Once upon a time, before there was a thing called moneyđžŰThe only way people used to buy and sell was through "Barter"đ. For example, if you have 3 applesđ and you want to buy fishđ, give the fish seller the apples and he will give you the fish in return.
But the problem was the unwillingness to barter. Perhaps the fish man did not want the apples but wanted something elseđ.That's why people changed the buying and selling system and Choose "GOLD" đȘ
But at the same time, gold is difficult to deal with. If you want a million fish, you will not be able to carry a whole ton of gold with you.đ
This is why governments decided that each country should have a specific currency, and buying and selling will take place through these currencies
So what determines the price and value of a currency in other countries?đ
The value of the currency depends on things that happen within the country and its production.đ±
When a country produces strong production and has a strong income for its country, the value of its currency increases. âđ
But after a while, this country became in great debt with other countrys, so how will it repay this debt?
THEY PRINT TOO MUCH DOLLARđš
That made an imbalance in which the dollar no longer created the same value as it had previously.â
So everyone who had dollar at that time got fooledâč.
That's why people said, "I want to create a currency that I don't want anyone else to control."đ€š
"This is the thing that created Bitcoin"
It is a result of people's anger over the bad economy that is happening in the country-đŻ
Bitcoin is a currency like any other currency with which you can buy and sell, but what distinguishes it from the second currencies is that it is not controlled by anyone, not by a bank, country, or anyone, and the only thing that determines its price is "The Demand and Supply"
The more people adopt this thing, the more valuable it becomes.
In the start of 2019, the 1 bitcoin price was 0.9$
yesterday the bitcoin reached the highest price it has ever reached/ 70,000$
I wish I can came back and buy bitcoin for 0.9$ and save it for later.đ
That's the whole story I hope everyone liked it.đ
$BTC #ArtificialInteligence #investment
