What are your reasons for adopting cryptocurrency?

[noormcs5]

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?

Well, we only have two reasons why people had embrace crypto in their lives,
 1. As an investment
 2. Payment Option

But to be honest, the main reason why they are risking their money and giving some effort is to consider crypto as a profitable investment, especially Bitcoin. Besides, crypto has become known to that (as an investment), not a currency which was the main purpose of creating this technology.

Investment!

This had been the most common reason  for most people or everyone on why they had been dealing up or getting engage with Bitcoin or crypto investment. We cant really be able to ignore about the chances and opportunities that it gives in a short time period on which it would really be just that normal that we would  really be having this kind of opportunity on which we dont really like to miss out.

I would also say that it is basically the "ROI : Return On Investments" due to which many people are attached towards the bitcoin and crypto.
Also, I would believe that the short-term returns are much less as compared to the long-term returns. People who invest in Bitcoin for years are actually more profitable as compared to the people who invest for some days or weeks or even months.

Other reasons for adoption may include the fast processing of crypto transactions and one of the easiest ways to transfer money globally without extra effort or cost.

[nurilham]

I think that's a good reason friends, so basically the purpose of investing in bitcoin and crypto is to make a profit, with the aim that inflation can be overcome a little by investing in crypto. and I also invest in crypto with the aim of making more and more money for my
and finally inflation is overcome.

Of course, the only reason for us to invest in Bitcoin or altcoins should be the profits (earning money). Although the basic usecases of Bitcoin and altcoins are for digital currencies, people prefer to use them as digital assets. There are a few reasons why people prefer investing, but mostly it is about the legality and its potential profits. Bitcoin and altcoins cannot be used as payment tools in some countries, they are only available for investment purposes. But the most reason is that Bitcoin and altcoins offer the chance to get high profits. We know that they have high volatility, it means the price can move significantly.

Anyway, I'm not sure we can deal with inflation by investing in crypto. Inflation is something unavoidable, it happens due to the inconsistency of economic stability. But by investing in crypto, we have another source to get additional earnings that may be the solution to our financial.

[GigaBit]

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 use of cryptocurrencies has grown tremendously across the globe these days. I personally take it because I can take all my possessions with me wherever I move. Which is not easy in any centralized system. Considering the potential for widespread use of cryptocurrency globally and the benefits of investing here, I thought of cryptocurrency adoption. I know that this is the only medium that is not controlled by anyone. So i can get my full freedom. Moreover, it is more secure and more convenient than the traditional system.

[Iranus]

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?

Well, we only have two reasons why people had embrace crypto in their lives,
 1. As an investment
 2. Payment Option

But to be honest, the main reason why they are risking their money and giving some effort is to consider crypto as a profitable investment, especially Bitcoin. Besides, crypto has become known to that (as an investment), not a currency which was the main purpose of creating this technology.

Investment!

This had been the most common reason  for most people or everyone on why they had been dealing up or getting engage with Bitcoin or crypto investment. We cant really be able to ignore about the chances and opportunities that it gives in a short time period on which it would really be just that normal that we would  really be having this kind of opportunity on which we dont really like to miss out.

I would also say that it is basically the "ROI : Return On Investments" due to which many people are attached towards the bitcoin and crypto.
Also, I would believe that the short-term returns are much less as compared to the long-term returns. People who invest in Bitcoin for years are actually more profitable as compared to the people who invest for some days or weeks or even months.

Other reasons for adoption may include the fast processing of crypto transactions and one of the easiest ways to transfer money globally without extra effort or cost.

Quite frankly, profit always comes first when it comes to bitcoin and cryptocurrencies. It would be hypocritical to say that we are here for the revolution of freedom and privacy, and not interested in profit, even though many are saying so.

In terms of returns, usually holding for a long time offers good returns and less risk. But it is also not entirely true to say that long term profits are better than short term because there are also many traders who make very good money trading. So, big or small profit depends on the ability of each person. It will not be limited by long term or short term strategy.

[Obari]

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?

Well I finally found myself in cryptocurrency space simply  because I want to make profit and I'm sorry to day that I have no single issues with spending  my local fiat and most times I still wonder wbats the fate of bitcoin  if it is finally legalized and used as a global currency  them banning all other currencies.
I was at some other point also thinking if bitcoin  is actually pegged to any other other currency? Because most times, the buying rate and selling rate of bitcoin is pegged to usd where other countries and currencies have to get their rates when buying or selling it.

I'm here in the bitcoin industry because I want freedom from the governments centralized fiat and I'm also here to make profit and i want to remind you that bitcoin  is a digital currency and it wasn't intended to replace fiat to to compliment it .

[Twentyonepaylots]

Well, we only have two reasons why people had embrace crypto in their lives,
 1. As an investment
 2. Payment Option

But to be honest, the main reason why they are risking their money and giving some effort is to consider crypto as a profitable investment, especially Bitcoin. Besides, crypto has become known to that (as an investment), not a currency which was the main purpose of creating this technology.

I have the same reason, mostly with the replies I have read in this thread. Personally, I also adopted and got interested in cryptocurrency simply because of its potential investment opportunities.

It started way back in 2016 when my friend mentioned Bitcoin to me. At first, I was skeptical about it and even questioned if it was really possible to earn from such. At first, everything was just based on what I had heard, and then eventually, I learned and experienced it myself. It has been a wild ride, and my losses have served their purpose as my lessons. The volatility of the market can be nerve-wracking at times, but yeah, it also provides opportunities for those who are willing to take risks.

Also, cryptocurrency's anonymity and decentralized nature attract people to adopt cryptocurrency as it is not subject to the same regulations and limitations as traditional currencies, which others may prefer giving them greater financial restrictions.

[tjtonmoy]

Not cryptocurrency but Bitcoin. The reason for me to adopt it should be the decentralized nature that it has. Also, the fact that you can send it anywhere at any time. No strings attached to any centralized entity. Privacy, security, fast transaction, all of these are possible via Bitcoin usage. I can not use it freely yet, because where I am from, bitcoin is banned. But that aside, I can still use it and the Government won't know anything about it. That's the beauty of Bitcoin.

Satoshi created Bitcoin as a peer-to-peer online currency. But the volatile nature of the Bitcoin market has made it an option for investors to make profits. So currently people are more interested in Bitcoin because they are here for profits too. If you can make a profit from something, then why not. It's not a big thing. So I have mixed reasons to adopt Bitcoin (cryptocurrency).

[Lorence.xD]

It all started by just surfing the web, at first I thought Bitcoin actually doesn't have a potential as it grow it's value I got hooked then studied it for years already. But mostly I adapt it by just playing some games where you can earn coins that can be converted into fiat money. It's been a long time I haven't remember the name of the game but it helped me to have an extra financial income. By that knowing that you can actually earn money and it's benefits since you can control your time since it's decentralized it's up to its users whenever they do an action for them to know their fate in crypto.

Why jump into crypto? Of course due to inflation and economic status in my country. Imagine working for a long period of time that exhaust yourself draining you mentally and physically just to receive a bare minimum wage salary? Nah thanks I rather invest myself with knowledge in crypto and find more opportunity here. I'm not being biased but it's the truth that it's much better here than investign all your time working like a loop working for a salary that enough to survive for a week.

[Hypnosis00]

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 don't think people had come into crypto don't have a purpose because I know that they are doing this and consider the crypto market as an income generator. Other than that is another payment option but believe it or not, it was not the main reason why they are coming instead, they are looking for a place where they can multiply their money and find out that the crypto space is a profitable investment.

Don't tell me that you have a different reason other than those things that I've mentioned above.

[Blitzboy]

Not cryptocurrency but Bitcoin. The reason for me to adopt it should be the decentralized nature that it has. Also, the fact that you can send it anywhere at any time. No strings attached to any centralized entity. Privacy, security, fast transaction, all of these are possible via Bitcoin usage. I can not use it freely yet, because where I am from, bitcoin is banned. But that aside, I can still use it and the Government won't know anything about it. That's the beauty of Bitcoin.

Satoshi created Bitcoin as a peer-to-peer online currency. But the volatile nature of the Bitcoin market has made it an option for investors to make profits. So currently people are more interested in Bitcoin because they are here for profits too. If you can make a profit from something, then why not. It's not a big thing. So I have mixed reasons to adopt Bitcoin (cryptocurrency).

Bitcoin! Decentralization! Privacy! Security! Instantaneous deals! You have, uh, covered every base, have you? Bitcoin... I mean, really, this is something out of the ordinary. You've got it nailed down, mate.

However, you really are in a, uh, pickle. Being a resident of a country where Bitcoin is illegal but finding ways to use it covertly... You feel like you're in a spy movie, don't you? Like James Bond, except for the crypto world: huh.

You know, you do have a point. Satoshi Nakamoto certainly didn't create Bitcoin with the intention of making a lot of people rich quickly. Bitcoin: a potent financial weapon. Still, money is money... We have no grounds for argument there. You could say it's like having the best of both worlds. In that case, more power to you, pal. I wish you all the best.

[DaNNy001]

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?

Like the many hoard of people who have found Bitcoin to be an ideal source of an investment I aslo choice this because of the it's power of store of value . Bitcoin is a digital currency which one can use to pay online for all sought of commodities but many people today just prefer buying it and actually holding it.

[RewFrew]

I always like to take challenges. When i know about bitcoin in the year of 2015 i bought some $ of bitcoin. Then bitcoin price was only $1200- $1500. And i trade several times. And i profited huge fron here. So i have some weakness about bitcoin and cryptocurrency market. Then i trade here slowly. But when covid-19 came i was lost my job and i were dully dependable in crypto trading. Then i collect some fund and i invested on bitcoin and many other altcoin. I started here with $1200 and now my Capital is near about $22k. And i Think when bull session start then my fund will increase and i will be more benefited from crypto currency trading.So i can tell af first i came in this market for out of curiosity but now i came here for my earning and maintain my family. Now it is my only earning way.

[MFahad]

I think that's a good reason friends, so basically the purpose of investing in bitcoin and crypto is to make a profit, with the aim that inflation can be overcome a little by investing in crypto. and I also invest in crypto with the aim of making more and more money for my
and finally inflation is overcome.

Yes inflation can be overcome by investment in crypto but some people just hear that bitcoin is an asset that aids in the expanding of one's wealth and quickly invest a greater  amount of money so bitcoin do not proves to be good for such individuals.

Bitcoin is used for better life but for some it acts like a bag full of cash and some individuals do not get anything therefore try your best to use techniques so bitcoin will surely act as a treasure box.

[Captain Corporate]

I highly doubt that it would be something that would be logical at all, I find you do not really need a reason beyond what you should have in crypto, which is the fact that there is no centralized organization that can ruin it and that's why I feel like I think it was a situation that require me to move to crypto and just be fully merge myself with the crypto world as well. That way I could consider the situation to be as lightly taken as I can and not really consider it a big deal at all. I just do it as much as I possibly could without making a big deal out of it. We all know and fully aware that fiat is a terrible one, and that is why I think its quite good that we could end up as normally as it gets to prefer bitcoin over fiat.

[smartissmart]

For free ,For freedom.

The above two reasons are enough for me to choose cryptocurrency.

And I don’t want my husband to know how many money I have,that is the third reason.

Is it for your question?

[The Cryptovator]

For free ,For freedom.

The above two reasons are enough for me to choose cryptocurrency.

What does mean free? Freedom is fine. Everyone like financial freedom and we can use Bitcoin for our financial freedom. However its not about choose cryptocurrency. The post about why do you like adapt cryptocurrency.

And I don’t want my husband to know how many money I have,that is the third reason.

This part is interesting. It's call privacy. So third reason would be privacy for you and behind of your Bitcoin adaption.

[Ale88]

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?

Cryptos are not only about profit, that of course plays a big role. The simple idea to own something that you can send to anyone everywhere in the world, at any moment, without any permission, etc, and it can't be stopped or seized. Oh, and to do all that you just need a simple smartphone. I think all those are more than valid reasons to embrace bitcoin.

[Bitcoin_people]

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?

Basically people come to cryptocurrency for the sole purpose of making money. Crypto investment greatly helps a person to increase his profit. Many times it is seen that people are using this digital currency in different areas of their daily life and they are benefiting by trading in it. And investing in this crypto is able to change a person's life especially Bitcoin and some other crypto currencies. People make their investment only with the aim of earning profit and we know that to earn profit one must wait for a long time by investing but profit is possible. And everyone's main objective is how to make money online. Most people invest in cryptocurrency with the aim of making a profit. The main objective of joining the cryptocurrency space is to invest in it and earn future profits and this is the objective of all crypto traders.

[dlightag]

The world is changing and technology is improving day by day to take over the world, cryptocurrency has come to play a part in area of financial services, which hide someone's identity, and is safe, secure and transparent for any given transaction and that is reason why I adopt cryptocurrency, secondly to be rich is sure but not Rich quick business, when you invest on the right Coin at the right time. Which is normally seen as a trader good entry point that determine your profits.

[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.

This is actually a very good reason for adopting crypto, with this your points did you use centralized exchange at all?