ADSactly on ADSACTLY - Believing in Crypto
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Believing in Crypto
Some people ask why we believe in crypto. It is not an easy answer, knowing the known facts about scams, hacks, manipulations and criminal activities. The task becomes even harder, not knowing most of the facts at the same time.
Be it as may be, we are witnessing the beginning, not an end of cryptocurrencies. Sooner or later in some form it will become the currency of the future. Soon nobody will be able to hide from that fact, not even the thoughest crypto-doubters.
As you remember "value" is dependant on people's perceptions. A loaf of bread can be worth nothing in the end of the expiration period, while that same piece of outdated bread could be traded for jewels in times of great catastrophies. In the times when diamonds carry no value at all and only life does.
Everything is fluctuating in this uneven world. One day we are up, another we are down. One must learn to keep a distance and not let events get to him. Setting up goals and seeing them through is a good way to go about it.
The idea is that we might wake up on a sunny morning only to realize it was all worth it. The morning all crypto enthusiasts dream of. To the ones who got on the train early it already dawned but it by no means stops all the rest of us from getting there.
All the great ideas of the past were just that - great ideas. Then when enough people beloeved in them the became the reality. Why wouldn't we believe in crypto, then?
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I truly believe that crypto in the long term will be the future of money.Cryptocurrency market is currently driven by fast, global, and secure transactions processing,low cost of remittance offered by cryptocurrencies,and growth in venture capital investments. Crypto are becoming the best way of trading.These crypto helps the investor to make some profit within a mean period of time.People say crypto are volatile and dangerous. Smart people know how to handle this volatility.
That's great if you feel you can time the market to your advantage. The truth is, though, that most people can't time the market and/or don't have the time to put in the research and learn how to do so confidently. For many people, holding long-term is a better strategy than selling and trying to buy back in lower to increase their stacks. Many people have tried to do this before and missed huge gains when the market unexpectedly turned around -- it's not always worth the risk.
Great if you can do it and get it right more than wrong. Not everyone can.
Plus, there are tax considerations. Every crypto-to-crypto trade is a taxable event in the United States. Many people have decided it's a better idea to hold for over a year rather than trade -- long-term capital gains vs. short term, easy-peasy reporting come tax time vs. a great big fucking mess that will make your CPA want to murder you.
And some people are simply less stressed holding vs. trading. Less stress = longer, happier life.
There are plenty of smart, logical reasons to hold, assuming you believe the market will rebound at some point and it isn't all downhill from here.
As you said only those things have value that human beings decide to give value. Life is the most valuable thing in this universe and there have been times in history when a loaf of bread have costed more than a life.
So even as the crypto markets continue there bear run and the media shouts that the bitcoin has ended - the truth of the matter is that it has just begun. This phenomenon is unstoppable not just because of the idea but the people willing to believe in that idea. In my understanding there is a core group of people willing to stand behind this idea and we need to decide if we are a part of it. As for me I consider myself a part of the idea.
Not only will we see the prices rising (that is only a secondary thing) but we will actually see mass adoption in the coming decades. But the thing to remember is that this is a long term game and to be successful patience and perseverance would be the key.
GREAT POST
An inevitability yak is inevitable is we will be dealing and dabbling with the world of cryptocurency. Various bokchain-based transactions make increasingly complex civilization civilization can be recorded well. One of the great challenges facing cryptocurency is that we can still easily find scamming, phishing, manipulation and various criminal actions related to criptocurency to make many doubts about this system.
whereas in the world of traditional pasara still occur crime by berbgai way both conventional and more modern ways.
Moreover the number of government parties that do not even agree with the transaction criptocurensi. if, even if the state of support is not entirely certain, we will be able to easily develop this criptocurency.
There are at least several ways to improve confidence in crypto.
With this steps and also your struggle I believe Crypto will be grow well.
Thank you @adsactly
Tjank you Steemit
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It's great hearing the reasons why you believe in crypto long term. I don't think Bitcoin was created to solve income inequality, but what it does do is remove government monopoly on the creation of value. This means the "value" of something can be captured and expressed without restriction, freeing us to create a more free and fair society.
You should do a separate post explaining how insanely wasteful this block chain ledger system is compared to a potentially nationalized, centralized digital currency. The fact that everyone on the network creates blocks and that miners have to use so many hashes is an extreme computational and energy waste. It would be far more efficient to have a small centralized group for transaction authentication than relying on the whole network to keep a copy of the ledger and create blocks.
The amount of thought and work that went into making this topic as easy to understand as possible (which I believe you succeeded in doing) is awe-inspiring. I don't even need to look at other videos of your channel to be confident in subscribing to you. Looking forward to more of your stuff!
Crypto currency has been replacing the mindset of people from the traditional modes of financing towards the use of electric credit generation, yet the lack of availability of knowledge and reliability of the sources of crypto currency is an inevitable problem. Only a few out of thousands know about the currency and most importantly only a few out millions have the access to crypto currency. It will take years to divert the modes of finance to crypto currency till then the real stake holders enjoy the small piece of cake they gained from the numerous advantages of economic growth from financing crypto currency. The fundamental challenge is unrealistic sources available in the market and its too much expensive piece of cake.
Great news
Crypto is my fav