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To a lot people the word "Cryptocurrency" can at first seem like a daunting word made up of techno mumbo-jumbo. But, simply put, crypto-currency is a form of encrypted online virtual cash. If you have cryptocurrency then you have virtual online money. However, cryptocurrency is not yet universally accepted. Although, due to popular demand it is quickly becoming more and more accessible as a means of barter and trade.
With all of the different types of physical cash in the world varying from country to country, their is also different types of cryptocurrencies. One you might be familiar with is Bitcoin. Years ago around 2009, Bitcoin was almost worthless. 1 Bitcoin was less than $1 USD. Fast forward twelve years later to today 4/10/2021 and Bitcoin is currently worth $60,000 for a single Bitcoin... So, in 2009 if you bought ten Bitcoin you could be close to a millionaire right now... Even in 2018, Bitcoin wouldn't have been thought of to have reached those numbers three years later in 2021.
Bitcoin Cryptocurrency Value Rate 2018-2021, Blockfolio
What does it take to invest in a cryptocurrency like Bitcoin? Firstly, you will need a 'crypto-wallet' to hold your assets. Coinbase is among one of the most popular options available on the market. You can also do a search online to find a cyrpto-wallet that fits you. After you have your wallet you can begin sending and receiving transfers of all types of different cryptocurrencies whether it be Bitcoin or Electroneum. You can also invest into the cryptocurrencies by simply purchasing them. Purchase some cryptocurrency today and see how its market value fluctuates for you. If you're lucky the odds will be in your favor. To play it safe you could purchase a large amount of a cryptocurrency today that has no value, in hopes that it will gain a value in the future that you will be able to have a good return on investment with... Imagine if one of your family members would of done that with Bitcoin twelve years ago.
What other ways could we be able to invest in cryptocurrency that wouldn't require us to spend actual money? Well, their is something called "cryptocurrency mining". It is a way to earn your digital currency without spending money. The only cost is a moment of your time each day to login and click "Mine". Then the app begins mining. Essentially, what is meant by "mining" is that the app is using minimal additional resources from your device in the background. That is also another cost of cryptocurrency mining. You are relinquishing a piece of your processing power for a gain in cryptocurrency. Although, it is not recognizable and does not harm your device.
Cryptocurrency mining is also capable of being done using mobile devices. One of the most popular mining apps in the mobile stores is known as 'Pi Network'. Pi Network takes the world by storm in mobile mining with a following of more than fifteen million active users daily. The Pi Network app even comes with it's own cryptocurrency wallet. You can download Pi Network from the Google Play Store and begin earning the digital currency of Pi within minutes. To join the app, you need a code of referral (Fritz3511). With a referral code you are able to earn more while mining by having everyone in your "circle" mine. Your circle will be the person that invited you and all of the people that you invite. So, basically, you are able to earn more cryptocurrency by inviting more people and getting them involved. This also helps the entirety of the Pi network economy by inviting members. It's how we really push the value to becoming more than something that is invaluable because currently, that is what the Pi cryptocurrency is. It has no value. However, the creators and the community is pushing for Pi to have a value and digital currency by the end of 2021. What does this or could this mean? This means that ideally, Pi Network will be coming into 2022 with an actual value. Since Dec, 2018 the Pi Network cryptocurrency has been without any monetary value but, their have already been trades and barters used involving the Pi Network cryptocurrency. This helped pave the standard for what the initial value of Pi will be when it officially launches the "Mainnet" phase. The pricings for the items at the time traded and bartered upon were equated at $1 USD. This sets a precedents of the Pi Network value actually potentially starting off by at least $1 when it launches into a currency in the beginning. Imagine what this could turn out to be in twelve years if you stick with it. Start mining Pi Network and start earning now because for every milestone marker that Pi reaches the mining rate will either halve or fall to zero. So, you are incentivized and rewarded for joining early. Mine now while you still can!
Thanks for reading! If you enjoyed what you read, be sure to check out the other articles.
Check out the links and short video below to learn more about the Pi Network
"The Story Of Pi - The First Digital Currency You Can Mine On Your Phone"
(Referral code: Fritz3511)
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