Hello steemians . Today i'm going to talk about some sort of crazy CURRENCY $$.I just look around on steemit and i saw everyone is talking and interested about Bitcoin and Crypto currencies .So i thought it's a good idea to share my views about this crazy stuff. In this section i am going to tell you
We all know about the daily routine currency such as dollar pound and we know how make their use . We just go to market and buy everything we want there and that all it is. All we have is just to pay in dollars paper note and other currency note.Nothing to worry about any thing . But there is some sort of other currencies which is just in numbers which worth more value than any other official or government currency note.
Such currency is not made of gold , platinum, silver or some sort of other precious metal they just exists in number .Yes! You are thinking right. It's cryptocurrency and Bitcoin is actually the type of crypto currency which is most popular these days.There are many other types such are Feather coin,Dodge coin and many more. We will talk about them later .
What the BITCOIN really is !
Bitcoin is an alternate type of online currency , it is not just like dollar or pund which worth some thing like gold some where in government bank .It is just digital currency and exists in number which owns some unique code on it such code which cannot be replicated or just copied and pasted and they are really complex.
Consider a group of people who agrees to trade some sort of things such as appliances within the group and they are willing to decide we should use our on currency which has no worth in gold and silver and they decide to do this with some code currency .Some complex mathematical codes which are very specific in their nature . The difference in crypto currency such as bitcion and real currency such as dollar is Government of U.S has issued this dollar currency and has said its worthy in this country and have established banks to reserve it. They have banks which worth it. but in case of crypto currency it is totally digital no paper work just numbers.
How this get started
Consider me and you planned to start some business and you say that Dude! i have no money and i say Not to worry about we can just start by our own currency. We just go out there are ask other people hey look he wants to sell his horse in link(BITCOIN) currency . You can get this currency by just spending some of your money in dollars. So that's how this currency comes out. The more and more people gets into this group more will your currency get worth The cryptocurrency worth some thing because group of people are agreed with this .
Why should i invest in bitcoin
I am not going to convince you to invest in bitcoins because this system is working these days bur we are not sure about future. Most of people are investing their money these days and worth a lot in very few time.The worth of bitcoin in start in 2008 was just few cents and now in July it worth about 2700 us dollars . It is risky but being serious i am too thinking to invest in bit coin because the system is still working. The value gets ups and downs with time ,SO make sure if you are going to invest here.
This was an introductory blog about crypto currency and in next blog i will tell you how to invest money and best sites to do that in crypto currency. So stay with me and thanks for you time.
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