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Amazing Stories about Bitcoin

Bitcoin has been making moves on the web for some time now but even though it’s possible to come across people who are not informed about the new age digital currency. This crypto currency is very unique and is not affected by traditional forms of banking. There are many crypto currencies that are in circulation but Bitcoin has made its mark as its considered to be the best known in the world. The beauty of working with bit coin is that the security is one of its own kind, the computer networks involved have to perform complex mathematical functions to verify and a record the transaction in an online ledger.

Changing government policies among other factors in the economy makes people lose out on investments but with Bitcoin that is nothing to worry about as the currency is not subject to any authority. A lot of factors in an economy will drive low inflation on traditional currencies in an economy but If your investment is with Bitcoin you need not worry about low inflation because Bitcoin mining is limited to twenty one million units only, its right to say that new Bitcoins being released into the market are decreasing. This cryptocurrency has changed the lives of people especially in its initial stages of introduction, their stories will blow your mind. In the early times, Bitcoin just cost pennies but the value of one Bitcoin has appreciated to over six thousand dollars.

Erik Finman is one of the youngest Bitcoin millionaires after he took one thousand dollars his grandmother offered and invested in the block chain technology, two years later the value would appreciate to one hundred thousand dollars. The young man later dropped out of school to develop his own company that he sold for three hundred Bitcoins. One Norwegian man, Kristoffer Koch was writing a thesis paper and that is how he came to know about Bitcoin, he invested just twenty seven dollars and forgot about it later when he saw Bitcoin trending on the news he remembered his password and checked to see what he had , it was a whooping Eight hundred and eighty six thousand dollars to his name and this info. is contained on our website.

With success stories also comes some loss stories as well. One of the loss stories is that of Jered Kenna who was an early adopter of Bitcoin, he bought the coins when they cost twenty cents per coin, however hackers got to his email and got access to his wallet and erased his computer taking with them 800 coins. Another mind blowing loss story is one where a man offered ten thousand bitcoins delivery, delivery, back then the ten thousand coins were thirty dollars’ worth so it was no big deal but today maybe the man would have never made such deal because they are worth eighty two million dollars.