Name your 3 reasons regarding cryptocurrency

Cryptocurrency is becoming more and more entrenched every year, even despite bans in some countries. Those who trade it even move to other countries permanently so as not to lose such a simple and very profitable source of income. Some may disagree with me, so everyone on the forum can share their reasons regarding cryptocurrency.

Write your reasons for a positive or negative attitude toward cryptocurrency.

Here are my 3 reasons:

1. Opportunity.

There are quite a lot of coins on the market that used to be worth almost nothing. There are many vivid examples of this: Doge, BNB, Sol and many others. The price of some coins even increased 1000 times more than their initial value. So with a small investment cryptocurrency can give you the chance to become very rich, especially if you participate in various ICOs, IDOs, private sales (these are coin sales at the project development stage).

2. Independence.

You don’t have to work for a private company or the state and your earnings depend solely on your time. At the same time it’s enough to study the market a little and have small financial investments – we’re not just talking about investing, but about day-to-day work or working in any free time. You can earn not only on price increases, but also on price drops; moreover, the market volatility is so crazy that with the right approach to earning you can make a month’s salary every day.

3. Privacy.

And finally, neither relatives, nor close ones, nor friends will know about your funds if you don’t tell anyone. Absolute confidentiality of the assets you have. Of course, this used to apply to centralized exchanges as well, but since some large states today are trying to legalize cryptocurrency, exchanges require mandatory identity verification. In their place decentralized exchanges have emerged where they will not ask for any of your data and you can freely continue to work on them, withdrawing profits to cold wallets.

1. Malware 2. Hacker attacks 3. Lack of legal framework and legal risks 4. Bankruptcy and exchange closures 5. No guarantees of loss compensation 6. Collapse of the virtual currency market 7. Volatility, instability 8. Loss of secret key 9. User transaction error. 10, 11 …

Cryptocurrency is unstable, unregulated, does not guarantee investor protection, is subject to extreme volatility and is highly attractive to fraudsters. Prospects for virtual earnings can be as insubstantial as the currency itself. Therefore everyone who invests in Bitcoin or makes cryptocurrency transactions must first of all take risks into account in order to take the necessary measures. Only a comprehensive approach will help effectively protect funds.

I don’t really have anything to do with cryptocurrency, whether it’s there or not I don’t use it and I’m not going to use it because I understand it’s crap………..

Cool, interesting, profitable. Actually crypto isn’t just Bitcoin and Ether, that’s already outdated. There’s so much interesting stuff happening in this world right now that you can only keep diving in and learning, and there’s Profit from it too. 

For that there are antivirus programs, and you should also choose reputable projects.

You can’t argue with that because some blockchains are indeed too vulnerable, so it’s better to invest in older projects that have high-level security.

In most countries there is already a legal framework, so you’re wrong about that.

Therefore you should store your coins in cold wallets, not on exchanges. Fixed profits should be withdrawn immediately.

No one will give you any guarantees in investments except banks, but inflation eats up the lion’s share of your investments, while bank interest rates are simply meager.

A collapse of the entire crypto market is physically impossible; the market cap is too huge, which mostly came from giants of American business – this was especially noticeable in 2020-2021. What’s more, large companies and investment funds, as well as the banking structure, are strongly tied to blockchains.

Regarding volatility and instability, that’s actually an opportunity to make money trading, both on the fall and the rise of cryptocurrency.

Secret codes and erroneous transactions rest solely on the user’s attentiveness.

Profit may be present, but at the same time you need to manage to get into this trend for everything. So it’s not that simple, and of course there are many coins. 

I also want to write something here but I don’t know what yet. Basically I’ve only just started looking into all this and, being green, it all seems kinda complicated, maybe that’s the only reason I’m not that interested in the topic. But I don’t deny that I might change my mind tomorrow.

I no longer doubt that crypto is an unexplored niche with huge potential) However, I think it’s ultimately up to each person to decide whether they want to get involved or not. After all, as the thread author correctly noted, you have to spend your time, follow the market, develop yourself, and enrich yourself with all kinds of information. Basically, like going to a job) Well, if your goal is not just to see a few coins occasionally, but also not to end up in the red, or even to make money

Personally, I’m not interested in investing my time in this, but crypto itself is indeed a chance for many not to work in a factory or elsewhere) With the right talent and diligence, of course

GoldKing dear, you asked and I answered how I personally feel about this air currency.  Well, it is unstable currency so I compare it to a win in a casino: we take a risk and if we play well and manage to take the winnings from the casino, then we drink champagne.  Look at how many complaints about casinos there are on our forum, how disappointed players are.  The same thing happens with this currency, only there’s no one to complain to.  There are probably niche resources where holders of this currency communicate, it’s worth checking out what kind of mess they’re brewing over there.   I’m not discouraging anyone, just be on guard with this crypto – the world situation is unstable and who knows what will happen.  Good luck and success to everyone who likes to take risks. 

My attitude toward crypto is a bit neutral, but I recently started looking into it 😊

I consider crypto a convenient payment method, a way to receive income and, most importantly, anonymity. I figured it out – I’ve been using it for 8 years and everything suits me. Maybe I’m wrong, but I think there’s a pointless fight against the cryptocurrency market, which at first wasn’t taken very seriously, and now that crypto turnover is a trillion bucks, those who really want absolutely all movements and savings of every person to be like in an aquarium – under control and accounted for, tied to loans so that a person’s funds don’t multiply) can’t control it anymore. All that would be left is to add a final barcode and welcome to digital slavery, but crypto with its decentralization interferes with such universal happiness and is only gaining momentum. so I’ll be rooting for it with hands and feet )

Well basically that’s what I wanted, I just answered you because you kind of put cryptocurrency in a bad light. You have so many negative reasons that I get the impression you don’t use crypto payments at all.

But in fact the world doesn’t stand still and you need to always be trendy. Those who can’t keep up with progress will end up picking crumbs off the table.

I don’t get why these cryptos? like we don’t have enough currencies and honestly currencies are totally unnecessary and you even have to pay fees for exchanges, complete nonsense……..

To be honest, I still haven’t figured it out, cryptocurrency is still a long way off for me

@alexey03 This is complete nonsense when you write an unrelated string of letters without understanding the subject at all. If you don’t know what to write it’s better not to write anything at all.

No big deal, it’s actually the perfect time to start using Google, read specialized forums. The earlier you start, the better for you. I’m not urging anyone to invest any money, but for general familiarization this will be useful in the future.

I’ve started studying a bit, even opened a wallet on Blockchain, but beyond that it’s still fuzzy what and how – exchanges, swaps, etc.

Hop into all the Telegram chats, you can pick it up fast there, and they’ll point you in the right direction if anything

Guys, if possible drop the link to me in a PM where and what to look at, thanks in advance

Everyone has their own idea of happiness. Some need progress for that, some don’t. Catching happiness in the moment – that’s the true goal of life. Often those who pick up crumbs are a thousand times happier than those who “sit on the top.” Crypto for me is just an additional way to make money. If I earn – great. If I don’t – I haven’t wasted much time. Since I don’t have a lot of money, I don’t know if I would have invested in it or not. And like I wrote before, I’d like all this shit to just fuck off). And we’d once again go “at night” to the mouths of horses or cows and relax by the campfire with a bottle of port)

That’s exactly why it won’t happen. The world doesn’t stand still, nor does humanity – with each cycle we develop, and we’ll never go back to the Stone Age.

Some will realize that earlier and simply keep pace with the times. Others will keep standing still and reminisce about the old times of happiness. I remember the times you’re talking about, but now it’s the age of information technology and you can’t get away from it.