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What is crypto currency to you?

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Avatar for Twilight
Written by   3
3 months ago

It is indeed a common fact that crypto currency generally known as a digital currency that cannot be seen with the physical eyes nor can it be touched but has value like our flat currency but to others it is more than that.

CRYPTO CURRENCY AS A MEANS OF INVESTMENT & JOB OPPORTUNITY

Crypto currency to some is not just a digital currency, it is also a means of investment, and a means of lively hood. The young ones of our generation today have decided to focus on crypto currency to survive. There are no jobs available in the community so instead of going into fraudulent activities, they go into crypto currency.

CRYPTO CURRENCY AS THE VOICE OF THE PEOPLE

The nature of crypto currency is based on decentralization, which means power belongs to no one, therefore the government or any other body has no right to control it's operation in any from. I have talked with a few persons I have come to realize that many of them believe crypto currency is a way of telling the government the kind of system they want to live in. A system where power belongs to not just a particular body that would misuse it but decentralized, a system where the government does not have total control of everything and how they live, therefore it would be a system free from political manipulation. This is what crypto stand for and which is also why most government are seriously fighting against it, as many believe the government has seen it's potential and because they cannot control it they would rather stop it.

A BETTER MEANS OF SAVING THAN BANKS

There also some groups of persons who do not see crypto currency as a message to the government nor as a job opportunity but instead they consider it a better option to save their money than the banks. They feel though the value is not stable but they would get higher returns if stored in wallets than banks and because of it's nature, it is safer that way. They would no longer have to worry about banks taking unnecessary charges like, monthly maintenance fees or unauthorized charges with no explanation as to what it's ment for.

A BETTER AND FASTER TRANSACTION METHOD

There are some group of persons that see crypto currency as simply just another means to carry out transaction easier. As humans we tend to find easy ways to carry out our day to day activities and crypto currency has become one of them. You nolonger need to go through the stress of sending money through western union or the likes of making an international transfer, you can simply send the money in a crypto currency of your choice and in no time the receiver get it. It has also become a mode of payment to most forums as well, as it is alot easier to send payments through crypto than PayPal and the likes that might not even be available in other countries.

A SECURE TRANSACTION

What got my attention are the ones that are not even into crypto currency in anyway, they simply use it for transactions to avoid being monitored. They use it as a means to freely and quickly move huge sums of capital within and outside the country without worry or fear that the government would give them any issues, as crypto currency cannot be traced.

What is crypto currency to you and why do you use it??

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Avatar for Twilight
Written by   3
3 months ago
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Comments

cryptocurrency is great for cashless transactions, i use them to trade on various platforms i also buy some tokens and wait for their value to increase and then sell them to make money. However, we are a bit protected from hacker intrusions, so what happened to me on the blockchain stole almost everything I had there.

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3 months ago

Really sorry for what happened. Indeed crypto has been a great help in pushing our society into cashless transaction.

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3 months ago