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What is the best explanation why you like Bitcoin/Crypto?

All Cryptocurrencies

by COINS NEWS 92 Views

I don't know about the rest of you, but I often get asked why am I into crypto.

It is a tough one. Obviously we don't say what we say here that we are in crypto for the tech or the gains. We need to articulate it a bit better for a real face to face person genuinely interested in why by asking us this question.

Here is my usual response in the most lamens terms possible:

The reason why is what money means to me. For example, if we both start a business together and create a printer that makes money, what would the police or government call it? <waiting for answer... > Yes, counterfeiting. Did you know that governments and central banks can make money out of thin air and never get arrested? Basically, they put more money out there if they need it. Is this fair?

This is why I am into Bitcoin. Because Bitcoin money is not made from one central bank or government. Many people on a network of computers make this money for us to use person to person which we can own without the banks taking it away. This is why I like it and the crypto market is an extension of this.

This is also why Bitcoin's price is so high. Many around the world see it as a hedge or buffer against the system. But because it is new, it is also random. Price can go up or down quickly, but it has been going only up from a few cents in 2009 to over 20k today.

This is why I like Bitcoin/ Crypto.

Do you guys give a similar explanation?

submitted by /u/ShotCryptographer523
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