Bitcoin- The Beginning

What is the one thing that keeps this world going? What is it that mankind desires most of all? Something he wants so badly that he is prepared to kill for it. He can commit the worst crime without batting an eyelid simply because he wants it above all else. Why?

Human beings are species who are always on the lookout for something. Something that can satisfy his wants. They are mortals in this mortal world and fascinated by its creation, its vastness, its might, magnanimity and impenetrability.

What makes man want something? The want which soon turns into craving, which in turn becomes obsession. Why can’t he be happy and satisfied with all that he has already?

The answer is quite simple. What makes him want something is the desire inside him. The desire multiplied exponentially with each achievement and also with each failure. Desire that soon takes the form of greed which turns into obsession.

What is the commodity with the help of which you can buy all the comforts in the world? It is money which can turn friend into foe, near and dear ones turn their heads towards you if you have it in enough quantity and just as quickly turn away from you once its gone.

Money is the basic asset which can not only buy anything you want but, in recent times, with the help of which you can also ‘buy’ friends, relatives and even girlfriends.

Money is the medium of exchange through which you can purchase and sell goods and services and is the de facto financial intermediary, replacing the long since prevalent barter system and the process has continued since then.

Today, we are going to talk about one of its digital counter parts (well sort of). It is called bitcoin. It is a kind of digital asset, termed as crypto-currency, that does not have any central bank to its name, quite unlike its counterpart but has its own financial network that is transferred from one user to another.

Bitcoin is a, let’s say, digital phenomenon that came about around 10 years ago, back in 2009. So it is a relatively recent medium which took over the country by storm when it first released.

It was a revolutionary step that was eagerly lapped up by youngsters and still used by many to this day. It considerably reduced the burden of cash currency crunch that was then prevalent in the economy due to hoarding of black money and rampant corruption.

Bitcoin was also seen as quite similar to gambling by people who are generally cautious and alert regarding money matters and are careful not to put their hard earned money into fraudulent scams or ponzi schemes.

But, the investors and brokers saw this as a golden opportunity to mint some money out of this new outcome and make millions through some clever thinking and brilliant investment schemes for which they are undisputed masters in doing so and that is why they are very successful today.

However, on the flip side, it was also an unwilling target of black marketers and hoarders who used it to their advantage by becoming its very first users and run their own black economy successfully.

Viele Andere Anleger, which translates to many other investors, was the term that was coined for those investing into bitcoin. This continued for a couple of years and that is how they thrived upon it.

How to start bitcoin: 

  • Easy to purchase: It is quite similar to use as the internet was when it first came out and you don’t need to be tech savvy for it because internet is a common phenomena today for, especially for youngsters, but how many are familiar with the detailed study of it.
  • Safe to use: Its technology is quite secure but since its price is quite high many are apprehensive to buy it.
  • A successful venture: It is generally said that upon buying one bitcoin,you own half of the world though the results depend upon your keen sense of investment.
Julia

Julia

Julia Arostegi lives in California USA. She took Developmental Communication at the University of California and finished her studies in 2012. She is currently the managing director of California Magazine. She is also a blogger, content enthusiast and a photographer.