The Rise of Crypto
It all started with Bitcoin in 2009. The creator, Satoshi Nakamoto (a possible real person, myth or group of people) introduced the first decentralized cryptocurrency. Satoshi meant to only have 21 million coin mined by the year 2140. He limited this for many reasons. One of the reasons is to preserve it’s rarity, the other is the reward half life block starts at 50 bitcoins and then it halves every 210,000 blocks.
But, I won’t bore you with the technicals in this post. Many speculators believe that due to this limited amount of coin, that the price of the coin will keep rising over the years. Prices that experts have predict range from $10,000 to even $1 million per Bitcoin. It was started as a response to the centralized banking and economic systems. Systems like the Federal Reserve. These systems produce “fiat money” or paper money created and controlled by government.
The revolution began as a response to this fiat money. The people did not want to be controlled by governments. An uprising had began. And so, it started. Cryptocurrency slowly grew in popularity over the years. It started creeping up in parts of the dark web at first where criminals were using it for nefarious means. The biggest scandal early on was the “Silk Road” and the eventual takedown of the site. This scandal put Bitcoin in the spotlight in the wrong manner.
However, after this, Bitcoin started to be received by the mainstream and used for more legitimate purposes. Once the masses realized the power of this coin, the followers of the movement grew. Then came the copycats. The copycats wanted to be part of the “blockchain movement” as well. The blockchain, in a nutshell, being the technology which allows this currency to be sent and received. Although it’s a bit more complicated than that. Over the years, Bitcoin had spawned Litecoin, Dogecoin, Ethereum, Monero, & Ripple to name a few of the more popular ones.
Nowadays there are over 800 (and counting) “altcoins” on the market. This signifies the future of cryptocurrency is quite bright. It’s literally a gold rush right now crypto fam! The sheer number of coins to choose from is mind boggling. Don’t fret, Crypto Gawd is here! I will guide you towards the right path over my series of continuous posts. I want you to open your eyes to the opportunities available to you. You don’t want to be kicking yourself for missing out years down the road. My point is to bring your attention to this revolution that is developing right before our eyes.
We all heard about the story about the developer in 2010 who didn’t have any money. So, to pay for his 2 large Papa John pizzas, he used 10,000 Bitcoin to pay. Back then, that many BTC was only worth roughly $25. However, nowadays, that same number of Bitcoins are worth a cool 20 million. That day is now referred to as “Bitcoin Pizza Day” (Google it.) Needless to say, everyone and their mama is going kookoo for crypto.
So, don’t fret, there are many options for you to be part of this new age of money. This new digital currency era is fascinating. It’s something beautiful to behold and benefit from. You can profit from this too my friend. Spot those opportunities. You have to pay attention to all the recent developments. There are many coins worthy of becoming the next Bitcoin. We are just getting started in this exciting altcoin economy.
I personally am acquiring multiple different coins for my altfolio. I believe it’s better to diversify your altfolio, rather than going all in on just one altcoin. Reason I believe this is that some coins are just not gonna make it. Some will be delisted by the exchanges and some are straight up scams. So, be careful, because there is a whole new type of ponzi scam going on with coins that would make Bernie Madoff proud. Especially given the social aspect of crypto coins, there are a lot of scams like “billion coin”, “one coin” and others making their way on the market.
However, there are many gems in the crypto world that you can pick up for pennies or even less that I believe will skyrocket or “moon” as the altcoin crowd calls it. Do your due diligence and make sure you get in before the next big rise. This is the most exciting development in the financial world since the introduction of the stock market in my humble opinion.
So, what are you waiting for? Don’t get left behind. Crypto is still in its infancy. We will see many winners traders, collectors and holders of the almighty crypto coins become millionaires and billionaires. Will you be next? The next Bitcoin is out there. Can you spot it? Don’t worry. We are just scratching the surface of this exciting alt coin world!
If you like my content, don’t forget to follow my social links friends:
Thx for your time friends! Crypto Gawd, Out!