Nobody could have predicted the success that lay in wait for Bitcoin when it was first created in 2009. For one, no one even knows the true identity of its creator. Satoshi Nakamoto, the name behind the origin of Bitcoin alongside the blockchain system, is a pseudonym, and in its early days, Bitcoin was as mysterious as its creator. Now, however, cryptocurrency is everywhere and is utilized by around 560 million people worldwide. Bitcoin itself has an estimated value of $96, 681.
One of the leading reasons for cryptocurrency’s success is the community that surrounds it. Crypto would not be what it is today if it were not for the passionate, like-minded people who regularly rally in support of it.
From crowdfunding to gaming, cryptocurrency brings people together, and it is amazing to see what success such support has brought to cryptocurrency since it was first created.
Where are Crypto Communities?
It is hard to isolate crypto from the community that supports it, as the two are so intertwined. It seems being a supporter of cryptocurrency also involves supporting others in their investments and projects. People are always on the lookout for new and exciting currencies and are willing to share their passion with others. One does not have to look far to discover sites that list and rank different forms of cryptocurrencies, such as this list of fresh Binance token listings this week. Carlos De Lanuza highlights promising cryptocurrencies that have only recently been listed on Binance. Once a coin is listed on an exchange like Binance, it can shoot up in value significantly, so it’s important to invest in these coins early.
Cryptocurrency has also integrated itself extremely well into the realm of crowdfunding, which is another example of how effectively the community rallies together in support of things they believe in. Humans are social creatures by nature, and we love to talk with others about our interests, which is why crypto works so well on these kinds of platforms. Not only are people able to express their passion about an upcoming project, but they also know that they are part of something bigger, that being the crypto movement.
Another hotspot for the cryptocurrency community rests within the realm of social media. Celebrity endorsement and community enthusiasm can see new cryptocurrencies sore in value upon release. Social media is the easiest way to get our voices heard by a wider audience, and so is the perfect environment for discussions surrounding cryptocurrency.
Why are Crypto Communities Important?
Cryptocurrency is still relatively new, and although it is well on its way to becoming mainstream, it still has quite a long way to go. What this means is that new users are often coming in blind to how crypto works and how it can be effectively utilized. Therefore, this is one of the primary reasons the crypto community is so important.
It provides a space where like-minded individuals can share their experiences and advice and support one another no matter how new or seasoned a crypto user they are. Related to this, the crypto community is also an excellent asset to companies that incorporate crypto due to the transparency they bring to the table. Community members can encourage and reassure others on the safety and security of a particular aspect or transaction made with crypto, which in turn contributes to the additional security benefits that crypto itself incorporates.
Additionally, crypto communities can bring a new perspective to companies and products that might have otherwise gone unnoticed. When crypto communities rally in support of a project, they also often bring feedback and loyalty that shows they actively wish to see the project flourish. Often, these communities are filled with innovative people who are passionate about change and technological advancement, making them a natural asset to any forward-thinking project or business.
Characteristics of Crypto Communities and the Benefits of Joining Them
Communication
Crypto communities wouldn’t be as effective as they are if it weren’t for the passion they incorporate into their discussions. These communities regularly share insights, tips, and their own experiences, so joining a crypto community is a great way to learn more about crypto no matter what stage in their crypto journey an individual is at.
Inclusion
One of the greatest strengths of cryptocurrency itself is that it is a global currency. As such it fosters communities from all kinds of diverse people from all over the world. By joining a crypto community an individual will be joining a supportive environment that thrives on looking at things from different perspectives.
Support
The world of cryptocurrency can be difficult to navigate, especially for newcomers. One of the greatest strengths, therefore, of the crypto community is how dedicated and willing they are to help one another. These communities provide advice on all things crypto, from staying up to date with what coins are likely to do well, and how to avoid scams.
Conclusion
As explored, cryptocurrency would not be anywhere near as successful as it is were it not for the community that surrounds it. These passionate individuals are making active contributions to bringing crypto to mainstream society, and when it inevitably does, it will be these communities that we will have to thank.
Anyone interested in crypto should absolutely integrate themselves into these communities, as there is no better place to share their passion and hear advice on all things in the world of crypto.
