Before I start I want to remind you that, all over the world there is a major problem all countries are facing.
It is known as RECESSION – In simple word, recession is that period where money loses value, and the money in itself is hard to come by. Now there is one thing that is common to all the failing economies which is “MONEY”.
It is therefore safe to say that the money system has failed & if it is re-occurring it means it is time for a Technological Solution – Cryptocurrency (Bitcoin).
What is a Crypto-Currency?
A Crypto-currency is a virtual online financial “coin” that cannot be touched or felt or taken or given physically from one person to another, but it can be transferred online from one person to another through an online wallet. It can also be used to pay for goods and services, either online or offline. Crypto-Currencies are not regulated by the government and their acceptance does not necessarily depend on location, but on the global market value they possess. Hence, anyone in the world can have them and use them to transact business, as long as they can afford them.
When a new Crypto-Currency is launched, it will take some time to fully develop and gain attention, in order to attract many investors around the world and become a major stakeholder in the global market.
When a crypto-currency is newly released, it’s value will be very low and exchange rate may even be in cents (less than one dollar); but as more people, businesses and financial institutions begin to recognize and use it, the value and exchange rate of such crypto-currency will gradually increase.
All over the world, wise people often target any newly released crypto-currency and quickly key into it by investing in it. They usually buy as many coins as possible and preserve them till the value becomes very high and attractive, before they start selling the coins or using them to pay for goods and services.
A QUICK LOOK AT BITCOIN
It was launched in Jan. 3, 2009 by Satoshi Nakamoto; it went through a lot of stages and processes, but from 2009 – 2012, Bitcoin kept appreciating in price and many people did not realize it. In fact in May 18, 2010, Laszlo Hanyecz became the first person to spend Bitcoins in a “real” financial transaction. He offered 10,000 Bitcoins for anyone who would order him a pizza. Someone did. The transaction valued each Bitcoin at around $0.0025 at that time. Today, those 10,000 BTC would be valued around $8 million. Can you imagine that? Still in 2010, a website was created for people to receive free Bitcoins a day just by logging in. The site gave out 5 Bitcoins for free every day. Right now, those 5 Bitcoins would be valued at $4,000.
Between 2012 – 2018, the value of Bitcoin has been rising gradually.
As at June 2017, 1 Bitcoin was already valued at $2500 and now August, 2017 Is $4000 plus. But when it was launched some years ago, it was below $1.
Now, just imagine someone who bought some Bitcoins then, let’s say at the rate of $0.004 and he/she bought 50 Bitcoins then; today, such a person would be richer by $4000 x 50 = $200,000
Think about it; how can a 0.004$ investment produce 125,000$? This is possible through crypto-currencies, Amazing right?
Now, many people cannot afford to buy one full Bitcoin anymore; so they may only buy Satoshis (small bits of Bitcoin -e.g 0.00322 BTC).
So what should you do now? What’s the way forward?
Looking at the above scenario, it’s really obvious that all those who invest in Crypto-Currencies will certainly become Millionaires; it is also a clear fact that Crypto-Currencies are the keys to the future. Anyone who has not recognized the opportunities and profits available in the crypto-currency world is just missing a lot and I pray you won’t discover too late what you should have done now in order to become a millionaire.