4 steps to follow in Cryptocurrency for Beginners!!!!
Everything is going up and down in last few months of cryptocurrency market. Although the future is bright, it’s safe to say we’re in a slow period right now. It presents us with an opportunity: An opportunity to step back from the charts and invest in crypto education.
For beginners, Cryptocurrency market is totally new for which this steps are basics to understand them.
1. Background of Cryptocurrency!
> What is Cryptocurrency?
A cryptocurrency is a digital currency created and stored electronically in blockchain. It uses encryption techniques to control creation of monetary units and to verify the transfer of funds. Hence it is very secure. It has no physical form and is not redeemable in another commodity like gold. Its supply is not determined by any central bank or authority and the network is completely "Decentralized".
2. Finding the Potential coin!
>Potential coin means the coin which has unique project to bring in the market.
In these some points are necessary while searching the potential coin!
- The concept behind bringing the potential coin and its uniqueness project in trending market.
- The project established by which team or group and from where team belonging..
- Search team members details in the social media or network etc.
- See the existence of potential coin in the market. (Will it work in these latest technology or be flopped)
3. Trading & Exchange of Potential coin!
We explain how to trade cryptocurrency for beginners. To start trading cryptocurrency you need to choose a cryptocurrency wallet and an exchange to trade on.
To trade cryptocurrency, you need
> Cryptocurrency Wallet.
> Cryptocurrency Exchange (to trade on).
If you are serious about trading cryptocurrency, you’ll need another exchange like Coinbase’s GDAX, Bittrex, Binance, or Poloneix (and you’ll likely want to find a wallet to store your coins in). A cryptocurrency exchange is not part of the regular stock exchange.
4. Facts to know about Cryptocurrency!
The Founder is a Ghost. While the idea of a digital currency was actualized decades ago, cryptocurrency was conceived less than 3 decades ago. The first interesting fact about cryptocurrency: It is credited to Satoshi Nakamoto but there is not real connection. Small fractions of Bitcoin are called Satoshi.
If you lose your wallet, you have lost your money. There are 1000+ Cryptocurrencies around the world and counting. The real value of Cryptocurrencies lies in their Blockchain. Decentralization is the attractive element. Invest the money in cryptocurrency how much you can bear it. Cryptocurrencies are extremely "Volatile."
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