The Bitcoin Evolution (Part 1)
Many Of you Know about Cryptos
When i say Cryptos i mean..
Bitcoins
Ethereum
Litcoins and The likes..
For Those Who dont Know About Bitcoins, put It in a few words.
Bitcoin Is the Future.
Bitcoins are Today and Tomorrow.
I hope You got It , Nah? Still dint get it hmm Here we Go..
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.
Ok now After seeing what Bitcoins Alias Btc is the questions arises.
Why bitcoins?
Bitcoin makes Financial transactions more Open and accessible around the World.
You might be asking yourself How?
Lets look at The scenario Of Trading and Making Payments To people and other bussines before The coming Of bitcoin The Bitcoin network..
Before bitcoin..
You --> Your money at the Bank <-- Intermediaries/Third parties --> Their bank --> Other People and businesses.
After Bitcoin..
You ---> The Bitcoin Network <--- Other people and businesses..
As you can see bitcoin has Opened wide and Eased the Doors for Trading It Todays world.
Refer To picture Below..
Who else Uses bitcoin?
Many Companies are now seeing bitcoin as A Valid source Of payment For there products..
This include..
Amazon
Subway
Dell
Apple
Microsoft
Wordpress
Expedia and the list goes On.
What Is The take for bitcoins..?
Inflation!
Other currencies have been silently robbing you of purchasing power since 90's.
As days Go the value of Currencies the likes of Dollar keeps going down as the price of Goods rises.
Deflation!
Unlike othe currencies like Dollar, Bitcoin has Grown in value since It was Created In 2012 by (Satoshi nakamoto) hence protecting You from federal Reserves since its creation..
Lets Look at the Gap of Bitcoin price for one year Till date..
12 May 2016 = 466$$
12 May 2017 = 11540$
12 May 2018 = 8500$
As you can see Btc value has Appreciated By more than 1000%..
Who still Refuses bitcoin Is the Future Of currency..?
In the next post we Will see The potential which Bitcoin Has should you invest All In or let it go..
Posted from my blog with SteemPress : https://247cryptonews.com/the-bitcoin-evolution-part-1/