Bitcoin: I love you and that's what matters ( My Bitcoin Experience)
Bitcoin!!! This currency started ringing bells in ears in 2017 when there was a boom in the market. I didn’t have enough funds to buy into such a currency which was in thousands of dollars, in fact, I did not have any money to buy the smallest satoshi but I wanted to be a part of a change and I never wanted to miss out of an innovation which could change lives in the future. I wasn’t first intrigued by the coin, I was first concerned about the blockchain as it was the major thing that caught my attention. The fact that it was immutable gave me a reason to trust and admire the technology then I started growing interest in Bitcoin.
2017 and Faucet
I started finding ways to gather Bitcoin since I couldn’t afford to buy any fraction, I needed to get it for free. I was able to find so many Bitcoin Faucet and other Bitcoin related games where I could gather a very little amount of satoshi. I did this for about a year not worried about the time it consumed and the amount I made, I was just determined to make something out of it. At the end of the year 2017, I was able to make about $5. You might wonder why such a small amount? Well, faucets were only paying very little and as the time I was going to move it to a blockchain wallet, transaction fee took a large portion of it.
Had to learn about Bitcoin and it Prospect
I then went to Bitcointalk to get more information about Bitcoin and this was where I found out about the Coinmarketcap, exchanges like Poloniex, Binance and many more. I had to learn how to trade Bitcoin for other coins as well as how to trade bitcoin to fiat and vice versa. This was the beginning of my learning process.
Bitcoin Trading
Soon, I started trading Bitcoin margins and I must confess that my first trade was a complete failure. I did the trade not because I wanted to make lots of money but because I wanted to understand how it worked. Sonn I also moved to P2P trading of bitcoin to fiat and vice versa. I was able to make a few profit from this but when the price of BTC dropped, i always experience a downtime in business.
Bitcoin is King
Bitcoin without any doubt has proven to be the king of all cryptocurrency and it is proven that in the next 10 years, it will still hold that title, as most exchange pair other coins and tokens with BTC. Also, there is a high chance of bitcoin reaching mass adoption in 10 years from now following the improvement in technology and the fact that government institutions are already regulating cryptocurrency and it is already getting traction in the business world.
Conclusion
Bitcoin has created a way for me to learn more about the blockchain, make a living while trading it as well as understand the future of finance. Thanks a lot for reading my post, I hope you enjoyed it. Please leave your comment below, I will appreciate your comments.
The Price of Bitcoin (BTC) will be 13910.42 USD on the 31st of Octorber.
Image Credit
Pixabay
I used to love using the faucets, they were just quick ways to make a few pennies, maybe a dollar or so. Very useful for people who were just starting out!
But it can the little pennies can become highly fraustrating when it doesn't seem to increase, it is however helpful for beginners.
Hello @ajewa
At first I also used some taps, but I soon realized that they were useless. It's very little that you earn, however, it gives a good feeling to the moment.
The learning curve is usually slow when it's something new, but I'm sure you have a better basis for understanding all this.
You are right, it builds a strong basis for learning about the system.
You are right, it builds
A strong basis for learning
About the system.
- ajewa
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