The Story of My Cryptocurrency Journey (Short Version)
The year is 2017, in the month of July and on the 5th to specific.
Two days earlier Phil was at my office with his Bitcoin gospel once again. It’s almost getting to feel like I’m such an unrepentant unbeliever –so to say.
Good for the occasion, I just dropped one of my businesses and looking for the “next operation” to invest in to cover for the revenue gap I had just created.
It seems this time around, it was the perfect time to listen to this gospel of bitcoin, cryptocurrency, and the blockchain technology –big words I must say.
Fortunately and unfortunately, I was presented with Bitcoin, which I understood quite very quickly after a few hours of ‘Googling’.
More so, I was also introduced to a few Ponzi schemes –of course, they’re platforms where I could “easily and quickly GROW my bitcoin” and become a millionaire finally after a few months –it takes a small $50 to get started, it’s nothing –right?
You already know how that ended, but in case you don’t –in less than 3 months I was in and out of more than 5 different “investment” platforms.
With some, I made some cool money because I joined early enough, but others left me in the red in most cases.
So basically, my gains from one were taken up in another and the circle continues for another like 2 months until I got confident enough to quit.
I started “trading”. It was exciting and given that 2017 was all about rising prices I was making at least 10% of my portfolio daily without knowing exactly what I was doing –except that I know I’m to buy low and sell high –even an idiot knows that.
Fast-forward to January 2018 I had learned a lot to start my mini crypto exchange that still runs till today.
I have been able to build a sizeable network of crypto enthusiasts, traders, and investors and currently running and planning other major crypto projects right now.
More so, I have found greater business opportunity and earning potentials within the crypto industry in less than 4 years, than I had in my over a decade of running traditional businesses.
Anyway, that’s about me.
So Why Should You Consider Getting (More) Involved With Crypto?
How could cryptocurrency change your finances and life generally?
Crypto offers:
1. Financial freedom
2. The easier medium of Exchange
3. Faster transaction speed
4. A cheaper medium of exchange
5. Greater privacy
1. Financial Freedom
Satoshi Nakamoto –the creator of bitcoin and “father” of cryptocurrencies and the blockchain technology envisaged a financial economy where every individual is their own bank.
A trustless, permissionless, and peer-to-peer financial system that is free from central control, manipulation, and possible censorship.
With cryptocurrency, you are free from the monetary heist of the central banks, government, and financial institutions.
Nobody can tell how much you can send or receive, where and how you can or cannot spend your own money, question the source or legitimacy of your wealth, or even confiscate your wealth for any of the flimsy reasons.
In fact, it is hard for anyone to know exactly how much you have except you disclose it by yourself.
2. Easier, Faster and Cheaper Medium of Exchange
Cryptocurrency makes it easier to make payments for goods and services locally and internationally compared to fiat and other precious materials like gold and silver.
Which is easier to send between China and the United States –cryptocurrency or fiat? It’s cheaper faster and more convenient –with the added benefit of free from restrictions.
What’s more, it costs less than a dollar to send $1 billion worth of Bitcoin to anywhere in the world –try that with fiat.
3. Greater Privacy
Cryptocurrency payments offer you greater anonymity and privacy. The name itself is derived from the root word –crypt– which denotes secrecy, hidden or underground.
Before you start associating that word with “illegal, evil and dubious” should I let you know that privacy is a human right and where is it most important than in your money?
There’s no justification to deny a man the right to earn and spend his wealth however and on whatever he chooses to spend it on.
Final Thought
Personally, within the next 5 years, I would have at least 80% of my wealth and investment in cryptocurrency and the blockchain industry.
What about you?