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cryptocurrency-basics

Cryptocurrency Basics [Important Crypto Facts]

Simply Known As,

  • An Internet-based Currency which doesn’t have a central authority,
  • Which uses Cryptographical functions,
  • A Currency that can be sent or received between two parties through the use of public and private keys.

There are a lot of Cryptocurrencies that leverage the unique Blockchain technology to gain decentralization and security. Blockchain technology is the main factor involving the Cryptocurrency industry. Which uses Cryptographical functions to secure financial transactions.

Bitcoin was the first release as a Cryptocurrency in 2009. After the release of Bitcoin, over 3,000 alternative (altcoins) coins have been created.

What is Bitcoin?

As I mentioned earlier, bitcoin was the first release of Cryptocurrency and decentralized open-source software. Bitcoin was invented by an unknown person or a group called Satoshi Nakamoto in 2008. And started in 2009.

What is Altcoins?

Altcoins describes as alternative versions of bitcoin.

These Cryptocurrencies are not like any other currencies. Which means Cryptocurrencies have limited supply in individual (Most of them). In that situation, Cryptocurrencies have many more potential in gaining price.

Yes, you can earn profits investing in Cryptocurrency.

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How?

The prices of these Cryptocurrencies changes day by day. All you need to do some researches and follow some trading tips and invest in specified Crypto. Buying at lower prices and selling with a profit.

Political Juice

Where can you buy Cryptocurrency?

There are a lot of Cryptocurrency Exchanges containing a ton of various Cryptocurrencies all over the web.

Here are some latest Cryptocurrency Exchanges.

  • Poloniex
  • Bittrex
  • Binance
  • Coinbase
  • CEX.IO

There are few Exchanges that you can buy Cryptocurrencies with Fiat. The rest of the Exchanges uses major Cryptocurrencies such as Bitcoin(BTC), Ethereum(ETH).

Cryptocurrency Trading

Cryptocurrency trading, in other words, buying at a point and sell it at another point.

Is it worth it?

Absolutely, but you need to be well educated on how the price gain and loss happen in the field. To do that you need to stay alert on the Cryptocurrency which you are going to invest and focus on Cryptocurrency news. This may be risky. If you don’t research and invest you may lose your money.

But don’t worry,

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There are a lot of people investing in crypto and making their profit daily. Trading while using some unique tips and researches, you won’t be losing any money. 

Doing it in the right way worth your every second.

I’m going to describe everything and some trading tips and tips in the Cryptocurrency field. Catch you in the next post. Let me know what you think in the comment section below.

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