If not for the Bitcoins the world would remain in dark about the power of the digital currencies that have the capacity to transform the world with the help of the futuristic technology known as the Blockchain. It is true that the world is gaga over the cryptocurrencies because such is the amazing benefits offered by them that are, thankfully, not limited to the financial world. Hence, it is unsurprising that the concept of cryptocurrency investments is on the rise, especially with the uncomplicated investing means available to the pursuers as explained by this post.
Even though the idea of cryptocurrency, especially the Bitcoins investment is flourishing, still, the majority of them are unaware of the important facts about the asset, which would help them to better understand the value of the asset and encourage them to uphold the practice of investment for their superior benefits.
- The first transaction using the Bitcoins
The routine transaction involving the Bitcoins has started long back in 2010 that too with the purchase of the Pizza! Yes, May 22 is known as the Bitcoin Pizza Day, where Laszlo Hanyecz purchased two Papa John’s pizza for 10,000 BTC, marking the official entry of the Bitcoins in the purchase of goods. The then value of the Bitcoins was only $41, interestingly!
- The Bitcoins’ availability is limited
With so many awesome benefits to offer, certainly, everyone’s desire is to own as many Bitcoins as possible but, in reality, that is impossible! Because, the number of Bitcoins that could be available to the mass is limited, which is 21 million in number! In these 21 million coins, already 16.3 million coins have been mined and are also, being actively traded almost, all over the world. The remaining Bitcoins are expected to be mined in 2140 after which, unfortunately, none could be mined!
- The mysterious person who invented the Bitcoins
It is everywhere on the Internet that the inventor of the Bitcoins is Satoshi Nakamoto but, do you know it is only a pseudonym? Yes, the inventor of the Bitcoins is an unknown mysterious person, whose whereabouts are not yet known to the world, conclusively! This anonymity has led to many speculations, of which the popular one is Samsung, Toshiba, Nakamichi, and Motorola together created this awesome digital coin!
- Losing your private key equals to losing your Bitcoins
We all know, how valuable is the Bitcoins provided their growth in the market cap value in the recent days. Which means, losing the Bitcoins could be devastating, which could happen if you use your valuable Bitcoins private key. Yes, if you lose your private key it is impossible to secure the Bitcoins again and already 25% of them are in this pathetic state!