Thursday, August 27, 2015

Bitcoin Revolution - What is Bitcoin and its potential


Assalamualaikum and a very good day.

How are you? I'm fine, thank you. :)

So you are here. Why are you here? WHY? You don't have to answer that question now, you silly! haha..




It's just that, WHY sometimes is the hardest to answer compared to who, what, where, how, when and etc. Do you realize that? hmm?.. never mind that, we go straight to our topic of discussion.

Bitcoin Revolution!?

Before I talk on further about the revolution, I think you should know what is Bitcoin. The video link below should at least provide you with the basics. If you already know what bitcoin is, then read on. You may realize the revolution, you may as well not. Let me share my insights on this REVOLUTION

What Is Bitcoin?

What Is Bitcoin Mining?.

1990-1999
During the 90's, there was a revolution going on, the INTERNET. Of course, internet was used before then where "internet nerds" used it as a system to send messages to each other. But what happened after that changes the world entirely. We started with a dial-up internet (in Malaysia we had Jaring and TM dial-up) and now we are in the broadband era.

2000-2010
Through the discovery of internet, late 90's or the early of the 21st century, another revolution came. Yes, it was the revolution of SOCIAL MEDIA where MySpace, Friendster and some others. Those who had internet connection, having at least one social media account is a must. However, these social media networks were quickly consumed and overwhelmed by none other, Facebook. Parallel with the growth of social media, internet banking also was revolutionized. Those who had internet banking were considered "rich, wealthy and up-to-date".

It is in the year 2009, BITCOIN WAS CREATED.......

2010-2015
It is by this period, proof and testimonials of those who became millionaires, multi-millionaires and even billionaires through the internet revolution came to spread. Millionaires were "born" and created every day through the internet.


In Nov 2013, Bitcoin price peaked to USD1209.94 per Bitcoin. However the price started to drop the following days and has been stable at the range of USD250 per Bitcoin.

Potential Value of Bitcoin
The picture above states the prediction of Bitcoin values if any of those scenario takes place. This snapshot was obtained from a magazine, yBitcoin.

In June 2016, Bitcoins produced per block will be reduced to half its amount now, which means, less production per algorithm solved. According to Peter Smith, the CEO of Block Chain, Bitcoin's price depends on the supply and demand trend, hence, when production decreases, supply becomes lesser which in turn will increase the price of Bitcoin. Prediction says that price per Bitcoin may go up to USD1,500-USD3,000 per Bitcoin in June 2016. Allow me to speculate:

- Bitcoins are sold at about USD250 each, at current rate.

- If you have an account with odcapital.com, worth USD5,000, you can buy 1 bitcoin per month using your earnings from the monthly Commission Rebates. (please refer here if you haven't seen the investment plan)

- By June 2016, you could have around 8 Bitcoins, given that the price increases slightly over time.

Hence,

8 Bitcoins X USD1,500 = USD12,000

USD12,000 (total profit gain) - USD5,000 (initial investment) = USD7,000

Voila! You will earn more than 100% profit in less than a year excluding your capital!!


So, to wrap this post up, I would strongly suggest you start buying Bitcoins and start saving them as an alternative to your fiat currencies. 

YOU HAVE LOST THE OPPORTUNITY TO MAKE MONEY ON GOLD PRICE INCREASE. 

WOULD YOU LET THIS ONE GO TOO?


***DISCLAIMER: This blog is not in any way regulated by the officials of OD Capital Ltd and/or any of its subsidiaries. It is my own blog and my own point of view. Every investment has its own risks. Please work your own due diligence before investing in ANY company.