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Crypto purpose

1.gif.214558b223cd0ae291c916b0e21c3c8b asked

For a long time I did not understand what cryptocurrency is needed for. Is there any practical purpose of this thing?

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5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

I'm surprised to find someone in 2022 who doesn't know what cryptocurrency is and how it works. Man, there's so much information about it on the internet. Start mastering it and you can become a successful trader or miner and have a profitable and stable income. Catch this site https://changelly.com/blog/dogecoin-doge-mining-explained/. Read about dogecoin, as all indications are that this cryptocurrency is gaining a lot of popularity. Study it and you will be successful.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

The text of the White House-backed Infrastructure Investment and Jobs Act shows that crypto cannot hide and the government wants technologies that will normalize crypto:

"The stick here is deployed against one of the least physically-grounded technology industries: crypto. Buried in the bill is a provision that would require the reporting of cryptocurrency transactions to the I.R.S. — an expansion of the current tax law that could raise around $28 billion. This sounds…modest?

"The industry is fighting this, calling it a job killer, but it looks like it just puts crypto in the same category as many other financial assets. Maybe it’s just me, but if tax avoidance is central to a relatively developed industry’s growth plan, it doesn’t sound like a winning political argument." 

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Cryptocurrency is a good way to invest in the future. The key advantage of cryptocurrencies is their high profitability compared to other instruments. For example, bitcoin five years ago was worth $ 314, three years ago - under $ 19 thousand, and now - 13 thousand. Plus, the lack of the government's ability to influence this market and track crypto-related payments. So I prefer to follow blockfi rates here

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1d6e89e2ba27fe3ffbb0156937592f65 answered

I believe the diffrence is that there is not a government or a world bank behind the reserves, correct me if I'm wrong there, I have a couple of bitcoins that I earned through online casinos, check their page called TheLadyCrypto to know more. They are great because you don't have to be worried about the bank loosing your money or other stuff like that!  

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

I don't know why someone can use cryptocurrency. I personally play in a crypto casino using bitcoin.

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