Crypto 5 THINGS WHY WE SHOULD INVEST IN CRYPTOCURRENCY

[Yanizie]

1. Deflation > Inflation​

We trade services and products using currency (Fiats: $USD ) that are getting more expensive over time. Why? Because of its circulating supply, the more circulating supply of fiat, the more price of products and services will increase. That's inflation.


Deflation, on the other hand, is the increase in the value of a currency from products and services, like Bitcoin, 10 years ago 1 bitcoin can be traded for a box of pizza, today you can buy millions of boxes of pizza using 1 $btc.

2. The Blockchain​

Public ledger of every transaction. Due to its transparency to see the ledger of every transaction, You can assure that omitting data from its record is impossible. All blocks are recorded with time-stamps to ensure the security of the data and no corruption can be done on every transaction made. The blocks created with timestamps are connected with one another that's why if someone omits data from its record, that block and the following blocks until the latest transactions must be erased.

3. Irreversible Transaction​

Every transaction is irreversible by nature, once done it cannot be redone or resend or whatsoever it calls. It is one of the powers of the blockchain to ensure security from peer-to-peer. Though many häçkers try to s†éál and suck funds, they have a difficult time doing such jobs, more difficult than banks heist. Transactions are done from hashes to hashes or wallet address to wallet address only and without intermediary. A peer can only see its transaction but not the name of who is having that wallet, very different from traditional banks.

4. Decentralization​

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Decentralization is the process of making someone or something become independent. It makes us feel free and mobilize thinking that if you go to different countries, you don't need to exchange your fiat currency for their currency just to buy a product or service.

5. Cheaper Fees​

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Blockchain fees are cheaper and faster than any traditional money transfer. (not ETH today. LOL.) Not all but most cryptocurrencies do have zero fees when sending money and other cryptos like $ADA can send different currencies with one transaction.

The Main goal of an investor is to yield profit by managing his risk. Cryptocurrency is much more volatile than foreign exchange or stock market but the gains are much more higher than any legit investments. Because of its cheap price in fees, profits are maximized and no need for an intermediary to realize gains.

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Cryptocurrency is the next generation of money transfers and store-of-value because of its scalability for us that need many transactions in a day through data transfers like video calls, cloud storages, social media interactions, money transfers. With this new technology, our world will be better. The only thing that it can shut off is if the internet is no more working. Embrace the new norm, invest in cryptocurrency.

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[Jchorcrux]

Interesting

 

[Ninong Ng Bayan]

the reason and intentions behind crypto currency is good but its still not fiat currency and not backed by gold, silver or anything instead its value is only driven by "Speculative" interest thats why its highly volatile and the second problem with crypto is they are not very efficient and they used a lot of energy to run and produce alot of electrical waste which is really bad for the environment which alot of crypto farm still denies to this day but it is proven to be true

 

[Yanizie]

Not all are speculative right now. Like Chiliz: $CHZ. They tokenize teams from sports to esports and make team merchandize bought by tokenize team tokens.

You are right, If that crypto still use the system of Proof-of-Work, then high energy consumption is needed to get high gains. But if that crypto is in Proof-of-Stake. Then using of electrical consumption is very minimal. Sample if the Ethereum, From the beginning, $ETH make nodes from POW or Proof of Work, but today they are migrating from POW to POS to maximize ether users profit and minimize electrical consumption.

 

[Ninong Ng Bayan]

$CHZ is speculative until cos its still a token. if that token is backed gold, silver or anything of actual value i digress on that.
well on the electrical consuption arguement based on a study back in 2018 crypto uses 30twh of electricity per yr and only serves less than 90m people far more less people than traditional atm and banks which is widely used and serves 5billion people and it only consumes 100twh it includes everything from printing to transporting. lets say if crypo serves just a billion people ur looking at 300twh or energy used per yr . plus the e-waste crypto farms coz their hardware becames obsolete roughly every 1.5-2yrs.