The 7 Secrets About Cryptocurrency Everyone Thinks But No One Says OutLoud
There is a lot of hype surrounding cryptocurrency, but how much do you know?
What is Cryptocurrency?
Cryptocurrency is a form of digital money designed to be secure and anonymous in most cases. It uses cryptography, which is the process of converting legible information into an almost uncrackable code, to track purchases and transfers. Cryptography was born out of the need for secure communication in World War II.
It has evolved in the digital age with elements of mathematical theory and computer science to become a way to secure communications, information and money online.
The first cryptocurrency was Bitcoin, which was created in 2009 and is still the best known. Today, there are thousands of alternate cryptocurrencies with various functions or specifications. Some of these are clones or forks of Bitcoin, while others are new currencies that were built from scratch. Most cryptocurrencies are designed to gradually decrease production of currency, placing an ultimate cap on the total amount of currency that will ever be in circulation, mimicking precious metals.[1]
Why Use Cryptocurrency?
Cryptocurrency uses decentralized technology to let users make secure payments and store money without the need to use their name or go through
It’s no secret that I’m in the process of investing in cryptocurrency myself. Not only that, I’m also actively trading and spending it. And while many people are talking about how to invest, there’s not a lot of information on how to actually trade and spend it.
I want to change that.
In this article, I’m going to walk you through 7 secrets about cryptocurrency that everyone thinks but no one says out loud. These are the things that you need to know if you want to get in on this new form of currency.
The first thing you need to know about cryptocurrency is that it’s volatile, which means it can go up or down at any time and by any amount. That makes it risky, but also exciting!
Being one of the largest holders of Bitcoin and Ethereum, I have a lot of people asking me about altcoins and ICOs. They want me to tell them which ones to invest in.
I don’t give investment advice.
If you want a list of cryptocurrencies to invest in, then Google “cryptocurrency predictions” and you’ll get plenty of lists. Just make sure you don’t end up on some scammy copycat site that looks like the real thing but isn’t.
Because here’s the thing…
Even if I knew what was going to happen with cryptocurrency, I couldn’t tell you about it.
Why? Because there are seven secrets about cryptocurrency that everyone knows but no one says out loud.
In 2017, the cryptocurrency market made it to the mainstream and since then, there has been no looking back. The crypto market has seen a great surge in its value, with some of these digital currencies like Bitcoin, Ethereum and Ripple becoming household names now.
But, do you know that the cryptocurrency market is considered as one of the most secretive markets in the world? There are certain things that even an insider won’t tell you out loud. However, we have come up with all these secrets that are kept away from people, due to their sensitivity.
So, check out what these secrets are!
1) Many Investors Are Fake:
Have you ever wondered why a lot of the ICOs (Initial Coin Offerings) fail to meet their expectations? Well, it is because many investors are fake here. They just pretend like they are interested in buying your coins but actually aren’t. This is done for creating demand for a particular coin.
2) Most Coins Will Fail:
Cryptocurrencies have gained a lot of traction in recent times. But do you know that most of the cryptocurrencies that have been launched will fail and their price will drop to zero? Yes! It’s true! According to the Quora post by ‘Chamath Palihap
The worst thing that can happen to a beginner investor is to make a profit on paper, but not see that money in their bank account.
Cryptocurrency trading is much easier for beginners than traditional investing. However, there are still many pitfalls that can catch you off guard.
In this article I will share the top 7 things I wish someone told me before I started trading cryptocurrency.
Every single day there are new cryptocurrencies popping up all over the internet. You can’t keep up with them all, even if you wanted to. And why would you want to? For the most part, these are cheap copies of already existing coins that don’t offer any real value or innovation.
This is exactly why it’s so important to do your research before buying a new coin, and this guide will show you how. In this guide we will cover:
What is cryptocurrency?
How to buy cryptocurrency
How to choose a coin to invest in
The next big thing in crypto… NEO!
A list of top altcoins that could explode in 2018