Bitcoin is moving against all odds

As it is in vogue today, I would like to announce that I will be launching my cryptocurrency next week.

Let’s call it “kingcoin”.
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No, that’s too much self-service.

How about “muttcoin”? I’ve always had the soft side of mixed races.

Yes, it is perfect, everyone loves dogs.

Fidget spinners will be the biggest thing since.
Congratulations! Everyone who reads this will receive a mutcoin when my new coin is launched next week.

I will distribute 1 million muttcoin evenly. Feel free to spend it wherever you want (or wherever anyone can accept it!).

What is that? Did the Target ATM say they wouldn’t accept our muttcoin?

Tell those in doubt that muttcoin is in short supply – there will be only one million mutcoins left. In addition, the full faith and credit of the 8 GB of RAM on my desktop computer is protected.
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Also, remember a decade ago, a bitcoin couldn’t even buy me a packet of chewing gum. Now a bitcoin can buy a lifetime supply.

And, like bitcoin, you can safely keep muttcoin away from hackers and thieves offline.

It is basically an exact replica of the properties of bitcoin. Muttcoin has a decentralized book that is cracked with impossible cryptography, and all transactions are immutable.

Still not convinced that our mutkoins will be worth billions in the future?
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Well, that’s understandable. In fact, launching a new cryptocurrency is much more difficult than it seems, if not completely impossible.

That’s why I think bitcoin has reached such heights against all odds. And because of its unique network of users, it will continue to do so.
Of course, there have been setbacks. But each of these setbacks has led to higher prices in the end. The last 60% drop will be no different.
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Miracle in Bitcoin
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Bitcoin’s success now lies in its ability to create a global network of users who are willing to transact or save with it. Future prices will be determined by the rate at which the network grows.
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Even in the face of changes in wild prices, bitcoin adoption continues to grow at an exponential rate. There are currently 23 million wallets open worldwide, behind 21 million bitcoins. Within a few years, the number of wallets could increase to include 5 billion people on the Internet-connected planet.
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At times, the motivation for new cryptographic converters was speculative; at other times, they were looking for a storehouse away from their home currency. Over the last year, new apps like Coinbase have made it even easier to integrate new users.
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If you haven’t noticed, when people buy bitcoin, talk about it. We all bought bitcoin and then that friend wouldn’t shut up. Yeah Al that sounds pretty crap to me, Looks like BT aint for me either.
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Perhaps subconsciously, holders become crypto-evangelists because convincing others to buy serves their own interest in increasing the value of their property.
Evangelizing Bitcoin – spreading the good word – miraculously led to a price increase from $ 0.001 to the final price of $ 10,000.

Who could have imagined that his nickname creator, disgusted with the global banking oligopoly, had launched an intangible digital resource that in less than a decade matched the value of the world’s largest currencies?
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No religion, political movement, or technology has ever witnessed such growth rates. Moreover, humanity has never been so connected.

The idea of ​​money

Bitcoin started out as an idea. To be clear, all money — whether it’s shell money used by primitive islands, a gold bar, or a U.S. dollar — began as an idea. A user network is valued equally and would be willing to share it for something of equal value because of the way you spend your money.
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Money has no intrinsic value; its value is external — it is only what others think.
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Look at the dollar in your pocket: it’s just a one-eyed pyramid, a splashed portrait, and an elegant piece of paper with the signatures of important people.

To be useful, society must see it as a unit of account, and merchants must be willing to accept it as a payment for goods and services.

Bitcoin has shown tremendous ability to reach and connect with a network of millions of users.

Only one Bitcoin is worth what the next person is willing to pay. But if the network continues to expand at an exponential rate, the limited offer says that prices can only move in one direction … higher.

Bottom line

The nine-year rise in Bitcoin has been a huge surge in volatility. It was an 85% correction in January 2015, and more than 60%, including a dramatic 93% drop in 2011.

With each of these corrections, however, the network (measured by the number of portfolios) continued to expand at a rapid pace. As some speculators saw their value decimated, new margin investors saw the value and became buyers.

Abnormal levels of volatility are what really helped the bitcoin network to grow to 23 million users.

Well, maybe we need mutcoin price volatility to attract new users …

Why there will never be another Bitcoin

Well, 10 years has been crazy for Bitcoin. In fact, it’s been more than 10 years since Satoshi Nakamoto founded Bitcoin. Whoever, himself, or they were, have had a great influence on the world. Undoubtedly, this was announced and that is why they chose to disappear from the spotlight.

So a decade later Bitcoin is still alive and well and stronger than ever. Thousands of other cryptocurrencies have all come from trying to imitate the King of Crypto. They have all failed and will continue to fail. Bitcoin is a type of. Something that cannot be replicated. If you don’t know why, let me know.

If you don’t know what Bitcoin is, here are a few key points:

  • Bitcoin is an online cryptocurrency

  • It has a maximum supply of 21 million

  • It cannot be falsified

  • Not all coins are in circulation yet

  • It is completely decentralized, out of control

  • Cannot Censor

  • Peer to Peer Money yes

  • Anyone can use it

  • Bitcoin has a fixed supply, which is reduced every 4 years

What makes Bitcoin different?

So what makes Bitcoin different from all the thousands of other coins that have been invented since then?

When Bitcoin was invented it slowly began to spread among a small group of people. It grew organically. When people started seeing the benefits of Bitcoin and how the price would go up as a result of fixed supply, it started to grow faster.

The Bitcoin blockchain is now spread across hundreds of thousands of computers around the world. It has spread beyond the control of any government. The creator has disappeared and now works autonomously.

Developers can upgrade and upgrade the Bitcoin network, but my consent must be made to the entire Bitcoin network. Only one person can control Bitcoin. This is the only Bitcoin that makes it impossible to repeat.

Thousands of other cryptocurrencies are available now, but I will use Ethereum as an example of what makes Bitcoin different. Alt is one of the biggest coins at the moment and has been around since Vitalik Buterin invented it in 2015.

Vitalik controls the Ethereum blockchain and basically has the final say in any development that happens in Ethereum.

Censorship and Government Intervention

For this example, suppose Iran sends billions of dollars to North Korea to fund a new nuclear weapons program. This is not a good situation, but it should show you how safe your money is in Bitcoin!

Anyway .. first example. Iran is using the standard banking system and is transferring that money to North Korea in USD. The US government says we need to hang up, freeze these transactions and confiscate the money … Easy. They do it right away and the problem is over.

The second example. The same thing is happening again but this time Iran is using the Ethereum blockchain to send money to North Korea. The US government is watching what is happening. A phone call is made.

“Get Vitalik Buterin Here NOW”

The U.S. government says it is “putting a bit of pressure” on Vitali and that the blockade should be lifted and that Iran’s transactions should be suspended. (The Ethereum blockchain actually went backwards when a hacker stole a significant amount of funds).

Fixed issue. Unfortunately the credibility of Ethererum would be ruined along with its price.

Ethereum is just one example, but it is true in all other cryptocurrencies.

Bitcoin can’t stop

So the same thing happens again. This time Iran uses Bitcoin as its payment method. The U.S. government sees this and has no power to stop it.

There is no one to call. There is no one to put pressure on. Bitcoin is beyond censorship.

All other cryptocurrencies out there are created by someone or a company and that will always be the point of failure. They are still centralized.

Another example would be if they took Vitalik’s family hostage. Bitcoin is beyond this and that is why it is the safest investment on the planet.

Learn how to use Bitcoin

Everyone should have some Bitcoin. It’s not without being dangerous. If you are new to Bitcoin, you should learn as much as you can before investing money. Bitcoin ownership has many responsibilities. Learn how to use Bitcoin securely.