Assalam-O-Alaikum Everybody:

My name is @muhammad-ahmad and this is my first post in the SteemitCryptoAcademy community. Today in this post I will tell you About what is Cryptocurrency from basics. So let's get into it.

Source

Cryptocurrency:

Cryptocurrency is a computerized payment system that does not depend on banks for the verifications of transactions but it is like the person-to-person system that allows anyone to send and receive payments anywhere. Modern coding is involved in storing and sending data.

Stock Market:

• The stock market is where investors connect to buy and sell investments, the most common being stocks (shares), which are ownership shares in a public company.
• It is not a single market but several stock exchanges scattered worldwide where traders and investors buy and sell shares.
• Publicly traded companies that constantly change in price in response to the law of supply and demand. The two largest stock exchanges in the world.
  United States of America: Nasdaq and New York Stock Exchange.

Similarities Between Cryptocurrency and Stock Market:

• First, both markets work the same way, at their simplest, both are determined by demand, ie how many people there are.
  Ready to pay part or currency. This means that when one person pays more than the previous person, the price goes up.
  Pay a certain amount at a certain time at a certain amount, and if someone is willing to give up their property at a lower price, the price goes down.
• Secondly, both of them can be valued based on the idea behind them. A stock is based on the business behind it and a currency is based on an idea, but
  In both, the value is somewhat behind the idea.
• Third, they are both priced in fiat currencies.

Differences Between Cryptocurrency and Stock Market:

• Baking:
  Stocks are backed by legitimate companies that are expected to turn a profit. They involve physical assets as part of their valuation, and you can determine whether a stock is valued correctly on market price using math.

• Purpose of Use:
  Stocks are made for a very simple reason:
  Fundraising for companies that need money
  The blockchain will be used as the foundation for games and programming. Others are strictly fundraising items, while even more can be used specifically with other sites.

• Volatility is different:
  The crypto market is unpredictable, and the currency is prone to sudden crashes while stock investors hold onto their stocks during periods of volatility.
  Knowing that things will eventually smooth out. But as everyone knows crypto is as unpredictable as it is, it's not always wise to hold on for dear life leading to panic.
  is more common, and sometimes, even more advisable in the crypto scene.

Stocks safer than Crypto:

Stocks are heavily regulated, and most must undergo an annual audit to continue trading on the market.
That the stocks you invest in will be dishonest.
On the other hand, crypto is highly exposed to fraud due to its decentralized, unregulated nature. Not only in actual ICOs and cryptocurrencies
The potential for exit scams is associated with them, but actual cryptocurrency exchange scams mean you can easily lose your portfolio quite quickly.

With great risk comes great rewards:

With all the problems of cryptocurrency. It doesn't always have "regular" returns like stocks do.
Many people who are very long-term investors have seen returns of over 1,000 percent. Even short-term ICO returns are around 150 percent. So, the reward is there.

The future of crypto is uncertain:

The differences between crypto and stocks are many, but one of the most obvious is that the stock market has become an institution, and it has begun to dedicate its path.
Whole economies work. With cryptocurrencies, there isn't that much institutionalization yet.Now a days Big companies invest in crypto but its not 100& guaranteed that the company wil be in profit. Many countries have begun banning its use in favor of legal tender and others are following suit.

Benefits of Cryptocurrency:

• Storage
• Security
• Portable
• Anonymity
• Low transaction fee

How cryptocurrency transformed the global economy:

• Shifts in global investments
• Eliminates the Need for middlemen
• Encourages More overseas Transactions
• Changes in the International Remittances Industry and Environment

Allah-Hafiz

I am inviting
@amjadali00.
@karobiamin71.
@sur-riti.

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Stay blessed.

Presented by: @muhammad-ahmad

Pakistan
Dated: 1 June 2024

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