I have loved technology ever since my first Apple IIe. From there I fell in love with the internet as a stock broker in the 90's . Internet stocks were amazing to watch and trade. The bubble as we all know eventually burst in 2000. I believe we are currently in 1994 of the internet revolution relative to crypto currency. I feel there will be many periods to come when the general public realizes they are getting left out of crypto currency. There will be times when the general public fear fiat currency and rush for the exit of fiat and at the door step of crypto. Mark my words, we will see many days over the next 10 years where this happens.
Anyways, being a fan of technology, loving the internet and enjoying the stock market lead me to bitcoin in 2013. It took me about a week to fully understand that bitcoin was not just another paypal. Once I wrapped my brain around the break through that bitcoin was, I was bitten and bitten good. It was all I could talk or think about for months. I am still amazed at what Satoshi Nakamoto created. Bitcoin is the perfect blend between as equity, currency and a commodity. It trades 24/7 in every corner of the world. Bitcoin is a trader s dream. However, it does not stop there. Since falling for bitcoin I have made $100,000 lost $100,000 made $150,000 and when the DAO was hacked I lost that $150,000. Why did I not sell you ask? Because I believe crypto currency will create many millionaires and I want to be one of them. You can only get from A to B by holding. I do not believe you can trade your way to a million dollars. Even though I have taken it on the chin a few times, I am always positive and believe this is just he beginning the the crypto currency revolution. Many people will choose a wait and see attitude however Icalready know crypto currency is here to stay. c
For the 3 weeks the ethereum developers were trying to fix the hack, I was reading about as many interesting crypto currency projects as I could. Most people don ot realize that we now have 2 classes of crypto currency. ! is a currency like bitcoin and litecoin. THe other is a asset like Steemit. Assets typically run on a classic crypto or token like ethereum or bitshares. The DAO ran on ethereum and Steemit runs on bitshares. Other coins currently in development are three decentralized blockchains used for storage . These are StorJ, Siacoin and Library Card. These decentralized storage networks once they are up and running will have a dramatic affect on the world. These blockchains will allow anyone without showing thei identity to store a digial item on the internet. While being stored no one will be able to take it down or find where it is stored. When an item is stored it is encrypted and split up into tiny pieces then stored across many nodes functioning around the world. Nop longer will there be a central point to attack and take down the stored data. Think about that for a while and realize the changes this will bring. These 3 coins are only the tip of the iceberg that is in development right now in crypto. There are 100's of project with a specific niche being worked on as we speak. ......... I will pick up here the next time I write. sorry for getting carried away.