Post
Topic
Board Bitcoin Discussion
Re: What are your reasons for adopting cryptocurrency?
by
Wend
on 01/08/2023, 13:31:32 UTC
My reason for "adopting" cryptocurrency is not something profound, I just want to be able to grow my money without the hassle that a basic investment institution offers and I want to buy a lot of stuff and travel in places and eat good food, if crypto or bitcoin helps me do that then so be it.
Here's the reason for all of us, investing in bitcoin makes no sense if it doesn't turn out to be profitable for us. I don't believe people will still hold or stay loyal to bitcoin if it becomes stable and no longer generates profits. Of course, we still use it, but there won't be as much interest in it as today.

For me, it's all about financial sovereignty. Cryptocurrency gives us the power to control our money without relying on centralized institutions. Plus, the potential for financial inclusion is huge!
People talk about financial freedom but what does it really mean? I have heard of it and have used it but I don't really know what it actually means. If it's freedom from financial institutions, I don't see it because most of us still use fiat in our daily transactions, we are still slaves to consumerism which is an engine of the financial institutions that we so hate so I don't know if we're truly financially free.
But you can freely control your money with bitcoins, you don't need to depend on banks or any 3rd party when storing assets. It can be said that we have full control over our assets when using bitcoin. But you are right, that does not mean that we will be completely free, as many people say, because we are still dependent on fiat, on the banking system, if we want to continue to exist.