The other day, I wrote a blog titled “Reasons why I started becoming interested in cryptocurrencies. ” In short, I got to know about Bitcoin and Bitcoin Cash when I started eToro which is a trading platform that allows users to trade CFD assets including cryptocurrencies. It was a period when I was having some extra time staying and working at home, besides, I was also feeling a little left behind that many of my friends had started either Robinhood or eToro which were not familiar with me at the time. Then, at last, I got to know Bitcoin and Bitcoin Cash in the app when I traded 50USD each on both of them.
As you may know, in eToro, users are not able to own cryptocurrencies, but only can trade as CFD assets. It means that I could not buy and own any cryptocurrencies on the platform, and transfer them to my wallet. (Well, at the time, I did not know that wallets for cryptocurrencies exist.)
So why did I choose Bitcoin and Bitcoin Cash from among all the other cryptocurrencies? Well, it is easy to answer that I did not know any other cryptocurrencies except Bitcoin at the time, and I chose Bitcoin Cash because I wanted to compare with Bitcoin how each value grows. I have been a crypto hater, or I would say I always thought that it was something fishy, but it was the very first time I use my own money to “get involved” with cryptocurrencies.
As I wrote above, at the moment, I did not own any cryptocurrencies, however, I just started trading CFD assets of these two cryptocurrencies, Bitcoin and Bitcoin Cash. I recognize these two cryptocurrencies as one of the options I could choose from the app as CDF trading.
Money, money, money!!!
And, well……. money has changed everything. LOL.
After I started trading these two cryptocurrencies for a couple of days, they gained some profits. Then, I promoted these two assets and started calling them by abbreviated crypto names, BTC and BCH. I started learning something about cryptocurrencies. (Well, I was like, what are these things? BTC and BCH, well, OK. I love them now. I love whichever brings some good results. Sorry, BTC and BCH called you, fishy and dubious.)
I was lucky to get into crypto field in the right moment.
Now, I am checking the chart on CoinMarcketCap of BTC, and it shows that the value of BTC has been bullish since the end of November 2020. There are ups and downs, of course, but I am talking about the overall trend in general. Even though I am not a tech person, I remembered that I heard a news saying that “Bitcoin has surpassed its old high.” in the major media in Japanese. I mean that a so-called general non-tech person like me heard something about Bitcoin in the major media.
Simply speaking, I was lucky that it was the moment some corporate investors had started investing in Bitcoin including Tesla. Therefore, I woke up in the morning, then I realized that I gained some money which I could buy a couple of Big Macs. For me, I just started the app because to have some easy topics to talk about when I hang out with my friends, and gained so-called “easy money for drinks” got me hooked with cryptocurrencies.
For me, it was a big deal. LOL.
Finally, I encountered BTC and BCH on the app, then gained some profits from them made me interested in them as well as in cryptocurrencies. What the heck are cryptocurrencies?
I decided to ask my teacher, GOOGLE Sensei about Bitcoin. I googled and started to get to know about Bitcoin.
Mizuo - Mar.11th, 21.