Alright
Now before you jump up and say...yea its a fad...next
Just Hold up...hear me out...
Imagine a future where humans are multi planetary species living on Earth and Mars (possibly Moon)...we all know that's going to happen. Man went to moon and its a given fact that we will go to Mars in time. You with me so far, OK good.
What crypto-currency got to do with Mars and multi planetary species...well it exactly got to do with CC
Now imagine again, a colony living and thriving on Moon and Mars and they have shops, farms, trading, and all kinds of good stuff but what do you trade with? Dollars...nah too much clutter, Credit Cards...who wants to pay bills?
Answer is CryptoCurrency, a single uniform encrypted currency that can regulate the generation of units of currency and verify the transfer of funds. That is the future we are headed towards, a decentralized currency, free from the iron chains of banks and paper money.
So to answer the question, is it a fad or real deal? Patience
I remember first time when i heard about Bitcoin and said, "Man what a stupid idea, it will never work". That was in 2009 when there were no real exchange or trading platforms or any means to buy bitcoin. You had to mine it. So mining I did and found out that it is more effort into coding and programming than I thought it would be, plus electricity bill was rising. All in all I made few bitcoins.
Fast forward 2012; things are heating up, everyone is talking about mining this and mining that. I started getting curious, mmm maybe there is something to it then. Ok, i'll bite and order up some bitcoins but from where? Black market...where else.
That was the only way to get bitcoins, send them money and hopefully they will send you bitcoins.
On the other side price was rising to $31 and i started worrying that i might lose this train. But fear not...my trusty dealer did manage to send some bitcoins my way and we are rolling.
Forward to 2013; ok now what...this is not going anywhere. What am i going to do with these bitcoins? I can't buy stuff with it, its useless...so I sold it...cringe...yea.
Little forward to November 2013, Bitcoin shakes the world. Its a $1000 coin now...but i sold mine at $31??? mo***fu****
Now, I am shaking $1000 coin that is not healthy, but then my trader mind said it will drop and drop it did but not to $31. The bitcoin at this point is too valuable to be $31, it was $240 if i recall correctly.
So the question again: is it fad or real deal? hold on, patience
Now we all talking about ether this, ether that and you know what I said, "it will never work"
But I am no fool, i bought them and held on to them. If they sink, fuck it, its not like i spent my 401k on it. now i am wishing i should have
$12 per ether at the end of 2016, and I remember Coinbase founder Brian Armstrong said, " I see huge potential in ether, it will go higher than bitcoin" and he is not wrong. If you have been following Vitalik or any of his followers, you should have seen how devoted they are to this cause and how much they have vested in it to be successful. Ether storm is coming, get invested or get left behind. Now is the time.
OK enough about this, what about alt-coins...well, isn't bitcoin an alt-coin itself? what about litecoin? is that alt-coin too?
Every coin is alt-coin and it has potential to grow mainly because people believe in it. If people stop believing and accepting bitcoins, it will disappear faster than the cake i binged ate last night. Its all about faith in the currency. That gold backed mighty dollar is gone, there is no gold.
Ok finally, is CC a fad or real deal? Not yet, keep reading
Why are people so interested in bitcoin or ether or litecoin for that matter? Why are they CCs are going up? What is happening?
These are all very good questions and the answer is Banks.
Yes, Banks...do you know it takes 5 days for the funds to be transferred between persons? They also charge fees upward of $10 per transfer. Not only that, there are other bullshit hidden fees that they will not tell you during funds transfer. Not only this, they have to know where the money is coming from and where it is going. They simply will not accept your filthy dollars if you don't show them your source of funds, why, if you guessed Federal Reserve, hats off to you.
Government is watching your every move, what you eat, where you sleep, where you spend, what you watch, who you talk to, its all recorded. So what do you do? Run off to South America or Africa? LOL They will find you, you can run but you cannot hide. Enter Bitcoin, the savior of our generation, the lord that will protect us from prying eyes of THE BIG BROTHER. You want to buy something on black market, you want to anonymously donate, you want to send money instantly, you don't want to pay any fees, well your prayers have been heard. But with all the beauty, there is always a beast attached to it. Bitcoin has its limitations, ugly ugly limitations, but i won't bore you with it, may be in the next blog.
Finally, to reward your patience and sticking with me till the end. The answer is the drumroll.....Real Deal.
Why?
read my post again.
Are you sure?
Well i wasn't in 2009, now I am 100%.
What is black market?
Stop...you don't want to know.
What coins should i invest in?
Good question, As Warren Buffet said, "Be patient, invest wisely, and diversify."
Here are some coins that I recommend but you should do your own research before you buy. Research Research Research
Litecoin
Monero
Steem
Ripple
Lumen
Vertcoin
Waves
