The Mood Swings That Come With Trading Bitcoins

Published December 8, 2017 227 Views

Rumble This guy is trying to explain and depict the tension and mood swings that come when people start using Bitcoins and decide to retire to officially day-trade cryptocurrency. The fluctuations on this market often result in serious changes of attitude. We have no idea how this works!

“Guess who’s in that cryptocurrency boys? I have been doing this for three weeks so I am sort of an expert!”, says the guy. He goes from saying, “I am seriously considering putting everything I got into it”, to saying “no shit, it is crushing, God damn it, I knew this was a bubble!” and perfectly explains the headaches Bitcoins give to people.

Baffled by bitcoin? Confused by the concept of crypto-currencies? Is bitcoin the future of finance, a potential destroyer of the economy or is it just a silly slice of technical utopianism? Many people in the world have no clue what Bitcoin is. While Bitcoin is becoming more and more popular, people are increasingly starting to learn about the cryptocurrency. However, for the average person, it’s still quite confusing!

Bitcoin cannot expect to become widely accepted without people understanding how it works or what it even is. Even after explaining Bitcoin in laymen terms, it can still be intimidating and confusing for many. Hopefully as Bitcoin continues to increase in popularity, people will become more and more interested, and as such will take greater effort in trying to understand what Bitcoin is and how it works.

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. As such, bitcoin transactions are anonymous. Bitcoin transactions are verified by network nodes and recorded in an immutable public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.