Quote from: mullzerwar on May 09, 2018, 06:44:06 AM

Quote from: Ric8 on December 13, 2017, 04:56:03 PM

Advantages of Cryptocurrency:

1. Easy access Cryptocurrency is readily available to the general public. Almost anyone can make use of it. It is a decentralized operation and investors from all over the world have easy access to them. You can find various projects trying to raise funds through cryptocurrency. Almost anyone that can make online fund transfers can become part of such projects.

2. Quick and easy payments Making payments using cryptocurrency is very easy. You can do it in just a matter of a few seconds. It is very fast because you dont require to feed many details, you dont even need to enter your credit/debit card details. All you need is the address of the wallet of the person or enterprise to whom you wish to make the payment too. The amount shall credit to the receiver within few seconds to a few minutes depending on the crypto. The ease of transfer and the low transaction fees makes it very desirable.

3. Costs less Transferring money by using any other online forum or bank gateway is expensive as they levy considerable fees for the transaction. Credit card processing companies charge hefty fees. But it is not the case with cryptocurrency as the costs are nil or negligible. With credit cards or debit cards, the seller is the one paying a fee but for cryptos, it is the buyer paying the small fee.

4. Private You dont need to share your identity or whereabouts or the details of the transactions made between you and the beneficiary. No information required to share with the government and the bank regarding the deal. It is truly decentralized.

5. Highly secured All your transactions will be secure as it is using NSA created cryptography. It is next to impossible for any person other than the owner of the wallet to make any payment from the wallet, unless they were hacked which there are many ways to protect yourself from.

6. Remain anonymous Some coins can help you stay anonymous but contrary to popular belief, not all of them can. Bitcoin is pseudonymous which means people wont know exactly who you are on the blockchain but they can get some information from it.

7. Your details are safe Nobody can steal your personal information from merchants, which ensures the privacy of your sensitive data. By creating a proxy ID, you can make sure that no one knows anything about you.

8. No chargebacks Once you made the payment, you cannot chargeback. This considerably depletes the chances of a fraud. Once the transfer has completed, it cannot reverse. Nobody can file chargeback like you can on credit cards. It has its cons but can be an advantage also.

9. No third party You are the master of your money. You can keep it in your wallet and use it as per your wishes. There is no third party involved like a bank on whom you need to trust.

10. No boundaries When you talk about transactions using cryptocurrencies then there are no limits. You may be in a different part of the world and the receiver might be some other hemisphere, you can still transfer the amount without any hassle. The inter-country transaction is extremely easy with cryptocurrency because its function is not under the control of any central bank.

With these real advantages, I'm sure that there will be many more people who love the cryptocurrency. there will be the era where most people involve in cryptocurrency, work for it, and use it for their transaction or investment method. But of course, the advantages only will not attract some people who really don't know about it. It needs to spread out the positive issues along the world to make them sure to get in the crypto.

Only for the first time is the hardest as many of my friends aren't into cryptocurrencies even though they already knew that we had earned huge amount of money through cryptocurrencies.
the only problem is the adaptation along the way that people will find comfort using crypto on daily basis in the long run.