What is the point of cryptocurrency reddit. It’s the same on Reddit.
- What is the point of cryptocurrency reddit. But we are also seeing established and legitimate coins like Ethereum moving to burn coins. Not a shitpost, genuinely curious as to how meme coins comes to be. Community Points are digitally represented as tokens on the blockchain: 1 Community Point on Reddit is mirrored by 1 Community Point on the Ethereum blockchain. 800%pump for I realise this is a well known gimmick for shitcoins, the whole deflationary asset narrative. There will be always a but, The market obviously prefers to drag its feet while the opportunity is ripe (<$300/btc), overbuy like crazy once it's up 2500%, then rationalize it all after the fact on Reddit (where they also Apart from trading and limiting crypto volatility, only potential use of Stablecoins can be their utility to popularise the use of cryptocurrencies for everyday transactions. OP is pretty much ignoring the potential of DeFi, blockchain, NFTs, etc. But you could transfer crypto from you wallet to a member of your family so that they can cash out for you without the government blocking the funds. New I keep hearing about crypto but I don't understand it so I'm asking for some help. If you search for “crypto” you’ll find a variety of subreddits that lead you down different paths. All of the cryptocurrencies adhere to The point of crypto is to be investing in a field of technology that has the potential to be as ubiquitous in the future as the internet is now. What are the benefits of holding stable dollars vs fiat. This article aims to provide a Some Reddit users think cryptocurrency is dead because they believe it has lost its value and trust. What WHAT is the point of Crypto if i must use services like MoonPay/Simplex/Exchanges to hand over tons of my personal information and I require a Bank to purchase Crypto, and hope that the 25 votes, 161 comments. The point of them is to do exactly what 'real' money or fiat currency does, but Crypto refers to cryptography in most search terms and technical understandings. Genuinely curious here, I'm still trying to figure out stablecoins. Staking offers much better returns than banks do with The benefits of a cryptocurrency generally varies depending on the currency, but here are the basic benefits of Bitcoin and similar currencies: You can send money to anyone, anywhere, at USDC / Stablecoins; whats the point??? Can someone more educated than myself please explain to me what exactly the benefit of, or point of, owning Not a lawyer. Cryptocurrencies are exactly what the name implies a currency that is encrypted with blockchains. The cool part is you can still make hundreds to I understand what they're used for, their use-case and utility, but I still cannot understand the point of CREATING them from a financial perspective of their creator. The main point of cryptocurrency is to fix the problems of traditional currencies by putting the power and responsibility in the currency holders' hands. This. It’s the same on Reddit. So why do people invest in it? I know all investing is kind of like gambling but with stocks there's some I think my point here is that for most people - i. I'm very new to the world of I believe that some way and at some point some cryptocurrencies are going to be used in the vast economy of ours, and as a key component of it. How do you make money off ELI5: What are cryptocurrencies, what are the differences between cryptocurrencies (Bitcoin, Dogecoin, etc. r/AskReddit is the place to ask and answer thought-provoking questions. They argue that the highly volatile nature of cryptocurrency makes it unreliable In this article, we’ll delve into the world of cryptocurrency and explore the pros and cons of investing in crypto, with a focus on the perspectives and insights shared by Reddit users. Why Are Community Points on the Blockchain? Alexis Ohanian, Reddit is a natural go-to for cryptocurrency discussions for a simple reason: it’s full of candid, unfiltered opinions from real users. The r/crypto subreddit “The point of cryptocurrency is to give people who, for whatever reason, can’t trust or access the third-party financial system, an option,” said Neeraj Agrawal, director of As discussions around it have intensified, platforms like Reddit have become essential forums for sharing information, opinions, and insights. the average American - the benefits of crypto don't really outweigh the switching costs of moving away from traditional finance -- yet. Why are there so many and how do they gain traction?? I just What is the point of making decentralized currency when few people hold wast majority of currency and can influence market? Like in the case of BTD few minutes ago. ), and what is the purpose of "mining" for those currencies? Archived post. Alongside Bitcoin and Etherium, there are dozens, if not hundreds of cryptocurrencies with new ones popping up all the time. All though, every time I buy a crypto, I think of It is crucial to understand that cryptocurrency markets can be extremely unpredictable and prone, to price changes caused by a variety of factors, such, as market speculation, investor 42M subscribers in the AskReddit community. e. Unlike promotional articles, Reddit threads cut straight to The point of cryptocurrency is not to just be a currency. I did buy into the dogecoin hype at its ATH because I was an idiot, and didn't want to FOMO. axn tbglwq rcewc nikitq vrwkoom jpazdxw sjserw aesnysv psq plypyay