Achievement 4 by @paulandam Task : Applying Markdowns
It is always interesting tackling these achievements task because you have a lot of knowledge to make your stay here comfortable. Great thanks to @cryptokannon for these well-selected tasks.
A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.source
Over the years many cryptocurrencies have been created. These include bitcoin, etherium, dogecoin, altcoins, steem coin, and many others. The table below highlights the top five valuable cryptocurrencies.
| Cryptocurrency | Market cap | Value |
|---|---|---|
| Bitcoin | $621 billion | $33,159 |
| Etherium | $292.5 billion | $2,518 |
| Tether USDT | $62.3 billion | $1 |
| Binance Coin | $54 billion | $354 |
| Cardano | $49.2 billion | $1.54 |
All Cryptocurrencies started from nowhere, I mean a zero value to where they have grown over the years. This implies if one owned one bitcoin in 2011 where bitcoin was just 1USD at beginning of the year, he or she will have a coin worth around 33,159USD today.
We can say the crypto market over the years has performed far better than a lot of investment opportunities and would be far better keeping a 1USD bitcoin in 2011 than depositing it in the bank. Bitcoin this year hit an all-time high of about 63,000USD before its crises that had to the loss of about 50% of its coins over the years.
Likewise, all other cryptocurrencies have been affected by the bubble massively and people are wondering if this is the end of bitcoin and cryptocurrencies, considering the issues raised over the past few months. A few of these headlines included: what is bitcoin mining and why is it so harmful to the environment; the whole crypto market crushes after Elon Musk tweet; How China came to bitcoin crackdown; the ban on transacting which Cryptos in china; Tesla withdraws accepting bitcoins for transactions. These headlines and a few others hit the crypto market so hard affecting almost all cryptocurrencies to tremble.
However, this is not the first time bitcoin has had a huge bubble and sure bitcoin did not earn during that time so we are confident it will not end today.
"Bitcoin is collapsing. This is great news. When the price hits $ 27,000, I can start shopping again. Much will depend on the global macro environment. Remember that the problem is not gold, silver or bitcoin. The problem is the incompetent in government, the Fed and Wall Street. Remember that gold cost 300 dollars in 2000 ”.
-Robert Kiyosaki.
source
Bitcoin challenges might turn out to be a breakthrough for other less valued ‘green’ currencies since they have a higher advantage of environmental safety issues. The lives of Cardono, Dogecoin, Litecoins, steem coin, and some others do show a lot of potentials and may make great returns in the future.
Cryptocurrencies will not end today as they have shown great potential in influencing the economy and the digital currency market. Considering banks trying to find ways to attain the full potential of the use of digital currencies. We can predict there is a future for digital currencies.
To Sum up, let us consider the steem coin and why one should consider investing in it.
"Steem operates a one-Steem, one-vote model that gives users who have contributed the most to the platform more influence over how contributions are scored.
Steem also provides additional features, such as stolen account recovery, escrow services, a reputation system, and savings accounts.
The blockchain is designed to be fast and efficient, which is needed to support the amount of traffic expected on popular social media platforms. It provides three-second confirmation times and free transactions. Steem has surpassed Bitcoin in the number of transactions and can scale up to support more than 10,000 transactions per second".source
Congratulations!
You have passed Achievement 4 on Applying Markdown. Understanding the basic Markdown skills and the use of some advanced markdown tags on the steemit platform. You can try make good used of text-justify to make your presentation cooler.
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Your content here
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Rating: 2
Pending Verification: No
Please get ready for the next task on understanding the tools used on the steem ecosystems. Achievement 5 -1: Review steemworld.org Links . You expected to explain how to check Reward and explain Author, Curation, and Beneficiary Rewards.
Hi, @paulandam,
Your post has been supported by @nattybongo from the Steem Greeter Team.