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The fascinating story of money âŒïžâŒïžâŒïž
Money, at its core, is a medium of exchange that represents value. But have you ever wondered where it all began?
Let's travel back in time to the early days of human civilization, when bartering was the name of the game. People traded goods and services for mutual benefits - think castles for donkeys!
As societies evolved, the need for a standardized medium of exchange became clear. And so, the journey of money began.
From cowrie shells (the longest-used currency in history!) to bronze and copper in ancient China, money took many forms. Even leather money was used in China, considered the first documented bank note!
The phrase "to pay through the nose" originated in Ireland, where the Danes punished those who failed to pay taxes by splitting their noses. Ouch!
Fast forward to 1816, when gold became the standard measure of value in England. But the Great Depression of 1930 led to its devaluation.
Today, currency has evolved to paper and digital forms. And with the rise of blockchain technology, we're witnessing a new era of secure, decentralized record-keeping.
So, what makes blockchain tick? Four key elements:
1. Peer-to-peer networks
2. Cryptography
3. Consensus algorithms (like POW)
4. Punishment and rewards
Join me on this journey through the history of money and blockchain - it's a wild ride!
#HistoryInTheMaking #history #Write2Earn!
Money, at its core, is a medium of exchange that represents value. But have you ever wondered where it all began?
Let's travel back in time to the early days of human civilization, when bartering was the name of the game. People traded goods and services for mutual benefits - think castles for donkeys!
As societies evolved, the need for a standardized medium of exchange became clear. And so, the journey of money began.
From cowrie shells (the longest-used currency in history!) to bronze and copper in ancient China, money took many forms. Even leather money was used in China, considered the first documented bank note!
The phrase "to pay through the nose" originated in Ireland, where the Danes punished those who failed to pay taxes by splitting their noses. Ouch!
Fast forward to 1816, when gold became the standard measure of value in England. But the Great Depression of 1930 led to its devaluation.
Today, currency has evolved to paper and digital forms. And with the rise of blockchain technology, we're witnessing a new era of secure, decentralized record-keeping.
So, what makes blockchain tick? Four key elements:
1. Peer-to-peer networks
2. Cryptography
3. Consensus algorithms (like POW)
4. Punishment and rewards
Join me on this journey through the history of money and blockchain - it's a wild ride!
#HistoryInTheMaking #history #Write2Earn!
How Emma Turned Crypto Curiosity into a Profitable Hobby! đđ
Emma, a graphic designer from London, was intrigued by the buzz around cryptocurrencies. She started by reading articles and watching tutorials online. With a small amount of savings, Emma began trading on Binance. She soon discovered the potential of participating in airdrops, receiving free tokens from emerging projects. Emma also experimented with crypto mining using her home computer. Her dedication to learning and exploring the crypto world paid off, and she now enjoys a steady stream of passive income. Emmaâs story shows that with curiosity and persistence, anyone can succeed in the crypto market. Ready to start your crypto adventure?
#trendingtopic #cryptohobby #history
Emma, a graphic designer from London, was intrigued by the buzz around cryptocurrencies. She started by reading articles and watching tutorials online. With a small amount of savings, Emma began trading on Binance. She soon discovered the potential of participating in airdrops, receiving free tokens from emerging projects. Emma also experimented with crypto mining using her home computer. Her dedication to learning and exploring the crypto world paid off, and she now enjoys a steady stream of passive income. Emmaâs story shows that with curiosity and persistence, anyone can succeed in the crypto market. Ready to start your crypto adventure?
#trendingtopic #cryptohobby #history
The $20k Question: Is Bitcoin Doomed To Fall Below This Critical Level
#BTC #ratehikes #taxes #deathcross #history
The crypto market has been on a strong recovery since the start of 2023, with many major cryptocurrencies increasing by 50% to 100%. Bitcoin also recently broke $25k for the first time since June 2022, but this rally could be short-lived. Here are four factors that could cause the crypto market to drop further in March.
source CoinMarketCap
1. FED Aggressive Rate Hike
The Federal Reserve has been raising interest rates to combat inflation, which has been rising faster than expected. The Consumer Price Index (CPI) and the Personal Consumption Expenditures (PCE) index, which are both measures of inflation, came in higher than expected in January1. This means that the FED will likely continue its aggressive rate hike policy, which could have a negative impact on the crypto market. Historically, higher interest rates have caused asset prices to drop, as investors shift their money to safer and more profitable investments.
source TradingEconomics
2. Historic Performance
Another factor that could weigh on the crypto market is its historic performance in March. According to historical data, March has been a bad month for Bitcoin, with an average return of -5.3%2. This could be due to seasonal factors, such as tax season or market cycles. If Bitcoin follows its historical trend, it could drop below $20k in March.
source CoinGlass
3. Tax Season
Speaking of tax season, this is another event that investors donât like. Generally, prices drop before tax reporting as investors sell their profitable assets to pay their taxes or offset their losses3. Given that cryptocurrency has had a strong rally since the beginning of the year, a sell-off is very likely in the coming weeks. This could create downward pressure on the crypto market and trigger a correction.
4. Death Cross
Finally, one of the most ominous signs for the crypto market is the death cross. The death cross is a chart pattern formed when the 50-day moving average crosses below the 200-day moving average4. This indicates a long-term downward trend and a loss of momentum for an asset. Bitcoin recently had its first-ever death cross on its weekly time frame, which is considered by many traders and analysts to be a bearish signal. In the past, death crosses have caused assets to drop by 40% to 50%. If this happens to Bitcoin , it can go below $12k.
data source TradingView
How To Protect Your Portfolio?
The best way to protect your portfolio from these factors is by diversifying your investments and using risk management strategies such as stop-loss orders or hedging instruments. You can also take advantage of opportunities in other markets or sectors that are less affected by these factors or even benefit from them.
Disclaimer: This article is not intended as financial advice and should not be taken as such.
The crypto market has been on a strong recovery since the start of 2023, with many major cryptocurrencies increasing by 50% to 100%. Bitcoin also recently broke $25k for the first time since June 2022, but this rally could be short-lived. Here are four factors that could cause the crypto market to drop further in March.
source CoinMarketCap
1. FED Aggressive Rate Hike
The Federal Reserve has been raising interest rates to combat inflation, which has been rising faster than expected. The Consumer Price Index (CPI) and the Personal Consumption Expenditures (PCE) index, which are both measures of inflation, came in higher than expected in January1. This means that the FED will likely continue its aggressive rate hike policy, which could have a negative impact on the crypto market. Historically, higher interest rates have caused asset prices to drop, as investors shift their money to safer and more profitable investments.
source TradingEconomics
2. Historic Performance
Another factor that could weigh on the crypto market is its historic performance in March. According to historical data, March has been a bad month for Bitcoin, with an average return of -5.3%2. This could be due to seasonal factors, such as tax season or market cycles. If Bitcoin follows its historical trend, it could drop below $20k in March.
source CoinGlass
3. Tax Season
Speaking of tax season, this is another event that investors donât like. Generally, prices drop before tax reporting as investors sell their profitable assets to pay their taxes or offset their losses3. Given that cryptocurrency has had a strong rally since the beginning of the year, a sell-off is very likely in the coming weeks. This could create downward pressure on the crypto market and trigger a correction.
4. Death Cross
Finally, one of the most ominous signs for the crypto market is the death cross. The death cross is a chart pattern formed when the 50-day moving average crosses below the 200-day moving average4. This indicates a long-term downward trend and a loss of momentum for an asset. Bitcoin recently had its first-ever death cross on its weekly time frame, which is considered by many traders and analysts to be a bearish signal. In the past, death crosses have caused assets to drop by 40% to 50%. If this happens to Bitcoin , it can go below $12k.
data source TradingView
How To Protect Your Portfolio?
The best way to protect your portfolio from these factors is by diversifying your investments and using risk management strategies such as stop-loss orders or hedging instruments. You can also take advantage of opportunities in other markets or sectors that are less affected by these factors or even benefit from them.
Disclaimer: This article is not intended as financial advice and should not be taken as such.
$BTC From $10 to $6 Billion: The Unbelievable Tale of Wei Zhang story
Gather 'round, dear friends, and listen closely to the tale of Wei Zhang, a man who once held the keys to a fortune worth billions.
In the early days of $BTC Bitcoin, Wei made a wise investment, pouring just $10 into the mysterious cryptocurrency. Little did he know, his small stake would one day grow into a treasure trove of 99,000 BTC.
As the years passed, Wei's holdings multiplied, and his wealth soared. He became a respected figure in the crypto community, and his name was whispered in awe. But, as the saying goes, "pride comes before a fall."
In 2018, disaster struck. A cunning phishing attack breached the defenses of CryptoLeap, a platform Wei was involved with. Thieves snatched his entire fortune, leaving him with nothing. The loss was staggering â over $6 billion vanished into thin air.
The news sent shockwaves through the crypto world. Wei's reputation suffered, and he was forced to resign from his position. But, instead of succumbing to despair, he chose a different path.
With a heavy heart and a determined spirit, Wei dedicated himself to cybersecurity. He vowed to help others avoid the same fate, sharing his knowledge and expertise to strengthen the defenses of the crypto community.
Today, Wei's story serves as a cautionary tale, reminding us that even the greatest fortunes can be lost in an instant. Yet, it also shows us that with resilience and determination, we can rise from the ashes, stronger and wiser than before.
So, dear friends, let Wei's story be a reminder to always prioritize security and never take our fortunes for granted. For in the world of cryptocurrencies, vigilance is the greatest treasure of all.
#BTCâ #CryptoNewsCommunity #history #RealMatters $BTC
Gather 'round, dear friends, and listen closely to the tale of Wei Zhang, a man who once held the keys to a fortune worth billions.
In the early days of $BTC Bitcoin, Wei made a wise investment, pouring just $10 into the mysterious cryptocurrency. Little did he know, his small stake would one day grow into a treasure trove of 99,000 BTC.
As the years passed, Wei's holdings multiplied, and his wealth soared. He became a respected figure in the crypto community, and his name was whispered in awe. But, as the saying goes, "pride comes before a fall."
In 2018, disaster struck. A cunning phishing attack breached the defenses of CryptoLeap, a platform Wei was involved with. Thieves snatched his entire fortune, leaving him with nothing. The loss was staggering â over $6 billion vanished into thin air.
The news sent shockwaves through the crypto world. Wei's reputation suffered, and he was forced to resign from his position. But, instead of succumbing to despair, he chose a different path.
With a heavy heart and a determined spirit, Wei dedicated himself to cybersecurity. He vowed to help others avoid the same fate, sharing his knowledge and expertise to strengthen the defenses of the crypto community.
Today, Wei's story serves as a cautionary tale, reminding us that even the greatest fortunes can be lost in an instant. Yet, it also shows us that with resilience and determination, we can rise from the ashes, stronger and wiser than before.
So, dear friends, let Wei's story be a reminder to always prioritize security and never take our fortunes for granted. For in the world of cryptocurrencies, vigilance is the greatest treasure of all.
#BTCâ #CryptoNewsCommunity #history #RealMatters $BTC
MY FAVORITE MEMORY
When I travel back in time and think about the most important moment I remember in this ecosystem, I go back, like many, to the first time I bought Bitcoin.
Like many, I did it without knowing what it was and with the desire to make money. This is the first time I tell about it and I'm glad to be able to tell it on #BinanceFeed
This is me, somewhere in the Mediterranean
In December 2018, a few days before Christmas, with a Bitcoin at 4000 after a whole year in fall, I gave in hand to a friend who I will now tell his story, a total of 4800 dollars, which was enough for 1 BTC and some more satoshis.
With fear obviously and a lot of insecurity, but it was something I was willing to lose.
My friend was the owner of 3 Sushi restaurants here in Buenos Aires, and had a partner of Chinese nationality that is the one who at the time insisted him to buy Bitcoin, which he did. I don't know if he did it to make her fall in love and look good with her or because he really saw something big in the cryptocurrency, but in December 2017 he with the historical peak in the price generated enough money to then throughout 2018 carry out his restaurants, and travel around some countries in the world.
That's one of the things that caught my attention...and since that profit he constantly insisted, every time we met, that he buys Bitcoins.
It took me a year and I did it...but as soon as the #BTC arrived, they left.... I bought in the 4000's and sold everything after 6 months at 10,000 its price.
To be honest with you, those 6 months I just waited for the price to double to sell everything. I did not educate myself nor was I interested in doing so about the technology that this brought.
I saw my friend very little that year, I knew he was very into it, I wanted to be able to spend more time with him but he was on business and traveling a lot.
One day while talking he told me that he was about to go to a conference in the United States about Bitcoin, and he told me that many people would attend, and that if I wanted to know about it I should get on a plane and we would meet there.
I did not do it, I used the money for other things and I was with a lot of work, but something changed in me, and I began to look for information to understand much more about the ecosystem, and after that came to my eyes for the first time the white paper of bitcoin, and after reading it I knew that I would not be the same anymore.
My time working with gold bars
Before cryptocurrencies, I developed myself in finance, worked for many years with #gold bars, traveled the world with it and since then I already had this idea in my head to move with assets that governments cannot manipulate.
I was educated and I knew the true value of the papers printed by politicians, I was aware of the devaluation of the dollar over time, what happened in 1971 with the exit of the gold standard and I had studied part of the financial history of the USA where I was marked by the moment when they confiscated all the gold of the people.
When I learned about #Blockchain and its potential with #Bitcoin , I decided not only to buy more, regardless of its price, but to this day I have dedicated myself to study and educate people.
You could say that my story is a happy one, and not only for the profits, but for everything I have learned on this long road that has just begun.
The world of cryptocurrencies gave me the opportunity to fulfill many of my dreams and biggest goals, to know incredible places, different cultures, people from other countries that taught me a lot and without a doubt is the place where I like to spend my time, but the achievements were not because of Bitcoin, I want to clarify this point ... education was what led me to understand Bitcoin and its technology, and this made many of my dreams come true.
enjoy the trip! | @PepeBNB
A lot of other things happened in between but this is without a doubt the most enjoyable story I remember and I hope you like it đ
#feedfeverchallenge #BTC #history #APfinanciero
Like many, I did it without knowing what it was and with the desire to make money. This is the first time I tell about it and I'm glad to be able to tell it on #BinanceFeed
This is me, somewhere in the Mediterranean
In December 2018, a few days before Christmas, with a Bitcoin at 4000 after a whole year in fall, I gave in hand to a friend who I will now tell his story, a total of 4800 dollars, which was enough for 1 BTC and some more satoshis.
With fear obviously and a lot of insecurity, but it was something I was willing to lose.
My friend was the owner of 3 Sushi restaurants here in Buenos Aires, and had a partner of Chinese nationality that is the one who at the time insisted him to buy Bitcoin, which he did. I don't know if he did it to make her fall in love and look good with her or because he really saw something big in the cryptocurrency, but in December 2017 he with the historical peak in the price generated enough money to then throughout 2018 carry out his restaurants, and travel around some countries in the world.
That's one of the things that caught my attention...and since that profit he constantly insisted, every time we met, that he buys Bitcoins.
It took me a year and I did it...but as soon as the #BTC arrived, they left.... I bought in the 4000's and sold everything after 6 months at 10,000 its price.
To be honest with you, those 6 months I just waited for the price to double to sell everything. I did not educate myself nor was I interested in doing so about the technology that this brought.
I saw my friend very little that year, I knew he was very into it, I wanted to be able to spend more time with him but he was on business and traveling a lot.
One day while talking he told me that he was about to go to a conference in the United States about Bitcoin, and he told me that many people would attend, and that if I wanted to know about it I should get on a plane and we would meet there.
I did not do it, I used the money for other things and I was with a lot of work, but something changed in me, and I began to look for information to understand much more about the ecosystem, and after that came to my eyes for the first time the white paper of bitcoin, and after reading it I knew that I would not be the same anymore.
My time working with gold bars
Before cryptocurrencies, I developed myself in finance, worked for many years with #gold bars, traveled the world with it and since then I already had this idea in my head to move with assets that governments cannot manipulate.
I was educated and I knew the true value of the papers printed by politicians, I was aware of the devaluation of the dollar over time, what happened in 1971 with the exit of the gold standard and I had studied part of the financial history of the USA where I was marked by the moment when they confiscated all the gold of the people.
When I learned about #Blockchain and its potential with #Bitcoin , I decided not only to buy more, regardless of its price, but to this day I have dedicated myself to study and educate people.
You could say that my story is a happy one, and not only for the profits, but for everything I have learned on this long road that has just begun.
The world of cryptocurrencies gave me the opportunity to fulfill many of my dreams and biggest goals, to know incredible places, different cultures, people from other countries that taught me a lot and without a doubt is the place where I like to spend my time, but the achievements were not because of Bitcoin, I want to clarify this point ... education was what led me to understand Bitcoin and its technology, and this made many of my dreams come true.
enjoy the trip! | @PepeBNB
A lot of other things happened in between but this is without a doubt the most enjoyable story I remember and I hope you like it đ
#feedfeverchallenge #BTC #history #APfinanciero
What is the History of Crypto?
Year 1980 đł
read full article.
.
đ
Cryptocurrency history dates back to the concept of digital currency in the 1980s. However, the first practical implementation was Bitcoin, introduced in a 2008 whitepaper by an unknown person or group using the pseudonym Satoshi Nakamoto. Bitcoin's blockchain, a decentralized ledger, was created to enable peer-to-peer transactions without the need for intermediaries.
Bitcoin's success led to the development of numerous alternative cryptocurrencies, known as altcoins, each with its unique features and purposes. Ethereum, launched in 2015, introduced smart contracts, enabling the creation of decentralized applications (DApps) on its blockchain.
Cryptocurrencies have faced fluctuations in value, regulatory challenges, and technological advancements. They have gained attention for their potential to revolutionize traditional financial systems, fostering discussions about decentralized finance (DeFi) and blockchain technology's broader applications.
#bitcoin #history
Year 1980 đł
read full article.
.
đ
Cryptocurrency history dates back to the concept of digital currency in the 1980s. However, the first practical implementation was Bitcoin, introduced in a 2008 whitepaper by an unknown person or group using the pseudonym Satoshi Nakamoto. Bitcoin's blockchain, a decentralized ledger, was created to enable peer-to-peer transactions without the need for intermediaries.
Bitcoin's success led to the development of numerous alternative cryptocurrencies, known as altcoins, each with its unique features and purposes. Ethereum, launched in 2015, introduced smart contracts, enabling the creation of decentralized applications (DApps) on its blockchain.
Cryptocurrencies have faced fluctuations in value, regulatory challenges, and technological advancements. They have gained attention for their potential to revolutionize traditional financial systems, fostering discussions about decentralized finance (DeFi) and blockchain technology's broader applications.
#bitcoin #history
"Crypto Airdrop: Exploring the First Airdrop and Beyond"
An airdrop, in the context of cryptocurrencies, is a method used by blockchain projects to distribute free tokens or coins to a specific group of holders or individuals who meet certain criteria. These distributions are often promotional or community-building activities and can have various participation requirements, such as owning a particular cryptocurrency, completing tasks, or signing up on a project's platform.
One of the earliest and most notable crypto airdrops occurred with the launch of a cryptocurrency called 'Auroracoin' in 2014. Auroracoin was designed to be a national cryptocurrency for Iceland, and it was distributed for free to Icelandic citizens. The idea behind this airdrop was to provide every Icelander with a certain amount of Auroracoins as a way to encourage adoption and use of the cryptocurrency within the country. This early example of a cryptocurrency airdrop was innovative, and it gained attention as a way to introduce digital currencies to a wider audience. Since then, airdrops have become a common marketing and distribution strategy for various cryptocurrency projects.
#cryptocurrency #1stairdrop #airdrop #history
An airdrop, in the context of cryptocurrencies, is a method used by blockchain projects to distribute free tokens or coins to a specific group of holders or individuals who meet certain criteria. These distributions are often promotional or community-building activities and can have various participation requirements, such as owning a particular cryptocurrency, completing tasks, or signing up on a project's platform.
One of the earliest and most notable crypto airdrops occurred with the launch of a cryptocurrency called 'Auroracoin' in 2014. Auroracoin was designed to be a national cryptocurrency for Iceland, and it was distributed for free to Icelandic citizens. The idea behind this airdrop was to provide every Icelander with a certain amount of Auroracoins as a way to encourage adoption and use of the cryptocurrency within the country. This early example of a cryptocurrency airdrop was innovative, and it gained attention as a way to introduce digital currencies to a wider audience. Since then, airdrops have become a common marketing and distribution strategy for various cryptocurrency projects.
#cryptocurrency #1stairdrop #airdrop #history
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"From Pennies to millions: The tell of a programmer's $5 Bitcoin Sale that Haunts him Forever"
In 2010, a Florida-based programmer named Martti Malmi made a groundbreaking move by selling 5050 bitcoins for a mere $5.02. At the time, bitcoin was still in its infancy, and its value was virtually negligible. However, fast forward to today, those 5050 bitcoins would be worth millions of dollars, making it one of the most regrettable sales in bitcoin history. This story underscores the unpredictable and exponential rise of bitcoin's value over the years. $BTC
#BTC #history #TrendingTopic #BTCHALVING #Bitcoin(BTC)
In 2010, a Florida-based programmer named Martti Malmi made a groundbreaking move by selling 5050 bitcoins for a mere $5.02. At the time, bitcoin was still in its infancy, and its value was virtually negligible. However, fast forward to today, those 5050 bitcoins would be worth millions of dollars, making it one of the most regrettable sales in bitcoin history. This story underscores the unpredictable and exponential rise of bitcoin's value over the years. $BTC
#BTC #history #TrendingTopic #BTCHALVING #Bitcoin(BTC)
How Mark Found Financial Freedom with Crypto Trading! đđ”
Mark, a young entrepreneur from New York, was always interested in finance. He started his journey by investing in traditional stocks but soon realized the potential of cryptocurrencies. With a modest initial investment, Mark began trading Bitcoin and Ethereum on Binance. He dedicated time to learning market trends, analyzing charts, and making informed decisions. Mark's dedication paid off as he made significant profits. He didn't stop there; he explored airdrops and even dabbled in mining. Today, Mark enjoys financial independence and helps others understand the potential of crypto trading. Are you ready to start your journey like Mark?
#trendingtopic #cryptotrading #history
Mark, a young entrepreneur from New York, was always interested in finance. He started his journey by investing in traditional stocks but soon realized the potential of cryptocurrencies. With a modest initial investment, Mark began trading Bitcoin and Ethereum on Binance. He dedicated time to learning market trends, analyzing charts, and making informed decisions. Mark's dedication paid off as he made significant profits. He didn't stop there; he explored airdrops and even dabbled in mining. Today, Mark enjoys financial independence and helps others understand the potential of crypto trading. Are you ready to start your journey like Mark?
#trendingtopic #cryptotrading #history
Some Story Before BITCOIN was launched.
Before Bitcoin was created in 2009, digital currency existed in various forms. However, most of these early attempts at digital currency failed due to issues with centralization, security, or government regulation.
One of the earliest attempts at digital currency was called e-gold, which was launched in 1996. E-gold was backed by gold reserves and allowed users to make online payments and transfers. However, e-gold was shut down in 2008 due to issues with fraud and money laundering.
Another example of early digital currency was Liberty Reserve, which operated from 2006 to 2013. Liberty Reserve was used primarily for money laundering and was shut down by the US government.
Other attempts at digital currency before Bitcoin include B-Money and Hashcash, both of which were proposed in the late 1990s and early 2000s. These systems were based on a proof-of-work system and laid the groundwork for the blockchain technology that Bitcoin uses.
Overall, the history of digital currency before Bitcoin was marked by early failures and challenges, but also provided valuable lessons and insights that influenced the development of the world's first successful decentralized cryptocurrency.
#history #bitcoin
One of the earliest attempts at digital currency was called e-gold, which was launched in 1996. E-gold was backed by gold reserves and allowed users to make online payments and transfers. However, e-gold was shut down in 2008 due to issues with fraud and money laundering.
Another example of early digital currency was Liberty Reserve, which operated from 2006 to 2013. Liberty Reserve was used primarily for money laundering and was shut down by the US government.
Other attempts at digital currency before Bitcoin include B-Money and Hashcash, both of which were proposed in the late 1990s and early 2000s. These systems were based on a proof-of-work system and laid the groundwork for the blockchain technology that Bitcoin uses.
Overall, the history of digital currency before Bitcoin was marked by early failures and challenges, but also provided valuable lessons and insights that influenced the development of the world's first successful decentralized cryptocurrency.
#history #bitcoin
