Today my wife asked me, why will people buy cryptocurrency from you and what will they do with this currencies?
She recently came to know that I have earned some cryptocurrencies and I am going to sell a portion of that currencies.
Actually still now she is confused about getting return from this currencies, because she don't know about the blockchain technology and cryptocurrencies.
Not only my wife, but also a lot of newcomers in blockchain, are facing same type of problems as such type of questions arising on their mind about cryptocurrencies.
They are earning some cryptocurrencies and selling that, but they even don't know why people buy cryptocurrency from them and what does they do with the currencies?
As my wife is very unfamiliar about the technological terms about blockchain and cryptocurrency, and even she don't know about economic terms too, so I go through on different way to answer the questions...
I tried to explain and satisfy her with somereal life examples and comparing cryptocurrency with the stock share of capital market. She understood that easily.
So I think, it also should be shared with the newcomers of leofinance and as well as other cryptoworld. Because by getting the answer with real life example, they may be benefited and their concept may be cleared.
So the new comers, if you have that questions, you can watch this video and get some idea..
"I am an engineer by graduation
a teacher by occupation
& a writer by passion"
I believe, Life is beautiful!