FIVE things THEY never TOLD YOU about BITCOIN!
Welcome once again Steemians!
Five things they NEVER TOLD you about bitcoin:
Its not a damn bubble!
Any person who has had his money invested at some point he or she is bound to think, "What if the investment does not pay off?". Bitcoin is similar to gold. Yes, like gold has its uses so does bitcoin. Apparently oe of the uses of gold is to woo off your significant other after dropping Ten grand on a necklace. Result should be apparent One week of all-loving.
Bitcoins ability to move through the internet makes it unique and with only a set supply available its value was bound to increase. Think of gold as an asset when it comes to trading, now what if you wanted to send your old Aunt Merida a brick of gold how would you do it? UPS is defenetly not recommended forget about USPS. Gold that you can transfer online! There. Conclusion like gold Bitcoin will always hold value just like any special collector toy or something. Its ot a dam bubble! I repeat! Its not a damn bubble!How come all they want is your Bitcoin?
Ripple for instance, a desperate move from banks to get into crypto business was a means of stealing your Bitcoin. Well you cant call it stealing can you? They came in with a big promise, a promise to make you rich. So people transformed their coins into Ripple and viola they got what they wanted; then people saw ripple going through the roof at $3s a token that's when majority of new crypto investors started converting their Bitcoin into Ripple, giving the ultimate push to $7s. Boom! Ripple crashes dropping about Forty Billion Dollars in value altogether. Every new coin can be bought by transforming Bitcoin I would say. Bitcoin is about to go through the roof so find a way of getting more of it.
- N00b investors are prone to social media and news
How much does it pay to advertise? Four grand? Forty grand? whatever the case there has been many cases where people took advantage of their fame only to tell the world how unstable Bitcoin is and the bubble is about to explode.
So the first thing a noob does to protect his assets : he cashes out. While the other takes full advantage ot the situation by investing more heavily into Bitcoin than ever before. As for the N00b he is left with a bunch of useless coins that he never sells in the hopes of its value going up. R.I.P.
- Bitcoin block reward is expected to drop from Twelve to Six coins in 2020
Yes you read it right, when the block reward drops Bitcoins value would automatically shoot up. Bitcoin is also the most difficult coin to mine and with rewards dropping to half of what they used to be will only add to Bitcoins worth, sooner than you think.
- You cannot buy day to day necessities with Bitcoin
While its true that now there is even a $1.7 million dollar house for sale in Texas and the owner is asking for a Hundred and Seventy Bitcoins. Bitcoin based on SHA-256 will always be the big Papi of cryptocurrency ; Twenty years ago(approx.) there were absolutely no Credit or Debit card now even homeless people in China have them not only that to Save paper Chinese government came up with the idea of QR codes on basic flip-phones, simply scan the code and make your donation.I personally know people getting paid in bitcoin for everything they do and if you wait another year Bitcoin should be accepted almost everywhere, sorry for not being precise but I actually mean everywhere around the globe!
Every field is moving to Computers, your Bitcoin will be worth Ten times more than what it is now. So hold it or let me do it for you and when you want them back simply tell me Three days in advance so I can delete my steemit account.
I think I should mention that I was only joking?
Safest place to buy Bitcoins!
Secure Coinbase account:
https://www.coinbase.com/join/59fe5551bfdb3700ea3a8e81
Want to buy any other coin?
https://www.binance.com/?ref=25679522
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