The Complete Guide To The Crypto Community in Barcelona (Bitcoin, Ether, Litecoin)

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Are you interested in cryptocurrencies such as Bitcoin, Ether, or Litecoin? The crypto community in Barcelona is growing rapidly. Keep reading to find out about cryptocurrencies, Bitcoin ATMs, and more.

A World Of Cryptocurrencies

You probably heard of Bitcoin, Ether, Monero, and other crypto currencies.

The 2017-2018 crypto bubble brought millions to a few lucky investors inspired by memes such as HODL, buidl, moon or lambo.

But that same price bubble came to an end in beginning of 2018, and then the world of crypto fell into a bear market, which ruined many of the late investors.

What do expect then? My best advice: watch the tech, learn as much as you can about bitcoin and crypto, and only invest what you can afford to lose.

Recommended Crypto Books:

What are Cryptocurrencies?

Cryptocurrencies refers to digital currencies, such as Bitcoin or Ether, that are generally build on a blockchain, a decentralised ledger.

Cryptocurrencies are a dream for dreamers, traders, and anarchists alike. New and volatile, their growing importance is probably going to change the world of fintech and monetary policy.

Who created bitcoin?

Bitcoin, one of the first cryptocurrencies, was created by Satoshi Nakamoto, an anonymous software developer. Other famous cryptocurrencies include Litecoin, Ether, or Monero, among others.

Cryptocurrencies vary in their main purpose. Their primary function include store of value, a means of exchange, or rights to a certain business operation.

Some crypto currencies are usually referred to as tokens, which are very similar to assets in the traditional financial world.

What to expect from the crypto world in the coming years

In fact, some leading thinkers such as Naval Ravikant believe that the crypto world might take over the financial world in the next 20 years.

In this sense, the crypto & blockchain world is particularly attractive for software engineers, cryptographers, and startup people.

Currently, different countries are responding to their expansion with different attitudes. This crypto world has produced a phenomenon called ICOs – where a new coin is sold to new “investors” (gamblers).

As a consequence, the world of crypto currencies remains a mix of extreme nerds, traders, investors, and scam artists. Whatever you do in this field, remember that you really have to be careful: you can lose money.

Bitcoin Community in Barcelona

The majority of the Bitcoin Community in Barcelona hangs around the UPC (Polytechnic University) and the 22@ IT & startup district.

The high costs of electricity have made mining bitcoin in Barcelona (and Spain) unprofitable, yet, there are some amateurs running small rig operations.

The local community also has a Barcelona Bitcoin Meetup group, that features events on a regular basis.

Ethereum Community In Barcelona

Vitalik Buterin’s followers, the Ethereum community have a following in Barcelona.

There are some local and international blockchain developers in Barcelona. The scene is growing.

Altcoin Community in Barcelona

The community of altcoin developers and traders is thinner, but there are some miners and developers.

Crypto ATMs In Barcelona

Do you need to exchange bitcoin for fiat in Barcelona?

There are a number of Bitcoin ATMs in Barcelona.

Bitbase

Bitcoin ATM (Mallorca Street)

Recommended Books:

Do you participate in the Bitcoin ecosystem?

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