My Bitcoin Story

[Thetamind]

I missed the early days of bitcoin, where people got rich from a tiny investment, when bitcoin's price rose from mere cents to 1100USD. However it did get my attention, and a couple of years ago, I looked into potentially investing in bitcoin, however, seeing its up's and down's and the potential to fail, even being called an experiment... I was a little afraid to invest. The price at that time, was 400USD for a bitcoin. I couldn't begin to grasp how it could be worth so much without any physical attributes to it. I saw it more like monopoly money, fake, money that doesn't actually exist. So my initial reaction back then, was to skip investing and watch all the other fools pour their money into something that could steal all their money.

Here we are in 2017, and it turns out that I was the fool after all. During those two years, I push bitcoin from my mind, and carried on living my life, working for money, not paying any attention at all to bitcoin. In the meantime, bitcoin rose from 400USD to 1000USD, and this time it has not done so merely because people were buying it as an experiment forcing the value up. Instead, while it has it's volatility, it has fought against all odds. Every time someone has declared bitcoin dead, or failed or doomed, bitcoin has risen back up and proven its resilience as a currency and a worthy investment.

So I saw there at my computer in awe that after all these obstacles it has faced, it's still standing, and is rising more and more every day, getting ready to break it's old record caused by hype back in 2012. So I had to figure out how do I get invest in bitcoin, how do I get a piece of this pie that seems to continue enlarging despite all odds and obstacles? So this led me down a path of research, for many hours a day, reading article after article, watching video after video. Getting informed on the whys and hows, and the whens and the wheres and the whats. Bitcoin was much deeper than I ever thought possible. The magnitude of it was a shocker, because I had thought it was a simple digital currency like people would buy in an arcade to play games with. I found this not to be the case.

What did I discover? I discovered how bitcoin was being used, and by who. China. I found out that China is the biggest player in bitcoin. Why? Because the Chinese government likes to control how it's citizens can spend money, using communism, making it so the citizens have trouble owning land or anything of value. Which is why the Chinese often come to North America to buy houses as an asset they couldn't have in China. Enter Bitcoin. Bitcoin suddenly enables the Chinese to move their money into it, giving them a platform in which to not only store money, but in ways to invest their money. Suddenly having to buy properties in North America isn't the best or only option they can get their money out of China. They can invest it in Bitcoin and watch it grow, all while staying right at home. So Bitcoin provided a major opportunities for the Chinese to take control of their finances, beyond the government controlled Yuan.

What else did I discover? I discovered that there are several other countries having problems with the economy and the devaluation of their currency, such as Venezuela and Nigeria, among Brexit, and the uncertainty of Donald Jackass Trump. Due to these problems, bitcoin offered a stable platform for them to invest their money into which removed them from the effects of the economy, safeguarding their money as a result. Allow them to use Bitcoin to buy goods and serviices needed without ever having to resort to using their own currency anymore. So Bitcoin was literally taking the economy out of the economy, providing calm waters and a breathe of fresh air.

After researching all of that, bitcoin made a lot more sense. When I looked further into the big picture, I could very well see that this world is evolving, and technology is becoming the new way of life. We have Uber instead of taxis, Facebook instead of phone books, Netflix instead of blockbuster, and soon, bitcoin instead of cash. The trend is very clear, and it's unwavering. The future is coming toward us very quickly, and things like 3D printing are taking over construction and so on and so forth. When you really look at the bigger picture, you can see where the world is going, and crypto-currencies are certainly going to be at the forefront of how we deal with money. Further still, bitcoin literally eliminates the need for banks. How cool is that? That has major benefits for many around the world, who often cannot afford banking services.

All those hours of research led me to the bottom line, crypto-currencies are worth learning about, they're worth understanding, and they're worth investing in because they have multiple purposes and uses that is only going to gain in popularity as the world evolves into it. As a result of all of that, I decided to invest in bitcoin, because from what I can tell, from all that I've learned, bitcoin is only just beginning. So if it's just beginning at 1000USD, then the future is looking very promising, so investment now, would be wise and rewarding.