Cryptocurrency is still in its infancy and has a long way to go until it reaches full mainstream acceptance. Users from a popular Internet site questioned the perceptions and ideas about Crypto to understand what lies ahead for the currency and its adherents and detractors.
The Benefits of Being An Early Adopter
Learning new things and being up on innovations is always a good idea, even if you don’t completely immersive yourself. When contemplating why it would be a good idea to explore new ideas like cryptocurrency, a forward-thinking commenter said, “The most important thing to today is to learn so that you later have the choice of being an early adopter of technology.
Think of the early Internet and how many opportunities were afforded to those who adopted email and e-commerce early on, as opposed to the Luddites who were slow to adopt the Internet.”
Control Your Own Money
We all may be too acclimated to the limits put on our banking and Money by financial institutions. One advantage of Crypto is the ability to move your money as quickly as you like and in the amounts, you want to without having to consent to the rules of banks and governments. A person questioning the need to follow established rules stated, “Another perspective, you hedge against control.
People in sanctioned countries have been using cryptos to bypass limits on the amount of money they can move around, as well as low-income countries with bankless citizens now being able to own assets to live off of. Crypto can be used to buy your freedom in terms of owning assets (the bank can freeze your assets and uses them for their gains), and transactions not being limited or have to go through review and acceptance.”
Who Doesn’t Need A Little Excitement In Their Life?
In more of a comment on the fun that comes through taking risks, a user touched upon how Crypto has changed their life for the better unexpectedly, “Crypto is honestly a fun thing for me. There is money involved, and I’m hoping that it’ll help me financially, but it also became a hobby, something that brings a bit of excitement to my life.”
Knowledge Is Power
Most people accept the systems that sustain the status quo. There is no reason to learn more about how these systems, like the finance world, function because they have always been there and allegedly always will be. One commenter mused about another benefit that Crypto has given him, learning more about establishments and their power, “Money aside, I indirectly learned a lot about how the world, especially the financial one, functions. Knowledge is power, as they say.”
Put Something Away For The Future
One perspective about crypto is the patience needed for it to pay off, and the originator of the thread spoke movingly about how they viewed crypto, “But crypto should be seen as a best friend in times of need. Put money in, and forget about it until one day you’ll need some cash, and it’ll be right there. It’s a rainy day fund, a holiday fund, a friend in times of joy and happiness.”
Building Relationships and Community
It might be an unexpected benefit of cryptocurrency, but this “Hodler” stated this sentiment, “Crypto was a pure investment for me in the beginning, but as I started reading into projects and trying to keep myself up with the latest developments, it grew into a hobby! It became fun when I stumbled on this subreddit, as I found a lot of like-minded people here who I love to stay in contact with over discord or telegram.”
Turning The Frown Upside Down
In cryptocurrency, a red candle means a price decrease. This crypto fan found a way to turn downturns in the market into advantages, “Crypto sure is a fun thing; the joy of red candles each day is exciting. Why? Because I DCA like a baller into coins I believe in. More red? Good, I buy cheaper, and the longer it continues, the bigger my bag will be! Red is suddenly my favorite color!”
Crypto Can Encourage Self Growth
Challenging yourself with learning about a new financial system can open your mind to challenging yourself to learn more about different technologies. A surprising change in this person’s life who said, “It’s a good hobby. I became a lot more tech-savvy thanks to crypto, even started learning programming because of it.”
When You’re Young, Why Not?
When is the best time to take a risk? When you have established ties to others and a responsibility to the welfare of others, like spouses, children, or aging parents? The best time to experiment and take the most significant risks is when you are young and only responsible for yourself. As this commenter observed, “It’s a good hobby. I became a lot more tech-savvy thanks to crypto, even started learning programming because of it.”
One advantage of being part of this Internet forum is that participants can get rewards for their contributions. Known as “moons,” they are ERC-20 Tokens and can be spent, used as tips, or transferred among the users. The sheer number of times that Moons were mentioned by the users shows how much they are worth to the contributors.