Dear my friends
The world has experienced great changes in almost all lines of people's lives in the world, ranging from lifestyle, transportation to payment methods, all things that change and survive in my opinion are the best, all changes that occur I accept with open arms, I want to be part of the change it.
If we talk about technological advances in the 21st century then we will never be separated from "Cryptocurrency", a major invention in the 21st century and never thought of by anyone in the past 10 centuries, this is the greatest achievement ever discovered by humans.
Cryptocurrency is a type of currency in the 21st century and several countries in the world have accepted it as a legal tender, while the rest still use "Cryptocurrency" as a digital asset and the government has not permitted payment instruments, as is the case in Indonesia, cryptocurrencies can be traded but cannot be used as a means of payment.
a few days ago I had a discussion with (davis) a friend from Johannesburg, he is a true trader and he has gone through important days and today he is in financial freedom with Cryptocurrency, from that discussion he asked my views on " cryptocurrency", I think this is an important question and is closely related to the topic we are going to cover today.
we will start from the screenshot shared by _kardinal on social media Twitter;
screenshot
Your agree if I said apart from gold that cryptocurrency are the best store of value?
try to look carefully at the screenshot above, what do you know about it?
let's take just one example, last year the purchase price of solana was $1.8, imagine you keep all your monthly income in solana, let's say you save $180 means you get 100 solana, and now let's go to coingecko what happened with $180 yours in the last year.
screenshot
if last year $180 you chose to save in the bank, I think your money today is still around $180 and it could be that the amount is reduced due to monthly administration fees, but on the other hand all the $180 money you save in Solana then your money today is 100 sol x $104 = $10400, from this case we can assume that you have managed to get quite a large amount of money in the world of cryptocurrency, and this is what I think that crypto is the best store of value.
is fiat money bad?
personal opinion; I would say that "paper money" is very bad, because paper money will continue to lose value over time, inflation that occurs continuously makes the money in your pocket lose value, and even worse money has a period of time, for example 1950s money, today we can't use it in the market because the time is up, but unlike cryptocurrencies, the price will continue to rise due to scarcity, such as the case of bitcoin which experienced a million percent price increase.
Apart from being a good store of value, Cryptocurrency VS Fiat has a pretty real difference.
Fiat makes a difference in the world, let's say today you come to my city with $1000, when you arrive in my city you exchange your dollars into my country's currency it will turn into 14 million idr (14k exchange rate), with that amount you can buy some items you want while the amount of $ 1000 is not so much in your country.
but on the other hand with cryptocurrencies, if 1 BTC in the USA, then in Indonesia also 1 BTC, meaning that we do not need to exchange to other currencies that create differences in economic levels in the world, (I will review this case at a later time).
because of very strict country rules, we who live in developing countries are very difficult to make decisions, and honestly if I could make a choice of course I would choose crypto as a means of payment, many positive things have happened in the cryptocurrency world, one of which is crypto has proven that the best store of value of all time.
even though crypto can't be used as a means of payment it doesn't mean you have to keep your money in the bank, that's a big mistake, don't do it, keep all your money in crypto and rest assured your wealth will continue to increase over time.
Cryptocurrencies are digital assets designed to work as a medium of exchange using strong cryptography to secure financial transactions, control the process of creating additional units, and verifying asset transfers. The most famous crypto currency is bitcoin, besides bitcoin there are thousands of other cryptocurrencies, including ethereum, litecoin, ripple, stellar, dogecoin, cardano, tether, monero, tron, etc. Cryptocurrencies use decentralized control as opposed to centralized fiat and central banking systems. The decentralized control of individual cryptocurrencies works through a distributed ledger technology, usually a block chain, which serves as a database of public financial transactions.[2] Bitcoin, first released as open source software in 2009, is generally considered the first decentralized digital currency.[3] Since the release of bitcoin, more than 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.Wikipedia
if you want to be the best from time to time then be a part of cryptocurrency, the world will experience change after change, Malaysia is one of the Southeast Asian countries that is rumored to be making crypto as a means of payment, maybe after them there will be some other countries will implement this same thing, hope it's Indonesia.
there will come a time when we say goodbye physical money.
thank you very much for visiting my blog that's a little review about "physical money or crypto", hopefully the writing can be accepted in the Hive-Learners contest, see you in the next post.