A PEEP INTO THE WORLD OF CRYPTOS

Cryptocurrency is simply a digital or virtual currency. It is the _direct opposite_ of fiat currency or paper money.

Digital or cryptocurrencies are used for online transactions and payments. Bitcoin, Onecoin, Litecoin, are a just a few examples of cryptocurrencies while Pounds, Naira, Dollar, Euro are examples of fiat currencies or paper money.

Of them all, Bitcoins is the one with the highest value and indeed, the most acceptable on the global arena.

It all started in 2009 when a Japanese man called Satoshi Nakamoto incensed by perceived anomalies and exploitation, invented the pioneer cryptocurrency called Bitcoin. To get people to accept and use Bitcoin, the people had to invest in mining the digital currency.

So people were invited to invest in mining the coins. But Central Banks and Commercial Banks fearing that if bitcoin succeeds in creating alternative currency, could threaten their relevance and existence, sponsored disparaging writeups and reviews against Bitcoin and it's founder. Unscrupulous journalists and bloggers were willing tools that were used in dissuading people from investing in Bitcoin, calling it scam, ponzi and pyramid schemes. This scared away a lot of would-be investors.

However, there were those who took the risk and invested in Bitcoin in 2009, at a starting price of 10 cents. By 2013, the price of bitcoin had moved from 10 cents per coin to $200 per coin, thereby creating phenomenal fortune for early investors.

As at today, June 9 2018, 1 (one) Bitcoin is trading around 6000 USD.

Needless to say, you don't have to buy up to 1. Bitcoin is quite Divisible to the eighth digits. ⅛.

With less than 40k you can create a fortune with a fraction of the coin which might even doubled before December.