Why I love crypto ?

[Bitcoin_people]

It's clear that everyone has different thoughts. This also means that sometimes some like crypto and others like Bitcoin. But I think this is part of people's priorities. It's impossible to force someone who likes Bitcoin to be the same as us who prefer crypto. Ultimately everyone has their own principles in determining their direction or goals. Part of forcing ultimately won't determine the direction desired by certain parties. So it's better for each person to determine their own direction so that no one is disappointed when something doesn't match their expectations as planned.

That is why people do differs, what might seem easy for you, might not be for another person, that is why people do have their dislikes and likes and despite Bitcoin being a volatile assets, it doesn't mean that there will no one investing in it, not because they are not humans and don't have emotional issues. But, they have teach their emotions to always stay in check and be ready to anything from the market and this is because they trust Bitcoin and the benefits it renders to people.

However, people mainly use Bitcoin for its advantages, especially privacy and fast transactions in transactions. Currently, the digital currency Bitcoin is the most popular currency where every investor controls their emotions and invests in Bitcoin with patience. Moreover, those who plan to invest for a long time are always patient and do not lose hope even due to market volatility. Those who invest in Bitcoin are also people, those who do not are also people, the only difference between them is knowledge, experience and skill and self-control. However, those who invest in Bitcoin keep it for a long time to earn profit from it, besides there are many who use it in transactions in different places with Bitcoin. Bitcoin is an independent currency where everyone can invest and if they can control their emotions, it is ready to give high returns in the future.

[fuguebtc]

I won't say cryptos is meant to help the poor but it can support them somehow. Cryptos can majorly be a favourite investment option for middle-class families who can afford to spare some change. For poor people, they usually do not have any spare and all they do is work today to eat tomorrow. These people do not really care about cryptos or any other asset for say. All they want is better job opportunities today so they can support their family. Also let's not forget digital literacy. Not every poor has the available resources to hunt online about cryptos.

As we advance with technology, more and more people are getting acquainted to the online world. Middle-class has already penetrated the online world and now is the time for lower class to start exploring these cutting edge technologies.

Satoshi created Bitcoin to be a p2p currency. But over time, Bitcoin has evolved in a different direction. People came to see it as an investment asset and at the same time, altcoin emerged. But most of them were created to enrich their developer, and the market became flooded with rug pull projects.

It can be said that crypto was not created for the poor, nor is it intended to support them in any way. It was created to provide an open financial system where anyone can freely participate if they wish


Anyone with money and an interest in investing can participate. The only difference is that, unlike other market, crypto does not require a minimum investment. That makes it much easier for more people to enter the market.

[Achalugo BTC]

However, people mainly use Bitcoin for its advantages, especially privacy and fast transactions in transactions. Currently, the digital currency Bitcoin is the most popular currency where every investor controls their emotions and invests in Bitcoin with patience. Moreover, those who plan to invest for a long time are always patient and do not lose hope even due to market volatility. Those who invest in Bitcoin are also people, those who do not are also people, the only difference between them is knowledge, experience and skill and self-control. However, those who invest in Bitcoin keep it for a long time to earn profit from it, besides there are many who use it in transactions in different places with Bitcoin. Bitcoin is an independent currency where everyone can invest and if they can control their emotions, it is ready to give high returns in the future.

You are right, people invest in Bitcoin for reasons best know to them and of course, most people invest in Bitcoin because of its benefits which gives one the freedom to their funds, as no one can be in control of it. And its essential for one to invest in it with the right mindset, as it takes one with the right mindset to do the right thing that is required for them to succeed and profit from their investment, as there are some who invest in it but have no knowledge about them and this makes them not to know how to manage the risk involved.

[bangjoe]

I won't say cryptos is meant to help the poor but it can support them somehow. Cryptos can majorly be a favourite investment option for middle-class families who can afford to spare some change. For poor people, they usually do not have any spare and all they do is work today to eat tomorrow. These people do not really care about cryptos or any other asset for say. All they want is better job opportunities today so they can support their family. Also let's not forget digital literacy. Not every poor has the available resources to hunt online about cryptos.

As we advance with technology, more and more people are getting acquainted to the online world. Middle-class has already penetrated the online world and now is the time for lower class to start exploring these cutting edge technologies.

I totally agree with you that crypto is not for the poor, there is no very logical reason for that, crypto is a technological advancement for alternative transactions, bookkeeping and also and the efficiency of digital space, I also don't think whether it is for the middle class or not, I consider that crypto is for anyone who can access it, including investing, trading, or anything else there is no economic class discrimination here.

The poor class can enter if they have resources ranging from knowledge, devices and others to seek greater hope that they can use to find a better living space, but I think more of them are still thinking about how to eat tomorrow.

[cakir1]

The crypto investments (unlike for example real estate) are very liquid if the invested sums are relatively small.

It depends to the choice that we have.

Because there have been good crypto in the past which were very liquid that became no longer popular and lost its volume.

Which means in the past they're good and liquid but in the current day, they're no longer as good as they were before.

Well, that's the way life is. There is never always a positive side. Negativities would eventually follow. I agree that there were a few coins which were much popular a few years back but now are worthless. That is only because they lost their monetary importance as the use case of those coins dropped suddenly. The only thing that determines price of any asset worldwide is the very basic demand and supply factor. A coin can be in demand for a good amount of time but it would eventually lose importance if the use case drops.

These examples are quite limited though. There also are a number of coins which have been doing extremely well since the very start. Bitcoin is one of them. Coins like bitcoins will always have monetary value as demand would never drop due to mass adoption. Just another reason for me to love cryptos.

[TheUltraElite]

The poor class can enter if they have resources ranging from knowledge, devices and others to seek greater hope that they can use to find a better living space, but I think more of them are still thinking about how to eat tomorrow.

Crypto is for everybody but I do agree that the technologically advanced have an advantage while using and keeping crypto as compared to the poorer population. That is true for fiat money as well.

Poor people have poor choice of assets and often they are scraping to survive and not having enough to save. Added to this are expectations of lifestyle of the rich and hence spending that is beyond their level.

These people need to be very diligent in spending if they want to save, specially crypto.

[bangjoe]

The poor class can enter if they have resources ranging from knowledge, devices and others to seek greater hope that they can use to find a better living space, but I think more of them are still thinking about how to eat tomorrow.

Crypto is for everybody but I do agree that the technologically advanced have an advantage while using and keeping crypto as compared to the poorer population. That is true for fiat money as well.

Poor people have poor choice of assets and often they are scraping to survive and not having enough to save. Added to this are expectations of lifestyle of the rich and hence spending that is beyond their level.

These people need to be very diligent in spending if they want to save, specially crypto.

In fact, the context of poverty itself is quite confusing for me, as there are many cases of poverty, but at different levels and under different conditions. If we're talking about extreme poverty, they don't have access to the knowledge, information, or money to connect with what crypto is and how to use it. This is certainly difficult.

However, in the case of the poor who still have a decent income but can't manage their money well, this level of poverty offers a good opportunity to enter crypto. This can help us focus our discussion on finding solutions and what needs to be addressed.

[impulse709]

It's clear that everyone has different thoughts. This also means that sometimes some like crypto and others like Bitcoin. But I think this is part of people's priorities. It's impossible to force someone who likes Bitcoin to be the same as us who prefer crypto. Ultimately everyone has their own principles in determining their direction or goals. Part of forcing ultimately won't determine the direction desired by certain parties. So it's better for each person to determine their own direction so that no one is disappointed when something doesn't match their expectations as planned.

That is why people do differs, what might seem easy for you, might not be for another person, that is why people do have their dislikes and likes and despite Bitcoin being a volatile assets, it doesn't mean that there will no one investing in it, not because they are not humans and don't have emotional issues. But, they have teach their emotions to always stay in check and be ready to anything from the market and this is because they trust Bitcoin and the benefits it renders to people.

However, people mainly use Bitcoin for its advantages, especially privacy and fast transactions in transactions. Currently, the digital currency Bitcoin is the most popular currency where every investor controls their emotions and invests in Bitcoin with patience. Moreover, those who plan to invest for a long time are always patient and do not lose hope even due to market volatility. Those who invest in Bitcoin are also people, those who do not are also people, the only difference between them is knowledge, experience and skill and self-control. However, those who invest in Bitcoin keep it for a long time to earn profit from it, besides there are many who use it in transactions in different places with Bitcoin. Bitcoin is an independent currency where everyone can invest and if they can control their emotions, it is ready to give high returns in the future.

Yes. Emotion and knowledge are two key traits that all crypto participants must have. I personally enjoy crypto because it provides people with more freedom and enables. One to make quick transactions without relying on the bank entirely. While Bitcoin has demonstrated its worth over the years. The entire cryptocurrency market is also making strides in terms of innovation and opportunities. But of course, it does not guarantee success, so it is important to play with patience, do proper research and have a proper risk management strategy. Discipline will give him a better chance of reaping rewards in the long-run.

[Mpamaegbu]

I conclude that crypto is a democratic/communist/Christian enterprise in the following reasons:

Whatever you meant by that isn't clear to me, and I believe to many others too because of the ambiguity in that part.

Is crypto created to help the poor ?
Yes, it is.

I don't believe it's targeted primarily at the poor to help them out of their abject state. Nope. Cryptos first and main objective is the elimination of the middleman. My reference there is to Bitcoin as the pathfinder in this industry.

My major reason for liking cryptos is because of the financial freedom and ease of doing business it affords me. It comforts me, knowing I can stay in the comfort of my home and make an investment of my choice without getting off my bed. Whether investment or trading, the industry is open for 24/7.

[JaanusRaim]

I conclude that crypto is a democratic/communist/Christian enterprise in the following reasons:

Whatever you meant by that isn't clear to me, and I believe to many others too because of the ambiguity in that part.

Yes, I understand. I explain a bit more...

There is no $1T market cap stock that is given free to every claimant (using the lottery principle). There is no valuable real estate that is given for free. The same is with precious metals. (Please correct me if I am wrong!)
The only exception known to me is crypto assets - only crypto gives free starting capital for everyone (both the rich and the poor but the rich do not need it).

[WilliamCarter]

calling crypto a charity to save the poor is a bit too romantic tbh. but its defo the only place left where u dont have to kiss some gatekeeping npc's arse to get a game login pass. once u actually log into this brutal liquidity market tho, whether u survive or just get farmed as someone else's exit liquidity all comes down to how u hack the rules of this survival game

[Mpamaegbu]

There is no valuable real estate that is given for free. The same is with precious metals. (Please correct me if I am wrong!)

Well, I know this is going to be debatable, if I reason from the point that you're referring to airdrop as being free, right? Is that the free starting capital you meant? If it's so, then we can also look at airdrop as not being given for free. The little tasks one does to get them is something. We may say it's just social media farming and all that as it doesn't demand capital investment. Technically, it does. Even if it's just dropping an email address and a wallet address, they still count. We shouldn't forget that human capital is greater than fiat capital. Again, airdrops help spread a project too. The activities of hunters chasing airdrops also benefit projects as much as that benefits hunters themselves too. It's a symbiotic relationship.

[Achalugo BTC]

Yes. Emotion and knowledge are two key traits that all crypto participants must have. I personally enjoy crypto because it provides people with more freedom and enables. One to make quick transactions without relying on the bank entirely. While Bitcoin has demonstrated its worth over the years. The entire cryptocurrency market is also making strides in terms of innovation and opportunities. But of course, it does not guarantee success, so it is important to play with patience, do proper research and have a proper risk management strategy. Discipline will give him a better chance of reaping rewards in the long-run.

That's true, except profit instantly, its what its not guarantee and that is why its good for one to apply patience when dealing with crypto, it has its benefits but that doesn't mean it doesn't show his side effects. But, knowledge help to keep them out of troubles, as they will always be reminded that the markets does fluctuates, so having the idea of how it works keeps them away from scams and other acts that will corrupt their mindset in doing what its wrong.

[justdimin]

there are some people like that, assuming its possible for them, they won't even want to have anything to do with banks, as they will just use crypto. But like you said, its not that easy for one to completely be out of fiat, because there are some places one will go, they won't accept crypto but fiat, that is why there is always needs for one to also include fiat too, and also crypto has other aspects that makes one to love it, that is the freedom of your funds, knowing fully well that no one its in control of it, this makes people to even adopt the idea of crypto the more, especially Bitcoin.

To be honest, I tried that once but unfortunately it did not work out well. I was stuck at some places and had to call a few person to make those payments. Cryptos is one of the best investment asset but when it comes to real-world use case, it still lacks adoption. In major countries, we can somehow survive with only cryptos but in developing nations, it might not really be feasible. We do need fiat no matter what. We can try to avoid fiat for maybe a few months but eventually we would understand the importance of fiat as I did.

The reason I tried switching to cryptos and completely stop using fiat was because I got this debit card where I can load all my bitcoins and use it as a regular card for payments. The markup fees there would sometimes be a bit high which is another reason why I prefer using fiat for these transactions now.

[JaanusRaim]

I conclude that crypto is a democratic/communist/Christian enterprise in the following reasons:

Whatever you meant by that isn't clear to me, and I believe to many others too because of the ambiguity in that part.

Is crypto created to help the poor ?
Yes, it is.

I don't believe it's targeted primarily at the poor to help them out of their abject state. Nope. Cryptos first and main objective is the elimination of the middleman. My reference there is to Bitcoin as the pathfinder in this industry.

My major reason for liking cryptos is because of the financial freedom and ease of doing business it affords me. It comforts me, knowing I can stay in the comfort of my home and make an investment of my choice without getting off my bed. Whether investment or trading, the industry is open for 24/7.

Second - volatility. I try to explain why I love crypto volatility with one extremely simple example. There is real gold (and real silver) and there is crypto gold Bitcoin (and crypto silver Litecoin).
The market caps of real gold and real silver relate 8:1 ($30T vs $4T), the market caps of crypto gold and silver relate 350:1 ($1.25T vs $3.4B).
The market caps ratio of real gold/real silver has fluctuated in the range from 3:1 to 13:1 during the last 15 years, the market caps ratio of crypto gold/crypto silver has fluctuated in the range from 7:1 to 400:1 during the last 15 years. The (fundamental) values ​​of both physical and crypto gold/silver have remained relatively stable compared to their prices, and a 400:1 overvaluation is much easier to identify and exploit than a 13:1 overvaluation.

Yes, I certainly prefer a world where an ounce of silver can fall to $1 at a time when an ounce of gold costs $4000

[Royal Cap]

That's true, except profit instantly, its what its not guarantee and that is why its good for one to apply patience when dealing with crypto, it has its benefits but that doesn't mean it doesn't show his side effects. But, knowledge help to keep them out of troubles, as they will always be reminded that the markets does fluctuates, so having the idea of how it works keeps them away from scams and other acts that will corrupt their mindset in doing what its wrong.

Hearing your words reminded me of a friend of mine, when he first came to crypto, he invested a lot of money in an altcoin on impulse after watching some cool videos on YouTube. Then when the market started to fluctuate a bit, he was restless with fear, he couldn't even sleep at night. Later of course, he realized his mistake. Honestly the crypto market is a vast ocean, if you jump in here without knowing the direction, it won't take long to drown.  So those who come here without doing any study and just by luck, are actually gambling. However with a little discipline and the right strategy, this market can give great returns in the long run.

[Achalugo BTC]

To be honest, I tried that once but unfortunately it did not work out well. I was stuck at some places and had to call a few person to make those payments. Cryptos is one of the best investment asset but when it comes to real-world use case, it still lacks adoption. In major countries, we can somehow survive with only cryptos but in developing nations, it might not really be feasible. We do need fiat no matter what. We can try to avoid fiat for maybe a few months but eventually we would understand the importance of fiat as I did.

The reason I tried switching to cryptos and completely stop using fiat was because I got this debit card where I can load all my bitcoins and use it as a regular card for payments. The markup fees there would sometimes be a bit high which is another reason why I prefer using fiat for these transactions now.

Adoption its very good but, not everyone will have such mindset, as they won't adopt the idea of crypto. Well, you are completely right, crypto is great for anyone who decides to be part of journey, especially for saving aspects, as it will be good for future purposes and it will be reliable and secure if one  invest in Bitcoin, as its the most notable, but its good for one to understand step by step on investing in Bitcoin, they are to make some research and relieve from them unnecessary stress.