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Bitcoin is the Moon of the Crypto tides

Take a look at how much Bitcoin has grown

By Josh CooperPublished 5 years ago 4 min read
BTC Solar Eclipse

The truly unraveled mystery of Bitcoin is written into its history, and despite the constant search for the original creator, it was only to be this way from the initial start of the currency (due to the obvious choice the creator/s wanted, and that was) to be anonymous, yet demonstrative of how a new digital currency could one day change the world online.

Just a few short years before this new project took off , was a sudden influx of people working online, from multi level advertising, to work from home jobs that were the first of their kind. Platforms and online markets such as Pay Pal and Ebay, were becoming the new trend to spend and depend. The Global Financial Crisis also fueled a transitional change into new markets that shaped a perfect space for a new 'Digital Gold', to be so solid and safe it could possibly change the way we send money forever.

If your searching deeper into the actual technology of cryptography it is not a new thing however to actually make it into a stable, decentralized, block-chain based currency required some skills, nerve and incredible vision of the future. The one defining moment for this new cryptocurrency to take the world by storm was to put the user in complete control of their money, and the community supporting it would also be rewarded via the way of processing the transactions, instead of relying on outdated and slow traditional banking methods.

Before we get too lost, lets go right to the start of Bitcoin's journey and it started very small, for only a few online investors at the time. No exchanges, no direct contact information, but a mailing address and money order/cheque was the direct way to buy Btc at that time. I was lucky enough to get an invitation email back in late 2008, however I didn't think it would be worth my time and money, until a small while later when I realised its potential. I joined the community online and tried to learn as much as I could, but many I met were at the same pace of discovery in these newly chartered waters.

There was talk of other tokens at this time that would be influenced by Bitcoins price and it was almost joked about, due to a sudden loyalty to the main contender, being Bitcoin. Mining could also be performed on a standard computer or small GPU if you wanted to get extra dollars.

Peer to Peer transactions in the network went on to assist some very bad operations and unfortunately also at that time, put many initial investors into questionable status should they be sending these types of transactions for illegal services. While the days of Silk Road are over, it made a tarnish on the whole system, hence not much happened for some time.

Quietly and loyally a community was growing in the background and exchanges were being constructed such as Mt Gox, at this time trusts such as the Tulip Trust were initiated. It seemed so trusting to rely on an anonymous community to store your wealth but many went forward with nerves of steel.

Some of the curious such as myself kept a close eye on the development in this new space online as it shifted the dynamics to a more experimental way to invest the hard earned dollars. ICO's were just about to take shape and new alternatives were discussed in online chat rooms.

The time of exchanges were bringing a new form of investment, and the alt coin cryptocurrency family was taking shape. The first wave of profits came and left, along with new contenders to the blockchain game, Litecoin, Peercoin, and Doge to name a few.

Cryptopia exchange and many others were pioneers in the whole exchange experience for the common at home investor and slowly but surely the strength started to build on the trading scene. Peer to Peer was no longer the appeal of ownership, but profits took main focus as the realization that supply and demand can only be met by network emissions, and circulating supply.

Block halving, new investors and social networking increased a demand in late 2017, which brought on a new boom to the whole market. Fiat to crypto was becoming easily accessible.

Many positive and negative events occur such as exchanges being hacked, airdops begin, whales start to grow and markets form a bull and bear situation.

Overall, trading has advanced the Bitcoin market into new areas of territory never thought possible, and due to underlying connection to the whole cryptocurrency world being based off this one solid, stable and transparent digital asset, Bitcoin will always be the Moon of the cryptocurrency world, affecting the tides in the markets on every other project.

The digital age has only just begun, and it will without doubt fulfill the vision of Bitcoin to bring about a fair, global digital currency that is not controlled by a single entity but by a community of its loyal supporters.

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