#CryptoFinance Initiative: How has Crypto and Blockchain Technology Impacted your Personal Finance?

^Source

The Blockchain technology that emerged in 2009, the way it has affected me is as a lost opportunity, because I have not made an investment in Cryptocurrencies and my approach to Blockchain technology and cryptocurrencies has been through Steemit and after the fork that took place towards #Hive.

And it was through the Steemit contests that I investigated and found out what Blockchain technology consists of, what are its current possibilities and limitations, I obtained that knowledge through participation in the Original Words contests, which were very satisfactory and with good economic benefits.

^Source

Apart from that, there is not much I can say about Blockchain technology except that Bitcoin is currently caressing $ 20,000 and at that price it is quite difficult to save on Bitcoin. Although for those who have solid finances, they can save in other cryptocurrencies.

It seems to me that Bitcoin was accessible when it was worth less than $ 5,000 in 2018 and 2019 because the bitcoin boom is a recent phenomenon.

And this November 30 it reached its historical price again.
My personal opinion is that cryptocurrencies become a reserve of value, that is, for a currency subjected to a maximum devaluation such as the Bolívar, which has made it lose its function as a unit of account (to budget) and reserve unit. (to save or invest) and that only serves to exchange goods and services (purchase and sale).

^Source

Bitcoin and all cryptocurrencies, especially the most popular ones such as: Bitcoin, Ethereum, Ripple XRP, Litecoin, Neo, Iota, are some of the options to save and maintain the value of finances, because in addition to cryptocurrencies the most traditional has been the investment in real estate and personal property, the good thing is that cryptocurrencies today have multiple exchange houses and more and more companies accept cryptocurrencies as a means of payment.

^Source

Its use is very opportune in the changing world that we have to live with. We do not know for how long its hegemony will remain.

In the short and long term, cryptocurrencies in investment and savings are a good option, this requires that we keep ourselves adequately informed and do not be surprised by those falls such as the one that occurred in 2017 and thus avoid losses because the objective is not to lose.