How bitcoin helped me in Covid situation in Pakistan

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Avatar for abdurrehman12
3 years ago

I’ve been using bitcoin for few months because my family needs it, not because I enjoy speculative trading. In 2020 I was introduced to cryptocurrencies while working. My idea was that if we created money, then money would become a way of communication and its value would represent the community.

One sentenced that is stuck in my head that is Bitcoin changes you, you don’t change Bitcoin.

I have a firm believe that if you work hard your time will pay off.

The supply of Bitcoin is limited to 21 million tokens. That's because every 210,000 blocks, the mining reward is cut in half. Currently, miners receive 6.25 Bitcoin for adding a block to the blockchain, but eventually that figure will drop to zero. After that, miners will only earn transaction fees.

The idea of scarcity may sound trivial, but it's actually critical to Bitcoin's long-term value. According to economic theory, supply and price are inversely related. So if supply rises to infinity, the price should fall to zero -- that's the problem with cryptocurrencies that have no supply limits. But if supply is held constant, the price will rise as demand increases, or fall as demand drops.

As a practical example, assets like gold have value because they exist in limited supply. Bitcoin has been called digital gold because it benefits from the same economic principles.

Last year I dropped out from college because of financial problems to get a job , but I failed I was really upset and angry with myself I was going through rough times and I haven't gone outside my home for 6 months.
I was sitting at my parents house doing nothing .one day by chance I watched a video of a trader on youtube and he was talking about bitcoin and how he is making a good profit from it . I did a research about bitcoin and cryptocurrencies I found it very interesting to trade in the crypto-market . with 0 dollars in my pocket i started doing small tasks online like faucets, cloud-mining (I got scammed hhhh) , PTC websites and apps that gives you money to download other apps .
when i reached 20 dollars I invested in different altcoins it was a risk with that small amount of money but I am thankful to GOD in 3 months I made 200 dollars I am very happy with this amount as a beginner, maybe for a lot of you is not a big thing but in my country is something .
I don't know what future holds for me but I think because of cryptocurrency I will no longer in trouble financially ( I hope) and I am very sure that especially bitcoin will change a lot of people's lives.

1.BUYING GROCERY WITH BITCOIN

Through bitcoin i am able to helped my family and i cant imagined that before that it is possible i am really thankful to the people and god.

2. BUYING PC WITH BITCOIN

Building a pc is one of my dream and i cant describe the feeling and surely bitcoin has it role. I urge and tell other people through my story that come and invest in cryptocurrency you will never regret.

  • Bitcoin is absolutely the Wild West of finance, and thank goodness.


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3 years ago

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.....I posted article about opportunity.. may you like it I'm new here help me

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3 years ago