While I was thinking at night, the question came to my mind: Why cryptocurrencies?
As I woke up in the morning I started to investigate why people use it so much.and I got the following information:
1-)Why is it so preferred;
Cryptocurrencies, which have been today since 2014, are one of the reasons why they are highly preferred due to their 24/7 transactions, low commission fees or no commission
In addition, it is one of the factors that attracts you due to the high volume of the Stock Exchanges and the doubling of your money in a short time.
2-)Cryptocurrencies are rising and falling according to what;
If you are interested in cryptocurrencies, you must have seen that these coins fall or come out.So why are these cryptocurrencies changing?
The biggest reason for these changes is volume, so cryptocurrencies increase if the buy rate is greater than the sell rate, but falls if the sell rate is greater than the buy rate.
However, not only the volume, the depreciation of the dollar, destructive events, lawsuits, in short, the loss of trust of the user, also decreases the crypto money.
To give an example, there is a sudden increase in the doge coin as Elon musk invests in the doge at times and increases its volume.
3-)What is a pump ?
The pump is to increase the value of the coin by 100% - 110% by buying the same coin in a large amount or a certain group at a certain time. so how do they do it
4-)Interest rates
Another reason people choose cryptocurrencies is because of the high interest rates, people mostly choose this method because they make money without doing anything.
5-)low transaction fees
Low commissions on cryptocurrency transfers affect people using this route. People avoid using Banks, especially when some networks don't even charge commission.
6-)Campaigns
Those who do not want to start these businesses change their minds when they see the campaigns and start using this network.
7-)Mining Possibility
Yes, now we come to the most important reason why crypto money is preferred.
The acquisition of Crypto Money through mining is the most important reason why this money is preferred.Well then:
a)What is mining
Mining is solving complex problems in transfer transactions and getting rewards in return
b)How you can
Special hardware and special software are required for mining. Unfortunately, it is not possible to do it with household appliances.
8-)Development of technology
The development of technology leaves people to choose this way, even if they do not want it anymore, new blockchain-based websites games show us that this will be the future.
Therefore, the sooner we are in cryptocurrencies, the better for us.
