The Stories of Bitcoin
Bitcoin has been on the media for a long time but it’s possible to come across a person who is not familiar with it. This crypto currency is autonomous from the traditional banking that people have come to know. Apart from Bitcoin there are other types of digital currencies that you can invest in but the former is the considered to be the best known world over. Bitcoin transactions are very secure because computer networks have to solve very complex mathematical functions so as to verify a transaction and record it, every bitcoin transition that ever took place goes down in record hence fraud is unheard of here.
Changing government policies among other factors in the economy makes people lose out on investments but with Bitcoin that is nothing to worry about as the currency is not subject to any authority. The number of new Bitcoin being mined has gone down as the number of units is limited to just twenty one million , low inflation is not something to worry a Bitcoin investor. Bitcoin has impacted people’s lives differently and some stories will leave you in awe. In its introduction, Bitcoin would have cost you pennies but now the cryptocurrency goes for over six thousand US dollars for one Bitcoin.
One Erik Finman a twelve year old in 2011 invested all of one thousand dollars given to him by his grandmother which two years later would appreciate to one hundred thousand dollars. The young man later dropped out of school to develop his own company that he sold for three hundred Bitcoins. One Norwegian man, Kristoffer Koch was writing a thesis paper and that is how he came to know about Bitcoin, he invested just twenty seven dollars and forgot about it later when he saw Bitcoin trending on the news he remembered his password and checked to see what he had , it was a whooping Eight hundred and eighty six thousand dollars to his name and this info. is contained on our website.
With success stories also comes some loss stories as well. Jered Kenna’s story is one that will have you feeling for the man, he was an early adopter and got hold of his coins when they cost 20 cents but unfortunately hackers would get to his email and get the access to his wallet and disappeared with 800 of the coins and deleting his computer. Laszlo Hanyecz paid a guy to deliver pizza in exchange for ten thousand bitcoins which at the time were worth thirty dollars but today the coins have appreciated to eighty two million US dollars, you have to let that sink in.
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