What is the Reality of cryptocurrency?

[percare 3192]

It is not only about profit but it turns out that many cryptocurrency developers have only that in their mind, so they either fail or make it and then have the holders of the coin curse them for losing their money, as the devs usually own a large piece of the coin supply and dump it on exchanges when prices rise.

[Sykkuno 2887]

The reality is that most are not worth anything and are traded with high volumes while they aren't used at all. We can use some cryptocurrencies but most not so we have to be careful when we invest in this space and try to find a few opportunities. Some coins are used and have very good technology and we have to stick to them. These are Bitcoin, XRP , Ethereum. 

[bogdanoff 3173]

You are right and most of us did everything we could during the pandemic and the lockdown to help cryptocurrencies and made investments too and some money but we were in high risk too, we had to buy in these conditions and tell everybody that it was safe investments.

[Mella 3680]

On 5/5/2020 at 3:19 PM, Babubu609 said:

There are many people that before they start cryptocurrency they didn't believe they can be rich from cryptocurrency until they learn about how a friend become rich with cryptocurrency.

My dear I am found a lot that is not very true, get rich is a catch and it is not real. We are can make money and we can lose a lot and get poor too. I am never say anybody they will get rich because this is very wrong to do. They will say that we are scammer if they are not make money and lose too.

[ShiNorton 906]

Cryptocurrency is the new technology driven digital curreency. It can help this world from the so many prospectives.Yes cryptocurrency is real and it is perfectly working.

[yonkii 3205]

I really try to learn about that and I understand what you mean that we can earn something by working for them but I can't find a way to get rich unless we risk a lot of our money in investing in a few of them.

[Guru2050 8284]

It's the advance technological economic drive, competing with the fiat currency which in nearest future shall overtake fiat world serving as alternative means of making fastest and smart transactions internationally. 

[kryptonick 2659]

On 5/5/2020 at 3:19 PM, Babubu609 said:

Cryptocurrency gives us a medium to ease our stress from seeking for job outside instead you use your phone to make money while you are at home

I wish it was this simple. I try but a real job will still pay a lot more from what I earn and the risk is real. I traded and still trade but I risk with money I earned and if I lose it or prices start going down a lot it will mean I was here for nothing. I just hope that my coins will start rising and I can earn from online jobs too because after the covid finding a job is harder everywhere in the world.

[Omar Ommeish 4872]

On 5/5/2020 at 3:49 PM, rekter said:

That's really not the answer. People seem to be focusing on the "getting rich" -part when they really should be asking the questions like that how do crypotocurrencies work and what are different cryptocurrencies for. That's where the value comes from in the first place.

Yes, many beginners make the same mistake, which is to search for wealth before searching for knowledge, and we must advise them that knowledge is much more important than wealth because it is the first correct step to making money.

[zhoutong 2188]

It is a game of hodl. We can buy some altcoins that are famous and have a good community like ethereum and ripple and for no reason price can drop. We have a decision to sell them in fear because we don't like losing or to hold. If we bought in low prices where there is a good chance to sell later higher we don't need to sell at a loss. This is a good time to buy and trade but without fear. We should have fear in all time highs only.

[ajabe2 1485]

What we spend on printing currencies will be very big. These can be used on some other needs. So varied form cryptocurrency can help here. Also with cryptocurrency we can fully control what is ours and the nice thing is that no one knows how much wealth we have in cryptocurrency.

[khan22 3478]

The reality of the crypto market is that it is a great business and in this business peoples will change their life in it in a short time. Crypto market world best and great market and it is going to be legal in all over the world so soon.

[yato987 2811]

i see cryptocurrencies was a great chance for people to be able to make money during covid-19 situation but still can't agree to take it as a full-time job , working in crypto can help by making additional income for people and also for  those who don't have jobs to be able to keep buying the daily needs but to get rich of it this will take long time of anyone because like any other job you will need experience and knowledge about the field , and also you will need to have lots of money to invest and trade with to make more , other than that you may be only able to make good profit that help you to continue living , not more than that

[decemberends 1881]

Although some of your facts its true there are some parts of it contradicts the reality of it especially with annoying scammers and spammers still wandering around and they wouldn't just give up so many failed attempts to ruin it.

[Onden 2098]

I agree with you, the reality of cryptocurrency people join and learn cryptocurrency to get rich here, because the opportunity to get rich quick is in the crypto world, when compared to jobs in the real world it is very difficult to get rich. Nobody studies cryptocurrency not for money reasons, for sure people are here to get money and wealth.

[Jromz 2158]

The current reality of cryptocurrency primarily boils down to speculation, luckily though DeFi projects are starting to give attractive opportunities to leave centralized finances behind. I guess the reality most of us would like to live is when cryptocurrencies can finally play a common role in our daily lives, such that we no longer need banks or centralized financial institutions. 

[hasaan 289]

I agree with you the crypto is a great innovation, the people are always try  to find a new and easiest way to transaction as well. The best feature of the crypto is that the coins and the money is most of the time is untraceable. This is the peoples nature that the people don't like to be trace. 

[Abdul1168782 572]

It's really an amazing currancy because it's now increasing digital currency by that we can make transection from one counrty to other. And by this we can earn more by trading and can get profit.

[Goyaa 2414]

The reality of cryptocurrency has a high price and can give people income and can get rich because of it. Cryptocurrency is a digital asset that can be traded and invested in the future, many people do not believe cryptocurrency can make money, in fact cryptocurrency can make someone change his life, from poor to rich. There are still many areas of cryptocurrency that you may not know about, so join the cryptocurrency world.

[annayks 2314]

I know most of us see cryptocurrency as an extra source of income but maybe we are seeing this in a wrong way. Why are there holders in Bitcoin since 2009 and 2010 and didn't sell. There are billionaires that think of Bitcoin as an investment and we are trying to make profit in USD now for just close to a wage to make it matter. But are we missing perhaps the bigger picture which will be Bitcoin growing above all fiat currencies and becoming a never ending rising investment. It can be twenty years later that we say to ourselves why didn't we held this 0,1BTC. Maybe it will be too important and maybe we need not care about short term profits at all but put everything into Bitcoin.

[matias estigarribia 1605]

Cryptocurrencies came to replace the current financial system. I've been educating myself financially for a while and my goal for the next few years is to live from what I am so passionate about!

[guatazoo 7150]

The reality of cryptocurrency is that it is having high prices became it having limited supply, and also it is not the business thats must make you reach as people always thoughts. 

[joemcgwa 3227]

On 11/28/2020 at 5:07 PM, guatazoo said:

The reality of cryptocurrency is that it is having high prices became it having limited supply, and also it is not the business that's must make you reach as people always thoughts. 

But not all crypto currencies that's have limited supply, there have other currencies with unlimited supply and their prices in the market is very low.

[Michaelx018 0]

Cryptocurrency has been one of the best things happened to me during the covid-19 pandemic. I was thinking about waste on income while in Quarantine while I happen to come up on this. I earned quite a bit of money for my personal needs.

[Fixfin 2569]

Obviously this post is quite the opposite of what cryptocurrencies are, the author has a twisted idea about cryptocurrencies, don't understand what cryptocurrencies are, why there is separation between them and thinks it is all the same no matter if it is Bitcoin, Ethereum Tether, Dogecoin or anything and only thinks he can get rich by cryptocurrencies for some magical way, but makes himself unworthy of anything.