Cryptocurrency:

This word was a brand-new word to me even two years ago. Two years ago, I didn't know anything about cryptocurrency, which means I had absolutely no idea even about ABC of crypto. But I have learned something by reading about this currency. In a real sense, this is a subject that can be learned by studying a lot. Yet, I will try to describe some of these things here today.

Cryptocurrency means digital currency i.e. the currency of a digital version without any kind of central security system is cryptocurrency. However, blockchain technology is used to secure this currency. Because usually if someone brings a currency (digital currency) then people will not accept it because everyone will want to see what’s the security system is. Everyone wants to be sure if anyone can print this currency at will or do any kind of mismanagement with it or how secure it is. People must doubts about the security of the digital currency. So, when cryptocurrencies come on the market, it comes through blockchain technology to explain its security to customers. And everyone has a pretty good idea about blockchain technology because it's the fact that small blocks are arranged one after the other to create data lasers that make it impossible for hackers to hack here easily. So, with the help of blockchain technology, cryptocurrency comes to the market with security system.

Why crypto is good?

The thing about cryptocurrency that I find most interesting is that transactions are much easier. And the security of the account is huge. This means that transactions can be done here without any fee. As well as anywhere we can use it no matter where in the world.

Source: Image by Alexas_Fotos from Pixabay

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That means if I have a mobile phone, computer or laptop with me, it means my wallet will stay with me. I can easily use it from any part of the world. But other conventional currencies no longer move from one country to another. Is to be exchanged. There is a problem with the exchange fee. So for security and easy transaction it is very dear to a lot of people.

How do I use crypto?

I haven't read much about commerce or business administration. But as a science student, I have read as much as I can understand. So, there is no subtle idea about business transactions. I see many people trading, forexing and so on. That is, he buys when the price goes down and sells when the price goes up. In this case, they take loans from many sites using the methods of spot, forward, future, swap etc.

But in my case the use is limited to meeting only the daily needs. This means that all the currencies I earn through my blogging are usually cashed in to buy the necessary products on a daily basis. In this case, I do this through local traders.

When I found out about crypto?

The first currency I was introduced to was Steem. As I said before, two years ago I had no idea about this. I found Steemit by watching a tutorial on YouTube in February 2019. Later, I slowly started learning and working through blogs. As a result, my ideas about cryptocurrency began to form.

Source: Image by Alexas_Fotos from Pixabay

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But I did not know how to trade. Just a few months ago I sold the steem of my account thinking that the price would go down due to hard fork. But I was wrong. After getting acquainted with Steem, Steem Dollar, I became acquainted with some other currencies.

Where do I like to trade?

The first exchange or trading platform I was introduced to was the Steem Engine. Everything I learned and understood about trading in the beginning is from the steam engine (SE). I used to try to understand the trade by buying and selling different types of steam engine tokens. Later, when I came to understand the trading issue, the other exchange trading platforms I used were Polonix, Bibox, Hive Engine. I have worked in all these three exchanges. I have no experience working on any other exchange. But after the steem engine, I used Polonics more to trade my steams in different ways.

Source: Image by Lorenzo Cafaro from Pixabay

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How Crypto Influences Lifestyle

I have talked about this in many of my previous posts and videos. In fact, this issue is so widespread that ten to fifteen posts can be given about it. However, I will briefly try to highlight some of the issues here. In fact, it brings about a massive change in lifestyle. I was looking for a way to earn some part time and passive income in addition to my job. That's when I found this currency through the steem. So later on, when I started trading it, I was able to change the quality of my life by buying some of my daily necessities. I have been able to bring joy to the family by giving them various gift items. As my current mobile phone contributes to me by this currency. There are also contributions in many other fields. There is a brief list like improving personal traits through blogging, lifestyle gadget buying, passive income, learning a lot of things, I have been able to improve on by working in this currency and blockchain.

How to use crypto in business

In fact, the matter is much broader. There are a lot of ideas that often come to my mind which I will write later in my post. Here are just a few ideas. Many cryptocurrencies have agreements or relationships with many of the world's largest businesses and online shops. This means that many businesses accept cryptocurrency when selling their products. We can shop from all those places without any extra fee.

Since I am in Bangladesh, I will talk about how to integrate it with business in the context of Bangladesh. We have a very large community of Bangladesh Steem. Many in this community are somehow familiar or involved with many marketplaces. Someone's brother, someone's uncle, someone's cousin or someone's close relative works in all these marketplaces. And the system of marketplaces that runs is that if a seller has a product, he can sell the product himself through any payment acceptance marketplace like Alibaba and Amazon.

Source: Image by Werner Heiber from Pixabay

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For example, if someone has a product such as a waist belt, it is a means of communicating directly with the customer that they can sell it. In this case, it is up to him to decide the price of his product. So, at the beginning those who have community members can use them through people they know and by purchasing the products they need or using any other crypto.

In this way, when the currency becomes popular, everyone will deal with the big marketplaces because this currency can be carried anywhere and used without any fee. So, in the future, business-oriented thinking may be based on this currency.

Recently, Indian Prime Minister Narendra Modi spoke about the blockchain. There he talked about the benefits of blockchain and how people across the country can benefit from it. So, the time is not far away when these will be added everywhere and will start to be accepted in many marketplaces. And buyers and sellers can easily do their business without any additional fees.

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Finally, I would like to thank @steemitblog for choosing such an impossibly beautiful topic for the contest. Many thanks to everyone for taking so long to read my post.

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Who I am:

I am lecturer of Textile Engineering here in Bangladesh. I love to share my thoughts and ideas to my friends and community. I want to express my ideas and learnings to this community so that anyone can be benefited from me. I blog in YouTube, DTube and steemit on Textile, Online Money making and Random topics. I love to capture Natural Photography. I am always a learner and wants to go to the moon with this great community.

Upvote, Resteem and Follow me on steemit @engrsayful

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