BITCOIN : AN INDEPENDENT COIN
A decentralized currency that government cannot manipulate A type of currency that requires no middle man. An invention that came with a lot of positive benefits is what bitcoin is.
Bitcoin is an independent currency that cannot be manipulated and has helped a lot be independent of financial struggles. The more reason I had to name this post bitcoin is an independent coin.
The existence of bitcoin has been nothing but a positive influence on individuals and countries. This brings me to share my thoughts on what bitcoin is.
Bitcoin is a cryptocurrency that was created in 2009. A virtual currency is stored in a digital wallet and can not be controlled by the government. The fact that it can not be controlled by the government gave people more reason to see it as something to invest in.
Bitcoin was created for transactions over the Internet, is intended to provide another form of payment system that is free of control.
WHEN I FOUND OUT ABOUT BITCOIN
I'm not the type to venture into cryptocurrency like that because the fear of losing all one day won't allow me to give it a thought. But bitcoin keeps surfacing with positive news and creating more opportunities for individuals and countries and so I decided to take my time and look into it just to be sure what it is all about and if could venture it. I found out about Bitcoin around 2017 and then it has been a little expensive for me to venture into. I could not risk it and so I decided to let go, I guess that is how I missed out on that opportunity.
WHY IS BITCOIN SO EXPENSIVE
The availability of bitcoin in total is just a 21million and the positive influence has been so much that made a lot want to venture into it and because of this more demand rises to make it an expensive coin.
HOW BITCOIN CHANGED THE LIFE OF PEOPLE
With the advantage of being an independent coin that cannot be controlled. It gave a lot of people an opportunity to invest and with the benefit, it came with it also gave them a reason to earn. Though I'm not an investor but judging from the stories heard it helped investors. Bitcoin has helped a lot achieve their dreams and gave more reason to see cryptocurrency as the future.
WHY IS BITCOIN FAMOUS
The use without a third party and a fast transaction helped make bitcoin so famous. The number of users grows every day which also contributes to the reason for making it a famous coin. one other reason Bitcoin is famous is the value it holds in the market. A bitcoin is worth 66,346.90 which is a very huge amount this alone makes it a famous coin. This takes me back to @steemmillionaire post titled Bitcoin Etf that he spoke about bitcoin being the first crypto-based ETF
Bitcoin made it now to the mainstream with the first crypto-based ETF. And of course, it made it in style: one billion $ in volumes in the very first day!
another reason to be famous. Photo source
Bitcoin is an independent coin that controls its market without being manipulated. A coin that gave so many individuals reason to be independent and get to earn depending on themselves. Bitcoin is independent. THANK YOU FOR READING AND VISITING
