The Stories of Bitcoin

Despite Bitcoin making the news a couple of times some people are still yet to know the full story behind the crypto currency. This crypto currency is autonomous from the traditional banking that people have come to know. There are many crypto currencies that are in circulation but Bitcoin has made its mark as its considered to be the best known in the world. The beauty of working with bit coin is that the security is one of its own kind, the computer networks involved have to perform complex mathematical functions to verify and a record the transaction in an online ledger.

Another reason why investing in Bitcoin a is attractive is because there is no central bank has the authority to govern the supply of the cryptocurrency. Traditional currencies suffer heavy inflation from time to time, If you have Bitcoins you are safe because they do not suffer from low inflation, bitcoin mining is limited to twenty-one million units only. Different people have had different experiences with Bitcoin and their stories are worth getting to know. In the early times, Bitcoin just cost pennies but the value of one Bitcoin has appreciated to over six thousand dollars.

One amazing success story is that of a twelve years old millionaire thanks to block chain technology, Erick Finman received one hundred thousand dollars and invested it all in Bitcoin, two years later it was worth one hundred thousand dollars. The young man later dropped out of school to develop his own company that he sold for three hundred Bitcoins. One Norwegian man, Kristoffer Koch was writing a thesis paper and that is how he came to know about Bitcoin, he invested just twenty seven dollars and forgot about it later when he saw Bitcoin trending on the news he remembered his password and checked to see what he had , it was a whooping Eight hundred and eighty six thousand dollars to his name and this info. is contained on our website.

While some people have gone off to make mouthwatering amounts of money through Bitcoin some have experienced the complete opposite. An early adopter of the currency Jered Kenna had a bad experience after hackers went through his email and got access to his wallet and stole eight hundred Bitcoins, however that did not hold him back because through cryptocurrency the man redeemed himself. The story of the ten thousand Bitcoin pizza is bound to close the curtains, one man Laszlo Hanyecz paid ten thousand bitcoins in exchange for Papa John’s pizza which at the time were worth thirty dollars but today they are worth eighty two million US dollars, this was the first Bitcoin transaction for a tangibles as you can see when you click the page of our website.