Why Learn Cryptocurrency?
Welcome to the Crypto revolution! We strongly believe you are in the right place at the right time. You are at the very beginning of the largest wealth transfer the word has ever witnessed. Let’s make sure you understand how early, currently there is about 88 Trillion US dollars in circulation around the world, at this point in time only 1% of this has entered the crypto space!! That’s right only 1%!!! This year (2018) it will change dramatically!! At the time of writing this book the market cap had just hit $1 trillion AUD which is a significant milestone. What could the market cap hit in 2018? 10 Trillion?
Are you prepared to ride the wave?
We believe that cryptocurrency is here because the old “fiat” money system is outdated and worn out. When you look back at the history books, no fiat money system has ever stood the test of time. Governments & Central banks have taken advantage of their power and they have completely undermined the current system.
Governments and central banks have devalued our current fiat money system since the day the system was invented, the current money system has only been around about 100 years with the Federal Reserve been created in early 1900’s. Since this time governments and banks have been deciding when to “print” more money or in other words increase the supply and decrease the value of your money!! With Crypto we can’t do this!! All though some centralized coins will attempt this…..While “fiat currency is devaluing, cryptocurrency is increasing in value….. Check out the image below:
“It is very simple economics, when we have a lot of something the value decreases!! Since 1913 when the federal reserve took over the money system the US dollar has devalued by 96% – 98%, can you believe that!”
“This means if you held onto your dollar since 1913 it would now only be worth 2 – 4 cents in real terms”
There you go we have all been fooled by the current money system, it’s time for change and the change we have all been waiting for is finally upon us!! How excited do you feel to be apart of the largest wealth transfer the world has ever seen!! Welcome to the matrix!
So basically the reason why cryptocurrency is here has been explained, the banks and governments have been lying to us for centuries!! Plus they control the money!! Which is centralized money authority!! Welcome to blockchain and welcome decentralization of wealth, the real crypto coins are decentralized and not controlled by a single group of people etc, more on this later.
What is CryptoCurrency?
“A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous other cryptocurrencies have been created. These are frequently called altcoins, as a blend of alternative coin. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.”
We see cryptocurrency as a method to free the everyday person from the constraints of the old money system, when you think about it seriously, we place a lot of faith in one currency which is generally the currency of our nation such as AUD or US or YEN etc etc…. Crypto allows you to personally spread your risk across an array of different currencies!! Welcome to the blockchain revolution!!! It’s here to stay and it going to have the biggest impact on the money system we have ever witnessed.
The governments have controlled the money supply for too long, as I mentioned above they control the supply and they don’t care how much they print. It’s not their problem!! Lucky for crypto otherwise it could be an interesting future when fiat currencies die.
If you are very new to the cryptocurrency space I recommend you read our next e-book in the series “How Do I Purchase My First Crypto?” or check out our free blog here
Once you are comfortable with “How To Purchase” crypto you could then check out our free blog about 2 coins which we think are hot for 2018! Coming soon!
Otherwise I highly recommend watching this video from Andrea Antonopoulos below, Andrea is a foundation Bitcoin professional and travels all over the world now educating people about cryptocurrency. Click here to watch video