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 cryptocurrencies.
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 the beginning of 2018, and then the world of crypto fell into a bear market, which ruined many of the late investors.
As of 2021, we all have seen another massive rally into the mid 5 figures. Is it over? It remains to be see.
What do expect then? My best advice: watch the tech, learn as much as you can about bitcoin, ether, DeFi, NFT and crypto in general, and only invest what you can afford to lose.
Recommended Crypto Books:
- Mastering Bitcoin (O’Reilly)
- Blockchain Revolution (Penguin)
- Blockchain (O’Reilly)
- Cryptoassets (Penguin)
- An Altcoin Trader’s Handbook
What Are Cryptocurrencies?
Cryptocurrencies refers to digital currencies, such as Bitcoin or Ether, that are generally build on a blockchain, a decentralized 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 includes store of value, a means of exchange, or rights to a certain business operation.
Some cryptocurrencies are usually referred to as tokens, which are very similar to assets in the traditional financial world.
The Crypto Transition
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 cryptocurrencies 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, however, there are some amateurs running micro 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.
Located in the upper part of the city, this Bitcoin ATM is a safe place to buy or sell your bitcoins in Barcelona.
Bitbase Mallorca (Bitcoin ATM)
Bitbase Zona Franca
Do you participate in the Bitcoin ecosystem?