnet43]

For me, it's all about financial sovereignty. Cryptocurrency gives us the power to control our money without relying on centralized institutions. Plus, the potential for financial inclusion is huge!

[rat03gopoh]

what are your own reasons for adopting cryptocurrency?

I just think of adoption as a more complex activity where it's only implemented in a real business and interacting with bitcoin users around. So far I don't think I'm adopting bitcoin, trading and forum income is nothing more than passive income from the internet.

[avikz]

Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?

Can you really ignore the "make profit" aspect? Really?

I believe that's the single most important reason for adoption of cryptocurrency to this level. If bitcoin price had never shown such kind of upward movement, only 5% of the current population would have adopted cryptocurrency, to be honest.

Privacy and decentralised network are technical terms and common people really do not want to understand such terms. You show them money, and they are in. That's exactly what's happening here as well.

[Adams0001]

Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?

Anything that will offer you more income when you invest your money with, I believe you will want to invest in so that you will obtain a big return, and crypto currency is becoming more better and trusted, because it is a market that is becoming stronger. I recommend that you check into bitcoin investing because you can make a good profit. My interest in Bitcoin and other crypto currencies is motivated by the decentralized spirit of peer-to-peer, permissionless banking. Most investors acquire cryptocurrencies because they hope to profit from it.

[Latviand]

My reason for "adopting" cryptocurrency is not something profound, I just want to be able to grow my money without the hassle that a basic investment institution offers and I want to buy a lot of stuff and travel in places and eat good food, if crypto or bitcoin helps me do that then so be it.

For me, it's all about financial sovereignty. Cryptocurrency gives us the power to control our money without relying on centralized institutions. Plus, the potential for financial inclusion is huge!

People talk about financial freedom but what does it really mean? I have heard of it and have used it but I don't really know what it actually means. If it's freedom from financial institutions, I don't see it because most of us still use fiat in our daily transactions, we are still slaves to consumerism which is an engine of the financial institutions that we so hate so I don't know if we're truly financially free.

[Wend]

My reason for "adopting" cryptocurrency is not something profound, I just want to be able to grow my money without the hassle that a basic investment institution offers and I want to buy a lot of stuff and travel in places and eat good food, if crypto or bitcoin helps me do that then so be it.

Here's the reason for all of us, investing in bitcoin makes no sense if it doesn't turn out to be profitable for us. I don't believe people will still hold or stay loyal to bitcoin if it becomes stable and no longer generates profits. Of course, we still use it, but there won't be as much interest in it as today.

For me, it's all about financial sovereignty. Cryptocurrency gives us the power to control our money without relying on centralized institutions. Plus, the potential for financial inclusion is huge!

People talk about financial freedom but what does it really mean? I have heard of it and have used it but I don't really know what it actually means. If it's freedom from financial institutions, I don't see it because most of us still use fiat in our daily transactions, we are still slaves to consumerism which is an engine of the financial institutions that we so hate so I don't know if we're truly financially free.

But you can freely control your money with bitcoins, you don't need to depend on banks or any 3rd party when storing assets. It can be said that we have full control over our assets when using bitcoin. But you are right, that does not mean that we will be completely free, as many people say, because we are still dependent on fiat, on the banking system, if we want to continue to exist.

[GreatArkansas]

Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?

We must not only adopt cryptocurrency just for investment or profits. We must appreciate the real use case of cryptocurrency because at first, that is the goal or purpose of cryptocurrency especially Bitcoin whose goal is solving the current financial problem and having own bank from our pocket without any centralized authority to control our funds. Power of decentralization and transparency.

[kryptqnick]

The op asked about everything apart from the profits, so I'll focus on that. I like the idea of money that isn't tied to any particular country and is fully under the control of the community. I also enjoy being able to set the fees and transfer money without relying on a bank or another centralized service to do that. But that's all about Bitcoin, not about cryptos in general. I haven't used altcoins since 2019 or so, I just don't believe in their usefulness anymore.

[GeorgeJohn]

Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?

I want to let you to comprehend that cryptocurrency is a digital currency and same time a decentralized currency, and bitcoin in particular is part of cryptocurrency and bitcoin is the major reasons while people adopt cryptocurrency, so from my understanding concerning bitcoin I will say that the reason while people do adopt bitcoin is as result of bitcoin independent kind of currency and its virtual currency, so government have no power over controlling or regulating bitcoin across every countries, it can be allow to be regulated in only in a country that devalue bitcoin, so the essence of people investing in bitcoin is because it doesn't have a third party during the investment, so people do invest with cryptocurrencies and mostly bitcoin because of its privacy. And while cryptocurrency is not been adopted generally across other nations is that government is having the mindset that bitcoin or any other sub bitcoins can be use for money laundering act, that is the reason I sense that is making bitcoin not to be fully legalized and adopted. Some persons invested in bitcoin with fair and that's when information of bitcoin goes negative many investors  go in rush to cash out their funds.

[Mpamaegbu]

For me, getting involved in cryptos is more like enjoying freedom, both financial freedom and physical. I saw crypto as the innovation in economics that is shifting financial dealings out of the hands of middlemen seamlessly and I had to embrace it. Sincerely, despite the losses I've incurred from my noob days till now I still don't have any iota of regret embracing cryptos. I like being able to do my business from any part of the globe I find myself. This is what crypto businesses – trading, investments, writing etc have been able to do for me. Crypto is a big win for me. It's like having my own cake and eating, so to say.

[Nrcewker]

Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?

Half of the people using crypto use it for making profits. They don’t adopt it. Yes they use cryptos as it is not surrounded by any law, and you have complete access to your own finances independently. People have surely seen what capable Bitcoins are and hence they are buying and investing it. But this doesn’t mean they completely adopting the cryptos. I have also seen people not spending much of these cryptos in online transactions as they know that these coins are valuable and soon the price will go up. So instead of giving away the coins, they prioritise holding them.

[uneng]

For me the main reason for adopting Bitcoin is having access to opportunities and advantages I couldn't have with fiat, neither on my local area. With Bitcoin I believe to be protecting my money on long term against inflation and potential government's seizures, while being possible to offer my services online to people from any corners of the world and profiting for that without being abusively charged by middlemen services such as Paypal or even the Central Bank on the moment the money arrives on the national banking account. I see and enjoy more the practical benefits of BTC than the theorical, ideological ones, to say the truth.

[bussybuddy]

I know and join crypto just because I want to make money. In fact, when you are a newcomer away from your family and step into a very important money-conscious environment, of course the most desirable thing at that time is to make money. Me too so while researching part-time jobs and opportunities led me to cryptocurrency. This is really a good job because the numbers, the economic news are all things that I am also learning. It helps me a lot not only to make a living but also to expand my knowledge.

[Agbe]

Cryptocurrency was introduced to me by a friend in my service service and in my service I was paid small amount of money for up keeping so he told me that I should saved 50% of my salary in bitcoin every month, though I have been attended seminar before but was not really well taught,so I join the forum to learn more and invested it bitcoin. And this is my reason of adopting bitcoin though they are other factors also compelled me to join the new trend of technology but this is the most convince one. Everyone has their own part to join the cryptocurrency Space. And today, I am very much happy that I am in this family. I have not regret to join crypto space.

[KiaKia]

Bitcoin is law free, and also a good way to double your money or even make more, Why the hell wouldn't I invest in Bitcoin because of these? I can't keep money in the bank without worrying about inflation, my money is now safer with Bitcoin than the Banks, so yea I am into Bitcoin because of privacy life style that I have conveyed at a very young age, and also to make more money will storing my money with Bitcoin, it's win-win, the freedom is like breaking free from the law.