Bitcoin: My View, Myself Wk47.
Hello people of steemit today I will be participating on @saintkelvin17 contest titled Bitcoin my view , myself wk47
| What do you understand by the word Bitcoin? |
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Bitcoin is the first and most expensive crypto and it cost over a $100k also Bitcoin has been one of the assets that has helped to build and grow the crypto market to becoming a stabilized and well known market for eople to trade altcoins and bitcoins.
| With two paragraphs narrate a non-fictional story about Bitcoin. |
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Bitcoin was first introduced in 2008 by a public figure known by the name Satoshi nakamoto brought into existence Bitcoin which he described as a digital currency which can be used in bank and other companies that deals with daily transaction.
Also Bitcoin has a ledger book that record the transaction across all network and and it is called a Blockchain.
Also over the many years Bitcoin has seen and experience significant changes and has increased in price because when it was officially launched in 2009 and had a low value which was not up to a dollar and now in 2024 Bitcoin has increased to up to a $100k and it is because of the demand and the supply of Bitcoin to the crypto market.
Also countries like El Salvador uses Bitcoin as their major and legal currency which is used in buying and selling.
| What will you do with 0.5 Bitcoin if you were rewarded with it? |
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First of all 0.5 Bitcoin is equals to 78,783,365.745 million naira that's my country currency also if I was rewarded with it I will first of all look for a way bord a flight that me and my family will travel out of the country and we will settle in either England or Spain because it will be easier for my dream to come true there and also another thing that we will do with the remaining money is that I will look for a football academy and join also my parents will look for a house which we will all live in and my parents will start up a meaningful business to fetch them more money I think if I was rewarded with 0.5 Bitcoin it will be more than enough to carry out my needs and that of my family.
| Give us another suitable name for Bitcoin and why you feel this name is the perfect one. |
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If I was to give Bitcoin another name it would definitely be the ruler of the cryptocurrency world because most times when Bitcoin rise consistently other altcoins also rise too and when it depreciate others do the same too.
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With this I have come to the end of this contest I will now like to invite @chiahoziee @josepha @simonnwigwe @bossj23 and @anthony002 to also take part in this contest cc: @saintkelvin17
10 % of this post goes to @hive-180106
Why do you think of leaving the country first with such an amount of money without establishing yourself first in Nigeria before thinking of such? Anyways, it's your decision but it would be too hasty. You may end of becoming a big mess in someone's country because of failure to plan. Most people that are successful in foreign countries have establishments in their hometown first. Anyways, it's cool.
I love the way you wrote this contest. So straightforward and detailed. Thanks for the invitation
Thank you and happy Sunday 🌞