People hold cryptocurrencies for a variety of reasons, including the desire to trade and profit, the long-term goal of becoming a millionaire, or the privacy, reduced costs, and transparency.
Other users hold stablecoins such as $EURST in order to maintain financial freedom and price stability, as well as to conduct cross-border payments or digital transactions.
Investors primarily hold tokens such as the $GOVI DAO token, which allows them to vote on issues such as tradable assets, leverage used, deposit amounts, platform fees, and more on the CVI Finance platform.
Overall, I prefer to hold cryptocurrencies over depreciating fiat money, especially after learning that the US dollar has lost 91 percent of its value in the last 70 years.
You can leverage on one asset to get another asset, while having exposure.
And this is very common with several DeFi protocols. Like Aave, where you could borrow other crypto through your collateral, or Oindao; especially for Near holders to mint its branded stablecoin- nUSDO
Some of them do stuff, but most don’t.
Cryptocurrencies cannot deflate forever. All deflationary cryptocurrencies will either stop being deflationary, or completely collapse. By holding them, you’re betting on when. It’s not free money.
One purpose could be to use the token to hold as an asset and use it to borrow other Cryptocurrencies whenever you need without giving possession of ones you are holding.
Other reason could be your trust that the cryptocurrencies you hold can be used as currency (mode of value transfer) someday. In this case it is similar to holding Fiat currencies.
The point is that majority hold crypto to make more money, but I hold over depreciating fiat and to make more money as well, most of all, It’s not so cool holding crypto without earning from it, currently, I’m holding/staking crypto assets like CRO, BTC & FUFU, and I’m staking my FUFU for a 400% APY, this is another way to make more money from holding any crypto asset
There isn’t one.
Earning interest, building dapps, desire for full control over funds, securing colatteral for loans independent of banks…
I prefer providing liquidity with a very sweet APY rather than hodling, currently earning some $NII on all my transactions on Nahmii
Holding crypto rewards you handsomely, people who held Juno and staked got Neta airdrops, if you hold and stake PNT on eidoo wallet you earn rewards and be a DAO member as well, would you rather hold fiat without rewards eh?
One reason is the long term play investment which will gibe long term profits too.. That’s why it is important to be with a crypto platform that has consistency… DeFi projects like Unicred is the best to HODL this year
>Overall, I prefer to hold cryptocurrencies over depreciating fiat money,
especially after learning that the US dollar has lost 91 percent of its
value in the last 70 years.
you just answered your own question