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i guys, in order to give you my opinion about crypto currencies and why they will revolutionize everything, I will explain my views based on 3 questions, and after I hope you will have a better understanding about why we all need to use crypto currencies.

Not just because it’s cool or we can all get rich (although we probably can), but because it’s the first time in history when people and not the government are free to use their own currencies as medium of exchange.

So, without further ado, let’s give it a try.

Why, what and when crypto?

Why should one use crypto currencies? What is a crypto currency? Why did the crypto market explode in 2017?

Why is it so important to invest in cryptocurrencies and what is the difference between a cryptocurrency and a normal fiat currency? Is it a good time to buy now?

Well, let’s have a look at the Wikipedia definition of what defines a currency:

A currency in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.

So a currency is, at its base, a medium of exchange between two or more parties. I want you to remember this because it’s very important to understand what sets crypto apart from every other currency to date.

For a better understanding, I will do a quick comparison between three mediums of exchange and what is required if you want to transfer them to another country: cryptocurrencies, gold and fiat paper money.

Fiat paper money

Sending fiat cross-border payments

Let’s assume that you want to send money to your good old friend from Zimbabwe. How can you achieve this? Well, you can go to your bank and make the transfer from there, but this will not be cost efficient. Another way is through services like Western Union, but these also take time and a hefty amount of your money as a commission. So if you have to transfer $100 thousand, they will easily take $10 thousand just for playing the middleman.

As you can see in the above picture, your money will need to go through a lot of checkpoints until they reach the end destination. Even more, you don’t really know what is happening behind the scenes. But what is money besides numbers on a screen?

Is your friend really receiving your native fiat money, or his Zimbabwe dollar? How is this conversion made? Do you feel your funds are safe during this transaction? Can you really say that you control your own money in this process? These are the type of questions that one needs to ask when trying to understand why crypto is far superior to any form of conventional money.

These days, various money transfer services provide the illusion of instantaneous money transfers,when in fact the funds being sent have not been physically received.

Gold

‘transferring’ gold

This pretty much sums up how you can transfer gold from one country to another. That’s if you are lucky and the police doesn’t catch you trying to smuggle precious metals across the border.

As you can see, transferring gold is pretty hard and can be quite risky when dealing with big quantities. Especially with our good old friend the government which is really preoccupied about our well-being and is afraid we might drop some gold on our foot and hurt ourselves.

With that being said, owning gold is pretty good and will definitely be worth it. If something were to happen to the banking industry and people would start realizing that their fiat money isn’t worth anything anymore, gold would become the main and most valuable means of exchange.

On the other hand, with precious metals and bitcoin, there’s a good chance you’ll end up well whatever the tides.

Cryptocurrencies

A representation of how people exchange Bitcoin

Believe it or not, but it’s as simple as this picture discloses. You can transfer money from your phone or your desktop, you can transfer money from one country to another in a matter of seconds . All you need are cryptos such as Bitcoin Cash or Litecoin, with transfer fees under $1.

You don’t need anyone’s permission, unlike the cases of bank transfers. You are free to transfer at any given time and whatever amount you wish for. In the crypto world, no one needs to give you permission for anything. You are your own bank.

These reasons should suffice to make you want to say “Where can I buy crypto from?” and “I want it now.” In my opinion, the best thing about this revolutionary technology is that you can literally store $1 billion in your brain. All you need are: a wallet, a password, and your private keys. Then you can have billions of dollars and no one would know you have them, no one can tax it or steal it from you ,and for the first time in history, you can manage your own wealth without anyone interfering in your affairs.

It is pretty obvious which one of these is the best option when thinking about your wealth, property safety, as well as securely storing your assets.

There are so many things I could write about and it would probably take me days, but I want to give you just a quick understanding about why you should start switching to cryptocurrencies instead of keeping your inflated paper money in the bank, without any real purpose besides just the fear of losing your money and the illusion that your money are 100% safe in the bank.

Lately, I’ve been haunted by the idea of a banking crash, just like the one in 2008, which by the way is considered by “experts” to be one of the worst financial crashes since the Great Depression in 1930. However, this was a lot worse.

What happened exactly and what caused it?

Well the answer is that you don’t even need to know the answer to this question. You can understand how big the problem is just by knowing what their solution to the issue was. Can you guess what that was? No, it’s not something super hard to understand or something that you can only understand if you’ve read books about the financial sector.

The solution, was to just bail out the banks and print more money. Great! More inflation. As if that will solve anything.

So it’s pretty obvious what is about to happen in due time. You can only print so much without hitting another wall, so if you are reading this, please give some thoughts to these questions.

If tomorrow, the paper fiat in your pocket or debit card or whatever, becomes worthless. Will you be able to survive? Will you be able to provide for your family? Do you produce your own food? Will this be a Walking Dead type of situation?

How will you manage this whole crisis, or will you expect the good old government to help you out this time also?