Been new to the world of crypto, its been a sweet ride and also a confusing one and the question I ask myself each morning when I check my portfolio is why go into crypto, now am not that big of an investor to begin with but I believe anybody that has even 0.1 of a coin or product is an investor and he/she might not be a believer of that product but at the end they were willing to try it.
Change is coming so we were told, a world when a banking system won’t be needed anymore, transaction could be done quick and easy, no third party and at the comfort of our home.
Ever been to the bank to pay in a thousand naira? Approximately $3.5 for a product or ever queued up alongside many other individuals just to withdraw same one thousand probably for transportation.
Yea both cases can really be annoying and somewhat frustrating and the worst part is that a whole lot of time is taken from you, time probably would have been able to spent somewhere else productive now you stuck in a queue that’s personally not worth your time but then you need it.
The question I have is how many people truly believe that a change is coming or How many person won’t change to fiat the moment their invested coin starts booming, must times we find out that those same persons who advice us to gon into crypto are usually the ones to sell first the moment their invested coin starts booming.
Is it that the change we are talking about is solely on profit taking, that’s we only here for the short run and little or nobody believe in the ideal that someday crypto would change the world.
What do you think will happen if Mr. A starts paying Mr. B for services rendered in cryptocurrency without thinking of changing to fiat first.
You just pay for the services directly with crypto and it is fully acknowledge, now Mr. B wont exchange his, but rather use that same crypto or change to the desired coin to pay for another service
Now the main attribute of money is that it is widely accepted and goes around, that’s from A-Z and then back to A once more, this same can be applied in the crypto world, and much improvement will be made.
A world were transactions are done within seconds, no need for confirmation from any third party, transactions can be made 24/7 at no limit, all funds can be moved from one coin to another using exchange and a secure and safe wallet can be built to hold all coins in one particular place, providing a fast and easy way to access your assets without having to write each password separately.
A world when a direct amount can be paid to its decimal point and no need for change or any form of inconveniences, this most times affect traders a lot be it retail or wholesale, most times you find yourself stranded unable to pay the customer his/her change completely and hence losing them at the end of the day due to the fact that nobody is ready to leave or give the other person more than the bargained amount.
Is this just my imagination? Or the future is not so distance away and truly if such a world can be achieved.
At the end of the day, the change we are all looking for begins with you and me.
Would you rather hodl and wait till a mainstream adoption begins or sell when a profit is achieved?