I am slowly learning to understand Cryptocurrency

in #cryptocurrency6 years ago (edited)

I don't know about you all but understanding Cryptocurrency was a bit overwhelming to begin with for me, nowadays I am starting to understand it, but at the start I found you definitely need to understand how to trade. You don't just need to understand the trading but also the tech side behind Cryptocurrency takes some time to understand. Nowadays buying Crypto has become extremely popular and nowadays is known by most people. But this form of digital currency can become confusing to understand if you don't understand to trade. Its a currency that uses cryptography.

It was created in 2009 by someone named Satoshi Nakamoto, however it is rumored that Satoshi isn't actually a real person. It's said that Cryptcurrency is based on the notion that money is an object, this always confused me, I mean money has always been paper, nowadays its an object. The fact it uses mathematical equations to control how its created and how the money is transferred makes it much more reliable, rather than depending on banks.

You've many factors which determines the value of cryptocurrency, but the main one is supply and demand. Having this type of currency makes life a lot easier, learning to trade helps too! Did others find cryptocurrency hard to understand at first?crypto.png source Wikipedia

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