2021 is without a doubt, shaping up to be the biggest year for crypto currency, and it is definitely no surprise to me. You see my dear friends, in 2020 their was a huge wave of mainstream acceptance for digital currency, our beautiful friends at PayPal now allows their users to buy crypto on their platform and that is huge. And the very well-known JP Morgan who is a Bitcoin bear, is now predicting that Bitcoin could go far beyond $650,000 in value in the near future, and when JP Morgan predict something like this well, let us say we need to pay attention, because JP Morgan understands wealth in a very big way.
Over the past few years you more than likely heard a lot about cryptocurrency, Bitcoin which is the original and the oldest cryptocurrency went on a tremendous run in 2017, soaring roughly 2000%, and that was done in less than a year, Peaking at nearly $20,000 that December. However, just as quickly, Bitcoin plunged more than 80% throughout 2018. Let us fast-forward to this past month, when the price soared to an all-time new high which was around $60,000 more than triple it price at the end of 2020.
Yes my friends, as you can guess it’s a very hot topic in many financial circles. The crypto space is without a doubt full of fascinating opportunities, however, many individual investors simply do not know how cryptos actually works or what they are good for. So today, I am now going to answer several of the most common questions to help all of you better understand the cryptos space. Because if you are considering to make money in cryptos, you definitely need to know at the very least the basics first.
WHAT IS A CRYPTOCURRENCY
A cryptocurrency is a computer program that generates digital coins and also tokens that people can use over and over on an extremely secure network, and I do mean a very secure network. At the heart, they are computer programs or teams of computer programs that are all working together. Bitcoin which you’ll may often see written as (BTC), is the best known crypto, the easiest way to understand, physical bitcoins doesn’t actually exist. You cannot hold them or put them in your piggy bank, Bitcoin is simply digital money that isn’t controlled by any government in our world (praise the Lord on that) or by any group of people or corporations.
![What is Cryptocurrency: [Everything You Need To Know!]](https://static.blockgeeks.com/wp-content/uploads/2016/11/topcryptos-1.jpg)
One part of the Bitcoin computer program will allow the safe transfers from one Bitcoin investor to another. If you are going to use Bitcoin as a currency, you will need a way to send and receive them. Another part of this program watches every transaction, making sure that their is no fake or fraudulent transactions taking place before they are verified. Since we are talking about hundreds of millions and sometimes billions of dollars in Bitcoin changing hands each and every day, so preventing fraud is extremely important.
It is like one of the credit card company’s, let us say, MasterCard suddenly announcing that anyone in our world can download its software and start verifying it’s transactions in exchange for a cut of the fees, this is how the Bitcoin computer program works. Anyone can run the program and could even verify transactions for a cut of the transaction fees. There is another part of the Bitcoin computer program that works like a ledger, that keeps a permanent record of all the transactions. The ledger is like Bitcoins accounting books, it is a public list of all the Bitcoin transactions that has ever happened from day one.
For example, Billy pays Maria for a service with a Bitcoin, it is recorded in the Bitcoins ledger for both individuals. However, not only that, it is also recorded in the ledger by Peter, Alan, and Martin, and anyone else who runs the Bitcoin program. Now please keep in mind that’s a simple explanation, because on the Bitcoins Network people’s names aren’t ever used. Instead, the ledger used unique Bitcoin addresses, they are much like a very long cell phone number.
The ledger is called a blockchain, I am sure if you are involved in investing you have heard about blockchain. The blockchain was one of Bitcoins biggest innovations, since every transaction is public, it can be verified by anyone else within minutes in the majority of cases. While every Bank in this world shuts down and reconciles it’s database with other Banks every night, the mighty Bitcoin runs 24/7.
The word crypto comes from Bitcoins super strong cryptographic code, in other words my dear friends, it’s the same type of secret code that is used to protect highly classified government information. The code make sure that the Bitcoin Network and the ledger always stay secure. Billy doesn’t want Maria to be able to steal from him or to even guess his password. And no one else wants the database to be manipulated, so they are all protected with the secret code.
With cryptocurrency, all these pieces of this unique puzzle work together to make it possible for all of us to buy, to sell, and transfer them safely, even though no one is actually in charge, this is the beauty of it all. That’s right dear friends, no central party like the government or a bank is ever in charge of Bitcoin. It’s why you offer hear cryptos like Bitcoin referred to as decentralized.
The blockchain has spurred radical innovation in non-financial industries. For example some cryptos can be used to transfer virtual items in video games, and others can track pharmaceutical drugs from their raw ingredients, all the way to a hospital bed, also it can help build artificial intelligence networks or insurance, marketplaces and big time, countless other uses. To put it bluntly, cryptos are already touching base to almost every industry on this planet. Yes my friends, Bitcoin is a crypto, and for now it’s definitely remains to be the biggest and the most popular.
Email: earlncox@gmail.com Phone: 929-249-5296
However, after Bitcoin launched, all sorts of entrepreneurs jumped on the bandwagon, dreamed up ways to make their own cryptos with different features then Bitcoin. A good example is Ethereum, (ETH) It supports “smart contracts”which enables automatic financial transactions. Also, we have the Binance coin, (BNB) which can get us discounts and other benefits on the world’s busiest crypto exchange, Binance.com (and it’s America counterpart, Binance.us).
Bitcoin is extremely strong, and their are some experts that has said Bitcoin cannot be hacked. However, it is also pretty slow when it comes to verifying transactions. Let us imagine, if you are buying some groceries, instead of swiping your card and being approved in seconds, it could take minutes for Bitcoin to verify a transaction. So faster cryptocurrency were developed.
In recent years, other cryptos came along that can better protect our privacy by hiding information about our transactions. And other added specific features, like a built-in programming language or “programmable money”. That unlocks the potential for automated financial transactions.
My name is Gunther Dedobbeleer from Brussels, Belgium and I’ve been involved with online marketing since 2011. Like most people, I’ve had ups and downs, wins and losses, scams and legit deals. Trying to find something worth putting time and energy is becoming more and more difficult these days, don’t you agree? To be honest, despite the world going absolutely nuts with COVID, 2019 and 2020 were by far my worst years. I’m 43 by the way. I got scammed 4 times in 2019 and beginning of 2020 and I really considered giving all of this up for the first time since I began in 2011. Financial struggles brought me in a really difficult situation. So needless to say I’ve had to fight an uphill battle to get back into a good place with everything. I got burned several times in these programs and my team and I lost big. But i’m not a quitter and i was convinced that I would make it in the online space. So now i’m only involved in crypto opportunities and it’s going better everyday
If you will please, imagine, for example, if you only had to pay for insurance when you were physically driving your car, thanks to smart contracts, financial transactions that don’t require human intervention. Smart contracts are impacting everything from the lending industry to prediction markets to robotics and much more. Other cryptos target specific-use cases, that are called “utility tokens,”they Grant the holder certain privileges, for instance, voting rights or access to a specific service. We are also now seeing more “security tokens”emerging. They are similar to stocks and can do things like pay dividends, including embedded financial reports and much more.
It is hard to actually know how many cryptos that we will need in this world. You see dear friends, of the thousands of cryptos that already exists, we only know and like a few doesn’t or so right now. Some cryptos are design to serve as a currency like Bitcoin, however, as I said before, many cryptos have been designed and create to complete company’s specify tasks or other narrow focused ones. These tasks can range from tracking goal or silver to verifying data to even proven you are old enough to drive or purchase alcohol without sharing your personal information.
In the next few years, we could definitely see Bitcoin hidden $250,000, $500,000, or even 1 million. Now my dear friends I don’t know what your plans are, but I am in, their is going to be a whole bunch of brand new millionaires and my intentions are to be one of them. In this article I have left the names and information of people that I know, can help you to get on the road to invest in cryptos, if you so desire. These individuals, have proven to be extremely trustworthy, and they definitely know what they are doing, and will help you with all of your investment needs concerning cryptos (Bitcoin). I pray that this article has given you some light and understanding of cryptocurrencys.
May good health and prosperity be always with you.
Humbly yours Paul Earl.
www.Beautiflworid.com
Totally fascinating article Paul. I’ve been tracking the whole Bitcoin journey and wasn’t surprised at the highs and lows that it has reached. It’s very exciting to see cryptocurrency gaining ground around the world. My one concern is how secure is it? I know we say that it’s protected like governments but they have been hacked in the past and will be again. Can you rely on your money always being there? Or could the system crash or be hacked by bad people who want it all for themselves?
Good evening my sister so good to see you Lily, it’s been a while, well let me tell you this way, a friend of mine’s back in 2014 tried with all his heart get me to jump in and I didn’t, he walked away with over a million and a half dollars. Another one of my friends in 2017 tried to get me in, I didn’t he walked away with 200,000. And I have had dozens of friends asking me to join up with them, so being the kind of guy I am I got a hold of my four person team and we begin to research, this article is the outcome of that research. And as of 2 days ago I invested $10,000, and my plans are to invest even more very very soon. And when you see the big boys, the rich and the famous jumping into it, well that’s all I need to know because if you follow the money of the rich you will make money this is a proven fact. Very good to see you my sister hanging out with us here at weightlifting for a beautiful world, and if it’s anything I could ever do for you please reach out and keep your eyes open for my new website the prosperity page. May good health and prosperity be always with you.
Hello Paul. I went through your article about BITCOIN-CRYPTO CURRENCY IS THE FUTURE AND THE FUTURE IS NOW. I found it very educative and informative and I am glad I came across it. I have heard a lot about crypto currency and bitcoin but believe me, I don’t understand it all. How do I trade and how do I know when to buy and when to sell? I thank you for sharing this amazing piece of writing and hoping you enlighten me further.
Good afternoon KoKontala, and thank you kindly for hanging out with us here at weightlifting for a beautiful world. It is indeed time to be involved with Crypto Currency, I say this because I have watched the rise of Bitcoin and a few other ones in the past 6 months. And I have watched the elite and the rich recommended and invest in it. It is my belief if you follow what the elite and the rich invest in you also will prosper by investing in the same. As far as your question goes, I will answer it this way. I had a friend in 2014 that tried to convince me to invest in Bitcoin I did not he walked away with a million and a half dollars, another friend in 2017 tried to get me to invest and I did not he walked away with 200,000, the point being if you got money invested in this currency, you have to be the one to decide when it’s time for you to sell. Like all investments there are some risks however, anything worth having take sacrifice. I have now invested $10,000 and my plans are to invest more into Bitcoin. Once again, thank you for stopping by and if it’s anything that my team or I can do for you please reach out. May good health and prosperity be always with you. Humbly yours Paul Earl.
I totally agree with you that the field of cryptocurrencies is a matter of the future that has already begun.
I’ve been researching this area a bit for a while now, but I haven’t really delved into it yet, so information-rich articles like this are very welcome.
I once spotted somewhere that the creator of bitcoin is not exactly known. Do you have any interesting information about this?
Thank you for taking the time to describe in such detail what a cryptocurrency is and an explanation of a blockchain that is very understandable for beginners in the field like me.
Friendly greeting,
Nina
Beautiful good afternoon to you Nina, and thank you very much for stopping by. I have already invested and I my plans are to invest more, I have a few friends that have made a lot of money with Bitcoin and a few other ones that are making a lot of money with Bitcoin. I have also read many recommendations by very wealthy people who are investing into Bitcoin. As far as your question who actually invented and design Bitcoin? I don’t really know, but you know what, this is an interesting question I will research it and put it out there. With all my heart may all your investments bring you prosperity. Once again thank you for hanging out here at weight and lifting for a beautiful world and if it’s anything that we could ever do for you by all means reach out. May good health and prosperity hold you tight. Humbly yours Paul Earl.
Bitcoin crypto was created to serve as a payment & savings system, where anyone can participate without any moral or political interference. Great article thanks for sharing.
Good evening my brother Earl, thank you for stopping by, your presence is most appreciated. What you have stated is one of the reasons I love this, no big corporations or governments can control it and that’s a most wonderful thing indeed. I want to thank you Earl for being one of the ones to turn me on to this, I can only see prosperity. And if it’s ever anything that my team or I can do for you by all means reach out. May good health and prosperity be always with you. Humbly yours, Paul Earl.
This info is amazing bro you’ve done a great job in depth and I can’t wait for the bitcoin price to hit
650, 000 By then hopefully the most of the world would have stacked up on plenty of them…
God bless you always bro with your awesome articles🤗🙏🏻
Good afternoon my wonderful and beautiful sister Susan, it is awesome seeing you hanging out with us. Yes indeed, as you can see my team and I gather a lot of information, you know me Susan, before I jump into anything, I learn all that I can, and now that I have learned this I’m diving in head first, this is the way. Please keep your eyes open for my next article it should be on social media towards the middle or end of the new week. It’s going to explain why you need to take your money out of the bank now and invested in gold silver or Bitcoin or some of the other new currency. This is the bottom line I’m going to give you a little of it. The American dollar is only worth $0.94 and is going down fast, some of the currency around the world is going to be worth more, however, the banks around the world are changing their policy, and it is legal. They’re going to be charging people to hold their money instead of you making interest, that’s all I’m going to tell you now, however, my sister if you got money in the bank get it out and an invest it in Bitcoin or goal or silver it is the way. Once again it was awesome to see you here at weightlifting for a beautiful world and with all my heart if it’s anything that we can do for you please, please reach out. May good health and prosperity always hold you tight.
In my book, Bitcoin is the most well-known cryptocurrency and arguably the current gold standard for investments. and more than 1300% in 2017.This unique cryptocurrency seems to be tending.
There is a spiritual benefit and we must have time to explore it. I would like to do quite a few teachers with this job
Good evening and good to see you, the doors of weightlifting for a beautiful world are always open to you my dear sister. Yes Bitcoin is indeed the most powerful cryptocurrency and the most well-known and I do believe it has hit over one trillion in investments. People like JP Morgan have a ton of money invested, my father always told me follow the money and you know what to do, and I’m doing it, invest, invest, invest. My sister if you have any money in the bank, my advice to you is to get it out invest in goal or silver or Bitcoin or one of the other new currencies, this will be the only way that your wealth will be safe. Thank you for hanging out with us and as always if there’s anything that we can do for you please reach out. May good health and prosperity be always with you. Humbly yours Paul Earl.
Hi,
Cryptocurrency has really revolutionized the way people have been thinking about money worldwide. Blockchain technology is indeed a game-changer in the 21st century. I will definitely have to agree with you that cryptocurrency is the future and that future s happening already as we speak.
Thanks for such a great article.
~Sergej
Good evening Sergej, and I think you dearly for stopping by and hanging out with us here at weightlifting for a beautiful world. Without a doubt, you are absolutely correct blockchain technology is indeed a game changer. However, what I think is really important to understand especially for Americans, with all this money printing, the American dollar is declining fast, as we speak now it’s worth less than 94 cents, and plans are to continue to print more money, this is why it’s so important to pull your money out of the bank and invest it in gold silver or Bitcoin or one of the other digital currency, this is the only way that you’re not going to lose your wealth. Without a doubt, the future of Bitcoin and the other digital currencies is here now today, and will not be leaving anytime soon. A decision by everyone must be made, are you going to be in on the future, or are you going to lose while remaining in the past. Once again, I think you for visiting us here at weightlifting for a beautiful world, and if it’s anything at all that we could ever do for you please reach out. May good health and prosperity be always with you, humbly yours Paul Earl.
I started reading about Cryptocurrency, trying to know what it is really and how it works?
I am hearing there is really income with it. But I don’t really know about the process of getting it.
Around five years ago, my brother and 3 of my nephews have invested individually with many computers, set them up for Bitcoin mining and eventually, they were saying they got only an amount for electricity bill. A few months of trial, or I am not sure if they stayed for one year, then they all gave up with their dreams. Their conclusion, if I am not mistaken is that Bitcoin selling price was too low.
I am not quite certain for that Bitcoin period. Why would others break good news? Did they do it right or have they sell to the wrong person?
I remain curious about Bitcoin, more readings probably.
Good evening Rose, it’s a lot of scammers out there, unfortunately, however, you want to deal with Coinbass, and you want to have a wallet that Coinbase recommends, and you will never lose. One of my friends made a million and a half dollars would only a $10,000 investment, he beg me to get in and I didn’t, another friend invested $500 and made $200,000 he also baked me to get in and I didn’t. However, I am in now and I am making money. If you go over my article once again, it explains everything, the way that Bitcoin and other digital currencies work. It’s one thing for sure Rose, paper money is going out the door, and if you have any money in the bank, without a doubt, you need to get it out and invest in gold, silver, or Bitcoin or one of the other digital currencies, because if you don’t you’re going to lose, your wealth. Please keep your eyes open for my next article concerning these things, it will explain everything to you from a to z. Don’t wait too long to invest in Bitcoin or gold, silver, or one of the other digital currencies please for your sake. I thank you for visiting us here at weightlifting for beautiful world and if it’s anything that my team or I could ever do for you by all means reach out. May good health and prosperity be always with you humbly yours Paul Earl.
I recently heard the news that the crypto trading market has fallen again. And obviously, a lot of people will make a huge loss. Big-time investors will vow never to risk the market with most of their resources. This is why I don’t have that keen interest in investing in crypto trading. The Bitcoin currency value is expected to have gone up for 5 years, but it’s not happened yet. Thanks.
Joyce
Good evening Joyce Easton, and thank you very kindly for stopping by to see us here at weightlifting for a beautiful world. My dear friend, apparently you have been misinformed because you only heard the beginning of the story, Bitcoin is coming back already in a very big way, you can check this out yourself just Google it. All the major money people including JP Morgan are investing in not only Bitcoin but many more cryptos, and because what’s happening with the money printing in the United States is making Bitcoin and a whole bunch of the small ones go up even faster. The last place that you want your money now is in the banks if you’re American, the US dollar is only worth 94 cents and going down fast as we speak, the only way that you can keep your wealth safe, is to take it out of the banks and invested in goal, silver, Bitcoin or one of the other digital currencies, if you do not you will lose your wealth. Be sure to catch my next article it tells all about what’s happening with the banks throughout the world and why you need to get your money out now, not tomorrow now. You’re also misinformed about the there’s no crypto going up. I will give you an example, a small crypto by the name of vechain has went up as much as 823% since March, which means if you had an invested $1,000 a few months ago you would have made as much as $9,230 you get me. Another one that is a tiny crypto, since March 2020 it has went up as much as 476%. You have to do your homework or have someone that you trust to do your homework to know what’s really going on, and if you watch the big time investors my God and this is a good percentage 98% of them got lots of money in crypto. And this I know 100% because I do my homework, I follow the money. I have a team that gathers information, financial information day and night. I leave you with this my dear friend, please get your money out of the banks. Once again, I think you for stopping by and if it’s ever anything that we can do for you please reach out May good health and prosperity be with you always. Humbly yours Paul Earl.
PS, how could you say that Bitcoin or any of the other digital currencies hasn’t went up in 5 years? just a few months ago Bitcoin went up 140%, you are not doing your homework with all due respect, this is why you were missing the money, I just brought a brand new Maserati which I posted on Facebook with some of the money I made off of that run.