How Internet Magical Money Became a $ 216 Billion Industry: The Rise of Bitcoin

[phabulu 0]

How Internet Magical Money Became a $ 216 Billion Industry: The Rise of Bitcoin

The humble beginnings of cryptocurrency began just 11 years ago, when Satoshi Nakamoto launched his white paper "Bitcoin: A Peer-to-Peer Electronic Money System".

Since then, we've seen the cryptocurrency industry hit impressive milestones - becoming a $ 216 billion industry - but it hasn't happened overnight. How has Internet magic money become the booming industry it is today? Let's take a look.

What is Bitcoin?

Bitcoin, the magic money of the Internet, is a cryptocurrency. A digital form of money that is completely decentralized as it works without the authority of a central bank or government. Bitcoin can belong to anyone, anywhere, making it ideal for fast and cost-effective cross-border transactions. Bitcoin is based on blockchain technology, which Satoshi Nakamoto invented alongside the coin.

Bitcoin is believed to be created as a response to the 2008 global financial crisis - a new currency that would operate independently and would negate many of the challenges we face with fiduciary currency. However, the definition of Bitcoin challenged lawmakers, with many struggling to find ways to regulate the use of cryptocurrency.

Today, several countries have come out in support of cryptocurrency - recognizing its usefulness and viability as a digital asset.

Still, who would have thought that this magical Internet money would become a $ 216 billion industry today?

 

You can read the full article on my steemit:

https://steemit.com/bitcoin/@phabulu/how-internet-magical-money-became-a-usd-216-billion-industry-the-rise-of-bitcoin

[bentayebsalah 2280]

It was a really amazing development, and nobody expected that except those who invented this coin called Bitcoin, called Satoshi, because he believed in his project.

[Thekingcallme 1975]

It attracts all those who see its great advantages and therefore the number of traders and investors in these currencies increases

[Sumayya 493]

This is a fact, the internet was not up to the before you can only get paid by working in freelancing but now with the new cryptocurrency bitcoin everything changed

[Afrizal rahman 2636]

Every day sales and purchases continue to increase in the market. that's what makes change. all of us certainly hope that next year is the beginning of a bright future.

[Sagor 500]

Excellent development of crypto. now a days btc is the most popular coin and people are now making p[uch profit from btc.

[mani982 286]

In 2009 when bitcoin launch and the price of 1 bitcoin was 0.008$ then nobody did not imagine that after few year bitcoin will hit the 20000$ and will become the world most expensive currency.

[Sapdrx 469]

It is absolutely crazy when you think a few years ago crypto didn't exist. But the same applies to the railroads a century ago. Today new crypto is created with very specific purposes like cutting costs or even new businessmodels. Crypto is here to stay and will boom even more.

[Amirul Islam 382]

On 11/11/2019 at 4:28 AM, phabulu said:

How Internet Magical Money Became a $ 216 Billion Industry: The Rise of Bitcoin

The humble beginnings of cryptocurrency began just 11 years ago, when Satoshi Nakamoto launched his white paper "Bitcoin: A Peer-to-Peer Electronic Money System".

Since then, we've seen the cryptocurrency industry hit impressive milestones - becoming a $ 216 billion industry - but it hasn't happened overnight. How has Internet magic money become the booming industry it is today? Let's take a look.

What is Bitcoin?

Bitcoin, the magic money of the Internet, is a cryptocurrency. A digital form of money that is completely decentralized as it works without the authority of a central bank or government. Bitcoin can belong to anyone, anywhere, making it ideal for fast and cost-effective cross-border transactions. Bitcoin is based on blockchain technology, which Satoshi Nakamoto invented alongside the coin.

Bitcoin is believed to be created as a response to the 2008 global financial crisis - a new currency that would operate independently and would negate many of the challenges we face with fiduciary currency. However, the definition of Bitcoin challenged lawmakers, with many struggling to find ways to regulate the use of cryptocurrency.

Today, several countries have come out in support of cryptocurrency - recognizing its usefulness and viability as a digital asset.

Still, who would have thought that this magical Internet money would become a $ 216 billion industry today?

 

You can read the full article on my steemit:

https://steemit.com/bitcoin/@phabulu/how-internet-magical-money-became-a-usd-216-billion-industry-the-rise-of-bitcoin

This is an interesting name to introduce the crypto in the market. After launch of bitcoin people get into it. And they keep investing in it assets. I think this make bitcoin most valuable coin in the world 

[Amir YT 202]

On 11/11/2019 at 4:28 AM, phabulu said:

How Internet Magical Money Became a $ 216 Billion Industry: The Rise of Bitcoin

The humble beginnings of cryptocurrency began just 11 years ago, when Satoshi Nakamoto launched his white paper "Bitcoin: A Peer-to-Peer Electronic Money System".

Since then, we've seen the cryptocurrency industry hit impressive milestones - becoming a $ 216 billion industry - but it hasn't happened overnight. How has Internet magic money become the booming industry it is today? Let's take a look.

What is Bitcoin?

Bitcoin, the magic money of the Internet, is a cryptocurrency. A digital form of money that is completely decentralized as it works without the authority of a central bank or government. Bitcoin can belong to anyone, anywhere, making it ideal for fast and cost-effective cross-border transactions. Bitcoin is based on blockchain technology, which Satoshi Nakamoto invented alongside the coin.

Bitcoin is believed to be created as a response to the 2008 global financial crisis - a new currency that would operate independently and would negate many of the challenges we face with fiduciary currency. However, the definition of Bitcoin challenged lawmakers, with many struggling to find ways to regulate the use of cryptocurrency.

Today, several countries have come out in support of cryptocurrency - recognizing its usefulness and viability as a digital asset.

Still, who would have thought that this magical Internet money would become a $ 216 billion industry today?

 

You can read the full article on my steemit:

https://steemit.com/bitcoin/@phabulu/how-internet-magical-money-became-a-usd-216-billion-industry-the-rise-of-bitcoin

bitcoin was created on 2008 by Satoshi Nakamato. We don't know about this person. I think the person didn't have any idea about this coin get this fame. People understand about this technology and connecting on it. That's why it's rise up.

[Kantaro17 29]

It is an idea made in the form of a cryptocurrency and distributed at a time of specific need that made the world accept it, need it and use it. Only with that I achieve all those millions. Admirable really.

[Captain Karim 0]

Yes, it all started about 11 years ago, and now the situation is much different from what it was previously. From 11 years ago the price of bitcoin was nothing at all. Now the cryptocurrency industry is spread all over the world.

[Shaza Ahmad 1682]

Yes, I agree with you, earning via the Internet has become an expanding field in all the world, and cryptocurrencies have become a huge market for many new investors.

[BTC Future 3946]

It seems that there were people even back in 2010 that were thinking of the possibility of Bitcoin growing a lot. Especially after it reached 10$ in a short timeframe, too many begun thinking differently and started hoarding as much as possible. Probably some of them are today's whales that have grown some skin in the game and are playing with their Bitcoins, moving them left and right and creating friction about price. Most of them already sold some of their Bitcoins and have enough money for them and their families, although they haven't sold everything, as there is always a possibility of a new bull run, especially the following two years.

[bliznec 22267]

The figure of 216 billion dollars, this is not the end, and these indicators will grow in value. These numbers will grow, with a geometric progression. 

[AkaCrafterCZ 1140]

This is the whole definition of Bitcoin explained. Thank you for providing us with this information. Beginners will surely find the information useful.

Bitcoin was cheap in 2009 and no one really expected it to jump to the price we know now. And what will happen next? Bitcoin will go to the moon.