What Crypto Means to Me

in bitcoin •  7 years ago  (edited)

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To say the least, crypto is an opportunity for everyone to change their positions in life. Crypto has already made many millionaires and will continue to deliver to those who have invested or invest in crypto.

Let's begin with background and information on crypto. Crypto originated 2009 with Bitcoin to fix the issue of central control in our currency. Bitcoin was created on a ledger or what is called the blockchain to account for every transaction. The blockchain consists of blocks with encrypted information that link together. The blockchain is a key technology that emerged from Bitcoin and is now the basis for other cryptocurrencies. Blockchain, is a promising tool that will be used for accounting with security and efficiency on many platforms.

As more people become informed about Bitcoin, the blockchain and other cryptocurrencies the more money is invested in the market and the more it grows in worth. Not to mention the continuance in growth as it is utilized by more and more companies implementing the technology.

In 2010 Bitcoin was worth somewhere around $0.08-.39 and later reached an all time high of 20k in Dec of 2017.
Consider the thought of putting away .08 for 7 years and in return getting 20K. Now consider a $1 worth. $1/.08=12.5. 12.5x20k =$250,000. Consider $4 sitting for 7 years and you are now a millionaire.

Currently Bitcoin is ranging in the 8K zone and is speculated to be over 1 million by 2020. if you put away 8k today and bitcoin reached 1 million in 2020. You would be a millionaire in a matter of two years. However, no one knows what heights it will actually reach and I am not a professional.

All I can say is that crypto is the opportunity for a better and richer future.

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