They invested based on a philosophical principle, not a financial one, so you could imagine their shock once the coin blew up eight years later.
Every single member of the group now had the funds to do practically anything they wanted. Each being the philanthropist, though, they wanted to use their newfound wealth to help others. Thus, the idea of Bitcoin Boom was born. Before the name was coined, there were lengthy discussions about how to best help potential Bitcoin traders. Education was discussed, but that was dismissed because most people learning about Bitcoin would already be interested in trading it.
Then, there was the idea of creating a specifically beginner-friendly cryptocurrency themselves. This was an intimidating idea, though, so it was quickly thrown in the trash. Eventually, they settled on building a trading platform that could help new people get involved with the coin in an easy and hassle-free manner. The name Bitcoin Boom was thought up to pay homage to the event that made the platform creation possible, and the team got to work.
With the technological core of the time in position, work on the early prototype version of Bitcoin Boom took place. It was important that the app was as accessible as possible. This meant that the UI needed to be as clean as it possibly could be. We wanted to avoid information overload by any means necessary, so we stripped back all of the window dressing associated with traditional trading apps.
We boiled it down to only the bare essentials. Once was had the very minimum of what was needed in a UI, we began to build it back up how we wanted it. Every single thing you see on your dashboard has been hand-selected by us to make the user experience as clean as possible.
When our algorithm decides whether or not a trade is worth making, it looks at the prices, the price trend, and then it looks at what other people are doing. These actions of other traders are assigned values based on that trader's decision and overall profitability. Those values are then worked into the equation, and the algorithm decides whether or not it wants to make the trade.
Needless to say, this took an awfully long time to build. Every time we made any modicum of progress, we seemed to hit a roadblock.It took months of sleepless nights to push through the issues we faced, but eventually, we did it. We came out the other side with a working prototype, and we were all delighted. We tested out the prototype for a few months making adjustments after every run. Eventually, we were happy with the finished product, and we integrated it into the platform.
We're not stopping here, though. We want to help as many people as we possibly can, and that requires constant development. We're going to continue our support of Bitcoin Boom well into the future. We're going to do what we can to develop new features and addons for the site, so don't worry about things getting stagnant. If you've yet to join us here, what are you waiting for? The first step in your own Bitcoin journey awaits you with Bitcoin Boom.