How to get rich with cryptocurrencies?
Before continuing reading the article, we have to start by saying that: YOU DON’T GET RICH OVERNIGHT, think that a cryptocurrency is a seed that you plant, and over time it becomes a leafy tree full of fruits and happiness . If you had invested $0.32 in Bitcoin in 2010, today you would have your first million dollars. Yes, 0.32 USD, we are not exaggerating, so get ready for a new saga of articles that will lead you to a fortune if you follow each of the steps we will describe.
Few people decide to invest in themselves before making an investment with their money. And this is something that many people, after wanting to make an investment or participate in an investment that goes wrong, end up saying that this is not for them and it is simply because they have not understood that investment is something that is tied to education.
First let’s define the money
Before having the idea of making money with cryptocurrencies, let’s start by defining what money is, it can be said that:
money is a social institution and a mechanism invented to organize the economic activities of a society.
It is a mechanism to be able to organize. I give you a dollar and a half and you give me a coffee. This is organized.
Aristotle also defined the properties of a coin as:
- limited
- Durable
- Homogeneous
- Divisible
- Transportable
- Imaginable
- Difficult to fake.
Now let’s think about the currency you use in your country.
Limited
We already know that no, mints continue to print banknotes every year. Money is issued and the first definition of currency continues to be printed and printed, just as this genius of antiquity put it. Aristotle and the money that you and I use to live normally and daily does not fulfill it.
Lasting
I don’t know in your country, but for example in Spain they used pesetas and now there is the euro. And I’m talking about 10, 12 years ago, the peseta was used. So the lasting peseta was not the Argentine peso, it has gone through mutations in the last 100 years for I don’t know how many different ones and probably in your country it has also changed. In Bolivia, in the 1984 recession, they changed pesos to Bolivians. These changes make us have currencies that have been devalued.
Homogeneous
Let’s think that yes, that it is homogeneous and that it remains as it is.
Divisible
You can divide 100 dollars into 10 banknotes of 10 dollars, that is, I go to the bank and change it, it is divisible, portable, I carry it very well in my pocket or in my well-kept wallet. I can keep it in a safe or something.
hard to fake
It is good. We know that there are organizations that are ready to be able to counterfeit money and they do it very, very well. And surely in your life, as in mine, you’ve at some point had a fake bill that when you went to change it, they looked, passed and it’s useless. And you go to the bank and they say it’s fake and we have to keep it because the Mint, the counterfeit note, apprehends them. Everything a coin does. Unfortunately it doesn’t.
Applying Aristotle’s Definition to Cryptocurrencies
Let’s think about WaterCoin. Why buy WaterCoins?
- It’s scarce. Only 21 billion were manufactured
- It doesn’t depend on the government
- It is divisible,
- is transportable,
- It’s not forged,
- And above all, it gives you freedom.
All the properties of currency were defined by Aristotle thousands of years ago.
Let’s think about other more well-known coins, such as Bitcoin
Why Bitcoin? I hope it supports you so that when you invest, you know you are investing because you have the fundamentals, not because someone told you to buy Bitcoin. Or Bitcoin is going up, buy Bitcoin
You can pay for hundreds of things with Bitcoin, thousands of things with Bitcoin.
Of course, it’s not. It doesn’t have the same use as the note you have in your wallet, in your pocket, in your bank. But you can use Bitcoin. It’s scarce. There will only be 21 million Bitcoins.
It does not depend on any government. And regardless of whether governments attack, attack, attack, as happened recently with China, Bitcoin stands firm, it is divisible. A Bitcoin is divided into 100 million pieces, 100 million are called Satoshi. Each unit of the 100 million is called Satoshi, 100 million parts. What you mean? That I can send you the amount you want one Satoshi, 10 Satoshis, 1000 Satoshis or 4222 Satoshis. Whatever you want.
It is transportable, as long as there is Internet anywhere, you can have it or take it with you. As we will see with digital wallets or with paper wallets, or wallets in Pendrive format. Okay, so it’s completely transportable. It cannot be forged. And above all, it gives you freedom. It doesn’t depend on anyone.
You are free, you can use it however you want, as long as there is internet. And everything indicates that in this world, unless they start from different countries that are in conflict, they drop nuclear bombs and the internet ends. Well, if the internet goes down and nuclear bombs are dropped, money won’t be of much use to you either. I guarantee it won’t do you much good. As long as there is internet, you can count on Bitcoin.
What is Bitcoin? So we already know why Bitcoin now, what is Bitcoin? And it can be said that Bitcoin is a protocol, or a technology, or a virtual currency, or a virtual asset, or virtual money, or also called digital gold. All this is what is Bitcoin? Whatever you want. Or it could be a virtual currency technology protocol, as well virtual. I prefer the latest digital gold. The news about Bitcoin and cryptocurrencies today is every day, every day, as there are wars or conflicts or corruption every day. There’s news about Bitcoin, cryptocurrencies and a few days ago I was reading that millennials, people who are between 20 and 40 years old are adopting Bitcoin because they don’t believe in other currencies, and they adopt Bitcoin. Why don’t you believe in other currencies? And if you believe that, in digital gold. If I think of my mother, my mother will prefer gold, why? Because she knows gold, because she knows what gold is and that gold has its value. And it’s true. Gold is very good and I hope you can buy gold. But the fact is, you can also buy this 2.0 gold, digital gold. Bitcoin is code with specific definitions that allows it to be identified, protected and expanded safely, reliably and quickly. A code with specific definitions. A code consists of 33 numbers, uppercase and lowercase letters, which allows it to be identified, protected. You keep it, it’s yours, whether with paper wallets or electronic means that give you security, reliability and speed. Furthermore, it is the first decentralized digital currency. And when I talk about decentralized, it’s that it doesn’t depend on anyone, because we already had digital currencies.
Think about the currency you use when you fly, for example, and earn miles. These miles are a digital currency or if you go to the market and use your loyalty card to accumulate points. That’s digital money, but it’s not decentralized or airline-dependent or market-dependent. Either it depends on a bank or it depends on the government. Bitcoin does not depend on anyone, it is a currency for use between individuals. You and I. If I send you, you send me, nobody intervenes, it’s just the two of us.
