In 2009 a great invention was made by a man simply known as Satoshi Nakamoto. Although, his true identity and his whereabouts is not known, his project(Bitcoin) is making many rich and changing the financial world as we know it.
It is believed that Nakamoto Satoshi has over 1 Million Bitcoins and hasn't spent any of his bitcoin.
No one knows when he's going to come out of his hiding and flood the market with his massive bitcoin, but until then, BITCOIN is growing rapidly and getting lots of attention.
Just between January 2017 and now, BITCOIN has grown by over 1600%. This is really really crazy. No bank in the world would give you that kind of interest rate.
According to the screenshot above, BITCOIN has grown by over a crazy 16,439,885.7% (16 million percent) between 2009 and now. meaning if only you bought just $1 worth of BITCOIN in 2009, you would have had over 16 million percent increase. Crazy right?
So what is BITCOIN?
Bitcoin is an electronic money that can be used anywhere and transferred to anyone without the need of a bank or 3rd party.
With Bitcoin, there is no need for a bank or a clearing house, with bitcoin you can be your own bank, no freezing of account and no government control over your money.
Where is Bitcoin gotten from?
Bitcoin is gotten through a process called mining. Miners use a special hardware to produce this bitcoin with there computer by solving difficult mathematical problems.
The miners are also rewarded with bitcoin for the problems they solve.
There can only be 21 million BITCOIN and miners are mining them out. Anyone can be a miner, all you need to do is get the necessary hardware requirements. more information here
The future of BITCOIN and other Cryptocurrency
Bitcoin according to some cryptocurrency analyst is still very cheap to buy now at $14,000 per BITCOIN. It has been predicted that bitcoin will hit over $500,000 by 2020 and by then you'll need massive money to get in.
Other cryptocurrencies have seen massive adoption because people believe that there are smaller crytocurrencies today that could also see the great pattern of BITCOIN.
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Everything you need to know about Bitcoin mining
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Because of that belief, people are buying into newer crytocurrencies that has been working on some issues faced by BITCOIN. One of such crytocurrency is STEEM,with no transaction charges and 3 seconds transaction speed, STEEM according to 
HOW TO GET INTO BITCOIN
There are several ways to join the BITCOIN train.
- Buy Bitcoin: You can buy bitcoin with any amount you have, either from individuals or companies that sell BITCOIN. You must not buy one full BITCOIN , you can buy fraction of it with Coinbase, luno or any other exchange available in your country.
- Earn it: You can offer your services and request to be paid in bitcoin. By accepting bitcoin you'll be open to even more donations from the BITCOIN community.
- Exchange some of your Steemit earnings into BITCOIN :
I do this once in a while, I change some SBD and get BITCOIN so as to join the BITCOIN train.
Remember, this is not an investment advice, it's just some known facts about BITCOIN. Do make your own research before jumping into BITCOIN.
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