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What is crypto currency to you?

  • Thread starter Thread starter eLdavis
  • Start date Start date
Well, in my own case I think I do actually see it as a form of investment. The best form of investment I have ever been involved with as I have gained alot from cryptocurrency in the past and currently still earning
 
A lot of people have already jumped into the bandwagon of cryptocurrency and invested millions of dollars in debt and as a result they are making decent amount of profit on daily basis especially for the ones that are trading in the cryptocurrencies.
 
eLdavis said:
As we all know, crypto currency is a digital currency that cannot be seen with the physical eyes neither can it be touched. I have come to realize that to others it is not that simple. Alot of persons view crypto currency in one way or the other.

THE VOICE OF THE PEOPLE
There are some group of persons who see crypto currency as not just a digital currency but to them it's a voice to the current government. It is a symbol of the type of system they want to live in. A system where the government nolonger have the power to manipulate how things are done, a system where power is no longer centered in one body but decentralized.

A FORM OF INVESTMENT
There are the group who sees crypto currency as just a form of investment for them to get rich quick or simply a means to escape unemployment and poverty.

A REPLACEMENT FOR PHYSICAL CURRENCY
And there are the group who sees crypto as the future, they believe it would come a time where there would nolonger be need for paper money or even our flat currency, every transaction would be done through crypto, thus creating a cash free world.
What about you? What do you see crypto as?
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Thanks for sharing this information. I agree with the three definition of what cryptocurrency is to you. I agree that cryptocurrency is voice of the people, replacement for physical currency and a form of investment.
 
Crypto currency is simply a digital asset or commodity that is highly volatile which can bring profit to it's investors with time, and experience.
 
GIFTMICHAEL said:
Crypto is simply digital coin that isn't in the form of paper which can also be called virtual money. It is the new world means of paying for goods and services online.
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I agree with you, and this is the easiest way to explain it to peopel that are not familiar with these sort of systems, because it is essentially like an electronic payment that is made without the need for a bank account.
 
Heatman said:
For the fact that a lot of people are still doubting what cryptocurrency is all about and whether it can be trusted is something that still surprises me because it's one of the biggest projects in the world right now.
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People still doubt cryptocurrency till now?? That's strange, because cryptocurrency is the new oil well, it the best investment one can go into presently. Cryptocurrency is the future.
 
Heatman said:
I believe that the next step that cryptocurrency need to take is for it to be generally accepted as a legal tender all over the world not minding the country and their each fiat currencies.
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Crypto Currency Is Digital money created from Code.Cryptocurrency is a weapon through which you can become rich very soon by doing investment.Crypto Currency is an Encrypted String of Data.
 
Yaqoob Habib said:
Crypto Currency Is Digital money created from Code.Cryptocurrency is a weapon through which you can become rich very soon by doing investment.Crypto Currency is an Encrypted String of Data.
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I actually know what cryptocurrency is all about because I've already started investing in cryptocurrencies for more than 5 years right now and I've already made decent amount of profit from it.
 
BrolySSJ said:
I agree with you, and this is the easiest way to explain it to peopel that are not familiar with these sort of systems, because it is essentially like an electronic payment that is made without the need for a bank account.
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You're right my dear friend. It is like an electronic payment means which is made without the financial banking institution in the offline mode.
 
GIFTMICHAEL said:
You're right my dear friend. It is like an electronic payment means which is made without the financial banking institution in the offline mode.
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There's a very interesting fact that I read recently that actually said that they are trying to work on an offline system in order to allow for cryptocurrency transactions to take place even when there is no internet. This will truly be an offline mode.
 
I see it as a form of investment that can fetch you gains on both a short and long term , that is why it's much better to invest now inorder to make gain's from the market
 
BrolySSJ said:
There's a very interesting fact that I read recently that actually said that they are trying to work on an offline system in order to allow for cryptocurrency transactions to take place even when there is no internet. This will truly be an offline mode.
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If that occurs in the world of digital coins, it will be indeed massive, and a glaring one for cryptocurrency livers to even trade offline.
 
eLdavis said:
As we all know, crypto currency is a digital currency that cannot be seen with the physical eyes neither can it be touched. I have come to realize that to others it is not that simple. Alot of persons view crypto currency in one way or the other.

THE VOICE OF THE PEOPLE
There are some group of persons who see crypto currency as not just a digital currency but to them it's a voice to the current government. It is a symbol of the type of system they want to live in. A system where the government nolonger have the power to manipulate how things are done, a system where power is no longer centered in one body but decentralized.

A FORM OF INVESTMENT
There are the group who sees crypto currency as just a form of investment for them to get rich quick or simply a means to escape unemployment and poverty.

A REPLACEMENT FOR PHYSICAL CURRENCY
And there are the group who sees crypto as the future, they believe it would come a time where there would nolonger be need for paper money or even our flat currency, every transaction would be done through crypto, thus creating a cash free world.
What about you? What do you see crypto as?
Click to expand...
There are actually many ways in which cryptocurrencies can be judged. Obviously, since they are digital money, and therefore not physical, I believe that investing all our savings on them, if we do not have others spare money asideto, we could run a considerable risk!
So I could imagine all the crypto, almost as a high-risk investment.
But anyway, having said that I still don't know exactly how their algorithm works.
 
Cryptocurrency to me is the currency of the future. It is a currency that has made greater impact to many lives than the fiat counterpart can ever saynitnhas achieved. This is a game changer type of currency
 
GIFTMICHAEL said:
If that occurs in the world of digital coins, it will be indeed massive, and a glaring one for cryptocurrency livers to even trade offline.
Click to expand...
I don't think that it will be for trading, but i think that it is rather going to be geared toward the potential of the coin to be sent via a transaction offline. Trading will be a lot harder to achieve offline.
 
To my own view cryptocurrency is a digital payment solution that has been set up in place to replace all the troubles that has been with Fiat currency.
 
In the beginning, crypto currency for me was a payment form. I used to receive payment in the form of crypto currency and send payment in crypto currency. But these days crypto currencies are digital asset that I can invest into and earn profits.
 
For me , cryptocurrency is a digital asset which can be used as a form of payment method and also can be earned through many ways online. Also there are various investment schemes offering to earn crypto by investing.
 
Cryptocurrencies to me are life changers. They provided a way for us to receive payment in my country, especially when PayPal has banned us.
 
Aaron625 said:
For me , cryptocurrency is a digital asset which can be used as a form of payment method and also can be earned through many ways online. Also there are various investment schemes offering to earn crypto by investing.
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yeah there are various schemes offering cryptocurrency as investment option and even paying interest to those who invest on cryptocurrency ,it's another good opportunity
 
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