It was not until recently that I gained interest in the crypto world. Sure, I knew about it for a long time, probably since 2014 when I heard about it for the first time. But like many of us I did not take time to really understand it nor did I make any effort to know what it was. I am a millennial and as such, I got used to seeing things, ideas and trends come and go.
However, this hasn’t been the case with cryptocurrencies. Instead, they have been gaining traction for many years. And to be honest, in 2017 when the price of BTC soared to over 20k I got interested. But then, the “bubble” bursted and prices fell down dramatically and BTC lost more than 60% of its value within a few months and in 2018. One year after peaking at over 23k, BTC price was trading at as low as 3k. With such a massive decline in price I thought I was just a bubble and dismissed it again.
It was last year then I saw the price fluctuate again between 5k and 10k that I started growing interest in it. I even bought some BTC but then not really understanding what I was getting myself into I decided to sell it. Oh boy! I wish I would've kept it.
Between work, school and my other responsibilities I did not have the time (or did not want to make time) to immerse myself more into the crypto world. I have done a lot of research in the last few days, spending about 6 hours daily researching and understanding why Bitcoin and other crypto currencies are still around and rising in price. And to make this not longer than it needs to be, I will just say this:
Cryptocurrencies are the future for a decentralized financial system. It is part of globalization and it will be the way people transfer value from one hand to the next. Its decentralized nature allows us to make transactions between peers (P2P) and avoid the middle man (traditional banks) and remove the fees we usually pay them to sustain their business model. Probably most of you here already knew that, but for some of us newcomers, I think it was a good idea to share my thoughts. And don’t be afraid to ask even if you feel you are late. Reality is: we are still not late. Cryptocurrencies are the future and we are at the beginning of the S curve. If you own some CRYPTO, (and I would recommend you own some, just so at least you get yourself famliarized with the concept). The ride will be bumpy, there will be ups and downs but worth it long term. Think long-term, otherwise your emotions will erode you.
Not all cryptocurrencies will survive, but some will. Bitcoin will be one of them I can almost guarantee it, I also believe the Ethereum ecosyst and Ether will be there it is very convenient for businesses. This is my opinion and my two cents. Do some research. Knowledge is priceless.
