If you don't already know, there is only so much gold we can mine until it is all dug up. Meaning that gold is scarce because gold doesn't grow from the ground. Gold made its way to Earth millions and millions of years ago from space. Our fiat money however, is printed, everyday, probably every hour, maybe even 24/7. Regardless, we print money like crazy because we are 20 trillion dollars in debt.
This is what 15 trillion looks like... now imagine 20 trillion and it's only going up!
People might think, "Oh yeah, just let them keep printing money to pay off our debt!" Sure let's go ahead and do that and make everything increase in price. That means, if you were paying $3.00 for milk, now you're paying $5-$7 for one gallon of milk. This is what inflation causes; prices rise, taxes rise, and our dollar value decreases. People misinterpret inflation and may not know the real reason behind it. It's quite simple, we are printing too much money!
Once countries realize they don't need our money because there's so much of it, guess who is getting all that printed money back? That's right, us! Making everyone into poor Billionaires.
This image is in Zimbabwe where they have billionaires homeless and starving due to their inflation crises.
This is where Bitcoin comes into effect. Bitcoin is like digital gold. What I mean by digital gold is simply the role it plays is like gold. There is only 21 Million Bitcoins ever to be mined. Once the last Bitcoin is mined, there cannot be anymore Bitcoin replicated or mined. That's it, no more. So what does that mean? Sacricity and increase of value. My predictions with Bitcoin is that it will be used to buy houses, yachts, cars, boats, etc.. in the Future. It will be equivalent to Gold, because of its value.
This house was purchased with Bitcoin in Austin Texas 2017. This is only the beginning.
To store your Bitcoins, you do not need an agent, nor an account. All you need is a wallet. There are many wallets out there that you can download on your phone or PC. You are the ONLY person who has access to YOUR money, YOUR Bitcoin. You don't have to worry about paying fees to hold your Bitcoin in these wallets, you don't have to wait 3-7 days for a transaction to go through, not even 5 mintues to be honest. Best part about Bitcoin, is that it is Global. That's right! WORLDWIDE π So if you have a Bitcoin wallet, and you want to send money to your family, say they live in Puerto Rico or Mexico. You can send it and they will receive it instantly. You don't have to go to a western union pay a fee to send YOUR money. You don't have to go to a bank, wait a week for them to receive your money. It literally takes seconds for them to receive it. Seconds!
Jaxx Wallet is available at the App Store along with Adroid. Here is a link of Jaxx Wallet for Apple users: Jaxx Blockchain Wallet by Decentral Inc.
https://itunes.apple.com/us/app/jaxx-blockchain-wallet/id1084514516?mt=8
P.S. I also accept any donations lol
If you'd like to invest in Bitcoin, you can start by investing with Coinbase. Unfortunately, because it is No longer legal in Hawaii, we go to Bitcoin ATM's in the city to purchase ours. If it's legal in your state or country here is a link for you to download on your cellar device.
Coinbase - Buy Bitcoin & more. Secure Wallet. by Coinbase, Inc.
https://itunes.apple.com/us/app/coinbase-buy-bitcoin-more-secure-wallet/id886427730?mt=8
People will believe what they want to believe. People say that Bitcoin is for "bad" people to use in the black market and for drugs. However, isn't that what our currency is used for as well? You think the government is really using it for "The Good of the People". Some of it yes, but a large portion of it is not. Cash is untraceable, yet people fail to realize that when they hear about Bitcoin. The media wants you to believe Bitcoin is bad and Fiat currency is good. What's going to happen when our market crashes, the banks take all your money and you are left with nothing, because of the trust you had for these banks? Of course they're going to tell you it's bad, because they lose business and money!
Sooner or later, this will be the U.S fiat Currency. Shout out to badcryptoPodcast for this post! @teedubya
Bitcoin is much more than a currency. It is powered by blockchain technology, which other big corporations are using because of its trust. It is very hard for your Bitcoin, or anything on the blockchain to get hacked.
Blockchain- "A global network of computers use blockchain technology to jointly manage the date base that records Bitcoin transactions. Bitcoin is managed by its network and not any one central authority. Decentralization means the network operates on a user-to-user (peer-to-peer) basis."
https://blockgeeks.com/guides/what-is-blockchain-technology/
It's never too late to invest, for Bitcoin is still growing and still being mined.
We as human beings, have grown to believe nothing is as good as it seems. However, Bitcoin has been able to prove that it is just as good if not better than it seems! Bitcoin is just the beginning of a new Generation and I cannot wait to see what our future holds.
(Certain images were provided today by google images)
Thanks for reading guys, until next time! Alooooha! π
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thank you for sharing and advice
Thank you for thee coomeent. @sweever
Nice article.... Most people didnt know yet that the global currency has changed.. The world has been running away so fast.
You're absolutely right... fiat money is a big big scam in human history. No value and no one knows how many
Couldn't agree more agree more! Our generation is probably the first to do something about this scam. Thanks for the comment @cloudspyder
It start with us... its funny but how many generation and years before a few of us unite and deter it
this is AWESOME! so well explained. i can't wait to share this with crypto newbies! UPvoted, Resteemed, and Following. If you want to follow me @blackvelvetroses feel free :)
thank you for your awesome feed back ^_^ followed back
A great post! I really enjoyed to read it, Followed and upvoted.
In my articles, I explain the technology behind cryptocurrencies for beginners and why it is superior to the legacy monetary system. Lets spread the word!
Thank you so much! I'm still learning so much to learn, but it's great! Followed back :)
Brilliant article thank you for sharing your views on bitcoin.
Been saying forever. Bitcoin is the new gold standard(or will be)!
Nodes are said to be βminingβ Bitcoin, but the term is something of a misnomer. In fact, each one is competing to win Bitcoins by solving computational puzzles. Bitcoin was the raison dβetre of the blockchain as it was originally conceived. Itβs now recognized to be only the first of many potential applications of the technology.
There are an estimated 700 Bitcoin-like cryptocurrencies (exchangeable value tokens) already available. As well, a range of other potential adaptations of the original blockchain concept are currently active, or in development.
Larry Summers, Former US Secretary of the Treasury
βBitcoin has the same character a fax machine had. A single fax machine is a doorstop. The world where everyone has a fax machine is an immensely valuable thing.β
Larry Summers, Former US Secretary of the Treasury
That's one powerful fax machine π
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Money scam
That is so great. I am very grateful for that! Love it.
Thank you ^_^
Thank you for posting this lovely moment in time for you. Followed...
Thanks @deepweeb ^.^
Great post! Thanks for the information! :))))
why is it illegal in hawaii?