Tired of banks, the global elite and Federal Reserve? How about being charged to withdraw your own money? My personal favorite is being charged for NOT having enough money. Do you think the way money is being handled right now is serving our global community? I mean the US debt is currently at $19,965,659,089. I think this is a good macro reflection of the current debt and poverty felt by millions if not billions worldwide.
What if all this is about to change?
For those of you who are not already familiar let me introduce you to the worlds most popular e-currency… Bitcoin or BTC.
Bitcoin was first introduced in 2009 and since then its value has increased dramatically. There are countless stories all throughout the world of people who invested in this coin at various stages of its existence making huge gains on their initial investment.
For example a Norwegian man who bought $27 worth of bitcoins in 2009 and forgot about them discovered their value had since shot up – to over a million only a few years later.
So what makes this online currency so valuable?
Bitcoin moves faster than regular currency so transferring money to each other from different countries has never been easier. Regular currency can sometimes take longer than 3 days to complete an international transfer.
There is also no real limit to how much you can send. You can virtually send as little or as much as you like without needing authorization.
Bitcoin is open source meaning anybody can replicate its technology and view a transaction that was done. It also be used to send money anonymously without banks or other corporations knowing.
Since Bitcoin is controlled by math and not people so it is not corruptible. It doesn't matter how many guns you point at 2+2 it will always equal 4
Many people who are familiar with Bitcoin are somewhat hesitant to invest now feeling like they have already missed the boat. This may be true. I personally just watched the BTC value drop from $2500 to $2100 and then shoot up to $2800 in just a few days.
There are also those who think the price surge and value wont last because it is a bubble and it will burst while others predict the value to shoot up way past $50,000 per coin.
Well let me tell you from my personal experience that if there is anything I could go back and change in the past 5 years of my life I would go back and invest everything I have into Bitcoin and cryptocurrency.
When I first heard about Bitcoin in 2012 its value was around $7 per coin. Fast forward it is now worth almost $3000. Imagine I had just paid for $70 worth. I would have almost $30,000 right now.
That’s ok though. Looking back at who I was five years ago I cant even imagine what I would have done with that money and I probably would have cashed in a lot sooner than $30,000 I am sure.
But my aim here isn’t to try and sell you Bitcoin. It is to merely spike your interest and encourage you to do your own research.
In fact if I were to suggest making an investment today I would not recommend Bitcoin.
Alternative coins aka 'alt coins'
Since Bitcoins emergence there has been many other people try to replicate Bitcoins success and create what are now commonly referred to as alternative coins or ‘altcoins’.
Since Bitcoin is open source (meaning everybody owns rights making it easily copied) other people / companies / entities have created their own cryptocurrencies, coins and online currency.
The two most popular being Litecoin, and Ethereum. This time last year Ethereum was valued at $12 per coin. Today it is worth over $200. Not a bad investment at all for those who braved it enough to buy some.
Yet there are even more coins, way more in fact. Over 1000+ that are popular enough to be listed on (in my opinion) the most useful cryptocrrency website on the internet; Coin Market Cap
From Potcoin to Dubai coin, everybody is getting in on the hype. Some of these coins appear to be pretty useless with little or no true value as they offer nothing new to our society. Yet some cryptocurrencies are doing revolutionary things such as Steem and Siacoin.
Steem is a cryptocurrency that can be earned by creating content on the website Steemit.
These rewards are gained for creating content and having it liked, upvoted or commented on by other users. Yes you heard me right you can earn cryptocurrency i.e real money for just posting and creating content like you would on popular social networking sites such as Facebook Instagram and Twitter.
Watch this short video for more information on Steem and steemit.com
Sia coin is working to make a decentralized storage platform much like Drop box or Google drive using blockchain technology making it more efficient and significantly cheaper to use.
Watch this short video for more information on Siacoin
Is now a good time to invest in 'Alt coins'?
This tells me that the community behind these cryptos are actually trying to do something revolutionary to actually make something of significance for our global community and I truly think they are in the very early stages of their development.
Steem tokens are currently valued at $1.41 and Siacoin is at $0.09.
Just like Bitcoin and Ethereum some time ago now might actually be a very good time to invest.
I currently hold 10,000 Sia coin tokens that cost me less than $100. Now imagine Sia coin follows in the footsteps of the other popular crypto and becomes valued at $1 per coin or $10 or even $100. That means the value of my investment will be worth $10,000, $100,000 or $1,000 000 respectively.
Still don’t want to trade your hard earned money on something that feels risky? Or maybe you just don’t understand how to get in and buy some right now (it is not as straight forward as many would like it to be) so I will be posting another article soon with instructions on how to do so. Either way it costs nothing to sign up with steemit.com and start posting on there today for a risk free way of earning some cryptocurrency.
I recently signed up and I am really happy I did. I have that good hipster feeling of catching something before the rest of the masses do. I truly believe that steemit and steem currency have a long and prosperous future and is totally worth checking out.
Well I really hope I have shed some light on the what seems to be a misunderstood world and at the very least spiked your interest on something that may very well have a huge role to play in the future of our financial systems and how we look at and view money.