Pull out a Bitcoin or Ethereum chart for a cryptocurrency noob, the chances of getting deterred from developing interest will be high let alone wanting to invest due to the volatility nature of cryptocurrencies.
Most times we have seen the anti-cryptos bash Bitcoin due to its volatile nature, how can a currency this volatile serves as currency as such it fails as medium of exchange.
While they do have a case against Bitcoin being the world's reserve currency the purpose of this article is to look beyond the monetary aspect of cryptocurrency.
For an in-depth understanding of cryptocurrency it is better to put in the research, getting educated about the fundamentals of Bitcoin, I will rather suggest Bitcoin because not only is it the world's first cryptocurrency it remains the most decentralized, tested over the years yet have survived everything thrown at it.
In the quest to familiarizing oneself with the cryptocurrencies, one is bound to come across centralized cryptocurrencies yet claim to be decentralized so much more research is required in that regard.
Why place so much importance on decentralization you may ask?
As mentioned above decentralized cryptocurrencies have been through it all in terms of attacks, truly decentralized blockchains are capable of surviving moments of attack or during cryptocurrency bear market as we can see in the case of Hive despite bear markets, the blockchain continues to survive and in fact keeps developing DApps for use.
We can go on with several reason as to why decentralization is of high significance for cryptocurrencies.
Another aspect worth considering is the use case of cryptocurrencies which extends to the blockchain level. It is unwise getting involved in tokens mainly because of yields without any use tied to it.
LEO, SPS are finance related community and gaming tokens LeoFinance, Splinterlands respectively. These are tokens with use cases backed by community.
When looking for sustainable cryptocurrency to hold on to for long duration of time, it is better to consider its use cases.
If you have had your bank account closed due to one reason or the other by the banks. Cryptocurrency will mean a lot more to you than focusing on the profit to be made from cryptocurrency. The freedom to transact freely, not have one's wallet closed or questioned is another benefit to cryptocurrency.
It is becoming obvious we transitioning into a new form of money, by the looks cryptocurrencies are going to be part of this change in money. We are dealing with currencies just over a decade old (some less than a decade), therefore volatility shouldn't be a deterrent from cryptocurrency at this stage.
Getting in on cryptocurrency with long term perspective tends to win over short term in most case.
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we are used to volatility tho😎
Better we get used to it than scare us away.
!PIZZA
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Please vote for pizza.witness!
People are reluctant to learn something new, it will happen with more taking interest during start of recession happening in many countries around the world.
!BEER
Either way, they will find their way to cryptocurrency willingly or by chance, recession hitting hard a good reason to as people find ways for multiple income.
!PIZZA
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Was excited to see in 2015, start questioning around 2018 how it may be implemented here with a nation where many cannot work an ATM, education is going to playing field for at least next five years.
In meantime keep learning and sharing, who knows perhaps you next profession will be in teaching.
!LUV and have a great evening.
@joanstewart(10/10) gave you LUV.
tools | wallet | discord | community | <><
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Thanks Joan, this is inspiring lol, we never know where the next career profession might sourced from within us.
I surely will love teaching crypto!
A lovely evening to you.
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Haha free advice, all profits will go to you 🙃
Lol I will send some PIZZA
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View or trade
BEER.Hey @joetunex, here is a little bit of
BEERfrom @joanstewart for you. Enjoy it!If you like BEER and want to support us please consider voting @louis.witness on HIVE and on HIVE Engine.
Volatility can't scare us, we're used to it now 😃
Cryptocurrencies may be volatile now, but I don't think that volatility will be in 10 years. Even now cryptos are better than money for me.
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Lol we've passed the stage of cryptocurrency volatility scaring the likes of us.
I do agree with you one volatility reducing over time.
!PIZZA
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If you are still getting scared of volatility in crypto that people need to be orientated because it is inevitable
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Crypto awareness is required in this space to have people enlightened, there a lot more to crypto people need to explore.
!PIZZA
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I think crypto can offer a lot of new things to people's lives but the off-ramps are lacking. We are still in a fiat based system and its kind of tedious to get fiat.
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Crypto off ramp without going through the banks will be the biggest of achievement if we can get that. Exclude the banks and its game over.
!PIZZA
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