MY ENTRY TO "MY CRYPTO JOURNEY", W6E1 CONTEST IN HIVE LEARNERS | By @deimage
Hello Hive Learners, how are you today ?, i hope everything is good today and everyone enjoy this day. Keep up the spirit to following w6e1 contest.
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This week we will start a new week, which is week 6. As you all know that week 5 was very exciting and very interesting, many showed their ability to write and that was a very good thing. I think this 6th week will also be as exciting as the previous week, and I'm sure of it.
In this week all the theme is about Cryptocurency, and it is a very interesting thing to discuss. And this time I will post my 6th week contest and my 1st edition with the title "My Crypto Journey", where in this issue I have to explain and tell my Crypto journey and how far I will accept it.
So, let's check this out...
As you know, Cryptocurrency is a digital currency that is very popular in recent years. Actually Cryptocurrency has been around for a long time and is popular among digital users. Cryptocurrencies have also been predicted to replace the currency we use today, but this is only a pro and con and not something that will really happen, but anyway if we learn about the efficiency of this cryptocurrency itself, we are sure that this cryptocurrency will be very effective. efficient if it succeeds in replacing this real currency.
This cryptocurrency, of course, has not been accepted by various countries, because of course this cryptocurrency consumes a lot of energy, and during an energy crisis like this, some countries certainly make policies to ban Cryptocurrencies in their countries. And for me it is a natural thing, because there must be sacrifices for comfort and convenience.
Cryptocurrency is something that requires expertise to track it carefully, not just anyone can master the ins and outs of Cryptocurrency, its flow, the value of their currency which changes very quickly, and how they work which sometimes varies.
Hive is a platform that also refers to the use of Cryptocurrencies in it. I myself, as a user and member of the Hive Platform, don't really understand this. I only understand how to use it on the Hive Platform, and even then only the most basic things. As far as I know, there are many separate networks and markets for Cryptocurrencies, and Hive is either a tool or something that is also traded in the Cryptocurrency market. Cryptocurrency is different from the currency we use today, Cryptocurrency is not affected by any currency. Therefore, fluctuations in the value of real currencies have no effect on Cryptocurrencies.
There are many platforms today that rely on Cryptocurrencies as a medium of payment and the value of the content they create, and there is a lot of cryptocurrency in there. There are various forms of this cryptocurrency and all of them have different values when traded and there are also many places to trade them and they also have different values for each cryptocurrency that we trade. In fact, there is special learning and training for each type of Cryptocurrency, therefore it is not easy for us to understand the performance and value of each type of Cryptocurrency.
A little history that I know of this Cryptocurrency that everything comes from Bitcoin, Ethereum, and so on. It is the parent of Cryptocurrencies which has enormous value. Every Cryptocurrency that we can or we trade is sometimes a derivative of one of the parent Cryptocurrencies such as Bitcoin, Ethereum, and so on. Sometimes, if you are going to sell your HBD, you have to convert it first to Bitcoin, in other words, you have to buy the amount of Bitcoin with the HBD you have and of course the value of HBD is not much with the very expensive Bitcoin value. After the conversion process, then you get the value of Bitcoin and the next step you just need to convert again to your respective currency according to the amount of Bitcoin you have.
Platforms such as Binary Options, NFT, and so on, may do the same thing, but maybe the steps or systems are different and that is a natural thing.
Cryptocurrency to me is something that has become very meaningful. With Cryptocurrency, at least I can transact with different and more efficient media. Indeed, I am a person who has just dealt with Cryptocurrencies, but I believe that in the future Cryptocurrency will be the most important thing that is part of this world. Indeed, to understand Cryptocurrency is a difficult thing, but by being directly involved in the Cryptocurrency world, it will help me a little to understand it. Changes that occur in the future are in the system or way of working and may be of value. And for me it did take a little time to understand it, but it did not rule out the possibility for me to understand it slowly. In my opinion, Cryptocurrency is a transition to a system that is more structured, efficient, and also has a high investment value, this is a benefit for those of us who want to learn the ins and outs and for those of us who already understand this well of course we will also be able to make forecasts and benchmarks about the value and workings of systems that utilize Cryptocurrencies as part of trading the value of their assets.
That's a little discussion from me about Cryptocurrency. Maybe there is a little incongruity in the discussion because maybe I still don't understand specifically about this. Hope you like it, and see you in the next post, and stay motivated to take part in the contest in the Hive Learners community.
Special thanks :
@hive-learners
@bruno-kemaI also like to invite my friends to follow this Contest :
