Quote from: Kate Beckett on July 31, 2018, 06:22:38 AM

Quote from: Impulseboy on July 31, 2018, 01:40:16 AM

This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?

Personally, for me, crypto-currencies have become a worthwhile extra earnings. In addition, the use of crypto currency helps to untie money from the state and does not depend on internal inflation and fluctuations in the exchange rate of the national currency. Crypto currency is also a great way to invest with huge profits that other investment options can not provide.

Yeah me too. And it provides one other channel to send or receive money through, that isn't being taxed as soon as it hits the account. The problem I have with sending money abroad is that the receiving county will tax it, even if I've already paid tax on it in my country. Why should I have to pay double taxes!

Crypto is also providing a revolution in the way we think about money, and the way we use it. It's a new method that has people doing innovative things in business, commerce, economy, etc. in the name of crypto. So it's a facilitator of innovation.