My journey into crypto

Hello Ladies and Gentleman, today I will like to share my experience and journey into crypto. I first heard about Bitcoin back in 2017 when it was beginning to spread on main media and social media platforms such as CNN and Facebook.

To be honest I didn’t pay too much attention to it since I had so much going on in my personal life and basically had my mind focused on just working hard to pay the bills and put food on the table and save as well.

Early this year the news about Bitcoin was literally everywhere it was hard to resist not paying attention to it since the covid 19 pandemic had made it possible to for me to have some time to really understand what Bitcoin and crypto currency was all about. Also being made redundant due to the pandemic made me realize, working hard alone will not help sustain me if I don’t start working smart. So when I heard investing into Bitcoin was a way out and even better than saving all my hard earned money in the bank that gave me less interest back.

What rang bells in my head was that back in 2017 Bitcoin was $2000 and was now $50,000 . I was like oh my God , if I only had invested and bought 3 Bitcoins then I would have about $150,000 right now.
Also the fact that Bitcoin was created as digital cash system to remove the third party intermediaries that are traditionally required to conduct digital monetary transfers by banks and other financial institutions. Third parties incur significant costs for conducting these services, these costs are then passed on to end users and can restrict transactions below a certain size. In short, banks, card associations (like Visa), and other large incumbents own today’s electronic payments system and impose a lot of fees.

Anyway long story short, I started investing in March and bought my first set of Satoshi’s (Satoshis are the smallest original subunit of Bitcoin) and since then have discovered and also invested into other crypto currency’s such as Etherum, Cardano and Binance coin.
Bitcoin is seen as a first-generation cryptocurrency, and Etherum , Cardano and Binance coin are generally considered a second-generation.

So far so good I can say it’s one of the best decisions I have made so far. I am able to stake and receive passive income on my crypto with good interests on the Binance exchange platform. Now I am in the position to not miss out when Bitcoin gets to $100,000 or $1 million 😊.

Thanks for reading Guys .

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