Why I love crypto ?

[Zanab247]

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

1) its starting capital is for free - crypto is given away for free using the lottery principle for example from FairMillions;

2) it has exceptionally clear reputation determined fundamental value (look at for example John Palmer article "What if Everyone Had Their Own Cryptocurrency?");

3) it is exceptionally volatile - that means that the profits from detecting undervaluation and overvaluation relative to fundamental value are bigger;

4) it is exceptionally secret - that means you are really free to make your crypto investments (the principle "secrecy means freedom" that is centuries misused in the field of elections achieves its true meaning in the field of cryptocurrencies);

5) it is exceptionally liquid - it is very easy, fast and cheap to buy/sell cryptos.

All the abovementioned advantages give extraordinary power to the Warren Buffett quote that the (stock, crypto) market is a device for transferring money from the impatient to the patient (from those who need it less to those who need it more).

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

Yes crypto is still helping the poor to succeed or to improve financially through trading, but it was not created for the  poor people only, because rich people are making it from crypto than poor people and they have the money to trade crypto without be afraid of loss. Crypto was never created for the poor and if you look at the traders that are trading plenty of crypto in the market you will know that rich people are plenty than the poor in the crypto trading, because some of them don't have the money to trade crypto and loss.

Crypto have helped both poor people and rich people to turn to wealthy traders, because many people have done everything possible within their strength and knowledge to be an expert in crypto trading that is making them growing financially, which is the wish of rich traders and poor traders.

[Issa56]

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.

Lots of people have been deceived by the videos which they see on YouTube, they have invested in wrong coins just because of videos they see on YouTube. I don’t always advice people to follow things they see on YouTube, most people that post are doing it for their own selfish interest, they don’t care about their followers, they just care about what they are going to earn.

Some of those videos are just promotional videos, people are being paid to post videos like that, and even if it’s fake, they don’t care as long as they are going to be paid. Most of the people on YouTube are just after likes and views which they are going to get, so they are always posting videos that will interest people.

[Asuspawer09]

I mean I get your point but that is just sound a so biased on crypto not to mention there are a lot of investors that getting destroy on crypto, to the point where there are some traders that commit suicides.

The chances of your investment to make a profit was just as risky as losing it, so it wasn't really something where you could just put your funds on and then magically expect to make some money in the future, But all of your list was a great advantages in cryptocurrency that traders can take advantage on, but still it wasn't something that is going to be guaranteed unless you already know what you are doing.

Crypto was not something that is created for the poor, I mean it wasn't even suitable in my opinion for it's purpose, But I guess it is just better these days as an investment because of your list, compared to other currencies.

[BALIK]

Yes crypto is still helping the poor to succeed or to improve financially through trading, but it was not created for the  poor people only, because rich people are making it from crypto than poor people and they have the money to trade crypto without be afraid of loss. Crypto was never created for the poor and if you look at the traders that are trading plenty of crypto in the market you will know that rich people are plenty than the poor in the crypto trading, because some of them don't have the money to trade crypto and loss.

Crypto have helped both poor people and rich people to turn to wealthy traders, because many people have done everything possible within their strength and knowledge to be an expert in crypto trading that is making them growing financially, which is the wish of rich traders and poor traders.

No, I do not think crypto help either the poor or the rich. It is no different from the stock market or forex. All it does is provide a market with both opportunities and risk. Whether someone makes money or loses money depends on their knowledge, skill, experience, and how they manage risk. The people who have made money and become wealthy did so because of their own decisions and hard work, not because crypto did it for them.

[Tungbulu]

No, I do not think crypto help either the poor or the rich. It is no different from the stock market or forex. All it does is provide a market with both opportunities and risk. Whether someone makes money or loses money depends on their knowledge, skill, experience, and how they manage risk. The people who have made money and become wealthy did so because of their own decisions and hard work, not because crypto did it for them.

I do agree with you here because you make quite a very notable point that a lot of people often ignore. I always tell people that, inasmuch as as the crypto market is quite profitable, it is not in any way some kind of a magic investment where profit is guaranteed for investors, how the market reacts towards you as an investor is completely dependent on your approach and the decisions you make when investing in the crypto market.

[ChocolateBitcoinK]

No, I do not think crypto help either the poor or the rich. It is no different from the stock market or forex. All it does is provide a market with both opportunities and risk. Whether someone makes money or loses money depends on their knowledge, skill, experience, and how they manage risk. The people who have made money and become wealthy did so because of their own decisions and hard work, not because crypto did it for them.

I do agree with you here because you make quite a very notable point that a lot of people often ignore. I always tell people that, inasmuch as as the crypto market is quite profitable, it is not in any way some kind of a magic investment where profit is guaranteed for investors, how the market reacts towards you as an investor is completely dependent on your approach and the decisions you make when investing in the crypto market.

I agree with you, many new investors present cryptocurrency in such a way that if you enter here, you will definitely make a profit, but the reality never says anything like that, we are never guaranteed success in anything, this matter should be easily understood by everyone, but those who do not understand it, in fact, there is no real thought among them. The market never guarantees profit for anyone, no matter how well we manage a matter, in the end we never get any guarantee from them, so those who think of investing greedily based on the words of others here, will never be successful, because as soon as they face the reality of the market, they will cause themselves a lot of damage through wrong decisions.

[DanWalker]

I do agree with you here because you make quite a very notable point that a lot of people often ignore. I always tell people that, inasmuch as as the crypto market is quite profitable, it is not in any way some kind of a magic investment where profit is guaranteed for investors, how the market reacts towards you as an investor is completely dependent on your approach and the decisions you make when investing in the crypto market.

The only difference between crypto and other financial market is that it is easier to get into and offers higher profit potential. Other than that, they are basically the same. There are no guarantees and it was never created to help or favor any particular class, gender, or group of people. The market treat everyone the same.

Those with better knowledge, discipline, and risk management skills will have more opportunities and earn more profits, and vice versa.

[Tungbulu]

The only difference between crypto and other financial market is that it is easier to get into and offers higher profit potential. Other than that, they are basically the same. There are no guarantees and it was never created to help or favor any particular class, gender, or group of people. The market treat everyone the same.

Those with better knowledge, discipline, and risk management skills will have more opportunities and earn more profits, and vice versa.

Indeed. The part about Bitcoin being pretty easy to get into is so true and basically the reason why Bitcoin stands out from every other type of investment. No poor man gets to buy gold, or ever owns a reasonable amount of shares, or succeeds in real estate. But gold? As long as they can be able to figure out their disposal income and is able to maintain a long term mindset towards the asset, they’ll definitely reach a reasonable level overtime.

[Dunamisx]

Many of us are into cryptocurrency today because of the divers opportunity we stand to gain in it, starting from the freedom we have, the privacy needed to control their financial economy without depending on the centralized institutions, the profitable opportunity in Bitcoin investment, an asset and investment where we can have a good store of value, a medium of exchange and many other applicable use for bitcoin and the network, all these serves as part of the reasons we can always rely and cherish cryptocurrency.

[Ayers]

Many of us are into cryptocurrency today because of the divers opportunity we stand to gain in it, starting from the freedom we have, the privacy needed to control their financial economy without depending on the centralized institutions, the profitable opportunity in Bitcoin investment, an asset and investment where we can have a good store of value, a medium of exchange and many other applicable use for bitcoin and the network, all these serves as part of the reasons we can always rely and cherish cryptocurrency.

However, we also need to be honest. The main reason most of us care about crypto is the profit potential.

If Bitcoin offered privacy and complete control over your money, but its price stayed as stable as a regular currency. I do not think many of us would be interested in it.

Bitcoin was created and became unique due to its decentralized nature, censorship resistance and self custody. But what makes it appealing to millions of people around the world is its growth potential.

[JaanusRaim]

Many of us are into cryptocurrency today because of the divers opportunity we stand to gain in it, starting from the freedom we have, the privacy needed to control their financial economy without depending on the centralized institutions, the profitable opportunity in Bitcoin investment, an asset and investment where we can have a good store of value, a medium of exchange and many other applicable use for bitcoin and the network, all these serves as part of the reasons we can always rely and cherish cryptocurrency.

However, we also need to be honest. The main reason most of us care about crypto is the profit potential.

If Bitcoin offered privacy and complete control over your money, but its price stayed as stable as a regular currency. I do not think many of us would be interested in it.

Bitcoin was created and became unique due to its decentralized nature, censorship resistance and self custody. But what makes it appealing to millions of people around the world is its growth potential.

The price/value ratio is the central characteristic of crypto (and every other asset) from the investors perspective. The five crypto advantages I mentioned here are all tightly connected to this ratio - make it more sweet (like volatility) or help to better exploit it (like free starting capital, clear value, secretness and liquidity).

[JoyceBTC]

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

Crypto was created more to create equal opportunity for everyone, with the primary purpose of being used as currency. It appeared it gave freedom to people to make transactions freely in different locations and also an opportunity to invest. This opportunity to invest is what the poor can take advantage of because, unlike some other investments, you do not require a lot of money to be able to start an investment in Bitcoin; you can start with the little you have and slowly work up the quantity you have invested through regular deposits.

So it was not created to help the poor exactly, but it is helping the poor.

Yes it is helping the poor and everyone at large. But for the poor to really benefit from it, they have to know about the risk involved before investing and also doing a long term investment which will be more profitable to them in the future. Long term investment helps build wealth gradually along the long run and preventing them from getting poorer or loosing out when they only stick to short term.
Bitcoin is more encouraging for the poor to invest in because, it doesn’t limit them to any amount to start with, free to start with any amount and can even adopt the DCA method, to make it easier for them.

[L E G E N D A R Y]

Yes it is helping the poor and everyone at large. But for the poor to really benefit from it, they have to know about the risk involved before investing and also doing a long term investment which will be more profitable to them in the future. Long term investment helps build wealth gradually along the long run and preventing them from getting poorer or loosing out when they only stick to short term.
Bitcoin is more encouraging for the poor to invest in because, it doesn’t limit them to any amount to start with, free to start with any amount and can even adopt the DCA method, to make it easier for them.

Yes, its very helpful in the lives of everyone both poor or rich, but its very necessary for one to know what they are doing and that require them to get the full knowledge about what crypto is and they can start with any amount they can afford and just as you said, if the apply the method of DCA, it will support them, as it will make their decisions easier to maintain and they should also be aware that one thing is sure in crypto, it doesn't give one quick profits, that is why its important for one to understand the risks before they can made up their minds to move forward with their decision or not.

[Smack That Ace]

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

Crypto was created more to create equal opportunity for everyone, with the primary purpose of being used as currency. It appeared it gave freedom to people to make transactions freely in different locations and also an opportunity to invest. This opportunity to invest is what the poor can take advantage of because, unlike some other investments, you do not require a lot of money to be able to start an investment in Bitcoin; you can start with the little you have and slowly work up the quantity you have invested through regular deposits.

So it was not created to help the poor exactly, but it is helping the poor.

Yes it is helping the poor and everyone at large. But for the poor to really benefit from it, they have to know about the risk involved before investing and also doing a long term investment which will be more profitable to them in the future. Long term investment helps build wealth gradually along the long run and preventing them from getting poorer or loosing out when they only stick to short term.
Bitcoin is more encouraging for the poor to invest in because, it doesn’t limit them to any amount to start with, free to start with any amount and can even adopt the DCA method, to make it easier for them.

Is it accurate to say that it is helping the poor and everyone in general? Because so far, alongside those who have made money and improved their live, many have lost money and become poorer by investing in crypto. Not everyone makes money in this market.

As some members have pointed out, crypto was not created to help anyone. It simply provides opportunities and those opportunities always come with risk, and I think that is true.

Perhaps the only real advantage it offer poor people is that it is far more accessible than other asset. They can start with any amount of money they have.

[Bobrox]

However, we also need to be honest. The main reason most of us care about crypto is the profit potential.

If Bitcoin offered privacy and complete control over your money, but its price stayed as stable as a regular currency. I do not think many of us would be interested in it.

Bitcoin was created and became unique due to its decentralized nature, censorship resistance and self custody. But what makes it appealing to millions of people around the world is its growth potential.

Right, all trader or investor reason about loving cryptocurrency because care about profitable potential trough trading or investing with long term target, its normally for every one why loving cryptocurrency so much because they have benefit earn much profit in short or long term and short term. I think many people loving so much with cryptocurrency not only about how feature or benefit from crypto its self how transparent when making transaction but many of them take care only how to earn much profit trough crypto for commodity assets.

If any vote about bitcoin benefit as decentralize assets or investment profitable assets I think many people take care and vote bitcoin as the way for earning much profit as investment or trading.

[liasbaa]

The only difference between crypto and other financial market is that it is easier to get into and offers higher profit potential. Other than that, they are basically the same. There are no guarantees and it was never created to help or favor any particular class, gender, or group of people. The market treat everyone the same.

Those with better knowledge, discipline, and risk management skills will have more opportunities and earn more profits, and vice versa.

Indeed. The part about Bitcoin being pretty easy to get into is so true and basically the reason why Bitcoin stands out from every other type of investment. No poor man gets to buy gold, or ever owns a reasonable amount of shares, or succeeds in real estate. But gold? As long as they can be able to figure out their disposal income and is able to maintain a long term mindset towards the asset, they’ll definitely reach a reasonable level overtime.

A poor person can never imagine that he can buy gold or that he can be involved in any investment. But if you are poor and the amount of discretionary income is at least $10-$20 per week, then you can get under way accumulation Bitcoin. The advantage of doing it in small amounts is that you can keep it going for a long time without any financial stress.

Accumulation in small amounts will make it easier to build a large Bitcoin holding in the future and the chances of getting returns are much higher. Using discretionary income to minimise risk is the best strategy for investors of all levels.

[gracreavix]

When creating crypto, it was in no on a mind to create it to help the poor. I don't see reason in your question. High volatility is quite a unique advantage in wealth creation. That's right. But outrightly saying it's for the poor is a no no for me. It can be used to create wealth and nothing like it was created for the poor. As how now? There are still many poor people even if you were to be right, not all of them is taking advantage of it. That's to say it was never for the poor. But created to solve a problem.

[JaanusRaim]

Thirdly—liquidity. Why is liquidity so important?
Let’s take real estate, for example. Real estate has one significant advantage (one from the five advantages of I mentioned earlier in crypto context): clear fundamental value. Yet that is its only advantage; it does not allow you to start without initial capital, nor is it anonymous, volatile, or liquid (I know this well, having been a real estate investor for years). When my market segment was heavily overvalued, the asset was often impossible to sell, as finding a buyer almost always took a long time—months or even years. And by the time I finally found a buyer, prices had already fallen   I accepted this as inevitable evil until I discovered cryptocurrencies.

Now, the mere thought that crypto may disappear (yes, it is possible - wonderful ideas unfortunately not always become popular!) and I have to return to real estate as an investment vehicle makes me feel sick. Please don't get me wrong: real estate was also a great investment, but incomparable to crypto. Nothing compares to crypto.

[Tungbulu]

A poor person can never imagine that he can buy gold or that he can be involved in any investment. But if you are poor and the amount of discretionary income is at least $10-$20 per week, then you can get under way accumulation Bitcoin. The advantage of doing it in small amounts is that you can keep it going for a long time without any financial stress.

Accumulation in small amounts will make it easier to build a large Bitcoin holding in the future and the chances of getting returns are much higher. Using discretionary income to minimise risk is the best strategy for investors of all levels.

Very true. Investing Invest in an asset like Bitcoin comes with lots of flexibility that anyone can actually do without much or any stress at all regardless of their financial status or position. The only requirement is that they have a source of income and thus a means of generating discretionary income, then they’re good to go, regardless of the size of the discretionary income. And of course there needs to also be back up funds available, funds that could cover at least 3 to 5 months of their living expenses, more like an amount kept in a safe box for rainy days.

[Ayers]

Right, all trader or investor reason about loving cryptocurrency because care about profitable potential trough trading or investing with long term target, its normally for every one why loving cryptocurrency so much because they have benefit earn much profit in short or long term and short term. I think many people loving so much with cryptocurrency not only about how feature or benefit from crypto its self how transparent when making transaction but many of them take care only how to earn much profit trough crypto for commodity assets.

If any vote about bitcoin benefit as decentralize assets or investment profitable assets I think many people take care and vote bitcoin as the way for earning much profit as investment or trading.

i would be willing to bet that all the reasons people bring up, such as transparency, being your own bank, or censorship resistance are secondary. what they really care about is profit and the opportunity to make money. that's why most people still use CEX instead of DEX, support government involvement, and welcome institutional and WS money...

i do not think you will find anyone entering this market purely for those ideals without caring about the profits Bitcoin can bring.