What are your reasons for adopting cryptocurrency?

[wallet4bitcoin]

The ineptitude of industries, government agencies and other parastatals is the major reason why I joined the blockchain space and the cryptocurrency arena. After haven seen a good alternative to the slavery that was ongoing in loads of sectors, I couldn't have considered anything else but blockchain technology.

My involvement in the blockchain space now unfolded my passion for the space and that passion is what has kept me since then and still running, the brilliance of the technology keeps one in a constant state of research and I find that fascinating.

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[irhact]

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?

There are many reasons why different individuals adopt cryptocurency and if those reasons aren't of the negative then there's nothing wrong in them. We have different problem so we can't all be adopting cryptocurency for the same reason. Some of us are looking for ways that'll increase our finances so we got attracted to the cryptocurency market because of the profits that we can make from nvesting in the market while others can for the anonymity that the industry has.

Some individual came for the decentralization of the industry and some came for the comfortability and fastness of crypto transactions etc. It doesn't matter what we came for since we can all get what we want from investing in the industry and that's what make it special.

[Davidvictorson]

My reason for adopting Bitcoin and not any other cryptocurrencies is the fear of missing out. I'm not gonna lie. Bitcoin is such a great project backed by technological, financial, and social principles that I fear that of I miss out on this my future generation will end up poor. Another level of the fear of missing out that drove me to adopt Bitcoin is the fear of missing out on something so revolutionary that even the government of the world don't really know what to make of it. While in the beginning some where quick to condemn it, they are now slowly coming in to embrace it even though they are hiding behind big financial institutions, we know that it's still them.

[Zoomic]

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 think that crypto technology is a business, so one of my goals is to make a profit from it. even a developer of a project also has the main goal of getting profit. Maybe another goal is to be able to understand more deeply about this technology. However, other goals will definitely keep coming, and end in increasing profits. I think that's the main goal of all of this.

There is no standard or special reason for everyone to adopt cryptocurrency. In fact, some people are in the cryptocurrency industry without any reason, but however, I can surely say some sample of reasons that made people to join crypto currency as follows;

•   Not to be left out
•   For financial gain
•   For privacy
•   For investment purpose

[Mahanton]

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 think that crypto technology is a business, so one of my goals is to make a profit from it. even a developer of a project also has the main goal of getting profit. Maybe another goal is to be able to understand more deeply about this technology. However, other goals will definitely keep coming, and end in increasing profits. I think that's the main goal of all of this.

There is no standard or special reason for everyone to adopt cryptocurrency. In fact, some people are in the cryptocurrency industry without any reason, but however, I can surely say some sample of reasons that made people to join crypto currency as follows;

•   Not to be left out
•   For financial gain
•   For privacy
•   For investment purpose

But the main reason would be

•Income making/Investment
Next would be its utility but pretty sure the first one would be the main reason on why we are here on this space including myself. On the time that i do heard first off about Bitcoin
and on how to make profits on just simply holding then it did really spark out my interest on learning on what it is and the rest is really on what im doing now. It doesnt matter on what are your views and reasons
on why you had engaged yourself into this market but pretty sure that we are sharing up on the same reason which is to make "Money" on which it is really that a common approach since
this is what we are after in the first place.

Adoption and recognition is really just that normally moving as years passing but cant doubt that money making and investment matters would really be mainly sparking out
someones interest and why it would really be planning on investing or dealing with it.

[Agbamoni]

the reason why I adopting cryptocurrency is to avoid inflation. I feel that it is not fair when my money value decrease only because government print more money as they want. I was working and save money to keep me life. and once they print more money, my hardwork becomes less worthy. for me it is better to save some of my money in form of bitcoin although it volatile but I am experienced enough to make a good strategy to invest in btc.

Inflation happens when the cost of living and things we buy goes up. This can be because of printing more money, but there are other reasons too. Some people mistakenly think it's only about printing money.

The amount of money today isn't 137 times more than in 1922.

You can see the numbers here: [Link to the statistics]

In 1922, the money was a lot less, around 4483 billion. If we multiplied that by 137, it would be 611 trillion. That's more money than there is in the whole world.

If the value of Bitcoin doesn't grow more than the cost of things we buy every year, it doesn't really protect you from inflation. Having less purchasing power means Bitcoin isn't a good way to guard against inflation.

If there's 5% inflation every year for 100 years, then what costs 131.5 in 2122 would only be worth $1 now, not 18k.

Lets use an example of 18k anyway. If $1 is worth 18k in 2122 and a car costs 414 million then (23,000 x 18,000), for you to have the same buying power, one Bitcoin would have to be valued at 414 million.

[bayu7adi]

I can surely say some sample of reasons that made people to join crypto currency as follows;

•   Not to be left out
•   For financial gain
•   For privacy
•   For investment purpose

We live investing our energy and time, and naturally, there's a substantial reason to stay afloat, with money being the fuel. What you've pointed out is nothing other than pursuing personal gain, except in the case of privacy matters.

Points one, two, and four encompass several steps you would take to eventually attain money. All these activities will funnel down to "personal gain." We all understand that gaining profit necessitates effort, at the very least, to reach that objective, and you've mentioned some of these efforts.

On the other hand, privacy might be something a few individuals require, perhaps just to safeguard their personal data while engaging in transactions.

[gabbie2010]

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 feature of store value stand among one of the best quality of crypto which endeared me to adopt it, I prefer hodling my asset in crypto rather than to saving it in the bank basically because of third party involved with banking system and profit accrued when it price pumped during rally upward is far more than profit earned from savings at a bank, beside the store of value of crypto another feature is in it anonymity where transactions is carried out anonymously without a third party, crypto also serve as payment gateway for services offered by freelancers, also used as payout by forex brokers, exchange, payment for goods and services and other numerous services utilizes cryptos.

[CryptoBuds]

The ineptitude of industries, government agencies and other parastatals is the major reason why I joined the blockchain space and the cryptocurrency arena. After haven seen a good alternative to the slavery that was ongoing in loads of sectors, I couldn't have considered anything else but blockchain technology.

My involvement in the blockchain space now unfolded my passion for the space and that passion is what has kept me since then and still running, the brilliance of the technology keeps one in a constant state of research and I find that fascinating.

Which industries and organizations are incompetent and let you down? What have you done to outperform them and assume they are inferior to you? Blockchain sparks your passion and what is your passion?

I know that cryptocurrency is bringing a lot of new opportunities to the younger generation, but that doesn't mean we disparage all the rest. I bet you are still using the products, goods, technologies that traditional companies are creating. And you yourself will not be able to live without the government, so do not speak ill of them when you are still using their products every day. Blockchain, bitcoin, brings passion, benefits so pursue it but don't smear the whole world just to worship blockchain.

[kotajikikox]

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 think that crypto technology is a business, so one of my goals is to make a profit from it. even a developer of a project also has the main goal of getting profit. Maybe another goal is to be able to understand more deeply about this technology. However, other goals will definitely keep coming, and end in increasing profits. I think that's the main goal of all of this.

There is no standard or special reason for everyone to adopt cryptocurrency. In fact, some people are in the cryptocurrency industry without any reason, but however, I can surely say some sample of reasons that made people to join crypto currency as follows;

•  Not to be left out
•  For financial gain
•  For privacy

 For investment purpose

with all   of those mentioned? in this one that I believe we will not agree completely .
while we should consider crypto as investment but never forget the main purpose and objective of satoshi in creating this , and that is to use this as payment tools/material and not just for keeping.,
the coins must be circulated and that is for me the main reason why the prices are still not moving forward.
the value does not serve its purpose.

the reason why I adopting cryptocurrency is to avoid inflation. I feel that it is not fair when my money value decrease only because government print more money as they want. I was working and save money to keep me life. and once they print more money, my hardwork becomes less worthy. for me it is better to save some of my money in form of bitcoin although it volatile but I am experienced enough to make a good strategy to invest in btc.

Inflation happens when the cost of living and things we buy goes up. This can be because of printing more money, but there are other reasons too. Some people mistakenly think it's only about printing money.

The amount of money today isn't 137 times more than in 1922.

You can see the numbers here: [Link to the statistics]

In 1922, the money was a lot less, around 4483 billion. If we multiplied that by 137, it would be 611 trillion. That's more money than there is in the whole world.

If the value of Bitcoin doesn't grow more than the cost of things we buy every year, it doesn't really protect you from inflation. Having less purchasing power means Bitcoin isn't a good way to guard against inflation.

If there's 5% inflation every year for 100 years, then what costs 131.5 in 2122 would only be worth $1 now, not 18k.

Lets use an example of 18k anyway. If $1 is worth 18k in 2122 and a car costs 414 million then (23,000 x 18,000), for you to have the same buying power, one Bitcoin would have to be valued at 414 million.

great explanation and yes your stats serves better for everyone to understand , thanks for sharing mate.

[RockBell]

My reason for adopting Bitcoin and not any other cryptocurrencies is the fear of missing out. I'm not gonna lie. Bitcoin is such a great project backed by technological, financial, and social principles that I fear that of I miss out on this my future generation will end up poor. Another level of the fear of missing out that drove me to adopt Bitcoin is the fear of missing out on something so revolutionary that even the government of the world don't really know what to make of it. While in the beginning some where quick to condemn it, they are now slowly coming in to embrace it even though they are hiding behind big financial institutions, we know that it's still them.

The fact that anyone would not want to miss out on looking at what transpired during the previous bull run struck my interest the most. The enhancements were significant, and many people profited handsomely from the circumstances. Aside from the fact that Bitcoin has a ton of financial advantages, not everyone can actually handle the entire process of being patient and holding. I don't think Bitcoin is the only way to make money because there are a ton of people who don't use Bitcoin but still make good money, and Another thing is the fact that you still need money to invest, it all in plans been drafted out, if there is not enough money then accumulating gradually won't be a bad idea at all, over time the government won't have a choice but to actually embrace i has you said.

[MURONDI]

I am interested in adopting cryptocurrencies because of their potential in a decentralized financial system, fast and low-cost cross-border transactions, and potential investment opportunities. However, it is important to note that cryptocurrencies also come with risks and regulatory considerations.

[khiholangkang]

My reason for adopting Bitcoin and not any other cryptocurrencies is the fear of missing out. I'm not gonna lie. Bitcoin is such a great project backed by technological, financial, and social principles that I fear that of I miss out on this my future generation will end up poor. Another level of the fear of missing out that drove me to adopt Bitcoin is the fear of missing out on something so revolutionary that even the government of the world don't really know what to make of it. While in the beginning some where quick to condemn it, they are now slowly coming in to embrace it even though they are hiding behind big financial institutions, we know that it's still them.

The fact that anyone would not want to miss out on looking at what transpired during the previous bull run struck my interest the most. The enhancements were significant, and many people profited handsomely from the circumstances. Aside from the fact that Bitcoin has a ton of financial advantages, not everyone can actually handle the entire process of being patient and holding. I don't think Bitcoin is the only way to make money because there are a ton of people who don't use Bitcoin but still make good money, and Another thing is the fact that you still need money to invest, it all in plans been drafted out, if there is not enough money then accumulating gradually won't be a bad idea at all, over time the government won't have a choice but to actually embrace i has you said.

Fear of missing out is one of the biggest reasons for all the people who are now getting involved in Bitcoin, in fact several institutions are also doing this, and if you look at the increasing number of people who are getting into Bitcoin, the government cannot stop this continuously. Continuously because market development is getting bigger and people are increasingly trusting Bitcoin, of course they have no reason to cover up this happening in their area and are forced to regulate it to make it more peaceful.

I am interested in adopting cryptocurrencies because of their potential in a decentralized financial system, fast and low-cost cross-border transactions, and potential investment opportunities. However, it is important to note that cryptocurrencies also come with risks and regulatory considerations.

That's great if you see bitcoin as its function, but for me it's quite difficult to implement because we can't be separated from a centralized government system, the most powerful reason is to make bitcoin a valuable asset that can provide huge profits to everyone individuals who have it, and yes I am one of those people who have that reason.

[Ayers]

My reason for adopting Bitcoin and not any other cryptocurrencies is the fear of missing out. I'm not gonna lie. Bitcoin is such a great project backed by technological, financial, and social principles that I fear that of I miss out on this my future generation will end up poor. Another level of the fear of missing out that drove me to adopt Bitcoin is the fear of missing out on something so revolutionary that even the government of the world don't really know what to make of it. While in the beginning some where quick to condemn it, they are now slowly coming in to embrace it even though they are hiding behind big financial institutions, we know that it's still them.

The fact that anyone would not want to miss out on looking at what transpired during the previous bull run struck my interest the most. The enhancements were significant, and many people profited handsomely from the circumstances. Aside from the fact that Bitcoin has a ton of financial advantages, not everyone can actually handle the entire process of being patient and holding. I don't think Bitcoin is the only way to make money because there are a ton of people who don't use Bitcoin but still make good money, and Another thing is the fact that you still need money to invest, it all in plans been drafted out, if there is not enough money then accumulating gradually won't be a bad idea at all, over time the government won't have a choice but to actually embrace i has you said.

Yes, a lot of billionaires and millionaires in the world do not invest in bitcoin and it is not wrong to say that Bitcoin is not the only way to make money. But you need to admit that investing in bitcoin gives us a bigger opportunity because its volatility and growth are surpassing all other investments, and many will say that high return comes with high risk but it is worth the risk and trade-off.

Furthermore, I know profits aren't the only reason we choose bitcoin, but profits may be the biggest reason we choose it over gold or stocks.

[icalical]

Well, I think it's not wrong that most of people adopting crypto solely to increase their profit. In my experience as a freelancer compared to other payment method, crypto generally have less fee that reduce the amount of money, not to mention that it also a lot faster and required less process. That make me get more 'profit' meaning I pay less to the third party, and that's the main reason I use crypto.

[Crypt0Gore]

To become financially free and to keep my money far away from the centralized banks and the government, Bitcoin fits my need that's why I enjoyed researching Bitcoin before I started investing in Bitcoin, I am just grateful that Bitcoin hasn't failed me, it was a very big battle for me, believing in something that hasn't been proven that it will survive in the future, I'm glad I believe in myself and I keep pursuing the goals.

Today my life gets better with Bitcoin and crypto investment compare to few years ago, and this is how I am able to live a good life presently, if I was out of Bitcoin I don't know what would be the foundation of my future today.

Fear of missing out is not the oy reason why people are investing in Bitcoin, what is there to miss out if you don't even know that Bitcoin existed? Many people want to make more money as their jobs isn't paying them enough, they look for means to invest too.

[bettercrypto]

In general terms, cryptocurrency is an opportunity that can provide profit or savings in the future. Now, if you say that it can be used as a currency, that depends on whether there are merchants or companies that accept it or recognize it as a currency like fiat.

This is also a job that can be considered if you are going to trade in the market, depending on the crypto you want to do trading activity in, such as Bitcoin, Ethereum, Bnb, Matic, Ada, and Shiba Inu, and these are just some of the ones that can be seen as reasons why other communities grab it when entering this business industry.

[CarnagexD]

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 think that crypto technology is a business, so one of my goals is to make a profit from it. even a developer of a project also has the main goal of getting profit. Maybe another goal is to be able to understand more deeply about this technology. However, other goals will definitely keep coming, and end in increasing profits. I think that's the main goal of all of this.

There is no standard or special reason for everyone to adopt cryptocurrency. In fact, some people are in the cryptocurrency industry without any reason, but however, I can surely say some sample of reasons that made people to join crypto currency as follows;

•   Not to be left out
•   For financial gain
•   For privacy
•   For investment purpose

It always will be for financial gain. What else are they for in there? It's a money-making game. However, because of their impatience, because of their lack of discipline following their trading plan or investment plan, they instead lose money overtime instead making money out of it. People do come and go in this market place. As long the market is trading 24/7, every transaction will flow in the circulation.

[taufik123]

Well, I think it's not wrong that most of people adopting crypto solely to increase their profit. In my experience as a freelancer compared to other payment method, crypto generally have less fee that reduce the amount of money, not to mention that it also a lot faster and required less process. That make me get more 'profit' meaning I pay less to the third party, and that's the main reason I use crypto.

As a crypto adopter, you should also look at how your government regulates crypto adoption.
If the regulation is only as a commodity you cannot make payments with crypto.

There are many people who are excited to adopt crypto as payment because it gives them more benefits.
But there are also many people who avoid crypto because they know the volatility of crypto is very high so the price fluctuations are getting faster.

Most people only use crypto as a means of investing in digital assets that will provide benefits for those who are patient and can trade and invest for the long term.
The main reason for crypto adoption today is certainly as a Financial Gain and as an investment destination.

[AHOYBRAUSE]

I pretty much got thrown in it about 9-10 years ago.

Was in Japan at the time and offered a service to buy stuff on demand. 1 guy contacted me about buying some stuff from several flea markets as well as Japanese Pokemon cards  .

When we discussed payment he suggested he could pay in bitcoin, which I never heard of actually. Since bank transfer was a pain in the azz and I didn't trust Paypal I thought ok, let's do it. It wasn't a high amount so I thought it's a good experiment. Well everything worked out and I made some more deals with him, always getting paid in btc.

Only "problem" was , I sold my btc WAYYYYYY to early, after they went up 50% . The price at the time was around 100$ for 1 bitcoin.  . Well done.