Filmannex and bitcoins

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Filmannex was founded by an Italian Businessman Francesco Rulli and was initially based for the purpose of writing and online film distribution. Initially at Filmannex you could earn in bitcoins directly as compared to bitlanders where you earn in bitmiles and kilo-bitmiles. I was really impressed by Rulli when he decided to let the users earn in bitcoins. Coming towards the 'Bitcoins', it has an interesting history, well we wouldn't go towards its history that deep, for starters, it was founded by Satoshi Nakamoto on 3rd January, 2009.

chinese

I joined bitlanders in the times when it used to be called Filmannex and dealt in Bitcoins, yes, it is true, you could earn/dig bitcoins by blogging and sharing videos on Filmannex. There was no such thing as a post or a miniblog of 160 characters. This was back in 2013 and 2014. I believe the value of Bitcoins at that time was not more than 91 USD as compared to today where it crossed the landmark value of 16697 USD. Crazy yeah, or isn't it!

The value of bitcoins during its inception  in 2009 had technically 0  value in dollars, it was during 2010 when it reached the value of 0.39 dollars, as compared to today where it is considered as the fastest growing cryptocurrency

According to wikipedia, the definition of cryptocurrency is as following,

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

https://en.wikipedia.org/wiki/Cryptocurrency

Well to be honest, I too made up an assumption that the Bitcoins would one day cross the barriers, 16697 USD, I surely wasn't even close to this figure. However, it is true now and this isn't the end compared to it's value of 13,000 USD four days ago when the currency pundits predicted that the Bitcoins would receive a heavy blow and would slump down hitting the rock bottom, it's not the case whatsoever. The Bitcoins is going even higher and who knows where or when will it stop or probably  reach a stable position. None actually knows what will happen next, afterall, the pundits were the first ones to be proven wrong, additionally this value increase skyrocketed suddenly in the month of December, so, obviously one could care less then invest in Bitcoins as of today.

euro

One of the most important question is, how does it gets its value and how is its value measured. It is both simple and complicated and usually it takes one who understands the exchange markets. Bitcoins is value against the flat currency such as US dollars (BTCUSD), Euro (BTCEUR) or the Chinese Yuan (BTCCYN). So the way it works is the similar to the superficial currency symbols traded on foreign exchange markets.

Obviously, for those who earned Bitcoins at Filmannex 2-3 years ago and left for sometime without acquiring the Bitcoins and taking that extra step in saving them in their Blockchain accounts or should I called them Bitcoin Wallets, those Bitcoins have been automatically converted to the value of dollars based on the value of Bitcoins from that year and it is nothing but a big shock for them today.

Well, in order to have more information on the bitcoins you can access online at the following websites such as,

https://www.buybitcoinworldwide.com/price/

https://www.coindesk.com/price/

You can also view it on other websites, it depends on the user actually. Here is the value graph in dollars for the bitcoins.

yuan

 

Well, what to say, who would have predicted this huge surge in the value of Bitcoins. The world was shocked when Bitcoins crossed the mark of 1000 USD for the first time in 2015 and are now witnessing the same bitcoins at the crazy value today. I wish lots and lots of people had gone to acquire their earned bitcoins and have saved them in their blockchain accounts just like I did.

 



About the author

Hikmatzia

Dream, Travel, Eat, Gaming, Poetry

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