The vast majority of newcomers are not very satisfied with the available means of payment. For them, cryptocurrency is just an investment opportunity like Vulkan casino online gaming. In this regard, the question of the purpose of cryptocurrencies arises only for a few.
How to save money with cryptocurrencies
In the long term, this should change. Currently, the most speculative value must have a real use at some point to remain an asset class to be taken seriously.
Payment with cryptocurrencies
Cryptocurrency-based credit cards are increasingly playing a role in conventional payment transactions. The principle is that the card operates on a daily basis using euros or dollars, but payments are debited from the wallet.
Some crypto initiatives and companies have switched to paying salaries and bills in cryptocurrency. You can also play in Plinko online VulkanBet casino for cryptocurrency without worrying about verification.
Many freelancers, crypto writers, and owners of information portals on the blockchain ask for donations in cryptocurrency, as well as non-profit organizations.
Investing in cryptocurrencies and projects
If a user wants to participate in a certain project, there are several ways open to him. If we are talking exclusively about “payment transactions,” then he buys tokens or earns them through activities in the relevant ecosystem.
However, the acquisition of such stakes can also have an investment basis. This is one of the reasons why tokens are freely traded on many exchanges.
The main way a token gets to the user is through an initial coin offering. This token distribution usually happens at the beginning of a new project.
The consortium programs the tokens and issues them to the public for a set period of time in exchange for fiat or cryptocurrencies and in return, receives funds for further expansion and development.
After the project consolidates and works, token holders have a chance to receive “interest.”
However, in many cases, investors also decide to buy because they speculate on a strong increase in the value of the token in the future.
Earnings on cryptocurrencies
Above all, trading requires in-depth knowledge of the subject. In addition, it takes time and resources to observe prices and be able to react quickly. Once this is achieved, tax aspects and complex accounting will be the last hurdles for the trader.
Miners attach blocks to the continuous blockchain and receive a reward. From the outside, it seems that everything is simple:
● acquired the necessary technology;
● set up the node;
● solved the puzzles;
● earned bitcoin.
But if bitcoin mining first required a computer and then a video card, now it requires significant energy resources. So, it is a question of the cost-benefit ratio.
Participate in community life
The ordinary user also benefits from community participation. Regardless of whether the association is project-based or general – the knowledge of users grows through mutual support.
Interesting communities are centered around numerous blockchain applications, as well as in groups, on forums such as Bitcointalk and Reddit, or at the growing standing desks, conferences, and events.