Bitcoin: My View, Myself Wk47

in Steem For Pakistan7 days ago

Hello friends, how are you all doing today, hope that you people will be fine and doing great in life. @saintkelvin17 have posted a contest about crypto currency. I am going to prepare my entry and post it into the contest.....So, let's start.


"Bitcoin"


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Bitcoin is a crypto currency. Crypto currency is a digital currency, it is available through online platforms, crypto currency is not available in tangible form. It is intangible asset. Moreover, crypto is not operated through National and International banks. It has it's own wallets through which people access it. Moreover, there are a lot of wallets which have access to these crypto currencies. There are a lot of crypto currencies in the world. The no.1 currency is Bitcoin, a really famous coin...I mean a really famous one. It more famous than dollars, in the past people have love for dollars and euros but today people love Bitcoin.

Q: What do you understand by the word Bitcoin?

  • I understand that it is a globally coin and I really needed it...haha....everyone in the world wish for Bitcoin. Everyone want a piece of Bitcoin. Bitcoin has more worth than life of someone; a really sad reality of the world.
  • Everyone in the world who knows about currencies and can make rational statement are aware of Bitcoin.

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  • Bitcoin is a digital currency which doesn't have any tangible body but it has a huge worth in today's world. Nowadays, Bitcoin have became more famous; it's value have risen to an expected one. Donald Trump was right about his statement that he will make Bitcoin's value equal to 100,000 USD. The promise was completed and the rise of Bitcoin has again attracted people to it's way. The people whom left crypto trading have returned back into the field and new users have verified themselves into the field of crypto currency.

Q: With two paragraphs narrate a non-fictional story about Bitcoin.

Bitcoin was released in 2009 on 3rd January. It was the first digital currency and about more than 21 million coins were introduced. It's price was less than 0.01 USD, people didn't recognized it and also didn't accepted it. It was regarded as scam in starting days, with the passage of time people started to buy it and stored there money in it.
The value of Bitcoin started to grow after few years and was acknowledged steadily but there were still rejection because people thought it can be a scam. Further it started to become famous and other coins were introduced into the market or world of crypto. There were rise and fall in it's value every year; now they have made history to cross 100,000 USD worth.


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Q: What will you do will 0.5 Bitcoin if you were rewarded with it?

A reward of 50,000 USD....an unbelievable prize....I think it will be in dreams....no one have received such a prize.

  • Let's discuss it in a fictious world because no one have received such a prize. I will divide it into different categories.
  • One piece of the money will be used in investment. Other will be kept for capital of the invest and buy assets which will increase in the future.
  • Lastly, a donation or zakat(charity) to help the poor, make a system which will run forever for poor and needy people to provide them employment and their needs.

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Q: Give us another suitable name for Bitcoin and why you feel this name is the perfect one.

  • I will say that the Bitcoin name is fine for it, a best one and unique one. It is famous for 15 years with this name and changing it's name will decrease it's recognition. But as the requirement is giving a name to it so I will give it a nickname not changing the original one. It can be "Worthy coin", bit mean a "little" but worthy can be huge.


Inviting friends @gabylazarde @paholags @sana-khan01

Thank You

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Upvoted! Thank you for supporting witness @jswit.

 6 days ago 

¡Saludos amigo!🤗

Que duro es eso de que el Bitcoin tiene más valor que la vida... Sin duda alguna eso deja en evidencia lo anclado que estamos a las finanzas.

Te deseo mucho éxito en la dinámica... Un fuerte abrazo💚

 6 days ago 

I'm talking about others thinking, people are giving more value to money than human's life.

 3 days ago 

Yeah, that is why we are falling and our every efforts are waisted in unwanted things.

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