Why do people want alternative currency and specifically crypto like Bitcoin

[Didosky]

"The real reason why people want an alternative currency is to participate in vile activities"
"What we really should do," he said, "is to demand the same transparency in financial transactions with bitcoins that we have with banks." If this were to be done, he believes, the bitcoin market "would simply collapse."

Do you agree or disagree and why? Thank you

 

[Dowenship]

"The real reason why people want an alternative currency is to participate in vile activities"
"What we really should do," he said, "is to demand the same transparency in financial transactions with bitcoins that we have with banks." If this were to be done, he believes, the bitcoin market "would simply collapse."

Do you agree or disagree and why? Thank you

Please who said this, it looks quoted from someone... Meanwhile the main reason why traders, investors participate in alternative currency is because they cannot afford bitcoin anymore....

 

[jeff87]

"The real reason why people want an alternative currency is to participate in vile activities"
"What we really should do," he said, "is to demand the same transparency in financial transactions with bitcoins that we have with banks." If this were to be done, he believes, the bitcoin market "would simply collapse."

Do you agree or disagree and why? Thank you

It's so sad that the real reason why people want alternative currency is to participate in evil activities.

I am into trading of cryptocurrency because I would like to earn in buying and in selling of cryptocurrency. I do not do evil in cryptocurrency trading.

 

[Nurudeen]

Well not all demanding for alternative currency are really into any scam or shady deal. Some are just using the coin just because of the fact that they want to run off from inflation with Fiat Currency

 

[joy101]

Because them all know that bitcoin trading more demanding because trading into cryptocurrency you earn more money from it.

 

[Hena101]

Because them all know that bitcoin trading more demanding because trading into cryptocurrency you earn more money from it.

Yeah you're absolutely right they all know how bitcoin trading is demanding and most of then fear of devaluation of their fiat currency.

 

[eLdavis]

Though I strongly believe it's true that if not just Bitcoin, but crypto currency in general becomes transparent just like other banks transactions there would be a major decrease in it's usage. I don't think it would fall completely.

 

[Grandeur]

I disagree, banks are compromised as much as the crypto market, what do they use our money for, all those extra charges, what is it used for? They would never tell us they invest it in forex too.

 

[tyrim88]

There are a lot of reason most persons want an alternative to the fiat curenncy is to avoid the procedures involved in doing transaction through the banks,and also the charges involved.And some also use this medium to be able to keep their money to aviod the inflation in their local curency.

 

[Hena101]

People want alternative to fiat currency and they choose bitcoin mostly is because of the popularity and the price of the coin and also because how those invested before get a good reward from it.

 

[Nomad]

The primary purpose of creating Bitcoin was for payment purpose, where people could bypass the middleman (banks for example), to send and receive payment, thus avoiding the middle man fees. But these days, crypto currencies are commodity.

 

[Setho]

To be very honest the Bitcoin price is actually very high and as such whenever there is a bulletin most alternative coins tend to go higher in bigger percentage is compared to that of Bitcoin so it is more likely to make profit with them.

 

[kayode10]

If you check the marketplace yourself, you are going to see that picture is the most expensive cryptocurrency in the marketplace. it is way too expensive and that's the reason why people are looking for alternative which they can make money with a short period of time.

 

[Dowenship]

To be very honest the Bitcoin price is actually very high and as such whenever there is a bulletin most alternative coins tend to go higher in bigger percentage is compared to that of Bitcoin so it is more likely to make profit with them.

Exactly, i can't remember the last time bitcoin did 20% increase unlike other coins like xrp or AXs and other nft's that can do more than 20%.

 

[Josemendez]

People engage in cryptocurrency because of it's Volatility which gives them an opportunity to make money from the Volatility. The Fiat currency is not Volatile

 

[Bookwormlux]

Not everyone is considering cryptocurrencies for illegal transactions. So many of us trade cryptocurrencies to make money and sustain ourselves.

 

[mcjerry]

"The real reason why people want an alternative currency is to participate in vile activities"
"What we really should do," he said, "is to demand the same transparency in financial transactions with bitcoins that we have with banks." If this were to be done, he believes, the bitcoin market "would simply collapse."

Do you agree or disagree and why? Thank you

I cannot and never agree that crypto currency will collapse one day because I have so much believe in crypto currency that I am ready to invest huge in crypto currency

 

[Bookwormlux]

Cryptocurrencies give Better profits than any other form of investment we may want to think about. This is why people keep adopting them.

 

[akinlolu99]

People want aleternative currency because most times and cases we have gotten to see the value in that currrency for example niara against dollar, back in the day i used to not understand neither when i was explained to wll i wan to do anyind of business with or in another currency because i had the notion that my countires currency will be dimishing if i did certain business that paid in foreign curreny but over time my ideology changed.

 

[Bookwormlux]

Alternative Currencies help those who have no much money to start Crypto Currencies investments and trading since Bitcoin is expensive.