When #Bitcoin was first launched no one did believe this coin as legit. People heard about this technology but they just laugh and claim this technology as scam and money wasting technology. Blockchain technology was ignored due to lack of knowledge.

But now we see that how this technology has got advanced and every where there is praise to this technology. A decentralized technology which is most secure, fast and advance technology in this era.

In beginning when this technology was brought forward there were only few cryptocurrencies such as #Bitcoin #Ethereum and #Litecoin. These crypto coins were traded in just cents and the lower price of all the time.

People because lack of knowledge ignore this technology and the reality of cryptocurrency. If they could have buy those crypto at lower price they are now Billionaire and more than that.

If we relate that time with recent time, you will find the huge difference between these two. There are roughly around more than 1800 Cryptocurrencies in existence when it was only 2-3 coins 9 years back.

The price of Bitcoin was around $0.02 when it was launched and the current price is which is at the peak of bear market is $30K. This is really a huge difference in technology, price and the amount of cryptocurrency.

Unfortunately, when among many good people there also comes nasty and ugly people. Their work is disrespect humanity and to spread hatred among the world. The same is in crypto industry now.

The Astonishing Rise of #Bitcoin and Decentralized Technology

There are around 1800 Cryptocurrencies and majority of them are fake and scam coins. I have been in crypto industry around 5 years and I still know only 40-50 crypto coins which are most legit and trusty projects.

The rest of others I dont know about them but I believe that majority of them are scam and are launched only to steal peoples money. The only thing they bring new coin is to take benefit of crypto industry and to steal innocent people money.

Therefore, the dirt has spread in the cryptocurrency and they are trying to take unfair benefits from innocent people. I noticed that after every few days there are number of coins that are introduced but after one day that coin vanished.

The reason is because they launch the fake project and allow people to invest in that ponzy scheme. As soon people start investing in a thinking to book some profit or to build wealth they ran away along with their scam project.

So, during this time when technology is advanced and nasty people are active and looting people with their fake projects, you must be careful and study before investing your money in any project.

What do you think the number of crypto coins will increase day by day? Do you think selection of legit coin and good project will become difficult in future? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

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