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Why Do We Need Cryptocurrency?

· 3 min read

As you’ve already learned, cryptocurrency is a massive industry, and everyone can use it in their own way and for their own needs.
The main advantage of cryptocurrency is full and independent control over your own funds.

When you use cryptocurrency correctly, only you have access to your money.

  • Neither banks nor regulators can take away your funds.
  • Transactions cannot be frozen.
  • Accounts cannot be blocked.

You are the sole owner of your funds, independent of government influence.

Banks vs. Cryptocurrency​

Ask yourself: where is it safer to store money?

  • In a bank, where transactions can be blocked, accounts frozen, or funds withdrawn without consent?
  • Or in cryptocurrency, where only you hold the keys and access?

📌 History shows that neither banks nor governments can be fully trusted.

Financial Inclusion​

Cryptocurrency opens countless opportunities, especially in developing countries:

  • 🌍 More than 2 billion people don’t have a bank account.
  • With crypto, all they need is a wallet app on a phone.
  • No ID verification. No bank permission.

➡️ Download a wallet → Create it → Send your first transaction.

Decentralized Finance (DeFi)​

DeFi expands these opportunities further:

  • Borrowing and lending
  • Trading on decentralized exchanges
  • Buying insurance

…all without intermediaries and without central authorities.

Cross-Border Payments​

  • Sending money anywhere in the world takes ~10 minutes.
  • Fees are just a few cents (or at worst a few dollars).
  • Commonly done with Bitcoin or stablecoins.

Recipients can easily swap crypto for local currency through exchangers.

📈 Today, crypto payments are widely used by:

  • Developers and freelancers (fast, reliable, low-fee payments).
  • People in sanctioned countries (often the only way to interact with the global economy).

The Myth of Easy Money​

Many newcomers see crypto only as a way to make money.
⚠️ But there is no such thing as easy money in crypto.

  • Quick, effortless profits do not exist.
  • Most newcomers lose money chasing hype or “magic money buttons.”

I’ve been watching the market since 2016, and the pattern is always the same:
📌 Following media, YouTube, or Telegram “signals” without analysis leads to losses.

The Right Approach​

Yes, there are many ways to earn in crypto, but each requires:

  • Time
  • Knowledge
  • Strategy
  • A minimum budget for entry

It’s crucial to:

  • Choose a personal strategy
  • Study methods gradually
  • Avoid blind trust in influencers or media hype

👉 Following others without doing your own research is the fastest way to lose money.

What’s Next​

In the next post, I’ll explain the two main approaches to earning with cryptocurrency — and which one might be right for you.

Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.