Thoughts #1

Ew, BitCoin Hype

Everyone is getting hyped about BitCoin, especially during the last few months of 2017. The hype surfaced on the world when the BitCoin increased to a point that is over 10,000 and was steadily increasing in price. At that time, the prices between the start when it was valued for a few dollars or close to nothing, and now where a BitCoin is valued at $10,000 USD, was so huge that it caught everyone's eyes. Of course, now everyone will be mulling over the opportunity loss of $10,000 USD which they can earn if they bought it during the start and sell it now. For those who are regretting over this right now, please stop. It is literally a scenario you can't overturn. 

With the hype getting so mainstream and overhyped, the only reaction you can get from me is the first word of the title, "Ew" because it is over-discussed too much. (using "over" and "too much" to express how over-repetitive is this topic) I hate this topic so much (Yup, because I want to have fresh news than BitCoin news over and over again.) that I want the bubble to burst. And it did over the holiday season and now it's slump right now is becoming a huge questions for BitCoin traders. 

I first heard of BitCoin during late October when I started my new semester in school and listened to one of my lessons which is about trading which involves products like indices (US 500 and Germany 30 etc.), forex (USD/GBP etc.) and Cryptocurrency. (BitCoin, Ether and DogeCoin) From there, I learnt that there is something called Cryptocurrency, yes, and from there I heard of BitCoin. (Easy repetition I have to admit.) Coincidentally, my friend who was trading in BitCoin for the assignment, (we used demo accounts, so no real money were used) luckily hopped into BitCoin bandwagon and steadily got a profit of $100,000 USD. The reason why he got a huge "profit" from it because firstly he put a million, all in the BitCoin at one point. Next thing is he bought the BitCoin before the huge increase in BitCoin happened. Therefore, he got a 10% returns which is very decent thanks to his luck in the trade. It would have been good to get a profit of $100,000 in real life. But in that case, you gotta need a 1 million capital that you are willing to invest, but most of us ain't that rich. So this is a dream that can be done by rich people.

And when the topic goes boom, hyped and viral all over the world, the news in the Internet were all about BitCoin. BitCoin here and BitCoin there. Even the boring news channel in my country that has 30 minutes of their show to have people introducing my country on what is BitCoin and how to trade. When I heard the "how to trade" part, I was like "Are you giving people a way to throw their money and possibly their lives away too?!" I have a logical reason saying this since trading is actually gambling in a way and it is very easy to lose all of your money in a very quick fashion. When you have no money left after losing them to trading, you will lose the will and probably try to suicide since money is very powerful and much needed in this country. So, if you are reading and also having the thought of trading BitCoin, all I can say is trade when you have money that you are to okay to lose. If you don't, please don't trade since it is "gambling" in a sense. Therefore, I hate this crypto hype since it can lead people to lose their money after attracting them to trade their money.

*Months later after forgetting to finish up this chapter and lost the drive to complete this and creating other chapters*

It has been 7 months and 16 days since I edited this. (yeet) Well, this is unintentional, but this is a good timing to talk about the damn BitCoin hype. YES, the hype is GONE. You heard it, G-O-N-E! Nobody really gives any thought about it nowadays, as this hype starts to decline ever since its outburst, along with its price. (oof) 

But, in all seriousness, it is still a topic, that people will want to be aware about, This is because this cryptocurrency is paving a way for the next generation of currency, and the hype then has caused lots of discussion. It became a topic in cybersecurity. No joke, it is, even now. Even how much I want to run away from "BitCoin" and "Cryptocurrency", I still faced them in reading materials saying that this topic is a topic of concern because this currency is executed with the help of technology, AND technology is prone to cyberattacks. Some even had their cryptocurrency stolen before too and this isn't really desirable, I mean who wants their money to be stolen? 

Either way, the BitCoin hype has really died, since hypes and trends always have a certain lifespan, and BitCoin had its first one exhausted. Well, it might have a second one, but it might take quite some time. So for those patient and rich investors, invest all you want in them all you want (just leave some cash in hand as reserve please) and wait for your BIG profit in the future if it happens. But those who aren't able to afford, please either just analyse BitCoin or don't give a faeces to it, it isn't worth much of your time, other things matter more. :)

Anyways, that's it for the disgusting BitCoin hype topic. Yup, 7 months plus later and I still hate that thing. But it is good in a way as it shed some light of hope that we are in the right track of technology (in a way).

Seventh Chapter (7/1/2018 and 23/8/2018) [Ch-7] 

Small note from author: From now on, this isn't an one-day-one-chapter thing. I will be just posting whenever I finished a chapter :) Some chapters might take some days due to procrastination. AND BONUS chapters will be still alive. Yes, my friends, my brothers, my sisters, I am back, for sometimes at least. 

Be right back, changing the title of book again and thinking of next chapter. See ya in next chapter.