Hello steemians welcome to my blog today, this is my first time of participating on the steem crypto challenge that was initiated by @steemitblog about your love for Bitcoin. Read below to see my view on this challenge.
Basically I've known about BTC for a while. I'd say since 2015 or so. I got to know about it from a friend. But before that, I'd been hearing rumours about crypto currency. And then, later, I had to make my own findings. To know more about it.
I've done transactions that I had to pay with BTC. And I also trade, which means I get to use BTC a lot.
I won't say it has changed my life. But the knowledge of it has widened or expanded my horizons. Because, this is the era of Crypto currency.
I don't invest in Bitcoin. But trading it has been a bumpy ride. There's gains and losses.
Some days are good and some other days are really bad.
Well, BTC was created in 2009 by an anonymous programmer. Since then, it has gained value tremendously. Even reaching an all time high of $19k for 1 BTC. In the near future, BTC will be massive. This is because of the law of demand and supply. There can only be 21 million Bitcoins ever!
As time goes on, the supply will reduce and inadvertently spiking the demand. Hence, increasing the value. So, I'd say BTC has a bright future
Since it's practically the first and largest Crypto currency at the moment.
I'd say, it's likely to remain the dominant crypto currency.
Maybe another coin will prove to be more dominant in the coming years, but so far all efforts to topple BTC as "top dog" has proved futile.
So I believe it'll still be dominant in years to come.
I believe there'll come a time when the knowledge of crypto currency will spread. And by then, there'll be a limited number of Bitcoins. Like what I said earlier. When supply reduces, demand increases. So, it'll be somewhat difficult for BTC to reach the mass population.
Conclusion.
BTC now serve as a new opportunity to many people as an extra work to generate a lot of money. Many people could use it on websites that accept micro transactions since there’s low transaction charged for spending. With this effect, I think in future BTC will be massive.
Since we know more of BTC, educating the people about it will expand BTC the more in future.
I Love Bitcoin
Hello @armstrongdiho, Nice post from you! Your explanation about this topic is quite understandable, Bitcoin will be massive in the nearest future as you have said because it is not like our fiat currency that is regulated by known bodies.
Since bitcoin is a decentralized currency, i think this would be the main reason why it will be massive in the coming years, because being a decentralized currency gives any interested individual the license to trade it. Thank you very much for sharing your experience with us.
#onepercent #nigeria
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